Farmers Bankshares, Inc. Announces New Chairman
Farmers Bankshares, Inc. (OTC-PINK: FBVA) announced the election of William A. Gwaltney, Jr. as Chairman of the Board, succeeding Richard J. Holland, Jr.. Gwaltney has been with the board since 1993 and previously served as Vice-Chairman. Additionally, Kent B. Spain was elected as Vice Chairman; he has been a board member since 2005. The board expressed gratitude for Holland's 40 years of service and looks forward to the new leadership under Gwaltney and Spain.
- William A. Gwaltney, Jr. brings extensive experience to the role of Chairman after serving on the Board since 1993.
- Kent B. Spain's election as Vice Chairman adds depth, with his knowledge of corporate governance.
- None.
WINDSOR, Va., Feb. 15, 2022 /PRNewswire/ -- Farmers Bankshares, Inc. (OTC-PINK: FBVA) (the "Company") announces that the Board of Directors elected William A. Gwaltney, Jr. as Chairman of the Farmers Bankshares, Inc. board of directors. Mr. Gwaltney replaces outgoing Chairman Richard J. Holland, Jr. Mr. Gwaltney has served on the board since 1993 and most recently as Vice-Chairman. He has a deep-rooted passion for Farmers Bank, its shareholders, employees and customers.
The board also elected Kent B. Spain as Vice Chairman. Mr. Spain has served as a board member since 2005 and as Chairman of our Corporate Governance Committee. Mr. Spain has an expansive knowledge about the Bank's corporate structure and governance.
The Board and staff appreciate Mr. Holland's years of dedication to the organization and guidance over the past forty years and look forward to working under Mr. Gwaltney, Mr. Spain and the entire board's leadership.
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SOURCE Farmers Bankshares, Inc.
