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CEO of Virginia-based First Bank and Trust to step down

William Hayter will step down as CEO of Lebanon, Va.-based First Bank and Trust Co., effective Aug. 5.

Hayter will remain president of the bank and its parent First Bancorp Inc., and he will remain on both companies' boards.

First Bank and Trust's board named CFO Mark Nelson as the incoming CEO. Eric Moore was named to replace Nelson as CFO. Moore is currently vice president of compliance and Bank Secrecy Act officer.