On April 1, 2021, Fauquier Bankshares, Inc. completed its previously announced merger with Virginia National Bankshares Corporation (Virginia National"). In connection with the Merger, all of Fauquier's directors ceased serving on the Fauquier board of directors as of the Effective Time. At the Effective Time, Marc J. Bogan, former President and Chief Executive Officer of Fauquier, became President and Chief Executive Officer of Virginia National Bank. Mr. Bogan has entered into an employment agreement with Virginia National and Virginia National Bank, dated September 30, 2020 and effective as of the Effective Time, that in relevant part amends, restates and supersedes the employment agreement dated June 6, 2016 between Mr. Bogan, Fauquier and The Fauquier Bank.