John Marshall Bank Expands Commercial Team with the Hiring of Pete Follansbee as SVP, Commercial Team Lead, in Prince William County as Part of Regional Growth Strategy

RESTON, Va.--(BUSINESS WIRE)-- John Marshall Bank (“JMB” or the “Bank”), subsidiary of John Marshall Bancorp, Inc. (the “Company”) (Nasdaq: JMSB), is proud to announce the hiring of Pete Follansbee as Senior Vice President, Commercial Team Lead in Prince William County and the surrounding areas. With a focus on commercial business, including trade contractors, Mr. Follansbee will play a key role in the growth of the Bank’s core markets and industry specialties.

Pete Follansbee - SVP, Commercial Team Lead – Prince William County. (Photo: Business Wire)

“Pete is a veteran banker, and we are very pleased to bring him on to the JMB commercial team,” Jason R. McDonough, EVP, Chief Lending Officer, said about Mr. Follansbee’s hiring. “His success in the banking industry and expertise underscores the Bank’s ongoing commitment to attracting and hiring the best banking professionals throughout the DC Metro area.”

Before joining John Marshall Bank, Mr. Follansbee served as a Commercial Relationship Manager for Sandy Spring Bank and as a Commercial Banker for Truist. With over 28 years of banking and leadership experience, Pete brings strategic experience to strengthen existing relationships while pursuing meaningful new business partnerships in and around Prince William County.

Mr. Follansbee graduated Magna Cum Laude from James Madison University with a Bachelor of Business Administration. Prior to joining the banking industry, he served in the United States Navy.

About John Marshall Bancorp, Inc.:

John Marshall Bancorp, Inc. is the bank holding company for John Marshall Bank. The Bank is headquartered in Reston, Virginia with eight full-service branches located in Alexandria, Arlington, Loudoun, Prince William, Reston, and Tysons, Virginia, as well as Rockville, Maryland, and Washington, D.C. The Bank is dedicated to providing exceptional value, personalized service and convenience to local businesses and professionals in the Washington D.C. Metro area. The Bank offers a comprehensive line of sophisticated banking products and services that rival those of the largest banks along with experienced staff to help achieve customers’ financial goals. Dedicated Relationship Managers serve as direct points-of-contact, providing subject matter expertise in a variety of niche industries including Charter and Private Schools, Government Contractors, Health Services, Nonprofits and Associations, Professional Services, Property Management Companies and Title Companies. Learn more at www.johnmarshallbank.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250310796710/en/

Jason R. McDonough

EVP, Chief Lending Officer

703-584-0840

Source: John Marshall