| Business Summary | | Community
Bankshares
Incorporated
is
a
bank
holding
company
that
serves
the
marketplace
primarily
through
its
wholly
owned
banking
subsidiary,
Commerce
Bank.
Through
Commerce
Bank's
network
of
banking
facilities,
Community
Bankshares
provides
a
wide
range
of
commercial
banking
services
to
individuals,
small
to
medium-sized
businesses,
institutions
and
governments,
located
in
Virginia.
The
Company
conducts
substantially
all
of
the
business
operations
of
a
typical
independent
commercial
bank,
including
the
acceptance
of
checking
and
savings
deposits,
the
making
of
commercial,
real
estate,
personal,
home
improvement,
automobile
and
other
installment
loans.
The
Company
also
offers
other
related
services,
such
as
traveler's
checks,
safe
deposit
boxes,
depositor
transfer,
customer
note
payment,
collection,
notary
public,
escrow,
drive-in
and
ATM
facilities,
and
other
customary
banking
services.
Community
Bankshares
does
not
offer
trust
services. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Community
Bankshares
/VA/
is
a
bank
holding
company
for
The
Community
Bank,
Commerce
Bank
of
Virginia
and
County
Bank
of
Chesterfield.
For
the
six
months
ended
6/30/01,
total
interest
income
rose
4%
to
$15.6
million.
Net
interest
income
after
loan
loss
provision
fell
2%
to
$7.9
million.
Net
income
fell
7%
to
$2.8
million.
Net
interest
income
reflects
higher
average
loan
balances,
offset
by
increased
interest
paid
on
deposits.
Earnings
reflect
lower
real
estate
gains. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Sam Beale, 63 Chairman
of Directors | -- | -- | Nathan Jones, III, 55 Pres,
Director and CEO of the Company and The Community Bank | $235K | $25K | H. Richeson, 59 Pres,
CEO of County Bank of Chesterfield; Director of the Company | 217K | -- | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|