Essex Bank, the banking subsidiary of Community Bankers Trust Corporation (NASDAQ: ESXB), announced today that it has opened a new branch at 3638 Old Forest Road in Lynchburg, Virginia. The Bank had previously opened its first branch in Lynchburg at the intersection of Timberlake and Waterlick Roads in June 2017. The Bank also maintains a loan production office in downtown Lynchburg.
Rex L. Smith, III, President and Chief Executive Officer, commented, "Lynchburg is one of the most vibrant and growing areas in our footprint, and we are excited to have opened a second branch so quickly after we entered the retail banking market there in June. Our Timberlake office has exceeded our expectations, and we look forward to the Old Forest Road office's performing similarly. We continue to be very active in identifying locations that best fit the needs of our current and future customers. As with Lynchburg, we will continue to look for opportunities to strengthen our presence in our existing markets as well as new markets."
The Bank purchased both the land and a 2,540 square-foot retail bank office, which had been closed by another financial institution, at the Old Forest Road location
About Community Bankers Trust Corporation and Essex Bank
Community Bankers Trust Corporation is the holding company for Essex Bank, a Virginia state bank with 26 full-service offices, 20 of which are in Virginia and six of which are in Maryland. The Bank also operates one loan production office in Virginia.