americannb20200812_8k.htm
false 0000741516 0000741516 2020-08-12 2020-08-12
 
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
 
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
 
Date of Report (Date of earliest event reported): August 12, 2020
 
AMERICAN NATIONAL BANKSHARES INC.
(Exact name of registrant as specified in its charter)
 
Virginia
(State or other jurisdiction
of incorporation)
0-12820
(Commission
File Number)
54-1284688
(I.R.S. Employer
Identification No.)
 
628 Main Street, Danville, Virginia 24541
(Address of principal executive offices) (Zip Code)
 
Registrant’s telephone number, including area code: (434) 792-5111
 
Not Applicable
(Former name or former address, if changed since last report)
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
 
     Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
     Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
     Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
     Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
Securities registered pursuant to Section 12(b) of the Act:
 
Title of each class
Trading Symbol(s)
Name of each exchange on which registered
Common Stock, $1.00 par value
AMNB
Nasdaq Global Select Market
 
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company     
 
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.                         ☐
 
 

 
Item 8.01     Other Events.
 
On August 12, 2020, American National Bankshares Inc. (the “Company”) announced that Edward C. Martin, Executive Vice President and Chief Credit Officer for both the Company and its subsidiary bank, American National Bank and Trust Company (the “Bank”), will assume the newly created position of Chief Administrative Officer of the Company and the Bank, effective immediately. 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 the Company since 2016 when it expanded into Roanoke, where Martin lives and works. Roanoke is the state banking headquarters for the Company and Martin will also serve as the President of Virginia Banking.
 
Mark A. Smith, who is currently Senior Vice President and Regional Credit Officer of the Bank, will assume the position of Chief Credit Officer. Smith has been working as Regional Credit Officer for the Bank’s North Region since early 2019, having come to the Bank with more than thirty years in bank lending and credit administration including serving as a Chief Credit Officer for another institution.
 
A copy of the press release announcing Mr. Martin’s appointment to Chief Administrative Officer and Mr. Smith’s appointment to Chief Credit Officer is attached as Exhibit 99.1 to this report and is incorporated herein by reference.
 
Item 9.01     Financial Statements and Exhibits.
 
(d)     Exhibits.
 
The following exhibit is filed herewith:
 
Exhibit No.
 
Description
99.1
 
104   Cover Page Interactive Data File (embedded within the Inline XBRL document).
 
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SIGNATURES
 
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
  American National Bankshares Inc.
  (Registrant)
   
   
Date: August 12, 2020  By: /s/ Jeffrey V. Haley 
   
Jeffrey V. Haley
President and Chief Executive Officer
 
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ex_199314.htm

Exhibit 99.1

 

 

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

 

 

For more information, contact:

 

Jeffrey V. Haley
President & Chief Executive Officer
American National Bankshares Inc.
haleyj@amnb.com
434.773.2259

 

FOR IMMEDIATE RELEASE:


DANVILLE, VA, August 12, 2020 – 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.

 

 

 

   
Eddie Martin  Mark Smith

 

 

 

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.

 

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v3.20.2
Document And Entity Information
Aug. 12, 2020
Document Information [Line Items]  
Entity, Registrant Name AMERICAN NATIONAL BANKSHARES INC.
Document, Type 8-K
Document, Period End Date Aug. 12, 2020
Entity, Incorporation, State or Country Code VA
Entity, File Number 0-12820
Entity, Tax Identification Number 54-1284688
Entity, Address, Address Line One 628 Main Street
Entity, Address, City or Town Danville
Entity, Address, State or Province VA
Entity, Address, Postal Zip Code 24541
City Area Code 434
Local Phone Number 792-5111
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Title of 12(b) Security Common Stock
Trading Symbol AMNB
Security Exchange Name NASDAQ
Entity, Emerging Growth Company false
Amendment Flag false
Entity, Central Index Key 0000741516