Select Bank’s Executive Leadership Team is a diverse and dynamic group of professionals who embody the values of accountability, innovation, and growth. Each leader brings unique insights, experience, and a commitment to excellence, working collectively to drive the ongoing success of Select Bank. Together, they foster a culture of collaboration and strategic leadership, ensuring the bank is well-positioned to meet the needs of our customers, communities, and shareholders.
Focused on building lasting relationships and supporting sustainable growth, the team remains dedicated to advancing Select Bank’s mission of providing exceptional banking services while upholding the values that define us as a trusted community partner.
Sherri A. Sackett is driven by a relentless pursuit of excellence, Sackett is a visionary executive known for combining exceptional leadership with a passion for creating impactful change. With a focus on cultivating high-performing teams and achieving outstanding results, Sackett is a catalyst for innovation and success as the CEO of Select Bank.
Sackett began her financial career in commercial real estate. As a founding member of Select Bank, she has extensive experience across all areas of banking, having previously served as COO. Sackett’s comprehensive background includes commercial lending, retail, and market development. With over 20 years in the industry, Sackett established two de novo banks by organizing capital raises and obtaining necessary regulatory approvals. Sackett’s work in continued efforts to raise capital has been critical in supporting the overall success of Select Bank.
Sackett’s approach to leadership is adaptable and flexible, which leverages the banks’ success in this fast-paced and ever-changing environment. Her drive to heed challenges is fundamental in her ability to overcome obstacles and stay focused on delivering the Select Bank vision. Sackett embodies an emotional intelligence that allows her to interact and empathize with her team and customers in a meaningful way. Her approach inspires and motivates her team to work alongside her to achieve success.
Grounded, tactical, and hungry for knowledge, Sackett possesses a dynamic intellect that fuels a drive for continuous learning and growth. This forward-thinking acumen positions Sackett as a force for progress and evolution within the executive landscape.
Sackett holds a degree from the University of North Carolina and graduated from both the Virginia School of Bank Management at the University of Virginia and the Graduate School of Banking at Louisiana State University.
Sackett has extensive experience serving both local and nationally recognized boards. Sackett currently serves on the board of the Virginia Bankers Association and its Executive Committee, the Board of Trustees for the Graduate School of Banking at Louisiana State University and serves as VP of the Executive Committee, the board of directors for Select Bank and the Select Bank Financial Corporation. Sackett also manages the PPT Scholarship Foundation.
Sackett resides in Lynchburg, Virginia with her husband, two daughters, and dogs. She has a great appreciation for hunting, fishing, tennis, and all things outdoors.
T. Clay Davis is President and Chief Strategy Officer of Select Bank. As Chief Strategy Officer, he also serves on the bank’s board of directors. Clay was a member of the organizing team for Select Bank and oversaw raising over $14MM in capital over a 99-day campaign. During that time, he developed and managed the procurement of contracted core, financial, and ancillary systems for the bank startup.
After graduating from Virginia Tech, Clay received his Masters of Banking from Louisiana State University. He also graduated from the Advanced School of Bank Management at the University of Maryland and the Graduate School of Bank Investments & Financial Management with the University of South Carolina. In addition, Clay received a Darden Executive Education from the University of Virginia in Design Thinking and, completed the Smeal College of Business of Penn State Executive Program in Strategic Leadership.
Clay began his career in finance as Director of Finance and Marketing with Haller Clock Co. of America. He expanded their marketing and sales operation, increasing revenues and implementing a network of manufacturer sales representatives operating throughout North America, Australia, and Europe. He rose to president of Haller Clock and continued to expand their international reach. After his tenure as Chief Financial Officer for Old Dominion Box Company, he transitioned to the banking industry as Chief Financial Officer, Vice President, and Information Technology Officer for Community First Bank, until the organization and de novo of Select Bank in 2006.
With a passion to educate the next generation of community bankers, Clay currently serves as a fellow for the Virginia Bank Management School at the University of Virginia’s Darden School of Business. Additionally, Clay also services on the board of directors for Community Bankers’ Bank.
Clay’s involvement in the community is widespread. He has served on the board of directors for Goode Ruritan, BB&T, Old Dominion Box Company, New Land Industries, Marching Virginians Alumni Association, Blue Ridge Educational Council, and the Lynchburg City Superintendents’ Advisory Council.
Clay resides on his farm in Goode, Virginia, with his loving wife; together, they enjoy cooking, technology, and travel. Clay’s visionary ability to analyze, extract, apply, and lead with technology and global influence is a remarkable asset to the bank.
Michael A. Forren is the Senior Market President at Select Bank in Lynchburg, VA. With over 40 years of distinguished experience in the banking and financial industry, Forren’s expertise spans National, Regional, and Community Banking, providing him with a comprehensive and balanced perspective.
At Select Bank, Forren is instrumental in developing, managing, and expanding the commercial loan and deposit portfolio across Central Virginia. His role is crucial in driving the bank’s financial growth and stability. Michael’s in-depth understanding of the region’s real estate market dynamics enables him to apply valuable insights to the underwriting process, ensuring well-informed decisions that reflect current market conditions.
His career is characterized by strong leadership and a commitment to exceptional client service, underscoring his dedication to advancing the success of Select Bank and its clients through strategic financial management and effective interdepartmental collaboration.
Michael, his wife Cindy, and their three children reside in Lynchburg, VA where they enjoy hunting, travel, golf, the outdoors, family, and all things Va Tech!
Over his career Michael has served on a multitude of Boards and currently resides on the Home Builders of Central Virginia, the Lynchburg Business Development Center, and the Colonial Officials Association. Michael is a graduate of Virginia Tech and attended the University of Virginia School of Bank Management.