DANVILLE, Va., July 18 /PRNewswire-FirstCall/ -- American National Bank & Trust Company (Nasdaq: AMNB) announced today the promotion of three executives to newly-created operating positions. The organizational changes and promotions were approved by the Bank's Board of Directors at its regular monthly meeting on July 15, 2008.
Jeffrey V. Haley was named President of Trust and Financial Services. In this new position, he will be the executive in charge of the Trust and Investment Services division, the investor and brokerage group, insurance, secondary mortgage lending and operations, and the Bank's relationship management program. The bank has over $450 million of trust and investments assets under management. Formerly Executive Vice President and Chief Operating Officer, Haley will remain as an Executive Vice President of the Bank.
S. Cabell Dudley, Jr. will serve as Executive Vice President and Chief Lending Officer. The Bank's Regional Executives will report to him and he will have overall responsibility for commercial and retail lending. He has been serving as Senior Vice President for Commercial Banking in the Bank's Lynchburg Region.
Dabney T.P. (Dexter) Gilliam, Jr. has been named Executive Vice President and Chief Administrative Officer. In that role, he will have responsibility for branch administration and development, marketing, human resources and facilities management. He was previously a Senior Vice President in the Danville office.
Neal A. Petrovich, Executive Vice President and Chief Financial Officer, and R. Helm Dobbins, Executive Vice President and Chief Credit Officer, will remain in their current roles. All five Executive Vice Presidents will report to Charles H. Majors, President and Chief Executive Officer, and will join him as members of the Bank's Executive Management Group.
"I am pleased that these executives will be assuming their new roles," stated Majors. "This new organization will permit us to strengthen our focus as our customers' relationship bank. A native of Danville, Jeff Haley is heavily involved in community activities in the Danville region. He is the right person to assume this important new role as head of Trust and Financial Services. Cabell Dudley and Dexter Gilliam bring vast experience to their new responsibilities. I am confident that this new structure will be positive for our bank."
American National Bankshares Inc. is a bank holding company with assets of $785 million. Headquartered in Danville, Virginia, it is the holding company of American National Bank and Trust Company, a community bank serving Southern and Central Virginia and the northern portion of Central North Carolina with twenty banking offices and a loan production office. The Bank also manages over $450 million of assets in its Trust and Investment Services Division.
American National Bank and Trust Company provides a full array of financial products and services, including commercial, mortgage, and consumer banking; trust and investment services; and insurance. Services are also provided through twenty-three ATMs, "AmeriLink" Internet banking, and 24-hour "Access American" phone banking. Additional information is available on the Bank's website at http://www.amnb.com. The shares of American National Bankshares Inc. are traded on the Nasdaq Global Select Market under the symbol "AMNB."
This press release may contain "forward-looking statements," within the meaning of federal securities laws that involve significant risks and uncertainties. Statements herein are based on certain assumptions and analyses by the Corporation and are factors it believes are appropriate in the circumstances. Actual results could differ materially from those contained in or implied by such statements for a variety of reasons including, but not limited to: changes in interest rates; changes in accounting principles, policies, or guidelines; significant changes in the economic scenario; significant changes in regulatory requirements; and significant changes in securities markets. Consequently, all forward-looking statements made herein are qualified by these cautionary statements and the cautionary language in the Corporation's most recent Form 10-K report and other documents filed with the Securities and Exchange Commission. American National Bankshares Inc. does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.
SOURCE American National Bank & Trust Company
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