Bailout Bank Bio: Community Bankers Trust

May 14, 2009 | 2 min read | Print Article

Community Bankers Trust Corporation, formerly Community Bankers Acquisition Corp., is a bank holding company and a financial holding company. It has two wholly owned banking subsidiaries: TransCommunity Bank, N.A. with operating divisions, Bank of Powhatan, Bank of Goochland, Bank of Louisa and Bank of Rockbridge located northwest of Richmond, Virginia, and Bank of Essex, which operates through seven branch locations located northeast of Richmond, Virginia. Effective May 31, 2008, Community Bankers Trust Corporation, TransCommunity Financial Corporation (TFC) and BOE Financial Services of Virginia, Inc. (BOE) announced the closing of the merger between the Company and TFC, and the merger between the Company and BOE. Pursuant to the merger TFC and BOE merged with and into the Company. Community Bankers Trust Corporation was founded in 2005 and is headquartered in Glen Allen, Virginia.

In December the company announced that it would participate in the Treasury Department’s Capital Purchase Program. Under the program Community Bankers received $17.7 million in exchange for preferred stock.

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Bailout Bank Bio: Community Bankers Trust


Federal Equity Investment	$17.68 million
Total Revenue	$1.944 million
Net Income	$1.105 million
Number of Employees	Unknown
Corporate Headquarters	Glen Allen, Virginia
Business Sector	Bank
Officers and Directors	Longest, George, President, Chief Executive Officer, Director Putnam, Eugene, Chairman of the Board Other Officers and Directors
Corporate Website	https://www.cbtrustcorp.com
Executive Compensation	Unable to locate