John Marshall Bancorp, Inc. - JMSB STOCK NEWS

John Marshall Bancorp, Inc. (JMSB), the parent company of John Marshall Bank, announces executive leadership promotions as part of its succession plan. William J. Ridenour and Carl E. Dodson will transition to advisory roles, continuing to support the Bank. Andrew J. Peden has been promoted to Chief Banking Officer, Jason R. McDonough to Chief Lending Officer, Kelly J. Bell to Chief Operating Officer, and Sheila Yosufy to Director of Sales. Collectively, the new leaders bring nearly 90 years of banking experience to enhance the Bank's client services.

John Marshall Bank has appointed Tina Townsend as a Business Development Officer focusing on the Washington, DC and Maryland regions. Townsend brings over 26 years of experience from her tenure at BB&T (now Truist) and will enhance the bank's community-driven approach. Her leadership experience is expected to drive new business opportunities for the bank. This hiring emphasizes John Marshall Bank's commitment to attracting market leaders, bolstering its growth strategy in a competitive landscape.

John Marshall Bancorp, Inc. (JMSB) announced that its Registration Statement on Form 10 is effective, allowing its common stock to trade on the Nasdaq Capital Market starting April 27, 2022. This initiative aims to enhance stock visibility and liquidity, as noted by President and CEO Christopher W. Bergstrom. Becoming an SEC registrant is expected to increase transparency, attract a broader investor base, and improve access to capital markets. John Marshall Bancorp is the holding company for John Marshall Bank, a $2.25 billion institution based in Reston, Virginia.

John Marshall Bancorp, Inc. (OTCQB: JMSB) reported a record net income of $7.7 million ($0.55 per diluted share) for Q1 2022, up 51.2% from Q1 2021. This marks the thirteenth consecutive quarter of record earnings. A special cash dividend of $0.20 per share was declared, payable on May 24, 2022. Total assets increased by 11.9% to $2.25 billion, while total deposits grew 12.6%. The annualized Return on Average Assets was 1.40% and Return on Average Equity was 14.76%. The Company remains well-capitalized with no non-performing loans.

John Marshall Bank has appointed Peter Nadanyi as Senior Vice President and Loudoun Commercial Team Lead, tasked with overseeing commercial lending growth. With over 33 years in banking, including leadership roles at Virginia National Bank and BB&T, Nadanyi aims to enhance the bank's Commercial and Industrial lending portfolio. His extensive local market knowledge is expected to benefit growth strategies. This appointment follows the recent hires of Alice Williams and Graziella Brenneman, indicating the bank's commitment to attracting market leaders.

John Marshall Bancorp, Inc. (OTCQB: JMSB) has announced a special cash dividend of $0.20 per share, payable on or about May 24, 2022, to stockholders of record as of May 10, 2022. CEO Chris Bergstrom emphasized the company's strong financial position despite pandemic challenges, indicating confidence in future growth. The bank, headquartered in Reston, Virginia, manages assets totaling approximately $2.1 billion and operates eight full-service branches across the D.C. Metro area.

John Marshall Bancorp, Inc. (OTCQB: JMSB) announced the filing of a Registration Statement on Form 10 with the SEC on March 4, 2022, aimed at registering its common stock under the Securities Exchange Act of 1934. This move paves the way for the company to meet reporting requirements and pursue a listing on the Nasdaq Capital Market, initially announced on December 6, 2021. CEO Chris Bergstrom emphasized that becoming an SEC registrant would enhance visibility, access to capital, and liquidity for shareholders.

John Marshall Bank has promoted Christopher J. Lipscomb to Regional Executive for the Arlington market following over a decade of service. Lipscomb has extensive experience in commercial lending, focusing on Commercial Real Estate and Commercial & Industrial sectors. His leadership is expected to enhance the bank's strategic direction and operations in Arlington. John Marshall Bank, trading under the ticker JMSB, is committed to exceptional service and offers diverse banking products across the Washington DC Metro area.

John Marshall Bank has appointed Graziella Brenneman as Assistant Vice President and Business Banking Manager to enhance its SBA lending capabilities. With 14 years in the banking industry, Brenneman previously served at Arlington Community Federal Credit Union and held managerial roles at Capital One and TD Bank. She is expected to focus on business development and the implementation of the bank's new fintech payment portal, LendUX. This strategic addition aims to support local entrepreneurs in expanding their businesses.