John Marshall Bank Hires Pete Follansbee as SVP to Lead Commercial Team in Prince William County
John Marshall Bank (“JMB” or “the Bank”), a wholly owned subsidiary of John Marshall Bancorp, Inc. (“the Company”) (Nasdaq: JMSB), is pleased to announce the appointment of Pete Follansbee as Senior Vice President and Commercial Team Lead for Prince William County and its surrounding areas. This strategic hiring decision aligns with JMB’s ongoing commitment to expanding its commercial banking footprint and strengthening its relationships with local businesses, particularly in specialized industries such as trade contracting.
Pete Follansbee brings nearly three decades of banking and leadership experience to his new role, making him a valuable addition to JMB’s commercial team. His expertise in financial services, client relationship management, and business development will be instrumental in fostering new partnerships and enhancing existing ones within the Bank’s core markets. As a seasoned banking professional, Mr. Follansbee’s knowledge and leadership will contribute to JMB’s mission of providing top-tier financial solutions to businesses across the region.
Commenting on Mr. Follansbee’s hiring, Jason R. McDonough, Executive Vice President and Chief Lending Officer at John Marshall Bank, expressed enthusiasm about the new addition to the commercial team. “Pete is a veteran banker, and we are very pleased to bring him John Marshall Bank on to the JMB commercial team. His extensive experience and track record of success in the banking industry underscore our ongoing commitment to attracting and hiring the best banking professionals throughout the DC Metro area.”
Before joining John Marshall Bank, Mr. Follansbee held key leadership roles at reputable financial institutions, including Sandy Spring Bank and Truist. During his tenure at Sandy Spring Bank, he served as a Commercial Relationship Manager, focusing on providing tailored banking solutions to a diverse clientele. At Truist, he worked as a Commercial Banker, developing financial strategies to support businesses’ growth and operational efficiency. His ability to understand market trends, assess risk, and provide strategic financial guidance has earned him recognition as a trusted banking professional.
In addition to his vast experience in the financial sector, Mr. Follansbee holds an impressive academic background. He graduated Magna Cum Laude from James Madison University with a Bachelor of Business Administration. His academic achievements reflect his dedication to excellence and continuous learning, qualities that have significantly contributed to his successful career in banking.
Furthermore, Mr. Follansbee’s leadership extends beyond the financial sector. Prior to embarking on his banking career, he served in the United States Navy, where he honed his leadership, discipline, and strategic thinking skills. His military service has provided him with a strong foundation in teamwork and problem-solving, which he seamlessly integrates into his professional endeavors.
John Marshall Bank, known for its relationship-driven approach and commitment to excellence, views Mr. Follansbee’s appointment as a pivotal step toward reinforcing its presence in Prince William County and neighboring regions. His experience in working with trade contractors and commercial businesses aligns with JMB’s objective of offering customized financial solutions tailored to the unique needs of businesses in various industries.
As a Commercial Team Lead, Mr. Follansbee will be responsible for identifying growth opportunities, enhancing client relationships, and driving strategic initiatives that support JMB’s long-term vision. He will work closely with local businesses to provide financial products and services designed to optimize their financial performance and operational success.
JMB’s decision to bring Mr. Follansbee on board demonstrates the Bank’s proactive approach to recruiting top-tier talent and investing in its commercial banking division. In an industry where experience and relationship-building are crucial, his addition to the team signals JMB’s dedication to maintaining a competitive edge in the financial services sector.
With a strong focus on community banking, John Marshall Bank has built a reputation for delivering high-quality financial solutions to individuals and businesses alike. The Bank’s commitment to hiring seasoned professionals such as Mr. Follansbee further solidifies its mission to provide expert financial guidance and personalized services to clients throughout the DC Metro area.
Mr. Follansbee’s leadership and strategic insight are expected to contribute to JMB’s continued growth and expansion. His experience in commercial banking, coupled with his ability to foster meaningful business relationships, positions him as a valuable asset to the Bank’s commercial division. As he steps into his new role, he will leverage his expertise to support businesses in achieving their financial goals while further strengthening JMB’s presence in the marketplace.
John Marshall Bank continues to distinguish itself as a premier financial institution dedicated to meeting the evolving needs of its clients. With a strong leadership team and a commitment to excellence, JMB remains well-positioned to drive innovation and growth within the commercial banking sector. The addition of Pete Follansbee to the team underscores the Bank’s unwavering dedication to hiring top talent and providing best-in-class financial solutions to businesses in Prince William County and beyond.
As the financial landscape continues to evolve, John Marshall Bank remains steadfast in its mission to support businesses with the expertise and resources they need to thrive. With Mr. Follansbee at the helm of the commercial team in Prince William County, JMB is poised to further enhance its impact and continue its tradition of excellence in the banking industry.
