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Matthew R. Nusbaum
Board Member
Division: Board of Directors
Mr. Nusbaum is an Asset Manager and Partner at S.L. Nusbaum Realty Co., where he manages a commercial property portfolio spanning Virginia Beach, Norfolk, Newport News, Williamsburg and Richmond, a role he has held since 2010. He serves on the Board of Trustees of Virginia Wesleyan University and the Boards of Directors of the American Red Cross, Children’s Hospital Foundation, Festevents, ODAF Next Generation, and the Small Business Commission of Virginia. He previously served as an Advisory Board Member of Southern Bank and Trust Company and on the Boards of Directors of Heritage Bank and Heritage Bankshares, Inc. Mr. Nusbaum holds a B.S. from the University of Alabama.
L. Allan Parrott, Jr.
Mr. Parrott is the Vice Chairman and former Chief Executive Officer of Tidewater Fleet Supply, LLC, a distributor of automotive, truck and heavy equipment components primarily serving fleet customers throughout the southeast, having served as CEO from 1998 until April 2020. Previously, he was a commercial litigation attorney with Kaufman & Canoles, P.C. Mr. Parrott is a Board member of Sentara Healthcare, has served on the Boards of the Virginia Foundation of Independent Colleges and the Norfolk Forum, and was a past Chair of the Tocqueville Society of the United Way of South Hampton Roads. Mr. Parrott also served on the Boards of Directors of Heritage Bank and Heritage Bankshares, Inc. He holds a B.A. from the University of North Carolina and a J.D. from the University of Richmond School of Law.
J. Van Rose, Jr.
Mr. Rose is the Chief Executive Officer and Chairman of the Board of Berkshire Hathaway HomeServices RW Towne Realty LLC, the largest real estate firm in southeastern Virginia and northeastern North Carolina, with annual sales in excess of three billion dollars. Mr. Rose also serves as an owner of RW Towne Mortgage and RW Towne Title. In April of 2023, Rose & Womble Realty Co and BHHS Towne Realty merged to form Berkshire Hathaway HomeServices RW Towne Realty, LLC. Prior to this merge, Mr. Rose was both Chief Operations Officer of Rose & Womble Realty Co and President of its New Homes Division. In 2009, Mr. Rose was named a “Legend of Residential Marketing” by the National Association of Homebuilders. Less than 50 industry leaders nationwide have been awarded this designation. Prior to his career at Rose & Womble Realty Co, he was a Naval Flight Officer and Lieutenant Commander in the U.S. Navy. Mr. Rose holds a BS from the United States Naval Academy and an MBA from Central Michigan University.
Michael S. Ives
Mr. Ives is our President, Chief Executive Officer, and Chief Credit Officer. Mr. Ives previously led Heritage Bankshares, Inc. and Heritage Bank as President and CEO from 2005 to 2016. Prior to initiating the organizational effort to start the Bank, Mr. Ives was a member of the law firm of Willcox & Savage, P.C., where he practiced in the areas of banking, corporate, creditors’ rights, and real estate law. Mr. Ives served as the President and CEO of CENIT Bancorp, Inc. from 1992 to 2001 and of CENIT Bank, FSB from 1987 to 2001. Following CENIT’s merger into SouthTrust Bank, he was the Hampton Roads Market CEO of SouthTrust Bank from 2001 to 2004. Mr. Ives also served as Chairman of the Board of Trustees of the Employees Retirement System of the City of Norfolk from 1991 to 2007. Mr. Ives was an attorney in private practice before commencing his banking career in 1987. Mr. Ives graduated magna cum laude with distinction in economics with an A.B. from Duke University and a J.D. with honors from the University of North Carolina School of Law. The Board of Directors believes Mr. Ives’ qualifications to sit on the Board of Directors include his prior experience and success in leading and growing banks in our market and his extensive service in the banking industry in general, including his tenure with the Bank.
Peter M. Meredith, Jr.
Mr. Meredith has served as Chairman and CEO of Meredith Construction Company since 1993, having previously served in various roles since 1974. Mr. Meredith also serves as Managing Partner of Meredith Capital Management, which develops, owns, and operates multifamily housing units, shopping centers, office buildings, mini storage units, and Country Inn Hotels. He served on the Board of Directors at Heritage Bank from 1992 until 2016, and was the Chairman of that Board and the Board of Heritage Bankshares, Inc. from 1994 until 2016. Mr. Meredith is a former member of the Board of the Chrysler Museum of Art and was Chairman from 2012 to 2014. Mr. Meredith holds a B.S. from Virginia Military Institute.
David L. Kaufman
Mr. Kaufman is the founder of Envest Holdings LLC, a private equity firm based in Virginia Beach, where he has served as Co-Chairman and Senior Managing Director since 2000. Previously, he founded The Vacation Store, a national provider of leisure travel, and served as its Chairman and CEO from 1994 to 1998. He was Senior Vice President of Cunard Line Ltd. from 1987 until 1994, where he led commercial operations for a fleet of 17 cruise ships and 3,000 employees. He has also served as Chair of Virginia Wesleyan University’s Board of Trustees and continues to serve on its Board as a Past Chair. Mr. Kaufman holds a B.B.A. from Emory University and an M.B.A. from the University of Michigan.
Donna L. Scassera
Ms. Scassera is the Founder, President, and CEO of DLS Engineering, an engineering services firm established in 1995. Ms. Scassera has served on Integrity Bank for Business’ Board of Directors since 2021. Ms. Scassera was appointed to the Old Dominion University Board of Visitors from 2015 to 2019 and served on the Board of Old Dominion University’s Frank Batten College of Engineering and Technology from 2013 to 2015. As a founding member of the Women’s Initiative Network (WIN) and Women of Philanthropy, she mentors young women pursuing science, technology, engineering, and mathematics (STEM) professions. In 2014, Ms. Scassera received the ODU Honorary Alumni Award and the ODU College of Engineering and Technology Service Award. While serving as the National Vice President of the American Society of Naval Engineers (ASNE), she received the 1999 ASNE President’s Award and the Frank G. Law Award in 1996 for exceptional achievements in support of the society. Ms. Scassera holds a B.S. in Civil Engineering from Pennsylvania State University and maintains a Professional Engineer license.
David A. Arias
Mr. Arias is the Co-owner, along with his wife Valerie, of a start-up corporation Pull Start Fire that manufactures and distributes products for outdoor camping and cooking. David was the former President and majority owner of SwimWays Corporation, a designer, manufacturer, and distributor of pool, beach, and backyard toys, games, and sporting goods, serving from 1994 until the sale of SwimWays in 2016. He also previously served as Rector of the Eastern Virginia Medical School Board of Visitors. He currently serves or has served on the Boards of the Hampden-Sydney College, the United Way of South Hampton Roads, the Virginia Aquarium, Heritage Bank, Heritage Bankshares, Inc., Saint Margaret’s School, the Virginia Foundation of Independent Colleges, and the Hampton Roads Regional Advisory Board of Southern Bank and Trust Company. Mr. Arias holds a B.A. in Economics and Spanish from Hampden-Sydney College and an M.B.A. from the Fuqua School of Business at Duke University.
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