| Business Summary | | Century
Bancshares,
Inc.
is
a
bank
holding
company
for
Century
National
Bank
(the
Bank),
a
full-service
bank
that
provides
a
broad
line
of
financial
products
and
services
to
small-
and
middle-market
businesses
and
individuals
in
the
greater
Washington,
DC
metropolitan
area.
With
the
August
2000
addition
of
a
branch
in
Reston,
Virginia,
the
Company
operated,
as
of
year-end
2000,
seven
full-service
banking
offices,
two
in
downtown
Washington,
DC,
four
in
northern
Virginia,
and
one
in
Bethesda,
Maryland,
as
well
as
a
loan
production
office
in
Rockville,
Maryland,
and
an
insurance
agency.
On
March
15,
2001,
the
Company
consummated
its
merger
with
GrandBanc,
Inc.,
the
holding
company
of
GrandBank.
The
Company
intends
to
merge
GrandBank
into
the
Bank
prior
to
the
close
of
the
second
quarter
of
2001.
As
of
December
31,
2000,
the
Company
had
total
assets
of
$291.7
million,
total
loans
of
$196.9
million,
total
deposits
of
$224.7
million
and
total
stockholders'
equity
of
$17.6
million. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | CTRY
is
a
bank
holding
company
for
Century
National
Bank,
a
full-service
bank
operating
in
Virginia,
Maryland
and
Washington,
D.C.
For
the
six
months
ended
6/30/01,
total
interest
income
rose
24%
to
$15.4
million.
Net
interest
income
after
loan
loss
prov.
rose
1%
to
$6.5
million.
Net
income
fell
54%
to
$414
thousand.
Results
reflect
higher
average
loan
balances,
partially
offset
by
higher
interest
expenses.
Earnings
were
offset
by
a
$2
million
merger
related
expense. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Joseph Bracewell, 54 Chairman,
Pres, CEO of the Company and the Bank | $253K | $1.1K | John Cope, 58 Director
and VP | -- | -- | William Oldaker, 59 Sec. | -- | -- | 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
|
|