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May 18, 2017

Biz briefs: New hires, expansion and bank news

Darrin Smith, who recently joined Carson Land Consultants, has worked as a professional engineer since 1996.
Smith new production manager at Carson Land Consultants

Darrin Smith, a professional engineer, has joined Carson Land Consultants in Warrenton as production manager.

Mr. Smith has 30 years of civil engineering and land development experience. In the new position, he works on staff development, project and contract management, business development and fostering client relationships.

Registered as a professional engineer since 1996, Mr. Smith has certification in nine states. He owned a consulting firm for 20 years in Utah before going to work for a commercial land developer in the mountain west region. More recently, he worked for a Mid-Atlantic engineering firm.

“Darrin has deep and broad experience, particularly in the land development arena,” said Jim Carson, who owns the Warrenton company. “Through working directly with a land development company for several years, he has gained a more thorough understanding of the land development process, which goes beyond basic civil engineering.

“He has worked with large program clients, as well as individual clients, on various sized projects and has succeeded on these projects by understanding the client’s vision and how to implement it in a creative and thoughtful manner.”

Mr. Carson’s company provides land planning, surveying and site design services. 

Oak View National reports $211,000 quarterly profit

Warrenton-based Oak View National Bank reported net income of $211,772 for the quarter ended March 31, compared to $231,606 for the same period in 2016.

Basic and diluted earnings per share for the first quarter of 2017 were 7 cents, compared with 8 cents a year earlier. Return on average assets was 0.42 percent and return on average equity was 4.38 percent, compared to 0.51 percent and 5.03 percent in the first quarter of 2016.

“As previously announced, we have invested significantly in lenders and support personnel necessary to increase our rate of growth,” Oak View Vice Chairman and CEO Michael Ewing said. “Although the additional personnel expense has negatively impacted short term results, we hope to see the benefits for the remainder of the year and beyond.”

Net loans increased 11.95 percent to $164.2 million. Credit quality remained outstanding as the bank had just two non-performing assets, totaling $87,890, at the quarter’s end.

Total deposits year-over-year rose 10 percent to $161.7 million.

Total bank assets ended the quarter at $200.4 million, representing an annual growth rate of 9.4 percent.

Established in 2007, Oak View has offices in Warrenton, Marshall and Culpeper. It grew from the roots of the old Marshall National Bank & Trust Co., which went through a series of mergers, starting in 1998.

Appleton Campbell earns Carrier award

Warrenton-based Appleton Campbell recently received the 2017 President’s Award from Carrier for commitment to quality, leadership and excellence in the heating, ventilating and air-conditioning industry.

The company provides plumbing, heating, air conditioning and electrical repairs and new installations for residential and business customers in Fauquier, Culpeper, Rappahannock, Loudoun, Prince William and Fairfax counties.

Jim Appleton, grandfather of current President Mike Appleton, founded the family-owned company in 1976. Appleton Campbell has grown to 68 employees.

Accredited by the Better Business Bureau, the company holds a Class A License with masters in plumbing, heating and air conditioning, gas fitter, and electrical.

Appleton Campbell and its staff participate in a range of community business organizations and charitable activities.

“This award recognizes Appleton Campbell’s commitment to excellence and Carrier is proud that they are ambassadors of our brand,” said Chris Nelson, president of the company’s North America HVAC Systems & Service. “Appleton Campbell is a first-class factory authorized dealer and is an ideal example of an outstanding company that serves not just the industry and its customers, but its community as a whole.”

Golden Rule creates architectural department

Golden Rule Builders has announced creation of a dedicated architectural department in the company’s showroom and design center in Catlett.

“We are expanding the square footage footprint of our showroom and design center to accommodate a dedicated architecture department,” Golden Rule President Joel Barkman said. “Being a true full-service design/build firm adds tremendous value to the clients we serve. Adding a dedicated architectural group to the process furthers our commitment to the seamless client experience.

“The department will be responsible for creating construction documents for all GRB projects as well as working with our expanding sales staff to create initial design concepts.”

With state of art equipment and “a high-tech contemporary/industrial décor,” the department will house up to five full-time architectural team members, Mr. Barkman said.

“As we continue to focus on our ‘Zero Energy Ready’ building projects and ‘Sensible Green’ initiatives, we have created a great deal of interest and demand in the marketplace.” said Troy Johnson, one of Golden Rule architects. “As a result of this increased demand and the leading-edge technologies we have decided to add team members to stay ahead of client expectations.”

Jennifer Keogh, a new home and remodeling designer, and John Kiernan, an artist, color consultant and designer, will join the staff.

Mr. Barkman founded the company 30 years ago.

Fauquier Bankshares declares quarterly dividend

The Board of Directors of Fauquier Bankshares Inc. (Nasdaq: FBSS) recently announced a quarterly dividend of 12 cents per share.

This dividend will go to shareholders of record as of the close of business on June 16, and will be payable on July 3. It represents a 48-cent dividend on an annualized basis.

Fauquier Bankshares Inc. and its principal subsidiary, The Fauquier Bank, had combined assets of $630 million and total shareholders’ equity of $55.3 million at March 31.

Based in Warrenton, the independent, locally-owned bank has 11 offices in Fauquier and Prince William counties.

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