Essex Bank, the banking subsidiary of Community Bankers Trust Corporation (NASDAQ: ESXB) announced that its Executive Vice President and Chief Credit Officer, W. Thomas Townsend will retire on June 30. Patricia M. Vogel, currently the bank’s Senior Vice President and Senior Credit Officer, will assume the post on July 1.
Mr. Townsend has been serving the Bank in his current position since January 2011. He has been working in the banking industry for 42 years. He served 20 years in the Federal Reserve Bank of Richmond and contributed 22 years as a commercial banker.
“On behalf of our Board of Directors and the management team, we are very grateful for all of Tom’s efforts during what were trying times. His leadership paved the way for a much quicker return to safety and soundness for our organization than anyone expected.” stated Rex L. Smith, III, President and Chief Executive Officer of Community Bankers Trust Corporation and Essex Bank in a release. “Given Patti’s close collaboration with Tom during our turnaround, her promotion to the Chief Credit Officer position will ensure a smooth transition and a continuation of everything that we have done to return to a strong competitive position in our markets. Patti’s contribution to our efforts will keep us excited about the future.”
Patricia M. Vogel joined the bank as a Loan Review Officer in 2009 and was promoted to the current position in January 2011. She has been serving the banking industry for 25 years with 14 years in credit risk management. She also worked at executive management level at First Charter Bank in Charlotte.
About Essex Bank:
Essex Bank, a growing small business, provides all the banking services to consumers in Virginia and Maryland. Its new headquarters is located in Richmond, Virginia. More information is available on www.essexbank.com.