American National Bankshares Inc. Announces Medical Retirement of William W. Traynham as Chief Financial Officer; Appoints Je...
October 16 2019 - 8:15AM
American National Bankshares Inc. (NASDAQ: AMNB), parent company
(the Company) of American National Bank and Trust Company (the
Bank) announced today that William W. Traynham has informed the
Company that he will retire from his position as Executive Vice
President and Chief Financial Officer for medical reasons effective
October 31, 2019. Jeffrey W. Farrar, Executive Vice President and
Chief Operating Officer, will assume the additional role of Chief
Financial Officer and Principal Financial Officer for the Company
and the Bank as of that date.
“I really can’t say enough good things about Bill and how much
he has helped American National, particularly during such a
critical period in our Bank’s growth,” stated Jeffrey V. Haley,
President & Chief Executive Officer of the Company and the
Bank. “His contributions to American National have positioned us
well and we are grateful for the ten years he spent with us,”
continued Haley.
Farrar has more than twenty years of experience in community
banking, most recently serving as Executive Vice President and
Chief Financial Officer at Old Point Financial Corporation. Prior
to that, he was with Union Bankshares Corporation and its
predecessor companies since 1996. Farrar is a certified public
accountant and a graduate of Virginia Tech with a B.S. in
Accounting and a recipient of a Master’s in Business Administration
from Virginia Commonwealth University. “Jeff has developed a
strong sense of American National since he joined us in June and is
a natural fit for the Chief Financial Officer role,” remarked
Haley. “He has proven to be instrumental in many areas of the Bank
and I know he will serve us well as our next CFO. His previous
experience in this role will allow for a seamless transition.”
About American National Bankshares Inc.
American National Bankshares Inc. (the Company) is a multi-state
bank holding company with total assets of approximately $2.5
billion. Headquartered in Danville, Virginia, the Company is the
parent company of American National Bank and Trust Company (the
Bank). The Bank is a community bank serving Virginia and North
Carolina with 28 banking offices and also oversees approximately an
additional $855 million of trust, investment and brokerage assets
in its Trust and Investment Services Division. Additional
information about the Company and the Bank is available on the
bank's website at www.amnb.com.
For more information,
contact:
Jeffrey V. Haley President & Chief Executive Officer
American National Bankshares Inc. haleyj@amnb.com 434.773.2259
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