First Community Bancshares, Inc. Announces Resignation of Jason R. Belcher as Senior Vice President and Chief Risk Officer, Effective on or About September 30, 2018
May 15, 2018 at 04:18 pm EDT
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First Community Bancshares, Inc. announced that Jason R. Belcher, senior vice president and chief risk officer of the company's banking subsidiary and a current named executive officer of the company, intends to leave the company to assume a management role with his family business. His duties will be transitioned to other officers of the company and its banking subsidiary pursuant to a transition plan over the coming months, with his expected resignation occurring on or about September 30, 2018.
First Community Bankshares, Inc. is a financial holding company, which provides banking products and services through its wholly owned subsidiary First Community Bank (the Bank). It operates in community banking segment, which consists of all operations, including commercial and consumer banking, lending activities, and wealth management. The Bank offers wealth management and investment advice through its Trust Division and wholly owned subsidiary First Community Wealth Management. Its commercial loans consist of loans to small and mid-size industrial, commercial, and service companies. Commercial real estate projects represent a variety of sectors of the commercial real estate market, including single family and apartment lessors, commercial real estate lessors, and hotel/motel operators. Consumer real estate loans segment consists of loans to individuals within its market footprint for home equity loans and lines of credit and for the purpose of financing residential properties.
First Community Bancshares, Inc. Announces Resignation of Jason R. Belcher as Senior Vice President and Chief Risk Officer, Effective on or About September 30, 2018