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. Leech
Number of Employees 174
Contact Information

13126 Pennsylvania Ave

Hagerstown, Maryland 21742

www.centrabank....

1 301 739 1930

NAICS Code Commercial Banking: 522110

News & Analysis

centra bank inc. - All News and Analysis

  • Magazine Lists Centra Bank As Fastest-Growing in the U.S.

    - 2007-08-24

    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.

    Tags: bank, Centra Software

  • Centra Bank Develops a Successful Recipe

    - 2007-05-25

    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.

    Tags: bank, Centra Software

  • Another Centra Bank Opens in Region

    - 2007-02-01

    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.

    Tags: bank, Centra Software

  • Rapid Expansion Propels Centra Bank Into Pa.

    - 2006-04-28

    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...

    Tags: bank, Centra Software

  • ENTREPRENEUR OF THE YEAR: DOUGLAS J. LEECH, Founder, Centra Bank Inc.

    - 2002-06-24

    MORGANTOWN - Douglas J. Leech has never been one to follow the pack.Leech, the 47-year-old founder of Centra Bank Inc., decided too many businesses eschew the human touch relying on computer voices and digital menus to field customer queries, and choosing youth over experience when it comes to staffing.Determined to...

    Tags: Centra Bank Inc.

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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