Panax Corp. has named David A. Schansberg publisher of its Globe and Advertiser newspapers which are based in Fairfax.

Other managerial changes in the Virginia and Maryland weekly publications, which Panax bought in May 1977, include: Gary Farrugia, executive editor; Dan Chovanec, advertising director and Robert Riddell, circulation director.

Farrugia said that numerous changes in the forma% t of the papers are being considered. "For the time being we're going to stay a weekly and improve on what we're got," he said.

The board of directors of United Virginia Bankshares Inc. has elected Douglas H. Ludeman president and a director of the $2.9 billion corporation. He previously served as executive vice president.

Filling Ludeman's position as executive vice president will be H. L. Baynes, who has been senior vice president in charge of the operations group and will continue to head that division.

Ludeman joined United Virginia Bank in 1965 as assistant vice president in the investment area. In 1972 he was elected executive vice president-commercial of UVBank Richmond and became vice president of the holding company in 1976.

Baynes began his banking career in 1959 with State Planters Bamk of Commerce and Trusts, the forerunner of United Virginia Bank. He becane senior vice president in UVBankshares' services group in 1973 and was elected chief of all operations activities in 1976.

The American Bankers Association has named John T. Long, 111, as assitant treasurer of Suburban Trust Bank, as Young Banker of the Year.

Long, who manages Surburban's Towson office, competed for the title with candidates from banks throughout Maryland with deposits of more than $75 million.

Long joined Suburdan in 1974 and was appointed assistant treasurer in 1977.

Paul R. Holland was elected second vice president of United Services Life Insurance CO. He joined the company in 1975 after 30 years of service in the U.S. Army.

George M. Ferris, JR., president and chief executive officer of Ferris and CO. Inc., has been elected to the board of Penn-dixie Industries Inc., a diversified steel, cement and construction company based in New York City.

Keith A. Harding, Jr., has been promoted to vice president at The National Bank of Washington, it was announced last week.

Howard W. Volin has joined Neotec Instruments Inc., of Silver Spring as a vice president.

Prior to his appointment, Volin was national sales manager for the environmental and process instruments division of the Bendix Corp.

American Security Bank has named a top officer of Citibank in New York to became head of the Washington bank's trust department.

Parker E. Nielson, senior vice president and general manager of the personal manager of the personal financial management division at Citibank will succeed Joseph L. Whyte as chief officer of the area's largest trust operation when Whyte retires on Sept.30.

Whyte currently is a vice chairman of American Security Bank. Nielson was named senior vice president and trust officer. He began his banking career with Citibank in 1951 and is one of several former Citibank officers to move into leadership positions at the D.C. bank in recent years.

In another development, marriott Corp. executive G. Michael Hostage has been named to the board of directors of American Security Bank and its parent company, American Security Corp. Hostage is executive vice president of Marriott, in charge of consumer-based businesses.