Community Bankers Trust Corporation Announces Payment of Dividend on TARP Preferred Stock

Community Bankers Trust Corporation, the holding company for Essex Bank BTC, announced today that it will pay $442,000 in dividends with respect to its Fixed Rate Cumulative Perpetual Preferred Stock, Series A. The Company issued the Preferred Stock to the United States Department of the Treasury in connection with the Company's participation in the Treasury's TARP Capital Purchase Program in December 2008. Each regular quarterly cash dividend on the Preferred Stock is $221,000, and the $442,000 amount represents two such payments, consisting of the payment that is due on May 15, 2012 and a catch-up payment for one of the six dividends that the Company had previously deferred. The Company will make the payment on May 15, 2012. Following the payment, the Company will have five quarterly dividend payments with respect to the Preferred Stock that remain accrued and unpaid. The aggregate amount of such payments is $1,105,000.
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