The Shadow
Highlands Community Bank has announced the appointment of a new board member along with several recent promotions.
David Oliver has been appointed to the bank’s board of directors, while Sally Gilbert, Bryan Thompson, Joy Fridley and Kristin Nicely have received promotions.
Oliver, the president and owner of Oliver Distributing Company, was appointed to the board in February. He replaces Dr. Bill Lanehart, who submitted his resignation in January.
At the annual meeting of the board of directors, the nominated slate of Class A directors — James Garcia, H.C. Rhodes, John Williams and Eric Walton — were re-elected by stockholders.
The other directors — Steve Bowers, Nancy Caperton, Nick Moga, Bryan Thompson and Bill Withrow — continue to serve.
Gilbert has been promoted to the position of senior vice president and chief financial officer. She has been with Highlands Community Bank since 2002. Gilbert is a graduate of Virginia Tech and the School of Bank Management at the University of Virginia.
Thompson has been promoted to senior vice president and chief lending officer. He joined the bank in 2004.
Thompson is a graduate of Hampden-Sydney and the School of Bank Management at the University of Virginia along with the Graduate School of Bank Management at Louisiana State University.
Fridley has been promoted to vice president and loan administration officer. She joined Highlands Community Bank in 2002.
She is a graduate of the School of Bank Management at the University of Virginia and the Graduate School of Bank Management at Louisiana State University.
Nicely has been promoted to the position of compliance officer and assistant Bank Security Act officer.
Nicely joined Highlands Community Bank in 2011. She is a graduate of Dabney S. Lancaster Community College.
“We welcome David to the board, and we congratulate all of our employees on their promotions,” said H.C. Rhodes, Highlands Community Bank CEO.
Highlands Community Bank continued its growth in 2013. Loans increased 8 percent from $58.6 million in 2012 to $63.5 million this year.
Assets increased 5 percent from $118.9 million in 2012 to $124.8 million in 2013, while deposits also increased 6 percent from $105 million in 2012 to $111.7 million in 2013.
Highlands Community Bank’s after-tax income increased 12 percent in 2013 from $611,000 in 2012 to $685,000 in 2013.
This enabled the bank to award stock dividends of 10 cents per share in April.
The bank held a ribbon cutting at its main office on Thacker Avenue in Covington Tuesday.
A 1,300 square foot addition includes space for four additional offices and much needed storage space.
The expansion was completed by Covington contractor Steve Sams of Sams and Company, the firm that built the bank’s original building.
“I would like to thank our board of directors for their foresight in the decision to approve building this addition, ensuring that Highlands Community Bank has the infrastructure n place to serve the community for many years to come,” Rhodes added.
In addition to its Covington facilities, Highlands Community Bank operates an office on Main Street in Clifton Forge.
For more information, call 962-2265 or 862-2265. You may also visit highlandscommunitybank.com.
