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Section 1: 8-K (FORM 8-K)

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): February 28, 2019

 

 

 

COMMUNITY BANKERS TRUST CORPORATION

(Exact name of registrant as specified in its charter)

 

Virginia

(State or other jurisdiction

of incorporation)

001-32590

(Commission

File Number)

20-2652949

(IRS Employer

Identification No.)

     

9954 Mayland Drive, Suite 2100

Richmond, Virginia

(Address of principal executive offices)

 

23233

(Zip Code)

       

Registrant’s telephone number, including area code: (804) 934-9999

 

Not Applicable

(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

oWritten communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

oSoliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

oPre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

oPre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company o

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o

 

 

 

 

Item 8.01

Other Events.

 

On February 28, 2019, Community Bankers Trust Corporation (the “Company”) issued a press release reporting the declaration of a quarterly dividend of $0.03 per share with respect to the Company’s outstanding common stock, payable on April 1, 2019 to shareholders of record as of March 15, 2019. The press release is being filed as Exhibit 99.1 to this report.

 

 

Item 9.01Financial Statements and Exhibits.

 

(d)Exhibits.

 

Exhibit No.Description

 

99.1

Press release issued February 28, 2019

 

 

 

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

  COMMUNITY BANKERS TRUST CORPORATION
         (Registrant)
   
   
Date:  February 28, 2019 By: /s/ John M. Oakey, III
    John M. Oakey, III
    Executive Vice President, General Counsel and Secretary

 

 

 

 

 

 

EXHIBIT INDEX

 

Exhibit No. Description
   
99.1

Press release issued February 28, 2019

 

 

 

 

 

 

 

 

 

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Section 2: EX-99.1 (EXHIBIT 99.1)

Exhibit 99.1

 

Community Bankers Trust Corporation Announces Quarterly Dividend

 

February 28, 2019 (Richmond, Virginia) – Community Bankers Trust Corporation (NASDAQ: ESXB), the holding company for Essex Bank, announced today that its Board of Directors has declared a quarterly dividend of $0.03 per share with respect to the Company’s outstanding common stock. The dividend will be payable on April 1, 2019 to shareholders of record at the close of business on March 15, 2019.

 

Rex L. Smith, III, President and Chief Executive Officer of the Company and the Bank, stated, “We are very pleased to be in a position to begin paying again a dividend on our common stock. This step is a sign of our strong capital position and our ability to generate consistent earnings growth. While we are still a growth company with a strong return on equity, we realize the positive effect that a dividend can have on investors, both current ones and future ones, and in turn increased demand for our stock. The dividend is a first step in 2019 as we continue to pursue all of our growth strategies.”

 

The Company, which last paid a dividend on its common stock in 2010, intends to recommence paying a cash dividend on a quarterly basis. The payment of dividends is subject to the discretion of the Board of Directors, and future cash dividend payments to shareholders will depend upon a number of factors, including future earnings, alternative investment opportunities, financial condition, cash requirements and general business conditions.

 

*         *         *         *         *

 

About Community Bankers Trust Corporation and Essex Bank

 

Community Bankers Trust Corporation is the holding company for Essex Bank, a Virginia state bank with 26 full-service offices, 20 of which are in Virginia and six of which are in Maryland. The Bank also operates one loan production office in Virginia.

 

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 press release contains a forward-looking statement about the Company’s payment of dividends. This statement is made on the basis of the Company’s views and assumptions as of this time, and the Company undertakes no obligation to update this statement unless required by law.  This statement is not a guarantee of future performance, and actual events or results may differ materially from this statement. Investors should consult the periodic and other reports that the Company files from time to time with the Securities and Exchange Commission (including the information set forth under the caption “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2017) for information about certain factors, risks and uncertainities that could cause such differences. Copies of these filings may be obtained by visiting the Company’s website at www.cbtrustcorp.com.

 

 

Contact: Bruce E. Thomas
Community Bankers Trust Corporation
804-934-9999

 

 

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