First National Corporation, the bank holding company of First Bank, announced Matt Paciocco was named Senior Vice President and Regional Executive for Richmond, VA. Paciocco will be responsible for overseeing community impact and all lines of business banking, and business development.
“Matt’s experience fully aligns with our culture and our focus on positioning First Bank for transformational growth in the Richmond market,” said Scott Harvard, CEO of First Bank.
Born and raised in Richmond, Paciocco began his career in 2003 with the former First Market Bank, meeting and working with some of his current First Bank colleagues. He has over 18 years of experience in all areas of commercial and retail banking where his focus has been building strong relationships, providing responsive service, and acting as a trusted advisor to his clients. Paciocco has a B.S. in Business Administration and a B.S. in Economics from Longwood University and is also a graduate of the Virginia Bankers Association’s School of Bank Management at the University of Virginia.
Paciocco leads the Richmond team of 12 bankers, six in First Bank’s Innsbrook Office and six bankers in the branch office located at 5601 Patterson Avenue. The team includes well-known Richmond bankers Bill Bien and Andy McLean, along with Bonnie Howle and Tonda Arthur, both seasoned treasury management professionals. Paciocco and team joined First Bank in September 2021 when the Bank acquired an $82 million local loan portfolio from SmartBank, who chose to exit the market. As of March 31, the combined teams accounted for over $150 million in loans and $40 million in deposits in the Richmond market and plans to build those totals to $250 million and $100 million respectively, as the Bank deepens its presence in the market.
“As a lifelong Richmond native, I enjoy the opportunity to impact our market through various banking channels. First Bank is dedicated to the area and has provided incredible support to our customers, community, and team of bankers,” Paciocco said. “While the banking industry in Richmond is very strong and competitive, we feel that flexibility, efficiency, and accuracy are key aspects of how we do business. Our team continues to deliver banking services with a personal touch and commitment to service that is unmatched.”
Paciocco and his team deliver a diverse set of skills and deep relationships in the Richmond market that are grounded in high quality customer service and providing comprehensive commercial banking solutions. Harvard added, “We’re excited for the opportunity to build our banking company in Richmond around Matt and this strong team of bankers.”