Community Bankers Trust Corporation, formerly Community Bankers Acquisition, is the holding company for the Bank of Essex and TransCommunity Bank. Additional divisions of TransCommunity operate as Bank of Goochland, Bank of Powhatan, Bank of Louisa, and Bank of Rockbridge. The company grew in 2008 when it merged with former bank holding companies TransCommunity Financial and BOE Financial Services of Virginia. The company now includes about a dozen bank branches west and north of Richmond, Virginia. Subsidiaries offer securities and insurance products. Community Bankers Trust expanded into Georgia when it acquired the branches and deposits of The Community Bank, which was the 20th bank to fail in 2008.