UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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Securities registered pursuant to Section 12(b) of the Act:
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
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If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On December 9, 2020, Patricia M. Davis, Executive Vice President and Chief Credit Officer of Essex Bank (the “Bank”), a wholly owned subsidiary of Community Bankers Trust Corporation (the “Company”), notified the Bank of her resignation effective February 28, 2021. She joined the Bank in 2009 and has served as its Chief Credit Officer since 2014. Ms. Davis is a “named executive officer” in the Company’s Proxy Statement for its 2020 Annual Meeting of Shareholders.
The Bank issued a press release reporting this management change on December 15, 2020. The press release is being filed as Exhibit 99.1 to this report.
Item 9.01 | Financial Statements and Exhibits. |
(d) | Exhibits. |
Exhibit No. | Description |
99.1 | Press release issued December 15, 2020 |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
COMMUNITY BANKERS TRUST CORPORATION | ||
(Registrant) | ||
Date: December 15, 2020 | By: | /s/ John M. Oakey, III |
John M. Oakey, III | ||
Executive Vice President, General Counsel and Secretary |
Exhibit 99.1
Essex Bank Announces Resignation of Chief Credit Officer
December 15, 2020 (Richmond, Virginia) – Essex Bank, the banking subsidiary of Community Bankers Trust Corporation (NASDAQ: ESXB), announced today that Patricia M. Davis, the Bank’s Executive Vice President and Chief Credit Officer, will resign from the Bank effective February 28, 2021. Her decision to resign is due to a relocation outside of the Bank’s market area for family reasons.
Rex L. Smith, III, President and Chief Executive Officer of Community Bankers Trust Corporation and Essex Bank, stated, “On behalf of our Board of Directors and the management team, we are very grateful for everything that Patti has improved in our credit function, especially over the past six years. Her leadership has been integral in enhancing our credit structure and otherwise maintaining our high standards for safety and soundness. Patti has also overseen the Bank’s handling of troubled borrowers during this year’s pandemic, and we find ourselves in as good a position as possible through the strong customer relationships on which we pride ourselves. Patti has created a strong team that has put in place a credit culture that will allow for an easy transition to her successor.”
The Bank will appoint a new Chief Credit Officer following internal and external executive searches.
* * * * *
About Community Bankers Trust Corporation and Essex Bank
Community Bankers Trust Corporation is the holding company for Essex Bank, a Virginia state bank with 24 full-service offices, 18 of which are in Virginia and six of which are in Maryland. The Bank also operates two loan production offices.
Additional information on the Bank is available on the Bank’s website at www.essexbank.com. For information on Community Bankers Trust Corporation, please visit its website at www.cbtrustcorp.com.
Forward-Looking Statements
This press release contains forward-looking statements about the Company’s goals and objectives. These statements are made on the basis of the Company’s views and assumptions as of this time, and the Company undertakes no obligation to update these statements unless required by law. These statements are not a guarantee of future performance, and actual events or results may differ materially from these statements. Investors should consult the periodic and other reports that the Company files from time to time with the Securities and Exchange Commission (including the information set forth under the caption “Risk Factors” in each of the Company’s Annual Report on Form 10-K for the year ended December 31, 2019 and its Quarterly Report on Form 10-Q for the period ended September 30, 2020) for information about certain factors, risks and uncertainties that could cause such differences. Copies of these filings may be obtained by visiting the Company’s website at www.cbtrustcorp.com.
Contact: John M. Oakey, III
Community Bankers Trust Corporation
804-934-9999
Cover |
Dec. 09, 2020 |
---|---|
Cover [Abstract] | |
Document Type | 8-K |
Amendment Flag | false |
Document Period End Date | Dec. 09, 2020 |
Entity File Number | 001-32590 |
Entity Registrant Name | COMMUNITY BANKERS TRUST CORPORATION |
Entity Central Index Key | 0001323648 |
Entity Tax Identification Number | 20-2652949 |
Entity Incorporation, State or Country Code | VA |
Entity Address, Address Line One | 9954 Mayland Drive |
Entity Address, Address Line Two | Suite 2100 |
Entity Address, City or Town | Richmond |
Entity Address, State or Province | VA |
Entity Address, Postal Zip Code | 23233 |
City Area Code | 804 |
Local Phone Number | 934-9999 |
Written Communications | false |
Soliciting Material | false |
Pre-commencement Tender Offer | false |
Pre-commencement Issuer Tender Offer | false |
Title of 12(b) Security | Common Stock, $0.01 par value |
Trading Symbol | ESXB |
Security Exchange Name | NASDAQ |
Entity Emerging Growth Company | false |
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