GLEN ALLEN, Va., Feb. 28, 2013 /PRNewswire/ -- Community Bankers
Trust Corporation, the holding company for Essex Bank (the
"Company") (NYSE MKT: BTC), announced today that it has been
approved for listing on the NASDAQ Capital Market under the symbol
"ESXB". The Company expects that its common stock will begin
trading on the NASDAQ Capital Market on March 14, 2013. The Company's common stock
will continue to trade on the NYSE MKT under the current symbol
"BTC" until the market close on March 13,
2013.
(Logo: http://photos.prnewswire.com/prnh/20120727/PH46884LOGO
)
Rex L. Smith, III, President and
Chief Executive Officer of the Company and the Bank, commented, "We
are pleased to announce our listing on the NASDAQ Capital
Market. We believe that the move to NASDAQ will improve the
visibility of our company, enhance trading liquidity in our shares
and provide us with greater exposure to a variety of
investors."
"NASDAQ is pleased to welcome Community Bankers Trust to our
family of listed companies, which includes 87 percent of regional
and community banks listed on US markets," said Bob McCooey, Senior Vice President, NASDAQ
OMX. "We look forward to our partnership with Essex Bank and
to supporting the company and its stockholders in the years to
come."
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. The Company also operates two loan production
offices. Additional information is available on the Company's
website at www.cbtrustcorp.com.
Forward-Looking Statements
This release contains forward-looking statements, within the
meaning of the Private Securities Litigation Reform Act of 1995,
that are subject to risks and uncertainties. These forward-looking
statements include, without limitation, statements with respect to
the Company's operations and goals. Actual results may differ
materially from those included in the forward-looking statements
due to a number of factors, including, without limitation, the
effects of and changes in the following: the quality or composition
of the Company's loan or investment portfolios, including
collateral values and the repayment abilities of borrowers and
issuers; assumptions that underlie the Company's allowance for loan
losses; general economic and market conditions, either nationally
or in the Company's market areas; the ability of the Company
to comply with regulatory actions, and the costs associated with
doing so; the interest rate environment; competitive pressures
among banks and financial institutions or from companies outside
the banking industry; real estate values; the demand for deposit,
loan, and investment products and other financial services; the
demand, development and acceptance of new products and services;
the Company's compliance with, and the timing of future
reimbursements from the FDIC to the Company under, shared loss
agreements with the FDIC; assumptions and estimates that underlie
the accounting for loan pools under the shared loss agreements;
consumer profiles and spending and savings habits; the securities
and credit markets; costs associated with the integration of
banking and other internal operations; management's evaluation of
goodwill and other assets on a periodic basis, and any resulting
impairment charges, under applicable accounting standards; the
soundness of other financial institutions with which the Company
does business; inflation; technology; and legislative and
regulatory requirements. Many of these factors and additional risks
and uncertainties are described in the Company's Annual Report on
Form 10-K for the year ended December 31, 2011 and other
reports filed from time to time by the Company with the Securities
and Exchange Commission. This press release speaks only as of its
date, and the Company disclaims any duty to update the information
in it.
SOURCE Community Bankers Trust Corporation