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

On June 5, 2019, American National Bankshares Inc. (the “Company”) announced the appointment of Jeffrey W. Farrar, age 58, as Executive Vice President and Chief Operating Officer of the Company, effective August 1, 2019. A copy of the press release is attached as Exhibit 99.1 to this report and is incorporated by reference into this Item 5.02.
Mr. Farrar has served as Chief Financial Officer and Senior Vice President/Finance of Old Point Financial Corporation and Chief Financial Officer and Executive Vice President of The Old Point National Bank of Phoebus since June 2017. From January 2014 to June 2017, Mr. Farrar served as Director of Wealth Management, Mortgage and Insurance for Union Bankshares Corporation (now Atlantic Union Bankshares Corporation) and, prior to that, was Chief Financial Officer of StellarOne Corporation and its predecessor companies for 18 years. Mr. Farrar earned a Bachelor of Science degree in accounting from Virginia Tech and a Master of Business Administration degree from Virginia Commonwealth University. He is a certified public accountant. There are no arrangements or understandings between Mr. Farrar and any other person to which he was appointed, nor are there are any family relationships between Mr. Farrar and any of the Company’s directors or executive officers. Mr. Farrar does not have any material interest in any transactions, relationships or arrangements with the Company that would require disclosure under Item 404(a) of Regulation S-K promulgated under the Securities Exchange Act of 1934, as amended.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
The following exhibit is filed herewith:
AMERICAN NATIONAL BANKSHARES INC. Exhibit
EX-99.1 2 pressrelease-farrarxjune20.htm EXHIBIT 99.1 Exhibit Exhibit 99.1                American National Bankshares Inc. Names Jeffrey W. Farrar Executive Vice President & Chief Operating OfficerFor more information,…
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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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