OpenAI Reportedly Eyes Late-2026 IPO Amid Rising Competition and Massive Funding Needs 
Panama Supreme Court Voids Hong Kong Firm’s Panama Canal Port Contracts Over Constitutional Violations 
Disney Board Nears CEO Decision as Josh D’Amaro Emerges as Leading Candidate 
Using the Economic Calendar to Reduce Surprise Driven Losses in Forex 
Elon Musk’s Empire: SpaceX, Tesla, and xAI Merger Talks Spark Investor Debate 
Nvidia Confirms Major OpenAI Investment Amid AI Funding Race 
Federal Judge Signals Possible Dismissal of xAI Lawsuit Against OpenAI 
Nvidia’s $100 Billion OpenAI Investment Faces Internal Doubts, Report Says 
Sandisk Stock Soars After Blowout Earnings and AI-Driven Outlook 
Elon Musk’s SpaceX Explores Merger Options With Tesla or xAI, Reports Say 
US Judge Rejects $2.36B Penalty Bid Against Google in Privacy Data Case 
Apple Faces Margin Pressure as Memory Chip Prices Surge Amid AI Boom 
Boeing Secures New Labor Contract With Former Spirit AeroSystems Employees 
Bob Iger Plans Early Exit as Disney Board Prepares CEO Succession Vote 
SpaceX Updates Starlink Privacy Policy to Allow AI Training as xAI Merger Talks and IPO Loom 
LYNCHBURG, Va., May 30, 2017 -- Bank of the James Financial Group, Inc. (NASDAQ:BOTJ), parent holding company for Bank of the James, was recently ranked among the 200 top performing community bank holding companies, banks, and thrifts in the nation by American Banker magazine.
The ranking was based on a three-year average Return on Equity for 2014-2016 for publicly traded and SEC-reporting companies that had less than $2 billion in total assets at December 31, 2016 and met certain criteria relating to capitalization. According to American Banker’s announcement, Bank of the James Financial Group Inc.’s three-year average Return on Equity was 8.89% compared to the median for all 669 qualifying institutions of 7.62%.
Robert R. Chapman III, President and CEO, commented: "We were honored to once again be included among this select group of community banks, based on our financial performance in the past several years. We continue to focus on generating solid returns while investing in the future by growing in our served markets, adding talented bankers, strategic facilities and providing a full suite of commercial and retail banking capabilities."
About the Company
Bank of the James, a wholly owned subsidiary of Bank of the James Financial Group, Inc., serves Lynchburg, Charlottesville, Harrisonburg, Roanoke, Appomattox and other markets in Virginia. The bank operates 13 full service locations, two limited service branches, two loan production offices, and an investment/insurance services division. Bank of the James Financial Group, Inc. common stock is listed under the symbol "BOTJ" on the NASDAQ Stock Market, LLC.
Contact: J. Todd Scruggs, Executive Vice President and Chief Financial Officer (434) 455-7511 [email protected]
