Hunter E. Craig received a B.A. in Economics from Hampden-Sydney College in 1984. In 1998, he was a cofounder of Virginia National Bank and has served on its Board of Directors since its inception. Additionally, he created Hunter E. Craig Co., a residential, commercial and industrial property investment company. Craig currently resides in Charlottesville, Virginia, where he is the President of Hunter E. Craig Co.

From 1994 to 1996, Craig served on the board of directors of RF&P Corporation, a real estate company. In addition, Craig served on the board of directors of the University of Virginia Foundation from 1995 to 2003. He was a member of the Commonwealth of Virginia State Water Control Board from 1995 to 2003, and served as its chairman from 2001 to 2003. He served on the Investment Advisory Committee of the Virginia Retirement System from 1998 to 2002, and was appointed Vice-Chairman in 2001. He served as a member of the University of Virginia Board of Visitors from 2010 to 2014. He served on the board of directors of the Hovey S. Dabney Foundation for Elders and the board of directors of Virginia Blood Services from 2002 until 2005. He was a member of the board of directors and treasurer of the Thomas Jefferson Regional Economic Development Council from 1995 to 2002.