Community Bankers Trust Corporation (ESXB) is a bank holding company that owns and operates Essex Bank, a Virginia state bank with 24 full-service offices and one loan production office. Essex Bank offers a range of financial services to individuals and small businesses, including personal and commercial loans, deposit accounts, wealth management, and online banking.
As of February 25, 2023, the market capitalization of Community Bankers Trust Corporation is approximately $192.3 million. The company's stock is traded on the NASDAQ exchange under the ticker symbol ESXB.
Community Bankers Trust Corporation was founded in 1926 and is headquartered in Richmond, Virginia. The company has a strong focus on serving the local community and has a long history of supporting local businesses and non-profit organizations.
In recent years, Community Bankers Trust Corporation has focused on expanding its presence in Virginia and neighboring states through strategic acquisitions and partnerships. In 2020, the company completed the acquisition of Peoples Bankshares, Inc. and its subsidiary, Peoples Community Bank, which added five branches to Essex Bank's network.
Despite the challenges posed by the COVID-19 pandemic, Community Bankers Trust Corporation reported strong financial results in 2021. The company's net income for the year was $13.9 million, up from $7.2 million in 2020, and total assets increased by 27% to $2.5 billion.
However, as with any financial institution, there are risks to investing in Community Bankers Trust Corporation. These risks include changes in interest rates, changes in economic conditions, and changes in the regulatory environment. Investors should carefully consider these risks before making any investment decisions.
Overall, Community Bankers Trust Corporation is a well-established regional bank with a strong focus on serving its local community. The company's recent growth and strong financial performance suggest that it may be a good investment opportunity for those interested in the financial sector.
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