Chip Umberger

EVP Chief Credit Officer at Bank of the James

Professional Overview
Chip Umberger is a seasoned financial services executive with over 20 years of experience in the banking industry. As the EVP Chief Credit Officer at Bank of the James, he oversees the institution's credit risk management strategy, ensuring the organization's loan portfolio remains healthy and aligned with its risk appetite.

Experience Summary

Current Role
Chip has served as the EVP Chief Credit Officer at Bank of the James since 2001. In this role, he is responsible for leading the credit risk management function, including credit policy development, underwriting standards, and portfolio monitoring. Under his leadership, the bank has maintained a robust credit risk management framework, contributing to its strong financial performance and reputation in the local market.

Career Progression
Prior to his current role, Chip held various positions in the banking industry, gaining valuable experience in commercial lending, credit analysis, and risk management. His career progression has been marked by continuous growth and increased responsibility, demonstrating his deep understanding of the financial services sector and his ability to drive organizational success.

Academic Background
Chip holds a Bachelor of Business Administration degree from the University of Virginia, with a concentration in Finance. He has also completed additional executive education programs in credit risk management and strategic leadership, further enhancing his professional expertise.

Areas of Expertise

• Credit risk management

• Commercial lending and portfolio analysis

• Financial analysis and underwriting

• Regulatory compliance and risk monitoring

• Strategic planning and leadership

Professional Impact
Under Chip's leadership, Bank of the James has maintained a strong credit profile, with non-performing loans consistently below industry benchmarks. He has played a crucial role in the bank's growth strategy, helping to identify and underwrite high-quality commercial loan opportunities that align with the institution's risk tolerance. Chip is also an active participant in industry forums, sharing his insights and contributing to the development of best practices in credit risk management.

Conclusion
Chip Umberger's extensive experience and expertise in credit risk management have been instrumental in the success of Bank of the James. As the EVP Chief Credit Officer, he continues to drive the organization's financial stability and strategic growth, making him a valuable asset to the institution and the broader financial services industry.