Bailout Bank Bio: Centra Financial Holdings

May 13, 2009 | 2 min read | Print Article

Update

The company recently announced that it had re-purchased its preferred stock from the Treasury Department. Centra Financial paid $15 million to reclaim the stock.

Updated 6-5-09

Centra Financial Holdings, Inc. operates as the holding company for Centra Bank, Inc. that provides community banking products and services in the United States. It primarily engages in generating deposits and originating loans. It operates offices in the Suncrest, Waterfront, Cheat Lake, and Sabraton areas of Morgantown; the Williamsport Pike, Foxcroft Avenue, and South Berkeley areas of Martinsburg, West Virginia; the Uniontown, Smithfield, Fairchance, and Point Marion areas of Fayette County, Pennsylvania; and the Pennsylvania Avenue and Kenley Square areas of Hagerstown, Maryland. The company was founded in 1999 and is based in Morgantown, West Virginia.

On January 16, 2009, the company participated in the Treasury Department’s Capital Purchase Program and received $15 million in exchange for preferred stock. On March 31, 2009, the company repurchased all of its shares from Treasury.

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Bailout Bank Bio: Centra Financial Holdings


Federal Equity Investment	$15 million
Total Revenue	Unknown
Net Income	Unknown
Number of Employees	Unknown
Corporate Headquarters	Morgantown, West Virginia
Business Sector	Private Bank
Officers and Directors	Douglas J. Leech CPA, Executive Chairman, Chief Executive Officer, President Other Officers and Directors
Corporate Website	https://www.centrabank.com
Executive Compensation	Centra Financial Holdings