| Business Summary | | Virginia
Commerce
Bancorp,
Inc.
is
the
holding
company
for
Virginia
Commerce
Bank
(the
Bank).
The
Company
engages
in
a
general
commercial
banking
business
through
the
Bank.
The
Bank's
customer
base
includes
small
to
medium-sized
businesses,
including
firms
that
have
contracts
with
the
United
States
government,
associations,
retailers
and
industrial
businesses,
professionals
and
business
executives
and
consumers.
The
Bank's
primary
service
area
consists
of
11
full-service
branches
throughout
the
Northern
Virginia
suburbs
of
Washington
D.C.,
including
Arlington
County,
the
City
of
Alexandria,
Fairfax
County
and
Prince
William
County.
The
Bank
has
one
wholly
owned
subsidiary,
Northeast
Land
and
Investment
Company,
a
Virginia
company
organized
to
hold
and
market
foreclosed
real
estate. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Virginia
Commerce
Bancorp,
Inc.
is
the
holding
company
for
Virginia
Commerce
Bank,
which
provides
loan
and
deposit
products
to
commercial
and
retail
customers
in
the
Washington
Metro
Area.
For
the
three
months
ended
3/01,
interest
income
rose
43%
to
$8
million.
Net
interest
income
after
loan
loss
prov.
rose
29%
to
$3.7
million.
Net
income
rose
51%
to
$938
thousand.
Net
interest
income
reflects
asset
growth,
partially
offset
by
a
lower
net
margin.
Earnings
also
reflect
higher
loan
fees. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| W. Douglas Fisher, 63 Chairman | -- | Peter Converse, 50 Pres,
CEO, Director | $274K | David Guernsey, 53 Vice
Chairman | -- | William Beauchesne, 45 CFO,
Exec. VP | 105K | R. Anderson, Jr., 46 Exec.
VP and CLO | 149K | 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
|
|