Franklin, West Virginia – During the Annual Shareholders Meeting of Allegheny Bancshares, Inc. (ABI), William A.
(“Bill”) Loving Jr. announced that he would be retiring from the position of CEO of ABI and Pendleton Community
Bank (PCB) effective July 13, 2026, concluding a distinguished career spanning 54 years in community banking,
including more than 25 years leading PCB.
Loving, a life-long community banker, began his career in Beckley, West Virginia, and accepted the position of
CEO of Pendleton County Bank, as it was known then, on October 16, 2000. During his tenure at PCB, the
organization significantly expanded its footprint from two to fifteen financial centers with the sixteenth scheduled
to open in late 2026. Early in this growth journey, ABI was established, and the bank was rebranded as Pendleton
Community Bank or simply PCB to more clearly align with its geographic expansion. These changes supported
new product and service offerings and modern banking delivery channels introduced over the years, while
maintaining an ever-constant focus on the importance of local, personalized customer service.
As of the most recent quarter-end, PCB has total assets of $825 million representing growth of $701 million
(565%) and annual revenue growth of 481% over the last 25 years.
During Loving’s career, he invested heavily into the industry he grew to love. This service includes trade
associations at the state and national levels, with the Independent Community Bankers of America (ICBA) where
he served on numerous committees, National Chairman (2013-2014), and ICBA Services Network’s chairman
during the years of 2016-2019. During his time with ICBA, he testified on community banking issues before
Congress, the Securities and Exchange Commission’s Advisory Committee on Smaller Public Companies and
spoke at the 24th Seminar on International Finance in Tokyo, Japan. Currently, Loving is Secretary and member
of TCM Bank’s Board of Directors and a former Class A Director of the Federal Reserve Bank of Richmond.
Active in many professional and civic organizations, Loving serves as a board member of the Pendleton County
Economic and Community Development Authority, and council member of the Region 8 Planning and
Development Council. A charter board member of the Pendleton County Chamber of Commerce and Convention
and Visitors Bureau, he served as chairman of both organizations and was awarded the Chamber’s
Businessperson of the Year award on two occasions. He is also a former trustee of the Graduate School of
Banking at Louisiana State University, past instructor of the West Virginia School of Banking, and was awarded
the Federal Home Loan Bank of Pittsburgh’s highest individual award, the Council’s Award, in 2013.
Chad Branson, Chairman of the Board of Directors of ABI and PCB stated, “For more than 25 years, Bill has
established a lasting legacy and strong foundation for our bank. His vision and steady leadership have guided a
period of tremendous growth and transformation, ensuring we are well positioned for the future. He will be greatly
missed as CEO; however, I look forward to Bill’s continued service on both the ABI and PCB Bank Board and as
a Strategic Advisor to ABI.”
Also, during the meeting, it was announced that Neil Hayslett, who currently serves as President and Chief
Operating Officer of PCB, would be appointed to the Chief Executive Officer position effective July 13, 2026.
P.O. Box 487, Franklin, WV 26807 (304) 358-2311 (304) 358-7997 www.yourbank.bank
Loving stated “It has been my honor and privilege to lead PCB over the last 25 years. I truly enjoyed the unique
opportunity to work with such talented individuals throughout my career that helped transition the bank into the
organization that we are today. To end my career after celebrating our 100th anniversary, reporting record profits
and strong financial position, I am confident that the bank will continue to thrive under our next CEO, Neil. Loving
went on to say, “Without the help of so many and the trust of our customers and shareholders, we would not be
who we are today. To each of you – thank you!”
About Allegheny Bancshares, Inc.
Allegheny Bancshares, Inc., parent company of Pendleton Community Bank, is an $825 million bank holding
company headquartered in Franklin, West Virginia. PCB is an independent community bank serving the West
Virginia communities of Beckley, Franklin, Marlinton, Moorefield, Mount Hope, Oak Hill, Petersburg,
Summersville, and Wardensville with nine full-service financial centers. The institution currently operates six
financial centers in the Virginia communities of Bridgewater, Harrisonburg (3), and Staunton (2). Since 1925, PCB
has provided products and services that facilitate customer financial success, encourage professional success for
team members, and stimulate economic growth in the communities it serves. PCB is Your Bank for Generations®.
Member FDIC. Equal Housing Lender.
