| Business Summary | | Eastern
Virginia
Bankshares,
Inc.
is
a
bank
holding
company
that
provides
full
banking
services,
including
commercial
and
consumer
demand
and
time
deposit
accounts,
commercial
and
consumer
loans,
Visa
and
MasterCard
revolving
credit
accounts,
drive-in
banking
services
and
automated
teller
machine
transactions
through
its
wholly
owned
subsidiaries,
Southside
Bank,
Bank
of
Northumberland,
Inc.
and
Hanover
Bank.
The
areas
served
by
the
Company
are
primarily
the
Virginia
counties
of
Essex,
Northumberland,
King
&
Queen,
King
William,
Richmond,
Lancaster,
Hanover,
Gloucester,
Middlesex
and
Caroline. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Eastern
Virginia
Bankshares
is
a
bank
holding
company
for
Southside
Bank
and
Bank
of
Northumberland,
with
12
offices
in
Virginia.
For
the
six
months
ended
6/30/01,
total
interest
income
rose
9%
to
$16.3
million.
Net
interest
income
after
loan
loss
provision
rose
less
than
1%
to
$7.9
million.
Net
income
fell
14%
to
$2.5
million.
Results
reflect
increased
earning
asset
balances,
offset
by
increased
salaries
and
benefits
and
one-time
retirement
costs. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Robert Covington, 75 Chairman | -- | Thomas Boyd, Jr., 60 Pres
and CEO | $147K | F. Garett, III, 61 Vice
Chairman | -- | Ned Stephenson, 47 Exec.
VP | -- | Lewis Reynolds, 50 Sr.
VP, Director | 119K | 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
|
|