Essex Bank Announces Proposed New Branch Location in Annapolis, Maryland

GLEN ALLEN, Va., May 2, 2013 /PRNewswire/ -- Essex Bank, the banking subsidiary of Community Bankers Trust Corporation (NASDAQ: ESXB), announced today that it has signed an agreement to purchase a full service branch located at 1835 West Street in Annapolis, Maryland.

Rex L. Smith, III, President and Chief Executive Officer of the Bank and its holding company, stated, "I am very pleased to be planning our first branch expansion in over four years.  We are excited about the growth potential in Maryland and see this as a great start to augmenting our existing branch network."

The branch site is conveniently located on the corner of West Street and Chinquapin Round Road.  The purchase is subject to regulatory approvals and is pending the completion of a due-diligence period under the purchase agreement.  If approved, the new Annapolis branch would be a full service banking center complete with ATM, and would be slated to open in late summer of this year. 

Mr. Smith added, "Essex Bank is committed to becoming one of the best banking franchises in the Mid-Atlantic.  We are excited for the opportunity to grow our Maryland retail franchise and believe this is just the beginning of more good announcements to come."

About Community Bankers Trust Corporation and Essex Bank

Community Bankers Trust Corporation 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 Bank also operates two loan production offices. Additional information on the Bank is available on the Bank's website at www.essexbank.com.  For information on Community Bankers Trust Corporation, please visit its 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, 2012 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

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