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Home > Company Index > Banking > Banking - Mid-Atlantic > City Holding Company

City Holding Company
Nasdaq: CHCO
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 NEWS FROM THE WIRES
City Holding to cut up to 275 jobs, take charges
Jul 31 2001 10:04 AM PDT

More WIRE STORIES about this company

 PROFILE
City Holding is a multibank holding company for City National Bank of West Virginia and other banks operating some 60 branches primarily in West Virginia; the company also has offices in Ohio and California. Targeting individuals and regional businesses, the banks offer standard retail products such as checking and savings accounts, money market accounts, and CDs. Residential mortgages make up about half of the loan portfolio, which also includes commercial and consumer loans. Nonbanking subsidiaries of City Holding provide brokerage and trust services. The troubled company is shedding noncore businesses and looking to unload its California operations; it also plans to cut up to a fifth of its workforce.

 COMPETITION
BB&T Corporation (BBT)
F&M National Corporation (FMN)
United Bankshares, Inc. (UBSI)

 STOCK ANALYSIS
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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 243.90
1-Yr. Sales Growth: (4.4)%
Employees: 1,352
Revenue per employee: $180,399.41

 KEY PEOPLE
• Gerald R. Francis
    CEO
• Charles R. Hageboeck
    CFO

 CONTACT INFO
25 Gatewater Rd.
Charleston, WV 25313
US
Phone: 304-769-1100
Fax: 304-769-1111
Online: Web Site

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