AMERICAN NATIONAL BANKSHARES INC. (NASDAQ:AMNB) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

AMERICAN NATIONAL BANKSHARES INC. (NASDAQ:AMNB) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

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On October 19, 2017, American National Bankshares Inc. (the “Company”), the parent company of American National Bank and Trust Company (the “Bank”), announced that Ramsey K. Hamadi, Executive Vice President of the Company and Executive Vice President and Chief Administrative Officer of the Bank, submitted his resignation from the Company and the Bank on October 19, 2017.

Mr. Hamadi’s resignation is not the result of any disagreement with the Company or the Bank or any matter relating to the operations, policies or practices of the Company or Bank.

A copy of the Company’s press release with respect to the above matters is attached as Exhibit 99.1 hereto and incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits:

99.1 Press Release, dated October 19, 2017.


AMERICAN NATIONAL BANKSHARES INC. Exhibit
EX-99.1 2 pressrelease-officerresign.htm EXHIBIT 99.1 Exhibit Date: October 19,…
To view the full exhibit click here

About AMERICAN NATIONAL BANKSHARES INC. (NASDAQ:AMNB)

American National Bankshares Inc. is a one-bank holding company. American National Bank and Trust Company (the Bank) is the only banking subsidiary of the Company. The Company operates through two segments: community banking, and trust and investment services. Community banking involves making loans to and generating deposits from individuals and businesses. All assets and liabilities of the Company are allocated to community banking. Investment income from securities is also allocated to the community banking segment. Loan fee income, service charges from deposit accounts and non-deposit fees, such as automated teller machine fees and insurance commissions generate additional income for community banking. Trust and investment services include estate planning, trust account administration, investment management and retail brokerage. Investment management services include purchasing equity, fixed income and mutual fund investments for customer accounts.

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