(Midlothian, VA; August 28, 2019) The Board of Directors of Community Bankers’ Bank (CBB) announced that after serving as interim President and CEO for ten months G. William “Billy” Beale has been elected as President and CEO of CBB and will serve on CBB’s Board of Directors effective September 1, 2019.
“I am pleased to be able to continue the work began in November 2018 and to build on the improvement realized over the first half on 2019. CBB has returned to profitability. We have increased our number of strategic partners and we are experiencing an increase in bank customers. I look forward to continuing to work with the Board in the best interest of our shareholders.” stated G. William Beale.
Earl W. Worley, Jr., Chair of the Board of Directors stated, “The Board of Directors is extremely pleased that Mr. Beale has agreed to accept the Presidency. He and his team have exceeded expectations over the last ten months. With Billy’s leadership skills and a focused, results driven, strategic direction, Community Bankers’ Bank will continue to be successful as we move forward in the future.”
About Community Bankers’ Bank
Community Bankers’ Bank is a state-chartered bankers’ bank that is owned and directed by independent community banks in the Fifth Federal Reserve District. It gives community banks unique and outstanding value by the economies of scale it creates as a bank-cooperative…and always as a bank partner, never a competitor. It provides many of the products and services that banks need to operate and excel. Its competitive pricing and superior service make it a key resource for community banks.
Community Bankers’ Bank, G. William Beale, President and CEO 804-256-0516; moc.enilnobbc@elaebb