| Business Summary | | Union
Bankshares
Corporation
is
a
multi-bank
holding
company.
The
Company
provides
financial
services
through
its
four
affiliated
community
banks,
Union
Bank
&
Trust
Company,
Northern
Neck
State
Bank,
Rappahannock
National
Bank
and
the
Bank
of
Williamsburg
(collectively,
the
Subsidiary
Banks),
and
two
non-bank
financial
services
affiliates,
Union
Investment
Services,
Inc.
and
Mortgage
Capital
Investors,
Inc.
Through
its
Subsidiary
Banks,
the
Company
operated
29
branches
in
its
primary
trade
area
at
year-end
2000.
Each
of
the
Subsidiary
Banks
is
a
full-service
retail
commercial
bank,
offering
a
wide
range
of
banking
and
related
financial
services,
including
checking,
savings,
certificates
of
deposit
and
other
depository
services
and
loans
for
commercial,
industrial,
residential
mortgage
and
consumer
purposes.
The
Company
had
assets
of
$882
million,
deposits
of
$692
million
and
shareholders'
equity
of
$78
million,
as
of
December
31,
2000. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | United
Bankshares
Corp.,
is
a
multi-bank
holding
co.,
operates
four
banking
subsidiaries,
a
discount
brokerage
company
and
a
mortgage
company.
For
the
six
months
ended
6/30/01,
interest
income
rose
5%
to
$33.1
million.
Net
interest
income
after
LLP
rose
5%
to
$15.1
million.
Net
income
rose
68%
to
$5.6
million.
Net
interest
income
reflects
increased
loans
and
a
decrease
in
provision
for
loan
losses.
Net
income
reflects
a
strong
performance
of
the
community
bank
segment. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Ronald Hicks, 54 Chairman | -- | G. William Beale, 51 Pres,
CEO, Director of the Company and Pres of the Bank | $213K | Charles Ryland, 87 Vice
Chairman, Director | -- | D. Anthony Peay, 40 CFO,
Sr. VP | -- | 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
|
|