Bank of the James to acquire Pettyjohn, Wood & White, an RIA with $650M+ AUM

BANK OF THE JAMES FINANCIAL GROUP INC

Acquisition of Pettyjohn, Wood & White (PWW), an SEC-registered investment advisor with over $650M in AUM.
Founders Gorham Wood (to remain President) and Charles White (EVP) signed long-term employment agreements.
All administrative staff and account managers will continue, including Brian Blankship, Tom Gerhardt, Shep Nowlin.
Company expects the transaction to increase earnings through higher non-interest income.
No deal value disclosed; subject to customary closing conditions.

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