Pioneer Community Bank, located in Iaeger, West Virginia, stands as a long-established financial institution deeply rooted in the local community. For nearly a century, this corporation has been serving the residents and businesses of McDowell County and beyond. Officially incorporated as a Corporation (C type), Pioneer Community Bank’s history dates back to its establishment and effective date on December 31, 1930. This enduring presence reflects its commitment to the financial well-being of the region.
Decades of Service in McDowell County, WV
Originally chartered in McDowell County, West Virginia, Pioneer Community Bank has maintained its domestic status since its inception. The bank operates as a profit organization, demonstrating its sustainable business model and contribution to the local economy. With an initial capital stock of $25,000 and a par value of $25 per share, the bank was authorized to issue 1,000 shares, showcasing its early financial structure. This foundation allowed Pioneer Community Bank to grow and adapt to the evolving financial needs of Iaeger and surrounding areas.
Convenient Locations and Contact Information
Pioneer Community Bank’s main office is strategically located at 5229 COAL HERITAGE RD in Iaeger, WV, 24844. This address serves as the Local Office Address and Principal Office Address, ensuring a central point of contact for customers. For mailing purposes, the bank utilizes P O BOX 368, also in Iaeger, WV, 24844. For legal notifications, the Notice of Process Address is directed to Gregory S. Shupe at P.O. Box 368 in Iaeger, WV, 24844, ensuring efficient communication for official matters.
Leadership and Dedicated Officers
The leadership of Pioneer Community Bank is composed of experienced individuals dedicated to guiding the institution and serving its customers. Carl Roop serves as the Chairman of the Board of Directors, located in Beckley, WV. Christopher Vaught, along with seven other directors, also contributes to the bank’s governance from Beckley. Key officers managing the day-to-day operations include Gregory S. Shupe, President, based in Beckley, WV; Tonya Justice, Secretary, from Jolo, WV; and Kristy R. Kennedy, Vice-President, located in Mt. Hope, WV. The incorporators who played a crucial role in the bank’s formation were J. W. Strickler of Welch, WV, and E. W. Cook of Iaeger, WV.
Branching Out and Trade Names
Pioneer Community Bank has expanded its services under various trade names, reflecting its growth and reach within the region. Operating primarily under the DBA name “PIONEER COMMUNITY BANK” since April 21, 1999, the bank has also utilized specific branch designations. These include “PIONEER COMMUNITY BANK – HARPER ROAD” (active since November 10, 2022) and “PIONEER COMMUNITY BANK – SOPHIA BRANCH” (active since November 29, 2012). Historically, branches like “PIONEER COMMUNITY BANK – BRADSHAW BRANCH” and “PIONEER COMMUNITY BANK – NORTHFORK BRANCH,” along with locations in War and Welch, were also part of the Pioneer Community Bank network, indicating a broad service footprint in the past. More recently, “PIONEER COMMUNITY BANK INC.- BECKLEY BRANCH” has been operating since March 12, 2019, further extending its presence.
A History of Growth and Adaptation
Pioneer Community Bank’s journey reflects significant milestones and adaptations throughout its long history. A pivotal moment was the change of name from THE BANK OF IAEGER to PIONEER COMMUNITY BANK, INC. on April 21, 1999, marking a new chapter in its corporate identity. Prior to this, a merger with IAEGER INTERIM BANK, INC. on April 3, 1996, strengthened its foundation. The bank has also consistently increased its capital stock over the decades, demonstrating financial strength and growth, with increases recorded in 1977, 1965, and 1950. These amendments highlight Pioneer Community Bank’s proactive approach to development and its enduring commitment to serving the community of Iaeger, West Virginia.
For further details, you can contact the West Virginia Secretary of State’s Office at 304-558-8000.
