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Bank of Powhatan Announces Appointment of Calvin "Chip" Carter as President
(Market Wire Via Thomson Dialog NewsEdge) POWHATAN, VA, September 24 / MARKET WIRE/ --
The Bank of Powhatan announced today the
appointment of Chip Carter as President. Senator John C. Watkins, the
Bank's Chairman, made the announcement.
"We are extremely pleased to have Chip Carter join Bank of Powhatan, and
are excited to add his expertise and experience to our team," said Watkins.
"Chip's familiarity with the Powhatan market, his commitment to the local
community and vision for the Bank of Powhatan's future, will make him an
asset to the community and our bank."
Bank of Powhatan, located at 2320 Anderson Highway in Powhatan, has assets
of approximately $70 million. The Bank is a division of TransCommunity
Bank, N.A., (OTCBB: TCYF) which also operates community banks in three
other Virginia markets, including Bank of Goochland, Bank of Louisa and
Bank of Rockbridge.
TransCommunity Bank President, Andy McLean, noted that Carter joins Bank of
Powhatan with over thirty years' banking experience, primarily in the metro
Richmond area. "Chip brings lending experience, management experience and
in-depth knowledge of the Powhatan and Chesterfield communities. Many of
our customers already know him. We are glad to have him aboard."
Prior to joining Bank of Powhatan, Mr. Carter was previously Richmond
Regional President of First Community Bank. He is a graduate of the
College of William & Mary and holds a Master's Degree from Lynchburg
College. He is the parent of two children. They reside in Midlothian.
"The Bank of Powhatan is a great organization," said Carter. "The Bank has
a great reputation in our community, and their employees are known for
their level of customer service. I, too, am committed to serving our
customers and, together, we will continue to keep that reputation going."
Forward-Looking Statements
Certain information contained in this release may include "forward-looking
statements" within the meaning of Section 27A of the Securities Act of
1933, as amended, and Section 21E of the Securities Exchange Act of 1934,
as amended. These forward-looking statements relate to the future
operations of TransCommunity Financial Corporation and its subsidiary (the
"Company") and are generally identified by phrases such as "the Company
expects," "the Company believes" or words of similar import. Although the
Company believes that its expectations with respect to the forward-looking
statements are based upon reliable assumptions within the bounds of its
knowledge of its business and operations, there can be no assurance that
actual results, performance or achievements of the Company will not differ
materially from any future results, performance or achievements expressed
or implied by such forward-looking statements. For details on factors that
could affect expectations, see the risk factors and other cautionary
language included in the Company's Annual Report on Form 10-K for the year
ended December 31, 2006, and other filings with the Securities and Exchange
Commission.
FOR MORE INFORMATION, CONTACT:
TransCommunity Bank, N.A.
Ms. Joni F. Marshall
VP
4235 Innslake Drive
Glen Allen, VA 23060
804-934-999
Copyright 2007 Market Wire, Incorporated
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