Welcome to our dedicated page for Bank Of Botetour news (Ticker: BORT), a resource for investors and traders seeking the latest updates and insights on Bank Of Botetour stock.
Bank of Botetourt news coverage typically focuses on the institution's community banking activities, financial performance, expansion initiatives, and community involvement programs. As a regional community bank serving Southwest Virginia, news about the institution often highlights its role in local economic development and support for community initiatives.
Press releases and announcements from Bank of Botetourt may cover topics such as quarterly dividend declarations, branch openings or relocations, new service offerings, technology platform enhancements, and management appointments. The bank's status as a publicly traded company on the OTC markets means that financial results and shareholder information are regularly disclosed through official channels.
Community-focused news often features the bank's charitable contributions, employee volunteer activities, financial literacy programs, and partnerships with local organizations. The institution's involvement in education initiatives, cultural programs, and economic development projects generates coverage in regional media outlets serving the bank's service areas.
Industry recognition, performance rankings among community banks, and regulatory matters may also appear in news coverage. As a state-chartered institution with over a century of history, the bank's longevity and stability are frequently mentioned in articles discussing the regional banking landscape in Virginia.
News about the broader community banking sector, Virginia's economic conditions, and regional real estate markets provides context for understanding factors that may affect Bank of Botetourt's operations. Coverage of regulatory changes affecting community banks, interest rate movements, and local business conditions all have relevance to the institution's business environment.
Bank of Botetourt (OTCPK: BORT, BORTP) reported substantial financial growth for Q1 2023. Net income surged to
Bank of Botetourt (OTCPK: BORT, BORTP) has submitted applications to regulators for a new full-service branch in Rocky Mount, Virginia. The new facility will cover approximately 2,700 square feet and will feature a 24/7 ATM, drive-thru services, and will host their mortgage division, Virginia Mountain Mortgage. CEO G. Lyn Hayth emphasizes the importance of this expansion amid industry consolidation, asserting the bank's commitment to personalized banking and technology-driven solutions. Bank of Botetourt has been serving the community for 124 years, offering services including mortgage, commercial, agricultural lending, and wealth management. A grand opening is scheduled for Q4 2024. This move underlines the bank’s strategy to enhance its presence in the Roanoke Metropolitan Statistical Area.
Buchanan-based Bank of Botetourt (OTCPK: BORT, BORTP) appointed Michelle R. Austin as the 7th President in its history, effective February 20, 2023, while retaining her role as Chief Operating Officer. Austin joined the bank in 1993 and has held various positions, including Chief Financial Officer for 18 years. G. Lyn Hayth, the previous President, has been named Vice Chair of the Board. The Board also promoted Dustin G. Bays to Chief Financial Officer. Chairman Tommy L. Moore noted these changes ensure continuity as the bank approaches 125 years of operation.
Buchanan-based Bank of Botetourt (OTCPK: BORT) announced on January 23, 2023 that its Series A Preferred Stock has received FINRA approval for trading under the ticker symbol BORTP, following its issuance in November 2022. The preferred shares are exempt from registration under the Securities Act of 1933. Raymond James & Associates acted as the Market Maker for this application. Established in 1899, the bank operates 13 retail offices across Virginia and also offers mortgage and wealth management services.
Buchanan-based Bank of Botetourt (OTCPK: BORT) announced the closure of its Series A Preferred Stock Rights Offering on November 4, 2022. The offering resulted in the issuance of 243,659 shares of noncumulative, convertible, perpetual preferred stock, generating gross proceeds of approximately $6,822,452. All shares sold are exempt from registration under the Securities Act of 1933. The bank, chartered in 1899, operates retail offices across several Virginia counties and offers mortgage and financial services.
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