OAK HILL, WV (LOOTPRESS) – The former BB&T bank building in downtown Oak Hill has officially been sold, ending the city’s ownership of the property following years of uncertainty surrounding its future.
Oak Hill City Manager Anthony Treadway confirmed during Monday night’s City Council meeting that the sale of the building at 101 East Main Street closed on November 5, 2026.
According to Treadway, the property was sold for $325,000 to Alan Greenstein, trustee of the Alan Greenstein Revocable Trust, under a purchase agreement dated September 30.
As part of the transaction, the city paid $452,774.61 to satisfy the existing loan and clear the property’s title. An additional $350 was paid for deed preparation.
The sale price was $350,000 less than the $675,000 the city paid to purchase the building in 2022.
The city originally purchased the former bank with plans to renovate it into a new City Hall. However, those plans were later abandoned following controversy surrounding the project.
In 2024, a resolution authorized the Oak Hill Building Commission to sell the property.
The building was placed under contract earlier this fall, with city officials previously anticipating that the sale would close in October.
Treadway also reported that the “for sale” sign was removed from the property on Friday, November 6, one day after the transaction closed.
The sale officially transfers the former bank building out of city ownership. Plans for the property’s future under its new owner have not been announced.
