| Business Summary | | Virginia
Financial
Corporation
serves
as
the
holding
company
of
Planters
Bank
&
Trust
Company
of
Virginia
(the
Bank).
The
Bank
serves
general
retail
customers
and
businesses
within
a
trade
area
that
encompasses
the
counties
of
Augusta,
Rockbridge
and
Rockingham.
The
Bank
also
services
lumbering
operations,
paving
facilities
and
quarrying
concerns,
as
well
as
dairy
and
beef
cattle
operations
and
some
sheep
operations.
In
addition,
various
manufacturing
concerns,
employing
from
10
to
2,000
persons,
are
served.
Principal
services
offered
and
rendered
by
the
Bank
include
Savings
Account
Products,
Investment
Products,
and
Trust
Services.
The
Bank
also
offers
additional
services,
such
as
banking
by
fax
or
mail,
drive-in
banking,
night
depositories,
money
orders,
travelers'
checks
and
safe
deposits.
In
addition,
the
Bank
has
automated
teller
machines,
overdraft
protection,
24-hour
banking
by
phone,
bankcard
services,
Internet
banking,
Bank
at
Your
Desk
and
Press
&
Pay
Bill
Payment
Service | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Virginia
Financial
Corporation
is
a
one
bank
holding
Company
for
the
Planters
Bank
and
Trust
Company
of
Virginia.
The
Bank
operates
its
branches
within
the
state
of
Virginia.
For
the
six
months
ended
6/30/01,
interest
income
rose
5%
to
$17.9
million.
Net
interest
income
after
LLP
rose
1%
to
$8.9
million.
Net
income
fell
6%
to
$2.9
million.
Results
reflect
increased
earning
assets,
partially
offset
by
higher
cost
of
funds.
Net
income
reflects
increased
salary
and
benefit
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Harry Boney, Jr., 67 Chairman,
Pres, and Pres of the Bank | -- | William Heath, Jr., 55 Pres | $199K | Fred Bowers, 64 Sec./Treasurer | 135K | Thomas Davis, 56 Sr.
Trust Officer, Planters Bank & Trust Company of Virginia | 117K | 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
|
|