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Essex Bank Reveals Prepare for Branches at Richmond's West Broad Industry and also in Cumberland, Virginia

 

Rex L. Smith, III, President and also Chief Executive Officer, commented, "We are really thrilled to sign up with the West Broad Marketplace advancement. There are a variety of areas in the Richmond city that are ripe for development, specifically with the current as well as future enhancements of top-line trademark name stores.

 

We have actually been really energetic in determining those areas that most ideal fit the requirements of our existing and also future clients, and also the ever-increasing characteristics of the Short Pump town make this location the best option."

 

Essex Bank, the financial subsidiary of Community Bankers Trust Corporation (NASDAQ: ESXB), revealed today prepare for 2 brand-new branches in its main Virginia market, situated at West Broad Marketplace in the western component of cosmopolitan Richmond and also in Cumberland, Virginia.

 

The opening of the branch in West Broad Marketplace undergoes the invoice of suitable regulative authorizations. The Bank has actually gotten these authorizations for the Cumberland branch.

 

Mr. Smith included, "The Cumberland location is likewise an excellent possibility for us. Our company believes that the locals and also small companies of the region are underserved, as well as the location is an all-natural expansion of our branches in Powhatan County to the eastern. We anticipate offering our high criteria of client service as well as top quality items to the area."

 

The Bank prepares to open up a branch in West Broad Marketplace in the 2nd quarter of 2017. The Bank has actually gotten in right into a 20-year ground lease that covers around 5,000 square feet, and also the Bank will certainly gain a 2,000 square-foot branch and also an adjacent 3,000 square-foot structure for a to be identified subtenant.

 

The Bank likewise intends to open up a branch in Cumberland on August 15, 2016. The Bank acquired both the land and also a 3,300 square-foot retail bank office that had actually been just recently nearby additional banks. The branch lies on Anderson Highway (Route 60) simply west of the Cumberland County Courthouse.