Board of Directors

William B. Cashion - Chairman of the Board

Mr. Cashion previously served as a director of a very successful Federally insured bank in Alabama over a twenty four year period. He has been a business owner and operator for over 63 years. One of his current undertakings is the development of two large real estate sub-divisions.

Michael Burgamy - Director

Mr. Burgamy is a private investor since 2001. Currently, he is the Lead Director of CoBiz Financial, Inc., a $3.4 billion-in-assets financial holding company headquartered in Denver, Colorado. Prior to that he was Chief Financial Officer of Colibri Holding Corp., a manufacturer of outdoor living products located in Denver, Colorado from 1997 to 2001.

James E. Crites - Director, President and CEO

Formerly, Senior Vice President/Eastern Caribbean Region Credit Officer of FirstBank Puerto Rico and prior to that, President and Chief Executive Officer of the First Virgin Islands Federal Savings Bank from 1992 to 2000. Mr. Crites was previously a Vice President with Chase Manhattan Bank and a managing agent with the Resolution Trust Corporation.

Alda Monsanto - Director

Ms. Monsanto is retired. She is currently Director of the Virgin Islands Capital Resources, Inc. and the Second Vice President of the Community Foundation of the Virgin Islands. Prior to that Ms. Monsanto served as Chief Labor Negotiator for the United States Virgin Islands Government from 1983 to 1991, Training Coordinator for Career Exploration Programs for the St. Thomas/St. John Chamber of Commerce from 1981 to 1983, and Executive Director of the Virgin Islands Housing Authority from 1971 to 1980.

Merry Nash - Director

Ms. Nash is former owner and president of Islandia Real Estate, one of St. John’s leading full service real estate companies. She is now senior broker for the firm, with 20 years’ experience as a realtor armed with a keen knowledge of the industry and the Bank's marketplace having called St. John home for more than 45 years. Merry is an avid sailor and has served two terms as commodore of the St. John Yacht Club and is a former member of the St. Thomas-St. John Chamber of Commerce.

Manuel Gutierrez - Director

Manuel Gutierrez, Jr. was formerly the President of Centerline Car Rentals, Inc. which he founded 30 years ago.  Mr. Gutierrez’s commitment to serving his community has led him to hold positions on several boards including SailVI, Virgin Islands Port Authority, Bank of St. Croix, St. Croix Foundation for Community Development, Virgin Islands Capital Resources, Virgin Islands Auto Rental Association, Virgin Islands Auto Rental Association-Self Insurance Trust Fund, St. Croix Chamber of Commerce and St. Croix Fuel Retailers Association.

Beverly Petrus - Director

Beverly Drew-Petrus was born and raised on St. Thomas, US Virgin Islands. She is a graduate of Charlotte Amalie High School Class of 1990. Beverly obtained her Bachelor's Degree in Business Administration with a concentration in International Travel & Tourism from Webber College in Babson Park, Florida. She has worked in the hospitality industry as a Convention Coordinator at the Marriott Frenchman's Reef; Director of Marketing for the Hard Rock Cafe St. Thomas, VI. Beverly also served as the Marketing Director for the USVI Department of Tourism.

Beverly shares 24 years of marriage with her best friend & business partner Allie-Allison Petrus. They have two daughters Ki-Yanna & Ari-yanna Petrus. Currently, Beverly serves as the Vice President for their family owned businesses Subway, PG Gas stations, Petrus Plaza St. Thomas, Sbarro Restaurant, PG Gas station & Car Wash BVI, as well as Petrus Plaza BVI.

James Benton - Director

Mr. Benton is the founder and President of J. Benton Construction, LLC and past President of Benton Construction Company, Inc. that has been building in the Virgin Islands since the late 1980's.  He has worked on many notable projects throughout the islands, including the Wyndham Margaritaville Vacation Club, Captain Morgan Rum Distillery, Divi Carina Bay Resort & Casino, The Westin St. John Resort and the Viceroy Anguilla.  In addition to private sector work, he has completed numerous projects for the VI Port Authority, WAPA, viNGN, GERS, Dept. of Public Works, VIPD and the National Guard.  He is also the Vice-Chairman of the Board of the Good Hope Country Day School and chair of its Finance Committee and a board member of the Virgin Islands Government Board of Land Use Appeals.  Mr. Benton obtained a B.S. in Construction Management from Wentworth Institute of Technology in Boston and is currently enrolled in an Advanced Management Development Program in Real Estate at Harvard.      

Manhar Desai – Director

Through experiences gained during a forty-year career in the industry, Mr. Desai is one of the leading insurance experts in the USVI. Following graduation from Bombay University in 1971, with a Bachelors of Commerce, Mr. Desai held a wide range of positions with New India Insurance in both of their Mumbai and London offices. During his 24 years with the company, he was involved in administration, marketing, underwriting, and rose to management positions overseeing as many as one hundred staff members. For 17 years, he served as the president of Topa Insurance Services, Inc., substantially expanding the company’s insurance volume both in the USVI as well as in other Caribbean islands.

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