Highlands Bankshares Inc. Announces the Resignation of C.E. Porter as Director, President, and Chief Executive Officer, Effective from May 7, 2012
February 13, 2012 at 11:27 am EST
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Highlands Bankshares Inc. announced that with effect from May 7, 2012, C.E. Porter will retire from his positions as director, president, and chief executive officer. To fill Mr. Porter's board position, the company will recommend for consideration Mr. Donald J. Baker Jr. as a new class B director to begin a three-year term upon election at the annual meeting of shareholders scheduled for May 8, 2012. Mr. Baker, age 62, is the owner of Baker Insurance Services in Moorefield WV. He has been a director of the company's subsidiary, The Grant County Bank, since 2002.
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.
HIGHLANDS BANKSHARES, INC. 