| Business Summary | | Virginia
Commonwealth
Financial
Corporation
is
a
bank
holding
company
that
holds
100%
ownership
in
four
affiliate
companies,
Second
Bank
&
Trust,
Caroline
Savings
Bank,
Virginia
Heartland
Bank
and
Virginia
Commonwealth
Trust
Company.
The
Company,
through
its
affiliates,
offers
a
full
array
of
banking,
trust
and
investment
services
through
fourteen
retail
offices
serving
the
counties
of
Caroline,
Culpeper,
Madison,
Orange,
Rockingham,
Spotsylvania,
Stafford
and
the
City
of
Fredericksburg.
The
Banks'
primary
business
is
the
granting
of
residential
real
estate
loans,
commercial
real
estate
loans,
and,
to
a
lesser
extent,
commercial
business
and
consumer
loans,
funded
through
solicitation
of
deposits.
The
trust
subsidiary
provides
investment
management,
trust,
estate
administration
and
financial
planning
services. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | VCFC
is
a
bank
holding
company
for
Second
Bank
and
Trust,
Virginia
Heartland
Bank
and
Virginia
Commonwealth
Trust.
For
the
six
months
ended
6/30/01,
total
interest
income
rose
9%
to
$17.2
million.
Net
interest
income
after
LLP
rose
2%
to
$8.5
million.
Earnings
rose
5%
to
$2.5
million.
Net
interest
income
reflects
increased
earning
assets,
partially
offset
by
increased
deposit
rates.
Net
income
reflects
an
increase
in
fee
income
and
a
growth
on
refinance
activity. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Taylor Gore, 62 Chairman | -- | O. Barham, Jr., 50 Pres,
CEO, Director | $239K | Jeffrey Farrar, 40 CFO,
Exec. VP | 121K | Edward Allison, Jr., 62 Sr.
VP and Sec. | 145K | 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.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|