UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): May 15, 2012
COMMUNITY BANKERS TRUST CORPORATION
(Exact name of registrant as specified in its charter)
Delaware | 001-32590 | 20-2652949 |
(State or other jurisdiction | (Commission | (IRS Employer |
of incorporation) | File Number) | Identification No.) |
4235 Innslake Drive, Suite 200 Glen Allen, Virginia (Address of principal executive offices) |
23060 (Zip Code) |
Registrant’s telephone number, including area code: (804) 934-9999
Not Applicable
(Former name or former address, if changed since last report)
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:
¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 8.01 | Other Events. |
On May 15, 2012, Community Bankers Trust Corporation (the “Company”) issued a press release reporting the payment of a dividend with respect to its Fixed Rate Cumulative Perpetual Preferred Stock, Series A, and the current arrearage with respect to dividends that the Company has previously deferred. The press release is being filed as Exhibit 99.1 to this report and is incorporated by reference into this Item 8.01.
Item 9.01 | Financial Statements and Exhibits. |
(d) | Exhibits. |
Exhibit No. | Description | ||
99.1 | Earnings release issued May 15, 2012 |
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: May 15, 2012 | By: | /s/ John M. Oakey, III |
John M. Oakey, III | ||
General Counsel and Secretary |
EXHIBIT INDEX
Exhibit No. | Description | |
99.1 | Press release issued May 15, 2012 |
Community Bankers Trust Corporation Announces Payment
of Dividend on TARP Preferred Stock
May 15, 2012 (Glen Allen, Virginia) – Community Bankers Trust Corporation, the holding company for Essex Bank (the “Company”) (NYSE Amex: BTC), announced today that it will pay $442,000 in dividends with respect to its Fixed Rate Cumulative Perpetual Preferred Stock, Series A. The Company issued the Preferred Stock to the United States Department of the Treasury in connection with the Company’s participation in the Treasury’s TARP Capital Purchase Program in December 2008. Each regular quarterly cash dividend on the Preferred Stock is $221,000, and the $442,000 amount represents two such payments, consisting of the payment that is due on May 15, 2012 and a catch-up payment for one of the six dividends that the Company had previously deferred. The Company will make the payment on May 15, 2012.
Following the payment, the Company will have five quarterly dividend payments with respect to the Preferred Stock that remain accrued and unpaid. The aggregate amount of such payments is $1,105,000.
The payment follows the Company’s receipt of regulatory approval to pay the dividend described above and all outstanding interest on the dividend payments that the Company has deferred through May 15, 2012. The Company also received regulatory approval to pay the interest payment on its trust preferred securities that will be due June 30, 2012.
The Company’s Board of Directors had previously approved all of these payments, subject to the approval of the Company’s federal and state regulators as required by the formal written agreement that has been in place since April 2011.
* * * * *
About Community Bankers Trust Corporation
The Company is the holding company for Essex Bank, a Virginia state bank with 24 full-service offices, 13 of which are in Virginia, seven of which are in Maryland and four of which are in Georgia. Additional information is available on the Company’s website at www.cbtrustcorp.com.
Contact: John M. Oakey, III
Executive Vice President and General Counsel
Community Bankers Trust Corporation
804-934-9999