| Business Summary | | BOE
Financial
Services
of
Virginia
Inc.
is
a
bank
holding
company
that
owns
all
of
the
stock
of
its
sole
subsidiary,
Bank
of
Essex
(the
Bank).
The
Bank
provides
commercial,
residential
and
consumer
loans,
as
well
as
a
variety
of
deposit
products
to
its
customers
in
the
Northern
Neck,
Middle
Peninsula
and
Richmond
regions
of
Virginia.
The
Bank
operates
six
full-service
offices
and
offers
a
wide
range
of
financial
services,
including
individual
and
commercial
demand
and
time
deposit
accounts,
commercial
and
consumer
loans,
travelers'
checks,
safe
deposit
box
facilities,
investment
services
and
fixed-rate
residential
mortgages.
Essex
Services,
Inc.
is
a
wholly
owned
subsidiary
of
the
Bank
and
was
formed
to
sell
title
insurance
to
the
Bank's
mortgage
loan
customers.
At
December
31,
2000,
the
Company
had
total
assets
of
$193.9
million,
total
deposits
of
$164.3
million
and
total
stockholders'
equity
of
$17.2
million. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | BOE
Financial
Services
of
Virginia
is
a
community
bank
that
operates
six
full
service
offices
in
Richmond
and
surrounding
Virginia
counties.
For
the
six
months
ended
6/30/01,
total
interest
income
rose
11%
to
$7.5
million.
Net
interest
income
after
loan
loss
prov.
rose
2%
to
$3.3
million.
Net
income
rose
2%
to
$889
thousand.
Net
interest
income
reflects
higher
loan
volume,
partially
offset
by
higher
interest
on
deposits.
Higher
income
reflects
higher
service
charges. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Robert Hutchinson, 68 Chairman | -- | George Longest, Jr., 40 Pres,
CEO, Director | $96K | Bruce Thomas, 37 CFO,
VP, Sec. | -- | Suzanne Rennolds, 51 VP
of HR and Branch Admin.s | -- | Bonnie Courtney, 47 VP,
Operations | -- | 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
|
|