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Alum Named Alexandria's Business Leader of the Year

Peter Converse, a 1972 graduate of Washington and Lee and president and chief executive officer of the Virginia Commerce Bank, was named 2011 Business Leader of the Year by the Alexandria (Va.) Chamber of Commerce earlier this month.

The Chamber’s selection was based on Peter’s dedication and exemplary leadership in the business community. From the time Peter joined VCB as its CEO in 1994, the bank has grown from two branches with $54 million in assets to what is now Northern Virginia’s largest community bank with more than $2.9 billion in assets, 28 branches, a residential mortgage lending office and a wealth management services department. A May 2010 article in the Washington Business Journal chronicles the way that the bank, under Peter’s leadership, rallied after the sustaining major losses in the real estate collapse. Peter joins a distinguished list of honored business leaders since the awards program began in 1994.

Peter, who has more than 37 years of banking experience in the Washington Metropolitan Area, completed banking programs at the Stonier Graduate School of Banking at Rutgers University and the American Bankers’ Association National and Graduate Compliance Schools.