BNET Industries
Last Fiscal Year Sales:$37.5M
- Private
- US
Dow Jones Description
Centra Bank your neighborhood, your bank. Centra is a community bank that provides for decisions to be made locally. Centra Banks Serves the greater Morgantown and Martinsburg areas of West Virginia.
Chairman, CEO and Founder
Douglas J. LeechNumber of Employees 174
Contact Information
13126 Pennsylvania Ave
Hagerstown, Maryland 21742
1 301 739 1930
Peer Companies
NAICS Code Commercial Banking: 522110
News & Analysis
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centra bank inc. and centra software - All News and Analysis
Magazine Lists Centra Bank As Fastest-Growing in the U.S.
MORGANTOWN - The fastest growing bank in the nation is West Virginia's own Contra Bank, according to Entrepreneur's Hot 500 for 2007.MORGANTOWN - The fastest growing bank in the nation is West Virginia's own Contra Bank, according to Entrepreneur's Hot 500 for 2007.
Centra Bank Develops a Successful Recipe
MORGANTOWN - in 1999, a group of the businessmen in Morgantown decided it was time to change the way people bank.MORGANTOWN - in 1999, a group of the businessmen in Morgantown decided it was time to change the way people bank.
Another Centra Bank Opens in Region
Seven years ago, a Hagerstown banker tried to start a new bank from scratch but failed. Last month Mike Murray, owner of Direct Mail Processing Inc. in that same city, announced the formation of Centra Bank.
Rapid Expansion Propels Centra Bank Into Pa.
MORGANTOWN - Centra Financial Holdings of Morgantown has announced plans to buy Smithfield State Bank of Smithfield, Pa. The acquisition, along with a stock offering and two new branches, furthers the bank's strong growth trajectory.MORGANTOWN - Centra Financial Holdings of Morgantown has announced plans to buy Smithfield State Bank of...
Centra Bank caps year of growth with new office in Martinsburg
MARTINSBURG - It's not every day that Gov. Bob Wise and state banking Commissioner Larry Stark attend the grand opening of a community bank.MARTINSBURG - It's not every day that Gov. Bob Wise and state banking Commissioner Larry Stark attend the grand opening of a community bank.
Centra Bank vaults forth
Money Raised, Branch Open for Business
Centra Bank to start up in Martinsburg
To Be Affiliated with Morgantown Bank
- 1
Decision Makers
| Name (plus bio) | Position |
|---|---|
| Timothy G Henry | Chief Executive Officer |
| Ed Franczyk | President of Centra Bank Fayette County |
| Kevin D Lemley | Vice President, CFO and Treasurer |
| Henry M Kayes | Senior Vice President |
| S Todd Eckels | Senior Vice President |
| E Richard Hilleary | Vice President |
| John T Fahey | Vice President |
| Karla J Strosnider | Vice President |
| Rosemont North | Vice President |
| Timothy P Saab | Vice President and Secretary |
| Timothy T. Pownell | Vice President |
| John Reisenweber | Executive Banker |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Douglas J. Leech | Chairman, CEO and Founder |
| Bernard G Westfall | Chairman |
| James W Dailey | Chairman and Owner of W. Harley Miller Contractors |
| Arthur Gabriel | Board of Directors |
| C Christopher Cluss | Board of Directors |
| James T Davis | Board of Directors |
| Mark R Nesselroad | Board of Directors |
| Michael A Murray | Board of Directors |
| Mike Puskar | Board of Directors |
| Milan Puskar | Board of Directors |
| Parry G Petroplus | Board of Directors |
| Paul Swanson | Board of Directors |
| Robert A McMillan | Board of Directors |
| Robert A. McMillian | Board of Directors |
| Thomas P Rogers | Board of Directors |
Douglas J. Leech was elected to the board of directors of Mylan in 2000. Leech is the chair of the Mylan Audit Committee and a member of the Compliance, Finance, and Corporate Governance and Nominating Committees. Leech has 28 years of experience in the banking industry. He currently serves as chairman, president and CEO, Centra Bank Inc. and Centra Financial Holdings Inc. Prior to this, from 1995 to 1999, Leech held a variety of positions at Huntington National Bank, including CEO, president – southeast region and chief operating officer (COO). From 1982 to 1995, Leech served in various capacities at One Valley Bank of Morgantown Inc., ranging from CFO to executive vice president and COO. Previously, Leech served as comptroller at Community Bank and Trust N.A. and Intermountain Bancshares Inc. From 1976 to 1980, he was a Certified Public Accountant at Peat, Marwick, Mitchell & Company. Leech currently serves as Chairman of Centra Financial Holdings Inc. and is a member of boards of directors of a number of other professional associations and civic organizations, including: past-chairman of the Board of Governors of West Virginia University, chairman of its Executive and Government Relations Committee and chairman of its Audit Committee; The National Domestic Preparedness Coalition; Schreyer Honors College Advisory Board Pennsylvania State University; Board of Morgantown Health Right Free Clinic; and the Salvation Army. Leech and Centra received national attention in 2007 and 2008 when both Entrepreneur Magazine and INC. Magazine ranked Centra Bank as a top performer in the publications’ respective annual rankings of the nation's fastest growing companies. In 2003, Leech was named Ernst & Young Entrepreneur of the Year for the State of West Virginia as well as a national finalist. He was state finalist for the award in 2002. Leech received a bachelor of science in business administration from Penn State University in 1977. He is also a graduate of the Stonier Graduate School of Banking at the University of Delaware as well as the National Commercial Lending School at the University of Oklahoma. Leech is a certified public accountant in Pennsylvania and is a former member of the Pennsylvania Institute of Certified Public Accountants and the American Institute of Certified Public Accountants. Leech is frequently called upon to speak on the topics of banking, finance and entrepreneurship.
