Community Bankers Trust Corporation Announces Results of Annual Meeting of Stockholders and Conversion of Georgia Operations

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Wed Jun 24, 2009 4:21pm EDT

GLEN ALLEN, Va.--(Business Wire)--
Community Bankers Trust Corporation, the holding company for Essex Bank (the
"Company") (NYSE Amex:BTC), announced that the Company held its annual meeting
of stockholders on June 18, 2009. The annual meeting was the first meeting of
stockholders since the Company merged with each of BOE Financial Services of
Virginia, Inc. and TransCommunity Financial Corporation in May 2008. A copy of
the materials that management presented to the Company`s stockholders at the
meeting is publicly available on the "investor information" page of the
Company`s internet web site at www.cbtrustcorp.com. 

The Company also announced that its stockholders approved all of the proposals
that it presented at the annual meeting. These proposals included the approval
of an amendment to the Company`s certificate of incorporation to increase the
number of authorized shares of common stock from 50,000,000 to 200,000,000 and
the approval of the Company`s 2009 Stock Incentive Plan. Other proposals were
the election of P. Emerson Hughes, Jr., George M. Longest, Jr., John C. Watkins
and Robin T. Williams to serve as directors for terms of three years, the
approval of an advisory proposal relating to the Company`s executive
compensation and the ratification of the appointment of the firm of Elliott
Davis, LLC as the Company`s independent registered public accounting firm for
the fiscal year ending December 31, 2009. 

George M. Longest, Jr., the Company`s President and Chief Executive Officer,
stated, "We very much appreciate the support from all of our stockholders over
the past year. Our industry has seen many challenges in the past 12 months, and
we expect the remainder of 2009 to be equally as challenging. We are very proud
of our growth during this time and what we have accomplished in a relatively
short period of time, and we remain optimistic about our Company and its
future." 

The Company also announced that, in June 2009, it successfully converted its
Georgia banking operations into the Essex Bank systems platform. In November
2008, Essex Bank acquired certain assets and assumed all deposit liabilities
relating to four former branch offices of The Community Bank, a Georgia
state-chartered bank, from the Federal Deposit Insurance Corporation, who acted
as the receiver for The Community Bank after it was closed by the Georgia
Department of Banking and Finance. In connection with this transaction, Essex
Bank purchased the former banking premises of The Community Bank and has
operated them under the "Essex Bank" name since November 2008. The conversion
completes the integration of the Georgia operations into Essex Bank`s
operations. 

The Company expects to complete the conversion of its Maryland banking
operations, which Essex Bank acquired in another FDIC-assisted transaction, in
August 2009. Essex Bank has operated the seven former branch offices of Suburban
Federal Savings Bank under the "Essex Bank" name since January 2009. 

About Community Bankers Trust Corporation 

Community Bankers Trust Corporation is a well-capitalized, single-bank holding
company headquartered in the greater Richmond, Virginia market, with
approximately $1.3 billion in assets, $1.1 billion in deposits, $810 million in
loans, and $175 million in capital at March 31, 2009. Based on the closing stock
price of $3.50 per common share on June 23, 2009, total market capitalization
for the Company is $75.1 million. 

The Company is the holding company for Essex Bank, a Virginia state bank with 25
full-service offices, 14 of which are in Virginia, seven of which are in
Maryland and four of which are in Georgia. In Virginia, two offices each operate
under the name of "Bank of Goochland" and "Bank of Powhatan," and one office
each operates under the names of "Bank of Louisa" and "Bank of Rockbridge." 

Additional information is available on the Company`s 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, growth strategy 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: general economic and market conditions,
either nationally or locally; the interest rate environment; competitive
pressures among banks and financial institutions or from companies outside the
banking industry; real estate values; the quality or composition of the
Company`s loan or investment portfolios; the demand for deposit, loan, and
investment products and other financial services; the demand, development and
acceptance of new products and services; consumer profiles and spending and
savings habits; the securities and credit markets; costs associated with the
integration of banking and other internal operations; the soundness of other
financial institutions with which the Company does business; inflation;
technology; and legislative and regulatory requirements. 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, 2008 and other reports that the
Company files with or furnishes to 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. 





Community Bankers Trust Corporation
Bruce E. Thomas
Senior Vice President and Chief Financial Officer
804-443-4343 

Copyright Business Wire 2009

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