City Holding Company Elects Patrick C. Graney to Board of Directors
30 July 2015 - 4:57AM
Business Wire
City Holding Company, “the Company” (NASDAQ:CHCO), has elected
Patrick C. Graney, age 62, to its Board of Directors effective
immediately and expiring at the next annual meeting of the
shareholders scheduled for April 2016. This increases the number of
directors of the Company from 13 to 14. The Board of Directors also
expects to recommend Mr. Graney as a Class III director (whose
terms shall expire at the annual meeting of the shareholders in
2017) for shareholder approval in the election of directors
scheduled for April 2016.
Graney grew up in Mount Hope, West Virginia, and holds a
bachelor’s degree from the College of Arts and Science of the
University of Virginia, and a master’s degree in business
administration also from the University of Virginia’s Darden
School. Early in his career, Graney worked as a financial
strategist to Governor Arch Moore in the Office of Community and
Industrial Development.
Graney is a well known business leader in the state of West
Virginia principally focused on the distribution of petroleum
products. In 1975, Graney acquired an interest in Petroleum
Products, Inc., a small distributorship in Beckley. Petroleum
Products grew from eleven employees into a multi-state business
serving coal, construction, oil and gas drilling businesses, and
over the years included nine acquisitions. In 2007, Petroleum
Products merged into Maxum Petroleum, a nationwide distributor, and
until recently, Graney served as the Eastern Regional President of
the firm. Graney also founded the One Stop Convenience Store Chain
in 1981, which recently sold to Cross American Partners. Over the
years, One Stop grew from a single location to forty-one locations
through “ground up” construction of individual stores as well as
through several acquisitions.
Graney is active in community affairs, and currently serves as a
director of the West Virginia Oil Markets and Grocers Association,
the West Virginia Coal Association, the West Virginia Chamber of
Commerce, and the University of Charleston. He is Vice-Chairman of
the Executive Board of the Buckskin Council of the Boy Scouts.
Graney also has strong roots in the banking industry. From
December 2008 through December 2013 Mr. Graney served as a Class B
Director representing West Virginia on the Board of the Richmond
Federal Reserve. Mr. Graney’s great grandfather founded the Bank of
Mount Hope, and during the 1980’s he served as a director of
Charleston National Bank.
“Pat represents a wonderful addition to the City Holding Board
of Directors,” said Charles Hageboeck, President and Chief
Executive Officer of City Holding. “He is highly respected not only
for his business success, but for the energy and vision he brings
to his varied community endeavors. As a bank operating from more
than eighty different locations, Pat’s experience operating a
successful business with staff located in many disparate offices is
highly valued. Add to that Pat’s exceptional credentials within the
banking industry, and City believes that it has found an
exceptional director to add to what is already a strong board with
diverse business interests.”
City Holding Company is a $3.5 billion bank holding Company
headquartered in Charleston, WV. City Holding Company is the parent
company of City National Bank of West Virginia. City National
operates 82 branches across West Virginia, Virginia, Kentucky and
Ohio. City also recently announced the pending purchase of three
branches in Lexington, Kentucky subject to meeting all closing
conditions.
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version on businesswire.com: http://www.businesswire.com/news/home/20150729006543/en/
City Holding CompanyCharles R. Hageboeck,
304-769-1102Chief Executive Officer and President
City (NASDAQ:CHCO)
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