Bedford Bancshares Inc. and subsidiary name new officers.BEDFORD, Va.--(BUSINESS WIRE)--Oct. 24, 1996--The boards of directors of Bedford Bancshares Inc. and its subsidiary, Bedford Federal Savings Bank Noun 1. federal savings bank - a federally chartered savings bank FSB savings bank - a thrift institution in the northeastern United States; since deregulation in the 1980s they offer services competitive with many commercial banks , named Hugh H. Bond chairman of the board and Harold K. Neal president of the organizations. Michael G. Trussell was promoted to vice president of the bank. Mr. Bond fills the vacancy created by the death on Sept. 26, 1996, of former chairman of the board T. Glynn Bradley who served on the board for 30 years and as chairman since December 1983. A native of Bedford and graduate of Washington and Lee University Washington and Lee University, at Lexington, Va.; coeducational; founded and opened 1749 as Augusta Academy. It was called Liberty Hall in 1776; became Liberty Hall Academy (a college) in 1782, Washington Academy (following a gift from George Washington) in 1798, . Mr. Bond is the former owner, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Scott and Bond Real Estate and Insurance Co. where he is still active as an associate real estate broker. He was first elected to the bank's board of directors in 1963 and named president in 1970. Active in various civic organizations, he currently serves as director of the Bedford County Bedford County is the name of several counties in the United States:
Mr. Neal has served on the Bank's board of directors and as its executive vice president and chief executive officer since joining the firm in 1971. A native of Charlotte County, Va., he attended the University of Richmond. He is active in local community and civic affairs as well as state and national trade organizations. A past Chairman of the Board of Governors of the Virginia League of Savings Institutions, Mr. Neal currently serves on the board of directors and the executive committee of America's Community Bankers. Mr. Trussell was employed by Bedford Federal in January 1996 after working for Dominion Bank for 23 years where he held the position of vice president and assistant director of investor relations Investor relations The process by which the corporation communicates with its investors. . He is a native of Roanoke and a graduate of Mars Hill College Mars Hill College is a private, coed, liberal-arts college affiliated with the North Carolina Baptist Convention. The college is located in the small town of Mars Hill, North Carolina, 15 miles due north of Asheville, western North Carolina's largest city. with a B.S. degree in accounting. CONTACT: Bedford Bancshares, Inc., Bedford H.K. Neal, 540/586-2590 KEYWORDS: VIRGINIA INDUSTRY KEYWORD: BANKING MANAGEMENT CHANGES REPEATS: New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of 212-752-9600 or 800-221-2462; Boston 617-236-4266 or |
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