| Business Summary | | First
Virginia
Banks,
Inc.
(FVBI)
is
a
multibank
holding
company
that
currently
operates
nine
commercial
banks.
In
addition,
FVBI
owns,
directly
or
indirectly
through
its
banking
companies,
several
non-banking
companies,
which
offer
bank-related
services.
The
non-banking
companies
operate
offices
in
the
banks'
markets,
which
provide
services
to
customers
of
the
banking
companies
and
in
addition
have
offices
in
adjoining
states.
FVBI
is
the
largest
bank
holding
company
and
the
fifth
largest
banking
organization
in
Virginia.
The
Company
had
total
assets
of
$9.516
billion
as
of
December
31,
2000. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | First
Virginia
Banks
Inc.
is
a
bank
holding
company
for
nine
commercial
banks.
For
the
six
months
ended
6/30/01,
total
interest
income
rose
2%
to
$321.4
million.
Net
interest
income
after
loan
loss
provision
fell
less
than
1%
to
$207.3
million.
Net
income
applicable
to
Comm.
rose
13%
to
$77.6
million.
Net
interest
income
reflects
an
increase
in
loans,
offset
by
an
increase
in
interest
on
deposits.
Earnings
reflect
the
sale
of
interest
in
Star
Systems,
Inc
and
Concord
EFS,
Inc. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Barry Fitzpatrick, 60 Chairman,
Pres, CEO | $1.2M | $137K | Richard Bowman, 48 Exec.
VP, Treasurer, CFO | 492K | 339K | Shirley Beavers, Jr., 55 Sr.
Exec. VP | 531K | 236K | Raymond Brann, Jr., 60 Exec.
VP | 504K | 329K | Thomas Jennings, 53 Sr.
VP, Gen. Counsel | 225K | 19K | 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
|
|