Exhibit 99.1

BAY BANKS OF VIRGINIA, INC., REPORTS FIRST QUARTER EARNINGS

Kilmarnock, VA, May 6, 2016; Bay Banks of Virginia, Inc. (OTCQB: BAYK), holding company for Bank of Lancaster and Bay Trust Company, reported earnings of $524,000 for the quarter ended March 31, 2016 compared to earnings of $381,000 for the same quarter in 2015.

“Earnings are the #1 priority for 2016 and net interest income continues to grow. Our Richmond region is now making a positive contribution to net income. Richmond loans have grown to $46 million and now make up 13% of total loans,” said Randal R. Greene, President and Chief Executive Officer.

He continued “Asset quality displayed some deterioration in the first quarter, but still remains strong. Apart from the loan fraud reported earlier this year, all of the Bank’s classified assets are tied to our Northern Neck franchise, which has never fully recovered from the last recession. Unemployment in the Northern Neck continues to be higher than other areas of the state, economic activity is low and real estate values are suppressed relative to other areas. This has resulted in continued stress for some of our Northern Neck borrowers. This is another reason Richmond is so important for us. Richmond adds diversity to our portfolio and the economic activity and opportunity in Richmond is much stronger than the Northern Neck.”

HIGHLIGHTS

Net income for the first quarter of 2016:

Asset quality:

Net interest margin:

Capital levels remained solid:

FIRST QUARTER 2016 COMPARED TO FIRST QUARTER 2015

Net Interest Income

Net interest income for the first quarter of 2016 increased $162,000, or 4.9%, compared to the first quarter of 2015. This improvement was attributed to a $449,000 increase in interest income driven primarily by loan growth, which offset the reduced yield on loans. Interest expense increased by $287,000 due to growth of money market deposit accounts and the subordinated debt issued in May 2015.

Non-Interest Income

Non-interest income for the three months ended March 31, 2016 decreased $27,000, or 3.1%, compared to the three months ended March 31, 2015. This decrease was primarily the result of a $24,000 decrease in income related to sales of loans to FNMA.

Non-Interest Expense

For the three months ended March 31, 2016 and 2015, non-interest expense totaled $3.7 million and $3.6 million, respectively. The increase of $35,000 was primarily related to an increase of $12,000 in bank franchise taxes resulting from increased equity, and $16,000 in FDIC assessments resulting from higher deposits.

BALANCE SHEET

Total assets decreased by $8.5 million, or 1.9%, to $447.8 million during the first quarter of 2016. This was primarily due to a decrease in interest bearing deposits to pay off a $5 million maturing FHLB advance, reduced deposit balances and an increase in the loan portfolio. On the liability side of the balance sheet, for the same time frame, deposits decreased by $3.2 million, or 0.9%. Capital increased by $871,000 due primarily to earnings.

ASSET QUALITY

Non-performing assets and loan charge-off levels remain comparable to our peer banks. During the first quarter of 2016, non-performing assets, excluding troubled debt restructures (TDRs), decreased by $431,000 to $7.9 million, or 1.76% of assets. Classified assets increased by $2.1 million during the same period to $13.1 million, or 30.4% of tier 1 capital plus the allowance for loan losses. Loan charge-offs totaled 0.09% of loans during the quarter, compared to 0.46 % during the prior quarter.

For additional details on the Company’s financial results, please refer to the Selected Financial Data attached.

About Bay Banks of Virginia, Inc.

Bay Banks of Virginia, Inc. is the bank holding company for Bank of Lancaster and Bay Trust Company. Founded in 1930, Bank of Lancaster is a state-chartered community bank headquartered in Kilmarnock, Virginia. With eight banking offices located throughout the Northern Neck region and in Middlesex County, and three banking offices in Richmond, Virginia, the bank serves businesses, professionals and consumers with a wide variety of financial services, including retail and commercial banking, investment services, and mortgage banking. Bay Trust Company provides management services for personal and corporate trusts, including estate planning, estate settlement and trust administration.

For further information, contact Randal R. Greene, President and Chief Executive Officer, at 800-435-1140 or inquiries@baybanks.com.

This report contains statements concerning the Company’s expectations, plans, objectives, future financial performance and other statements that are not historical facts. These statements may constitute “forward-looking statements” as defined by federal securities laws. These statements may address issues that involve estimates and assumptions made by management, risks and uncertainties, and actual results could differ materially from historical results or those anticipated by such statements. Factors that could have a material adverse effect on the operations and future prospects of the Company include, but are not limited to, changes in interest rates, general economic conditions, the legislative/regularity climate, monetary and fiscal policies of the U. S. Government, including policies of the U. S. Treasury and Federal Reserve Board, the quality or composition of the loan or investment portfolios, demand for loan products, deposit flows, competition, demand for financial services in the Company’s market area, acquisitions and dispositions, and accounting principles, polices and guidelines. These risks and uncertainties should be considered in evaluating the forward-looking statements contained herein, and readers are cautioned not to place undue reliance on such statements, which speak only as of the date they are made.