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Benchmark Bankshares names successor to retiring CEO

Benchmark Bankshares Inc. CEO Michael Walker is set to retire from his leadership position and board role in May 2017.

He will serve as an adviser to management and the board despite the cessation of his involvement in the firm's operations on a day-to-day basis after his retirement. He has led the company and Benchmark Community Bank as president and CEO for more than a decade.

Jay Stafford will become president and CEO of both the company and the bank upon Walker's retirement. Stafford was named president of the bank in May.