Highlands Bankshares Inc. Appoints John G. Van Meter as President and CEO, Effective from May 8, 2012
March 15, 2012 at 11:22 pm IST
Share
Board of directors of Highlands Bankshares Inc. at its meeting held March 13, 2012, has decided to combine the positions of Chairman of the board and President and CEO of the company. Upon doing so, the board appointed Mr. John G. Van Meter, the company's current Chairman of the board, to also serve as the company's President and CEO. The board and executive management have agreed that based on the board's and management's oversight at the subsidiary level, the combination of the Chairmen and CEO is economically beneficial at this time. Mr. Van Meter has served as a Highlands board member since May 1985 and has served as board member of The Grant County Bank, since 1977. Mr. Van Meter will assume the role of President and CEO of the company effective from May 8, 2012.
Highlands Bankshares, Inc. is a bank holding company, which operates through its two wholly owned subsidiary banks, The Grant County Bank and Capon Valley Bank. The Company also offers insurance services through its wholly owned subsidiary, HBI Life Insurance Company. The Grant County Bank operates six branch offices located in the towns of Moorefield, Keyser, Riverton, Harman, Davis and Canaan Valley, West Virginia. Capon Valley Bank operates four offices in Baker and Moorefield, West Virginia, and in Gore and Stephens City, Virginia. The Company owns and operates a total of 12 banking locations throughout seven counties in two states. Both banks offer a range of banking products and services, including online banking and merchant processing services.