Official Statement

Recently, news reports were released regarding an assurance of discontinuance agreement that First Sentinel Bank entered into with the West Virginia Attorney General's office in 2017. We disagree with some of the details outlined in these reports regarding the assurance agreement and would like to clarify a few material points.

 

As a result of a complaint by an individual in West Virginia, First Sentinel Bank entered into an assurance of discontinuance in December of 2017. While we acknowledged no wrongdoing on our part, in the interest of integrity and the dedication of serving our community with excellence, we entered into the agreement, which had a positive impact on 324 of our former West Virginia customers. The terms of the agreement are part of the public record and were approved and accepted in December 2017.

 

We appreciate the work of the West Virginia Attorney General's office and their assistance with this matter. We consider this chapter closed and behind us, as all terms of the agreement have been honored and it has been officially closed for several months.

 

First Sentinel Bank prides itself on serving our customers with integrity and dedication. We work diligently to comply with all state and federal regulations and have a strong compliance program to ensure that we follow all laws regarding our practices. We are always willing to work with state and federal agencies to make sure all customer rights are honored and protected.

 

We look forward to a strong future with many exciting things on the horizon. We are thankful for our communities and local agencies and their support of the services we provide to our customers.