BOTJ CFO Scruggs to become CIO; General Counsel Sorenson named CFO effective Jan 1, 2026

BANK OF THE JAMES FINANCIAL GROUP INC

J. Todd Scruggs, CFO since 1999 for Bank of the James, transitions to newly created CIO role effective Jan 1, 2026.
Eric J. Sorenson Jr., General Counsel since 2022, appointed CFO; will oversee financial, accounting, treasury, budgeting, reporting.
Transition is orderly; Board states no disagreement with company or management; no new compensatory arrangements.
Scruggs and Sorenson will work closely; Sorenson brings 25+ years of advisory experience on regulatory, legal, and financial matters.

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