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                                                                    Exhibit 14
                                 CODE OF ETHICS

Policy Statement

         It is the Policy of Allegheny Bancshares, Inc. to comply fully with all
laws, rules and regulations that apply to our business activities. Strict
adherence to these laws, rules and regulations is an essential requirement for
each director, officer and employee of the Corporation. Each director, officer
and employee must adhere to this Code of Ethics and be aware of the applicable
laws that are important to our business.

         It is the policy of Allegheny Bancshares, Inc. that its employees and
representatives shall not participate in or condone criminal activity directly
or indirectly, in any form. All employees shall report promptly any suspected
illegal activity. In addition, employees who break the law will be subject to
reprimand, including termination.

         Allegheny Bancshares, Inc. does not tolerate retribution against
employees who, in good faith, report suspected violations of law. Employees who
retaliate against others who report suspected criminal activity or violations
will themselves be subject to immediate discipline.

         Please discuss any questions you may have regarding this Code of Ethics
with your supervisor or our Ethics Compliance Officer who can be reached at
304-358-2311. The Ethics Compliance Officer is responsible for overseeing the
implementation of the Code of Ethics and to report improper conduct, as provided
in the Code of Ethics.

General Guidelines for Corporate Conduct

         The following general principles and rules broadly apply to all
employees regardless of the position he or she holds with Allegheny Bancshares,
Inc.

         1. Employees should always conduct all aspects of the Corporation's
business in an ethical manner.

         2. Any employee in a supervisory role is responsible for the conduct of
employees reporting to him or her.

         3. The conduct of each employee with customers, the general public, the
media and other employees must reflect the highest standards of honesty,
integrity and fairness.


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         4. Employees must always cooperate fully in any investigation of
misconduct.

         The following rules and guidelines for business conduct address
specific activities that our employee representatives may be called upon to
undertake from time to time on behalf of Allegheny Bancshares, Inc. However,
because no code could cover every possible question of business activity you
should raise any questions or doubts about specific instances or aspects of
business conduct with your supervisor or the Ethics Compliance Officer.

         In addition, the Chief Executive Officer, Chief Financial Officer and
other senior officers will:

         o        Act with honesty and integrity, avoiding actual or apparent
                  conflicts of interest in personal and professional
                  relationships.

         o        Provide stockholders with information that is accurate,
                  complete, objective, relevant, timely and understandable.

         o        Comply with rules and regulations of federal, state,
                  provincial and local governments, and other appropriate
                  private and public regulatory agencies.

         o        Act in good faith, responsibly, with due care, competence and
                  diligence, without misrepresenting material facts or allowing
                  one's independent judgment to be subordinated.

         o        Respect the confidentiality of information acquired in the
                  course of one's work except when authorized or otherwise
                  legally obligated to disclose.

         o        Confidential information acquired in the course of one's
                  work will not be used for personal advantage.

         o        Share knowledge and maintains skills important and
                  relevant to stockholder's needs.

         o        Proactively promote and be an example of ethical behavior as a
                  responsible person among peers, in the work environment and
                  the community.


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                                                                    Exhibit 14

         o        Achieve responsible use of and control over all assets and
                  resources employed or entrusted.

Business Information and Records

         Employees shall always record information accurately, honestly and in
accordance with all relevant accounting, recordkeeping and document retention
standards. No employee is ever authorized to enter or maintain false or
misleading information in corporate books, records or reports. No circumstances
justify the keeping of "off-the-books" accounts in any form, particularly
accounts established to facilitate or disguise questionable or illegal payments.

         Employees in possession of corporate records are responsible for the
use and safekeeping of them and shall take all reasonable and prudent measures
to safeguard the privacy of employees, customers, and individuals with respect
to information contained in such records.

         Employees shall safeguard all confidential or proprietary interests of
the Corporation in its business and financial information.

Conflicts of Interest

         Employees shall avoid any situation in which the employee's personal
interests conflict with those Allegheny Bancshares, Inc. Employees shall take
every reasonable step to promptly disclose to his or her supervisor or the
Ethics Compliance Officer, any business or financial interest or relationship of
the employee (including his or her immediate family or household), which might
interfere with the best interests of the Corporation.

Trading in Company Stock by Employees

         General Restrictions Against Insider Trading. No employee, officer or
director shall purchase any Allegheny Bancshares, Inc. stock or exercise company
options while in the possession of material non-public information (MNPI)
concerning the company. In general, information will be considered material if a
reasonable investor would consider it important in making his or her investment
decision. Such would include, for example, earnings results, acquisitions,
divestitures, or pending changes in corporate control.


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                                                                    Exhibit 14

Reporting Requirements and Hotline

         It is the responsibility of every director, officer, and employee of
Allegheny Bancshares, Inc. to immediately report to the Ethics Compliance
Officer, illegal, unethical or other improper conduct that he or she has
knowledge, including any violation of this Code of Ethics whether the improper
conduct was committed by an employee of the Corporation, or any other individual
or business entity.

Disciplinary Action

         Appropriate disciplinary action will be taken promptly against any
director, officer or employee, who has violated any applicable federal, state or
local law or regulation, or any violation of this Code of Ethics or any future
version of this Code.

         Among other things, directors, officers and employees of the
Corporation may be disciplined for:

         o        Committing, authorizing, or directing an illegal act.

         o        Failing to exercise proper compliance oversight or tolerating
                  illegal conduct, if acting as supervisor of another employee
                  of the Corporation.

         o        Failing to report illegal business conduct of which he or she
                  directly knows or observes.

         o        Discouraging another director, officer, or employee from
                  reporting a violation of law or the Company's Code of Ethics.

         o        Improperly disclosing the identity of a person who reports a
                  violation of this Code of Ethics.

         o        Retailing or condoning retaliation against any director,
                  officer, or employee of Allegheny Bancshares, Inc. who reports
                  such a violation.

         As examples, the following are not valid excuses for failing to comply
with the law and/or the Code of Ethics and, as such, will not avoid disciplinary
measures:

         o        "A supervisor demanded that I do the illegal, unethical or
                  improper act."

         o        "I thought the conduct was standard practice in our business."


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                                                                   Exhibit 14


        o         "It was a business necessity because it would have cost more
                  to act properly."

        o         "I misinterpreted the law or this Code and did not seek the
                  advice of the Ethics Compliance Officer."

Other Laws

         This Code of Ethics does not attempt to summarize all of your
responsibilities. Questions about your responsibilities not specifically
addressed by this Code of Ethics should be directed to the Ethics Compliance
Office or your supervisor.