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Home > Company Index > Banking > Banking - Southeast > Virginia Commonwealth Financial Corporation

Virginia Commonwealth Financial Corporation
Nasdaq (SC): VCFC
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 PROFILE
Virginia Commonwealth Financial is the multibank holding company for Second Bank & Trust, Virginia Heartland Bank, and Caroline Savings Bank. Serving northern Virginia through about 15 branches, the banks originate real estate mortgages (more than two-thirds of the company's loan portfolio), as well as construction, commercial, and consumer loans. The banks attract deposits by offering checking, savings, and money market accounts, and certificates of deposit. The holding company also owns Virginia Commonwealth Trust Company. Virginia Commonwealth Financial is merging with Virginia Financial Corporation, the parent of Planters Bank & Trust Company of Virginia, to form Virginia Financial Group.

 COMPETITION
First Union Corporation (FTU)
First Virginia Banks, Inc. (FVB)
Union Bankshares Corporation (UBSH)

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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 36.50
1-Yr. Sales Growth: 24.1%
Employees: 189
Revenue per employee: $193,121.69

 KEY PEOPLE
• O. R. Barham
    CEO
• Jeffrey W. Farrar
    CFO

 CONTACT INFO
102 S. Main St.
Culpepper, VA 22701
US
Phone: 540-825-4800
Fax: 540-825-7568
Online: Web Site

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