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#
31

Centra Bank

Community bank

Douglas J. Leech
Company Details
Location: Morgantown, WV
Founders: Douglas J. Leech, 53
Year Started: September 1999
Initial Investment: $10M

Turned a Profit: 2002
First Million: 2002

2002 Sales: $3.6M
2006 Sales: $53.8M

Number of Employees:
Day 1: 14
2006: 250
2007: 272*

* Projected by 2008
Company Background
Douglas J. Leech started Centra Bank because he believed that local individuals, professionals and business owners are best served by a bank focused solely on serving the community. One hundred percent of the deposits and money invested in Centra Bank from local residents and businesses are invested in loans that result in job creation in that same town. His secret to success has been hiring staff that work with a sense of urgency and excitement.
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