ABINGDON, Va. — Tim Schools has resigned as president and CEO of Highlands Bankshares Inc. and president and CEO of Highlands Union Bank, the bank announced last Wednesday.
Schools, who had been with Highlands since 2015, has accepted a position with another financial institution, according to a news release.
The Board of Directors has appointed Bryan Booher as interim president and interim CEO of Highlands Union Bank and Highlands Bankshares Inc., subject to regulatory approval, the release states. Booher has served Highlands for 15 years, most recently in the role of chief risk officer.
“On behalf of the Board, I would like to thank Tim for his efforts over the past four years to strengthen our organization,” said Rob Moser, chairman of the Board of Directors for Highlands Union Bank. “Tremendous strides have been made towards the vitalization of Highlands. We are well-positioned to move forward, all the while maintaining our commitment to provide our customers with the best products and services in the industry.”
The boards of the company and bank have initiated a search process to identify a permanent replacement.