| Organization | Position | Status |
|---|---|---|
| Centra Bank, Inc. | Chairman, CEO and Founder | Current |
| Centra Bank, Inc. | Chairman, President and CEO | Current |
| Mylan Inc. | Chair, Audit Committee | Current |
| West Virginia University | Board Member | Current |
| The Salvation Army | Board Member | Current |
| American Institute of Certified Public Accountants | Member | Current |
| Huntington National Bank | Chief Executive Officer | Former |
| Huntington National Bank | President, Southeast Region | Former |
| Huntington National Bank | Coo | Former |
| Mylan Inc. | Board of Directors | Former |
| The University of Oklahoma | Graduate | Former |
| University of Delaware | Graduate | Former |
| The Pennsylvania State University | Bachelor of Science In Business Administration | Former |
| Organization | Position | Status |
|---|---|---|
| Centra Bank, Inc. | Chief Executive Officer | Current |
| Organization | Position | Status |
|---|---|---|
| Centra Bank, Inc. | President of Centra Bank Fayette County | Current |
| Organization | Position | Status |
|---|---|---|
| Centra Bank, Inc. | Vice President, CFO and Treasurer | Current |
| Organization | Position | Status |
|---|---|---|
| Centra Bank, Inc. | Senior Vice President | Current |
| Centra Bank, Inc. | Vice President | Former |
| Organization | Position | Status |
|---|---|---|
| Centra Bank, Inc. | Senior Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| Centra Bank, Inc. | Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| Centra Bank, Inc. | Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| Centra Bank, Inc. | Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| Centra Bank, Inc. | Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| Centra Bank, Inc. | Vice President and Secretary | Current |
Timothy T. Pownell, Board Member. Mr. Pownell is the Vice President with Commercial Lending Responsibilities at Centra Bank www.centrabank.com in Martinsburg, WV. He is also an adjunct faculty member at Mountain State University www.mountainstate.edu in Martinsburg. Mr. Pownell was formerly with Wells Fargo Home Mortgage as a Home Mortage Consultant; BB&T as Vice President -City Executive and managed two branch locations of the bank. From 1992 - 2000 he was an Assistant Vice-President with Branch Manager responsibilities for One Valley Bank in Shepherdstown, WV. Mr. Pownell received his MBA from Frostburg University in Frostburg, MD in 2001 and in 1990 he attended the West Virginia Bankers School in Huntington, WV. He received is BA at Marshall University also in Huntington WV. Mr. Pownell has shown leadership in all his professional development positions. He received The One Valley Bank Branch of The Year Award for Excellence and Growth in 1995, 1997 and 1999. He is a past president of the Shepherdstown Rotary www.shepherdstownrotary.org ; a Paul Harris fellow; Millbrook Orchestra Treasurer, United Way Financial Director for Jefferson County; Instructor for Jefferson County Schools- Bank Survival Guide and an Eagle Scout.
| Organization | Position | Status |
|---|---|---|
| Centra Bank, Inc. | Vice President | Current |
| Gateway New Economy Council | Photo of Board Member | Current |
| Shepherdstown Rotary | President | Former |
| Wells Fargo Home Mortgage | Vice President, City Executive | Former |
| BB&T Corporation | Vice President | Former |
| Jefferson County Schools | Instructor | Former |
| Wells Fargo Home Mortgage | Home Mortage Consultant | Former |
| Marshall University | BA | Former |
| Organization | Position | Status |
|---|---|---|
| Centra Bank, Inc. | Executive Banker | Current |
| Potomac Valley Audubon Society | At-Large Board Member | Current |
| Booz Allen Hamilton, Inc. | Senior Consultant | Former |
| Big Brothers Big Sisters | Volunteer | Former |
| Little League | Volunteer | Former |
| Eastern Panhandle | Board of Directors | Former |
| Berkeley County Development Authority | Board of Directors | Former |
| Oregon State University | Master of Arts In Political Science | Former |
| Washington and Lee University | Bachelor of Science In Biology | Former |
Mr. Westfall acquired these attributes through his Bachelor of Science and Master s degrees at West Virginia University, in Chemistry and Business Administration respectively, and his experiences as President and Chief Executive Officer of West Virginia United Health System. Mr. Westfall served ten years as Chief Financial Officer and Chief Operating Officer of West Virginia University Hospital. Mr. Westfall has served on the Boards of Directors of various entities, including a financial institution, during his career. Mr. Westfall is independent of Centra.
| Organization | Position | Status |
|---|---|---|
| Centra Bank, Inc. | Chairman | Current |
Director James W. Dailey II is the chairman and owner of W. Harley Miller Contractors, which provides construction services for Centra in the Martinsburg region. In our opinion, the fees for this service, approximately $460,000 in 2008, are at least as favorable to the Bank as would be offered by a nonaffiliated third party.
| Organization | Position | Status |
|---|---|---|
| Centra Bank, Inc. | Chairman and Owner of W. Harley Miller Contractors | Current |
| Centra Bank, Inc. | Board of Directors | Former |
| Organization | Position | Status |
|---|---|---|
| Centra Bank, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Centra Bank, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Centra Bank, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Centra Bank, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Centra Bank, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Centra Bank, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Centra Bank, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Centra Bank, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Swanson Industries, Inc. | Founder and Director | Current |
| Centra Bank, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Centra Bank, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Centra Bank, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Centra Bank, Inc. | Board of Directors | Current |
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