RICHMOND, Va., Oct. 5, 2012 /PRNewswire/ -- Union First Market Bankshares today announced that it has hired Robert B. Eastep as President, Union Mortgage Group, Inc. Union Mortgage Group is a non-bank affiliate of Union First Market Bankshares.
"We are pleased to add Rob Eastep to our team," said G. William Beale, chief executive officer for Union First Market Bankshares. "Rob has extensive leadership experience in a residential mortgage lending company, which should help Union Mortgage as it continues to grow. With the additional lenders hired earlier this year, Union Mortgage now operates 15 offices in four states and is also licensed to do business in selected states throughout the Mid-Atlantic and Southeast, as well as Washington, D.C."
Eastep, 49, was previously senior vice president and chief financial officer for Central Virginia Bankshares. Prior to joining Central Virginia Bankshares in 2010, Eastep was chief executive officer of ESM, LLC, a business consulting firm focused on strategic business issues in the financial services and golf/club industries. He was Executive Vice President and Chief Financial Officer of Saxon Capital, Inc. a residential mortgage lender and servicer that managed a $6 billion portfolio of mortgage assets. Saxon Capital, Inc. was a publicly held company prior to being sold to Morgan Stanley in 2006. Eastep also worked at Cadmus Communications Corporation, Wachovia and KPMG. Eastep currently serves on the Board of Directors of CreXus Investment Services (NYSE: CXS-Commercial REIT) where he is Audit Committee Chair.
Eastep graduated with honors from West Virginia University and is a certified public accountant. He will report to John C. Neal, executive vice president and chief banking officer for Union First Market Bankshares. Neal also serves as chairman of the mortgage company's board of directors.
ABOUT UNION FIRST MARKET BANKSHARES CORPORATION
Headquartered in Richmond, Virginia, Union First Market Bankshares Corporation (NASDAQ: UBSH) is the holding company for Union First Market Bank, which has 94 branches and more than 150 ATMs throughout Virginia. Non-bank affiliates of the holding company include: Union Investment Services, Inc., which provides full brokerage services; Union Mortgage Group, Inc., which provides a full line of mortgage products; and Union Insurance Group, LLC, which offers various lines of insurance products. Union First Market Bank also owns a non-controlling interest in Johnson Mortgage Company, L.L.C.
Additional information on the Company is available at http://investors.bankatunion.com.
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SOURCE Union First Market Bankshares Corporation