American National Bankshares Inc. Announces New Chief Administrative Officer and New Chief Credit Officer

Rhea-AI Summary

American National Bankshares Inc. (NASDAQ: AMNB) announced a management transition with Edward C. Martin being appointed as Chief Administrative Officer, a new role, while Mark A. Smith will become the Chief Credit Officer. Martin, with over 25 years in community banking, has been with the company since 2016, and Smith has extensive experience in bank lending. This restructuring aims to enhance strategic oversight across the bank's operations as it continues to manage approximately $2.9 billion in assets.

Positive

• Appointment of Edward C. Martin as Chief Administrative Officer is expected to improve strategic oversight.
• Mark A. Smith's promotion ensures continuity in credit operations with a leader experienced in bank lending.

Negative

• None.

DANVILLE, Va., Aug. 12, 2020 (GLOBE NEWSWIRE) -- American National Bankshares Inc. (NASDAQ: AMNB), parent company (the Company) of American National Bank and Trust Company (the Bank) announced today that Edward C. Martin, Executive Vice President and Chief Credit Officer for both the Company and the Bank will assume the newly created position of Chief Administrative Officer. The Chief Credit Officer position will be assumed by Mark A. Smith, who is currently Senior Vice President and Regional Credit Officer of the Bank.

Martin, a graduate of the University of Virginia and the McIntire School of Commerce, has over twenty-five years of experience in community banking, including commercial lending and credit. He has been with American National since 2016 when it expanded into Roanoke, where Martin lives and works. Roanoke is the state banking headquarters for American National and Martin will also serve as the President of Virginia Banking.

“Eddie has proven to be a valuable member of the Bank’s executive team and in addition to continuing to oversee the credit function, I look forward to having his strategic oversight in other key areas of the Bank,” stated Jeffrey V. Haley, President & Chief Executive Officer of the Company and the Bank.

Smith has been working as Regional Credit Officer for the Bank’s North Region since early 2019, having come to American National with more than thirty years in bank lending and credit administration including serving as a Chief Credit Officer. “Mark has been a strong leader within the credit team and has helped maintain the Bank’s superb asset quality. He is very well-suited to serve as the Bank’s Chief Credit Officer,” remarked Haley.

About American National Bankshares Inc.

American National is a multi-state bank holding company with total assets of approximately $2.9 billion. Headquartered in Danville, Virginia, American National is the parent company of American National Bank and Trust Company. American National Bank is a community bank serving Virginia and North Carolina with 26 banking offices.  American National Bank also manages an additional $837 million of trust, investment and brokerage assets in its Trust and Investment Services Division. Additional information about American National and American National Bank is available on American National’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

Photos accompanying this announcement are available at: 

https://www.globenewswire.com/NewsRoom/AttachmentNg/5e3678df-203c-4505-9aad-93ee526ca9e6

https://www.globenewswire.com/NewsRoom/AttachmentNg/fbfbbe24-3645-4b07-86e2-b01105ad9016

FAQ

Who was appointed as the new Chief Administrative Officer of AMNB?

Edward C. Martin was appointed as the new Chief Administrative Officer of American National Bankshares Inc.

What is the role of Mark A. Smith at AMNB?

Mark A. Smith has been named Chief Credit Officer at American National Bankshares Inc.

What are the total assets managed by AMNB?

American National Bankshares Inc. manages approximately $2.9 billion in total assets.

What is the significance of the management transition at AMNB?

The management transition at American National Bankshares Inc. aims to enhance strategic oversight and maintain strong credit operations.