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Washington, D.C. 20549

(Name of Issuer)

(Title of Class of Securities)

(CUSIP Number)

(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)

(Date of Event Which Requires Filing of this Statement)

 

 

CUSIP No.		203612 106

1) All of such shares are held of record by Community Bankers Acquisition LLC, of which the Reporting Person is the sole manager and has sole dispositive power as to such shares. Includes 239,240 shares issuable upon exercise of warrants to purchase common stock which warrants are exercisable in the event there is an effective registration statement covering the issuance of the shares but does not include 1,052,184 shares issuable upon exercise of 1,052,184 warrants to purchase common stock which are subject to restrictions on disposition, including exercise, as described below.

2) Percentage is calculated pursuant to Rule 13d-3 based on 21,463,483 shares outstanding as of June 12, 2008.

NOTE: This Schedule 13D amends the Schedule 13G previously filed with the SEC by the Reporting Person on January 10, 2008.

Item 1. Security and Issuer

This statement on Schedule 13D relates to the shares of common stock, par value $0.01 per share (the “Common Stock”), of Community Bankers Trust Corporation, formerly Community Bankers Acquisition Corp., a Delaware corporation (the “Issuer”), with principal executive offices at 4235 Innslake Drive, Ste. 200, Glen Allen, VA 23060.

Item 2. Identity and Background

(a)-(c) This schedule is being filed by Gary A. Simanson (the “Reporting Person”) with business address at 9912 Georgetown Pike, Ste. D203, Great Falls, VA 22066. Mr. Simanson’s principal occupation is Vice Chairman and Chief Strategic Officer of the Issuer.

(d)-(e) During the past five years, the Reporting Person has not been convicted in a criminal proceeding (excluding traffic violations and similar misdemeanors) and has not been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.

(f) The Reporting Person is a citizen of the United States.

Item 3. Source and Amount of Funds or Other Consideration

The acquisition by the Reporting Person of the shares as reported below was financed pursuant to a loan through RBC, Introducing Broker, Legend Merchant Group, LLC.

Item 4. Purpose of Transaction

The acquisition of shares reported herein was effected in support of the previously announced merger between the Issuer and TransCommunity Financial Corporation.

Except as set forth herein, the Reporting Person has no present plans or proposals that relate to or that would result in any of the actions specified in clauses (a) through (j) of Item 4 of Schedule 13D of the Act.

Item 5. Interest in Securities of the Issuer

(a-c) The aggregate number of shares of Common Stock to which this Schedule 13D relates is 1,412,500 shares held in the name of Community Bankers Acquisition LLC, a Delaware limited liability company, of which the Reporting Person is the sole manager and has sole dispositive power, and an additional 239,240 shares issuable upon exercise of outstanding warrants to purchase common stock also held in the name of the Community Bankers Acquisition LLC. Such shares held by the Reporting Person do not include 1,052,184 shares issuable upon exercise of 1,052,184 Warrants to purchase Common Stock, which warrants are subject to restrictions on disposition, including exercise, through June 8, 2010, pursuant to option agreements between Community Bankers Acquisition LLC and certain third party option holders. The Reporting Person, as manager of Community Bankers Acquisition LLC, has sole power, directly or indirectly, to dispose or to direct the disposition of all of the shares of Common Stock reported herein and the power to vote or to direct the vote with respect to 1,101,740 of the shares of Common Stock reported herein. Such shares constitute, in accordance with Rule 13d-3, approximately 7.6% of the 21,463,483 outstanding shares of the Issuer’s Common Stock as of June 12, 2008. The Reporting Person has not effected any transactions other than those reported herein during the past 60 days other than the following:

On May 30, 2008, the Reporting Person acquired 738,606 shares of Common Stock in a block transaction at a price of $7.73 and on such date sold 75,000 of such shares at a price of $7.73 per share pursuant to a block transaction. On June 3, 2008, the Reporting Person transferred 575,000 shares of Common Stock acquired in April 2005 to Community Bankers Acquisition LLC for nominal value; and sold 68,290 shares of Common Stock at a price of $6.00 per share. On June 5, 2008, the Reporting Person sold 595,316 shares at $5.25 per share pursuant to a block transaction.

(d) No other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such Common Stock.

(e) Not applicable.

Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer

The Reporting Person is party to a registration rights agreement with the Issuer pursuant to which the holder of a majority of the shares held by the stockholders party to the registration rights agreement can cause the Issuer to register all or a portion of the Issuer’s shares held by them beginning on the date such shares are released from escrow. In addition, these stockholders have certain “piggy-back” registration rights on registration statements filed subsequent to such date. The Issuer will bear the expenses incurred in connection with the filing of any such registration statements.

As reported by Community Bankers Acquisition LLC, such entity has granted options to purchase up to 1,052,184 shares and up to 1,052,184 warrants to certain third parties pursuant to the terms set forth in Option Agreements, the form of which is attached as Exhibit 99.3. All of the shares of Common Stock outstanding immediately prior to the Issuer’s initial public offering, including 862,500 shares of Common Stock held by the Reporting Person, are held in escrow pursuant to a Stock Escrow Agreement dated as of June 8, 2006, between the Issuer, certain initial stockholders including the Reporting Person and Continental Stock Transfer & Trust Company until June 2, 2009, and subject to irrevocable instructions that such shares thereafter shall be retained and held in escrow pursuant to the terms of the Option Escrow Agreement dated as of May 28, 2008, between the Reporting Person and Continental Stock Transfer & Trust Co. along with the warrants until the earlier of distribution in accordance therewith or June 8, 2010, the form of which Option Escrow Agreement is attached as Exhibit 99.4.

Item 7. Material to be Filed as Exhibits

Exhibit 99.1 Registration Rights Agreement entered into by the Issuer and certain of its stockholders (included as Exhibit 10.3 to the Issuer’s Quarterly Report on Form 10-Q on November 14, 2007 (File No. 001-32590) and incorporated herein by reference.

Exhibit 99.2 Stock Escrow Agreement entered into by the Issuer and certain of its stockholders (included as Exhibit 10.2 to the Issuer’s Quarterly Report on Form 10-Q on November 14, 2007 (File No. 001-32590) and incorporated herein by reference.

*Exhibit 99.3 Option Agreement entered into between Community Bankers Acquisition LLC and certain third parties.

*Exhibit 99.4 Option Escrow Agreement entered into between Community Bankers Acquisition LLC and Continental Stock Transfer & Trust Co.

* Filed herewith

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Dated: June 13, 2008		/s/ Gary A. Simanson
		Name: Gary A. Simanson