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Home > Company Index > Banking > Banking - Mid-Atlantic > First Virginia Banks, Inc.

First Virginia Banks, Inc.
NYSE: FVB
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 PROFILE
Multibank holding company First Virginia Banks has 10 subsidiary banks operating more than 370 branches in Virginia, Maryland, and Tennessee. The banks offer standard deposit products, as well as credit card, trust, international banking, and investment services. Automobile loans represent about half of the banks' portfolio; they also make home equity, residential mortgage, commercial real estate, construction, and commercial loans. Subsidiaries sell multiline insurance and write second mortgages in southeastern and mid-Atlantic states. First Virginia Banks bought Virginia-based James River Bankshares and is selling its Tennessee subsidiary First Vantage Bank to National Commerce Financial Corporation.

 COMPETITION
Bank of America Corporation (BAC)
First Union Corporation (FTU)
Wachovia Corporation (WB)

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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 761.80
1-Yr. Sales Growth: (2.0)%
Employees: 5,399
Revenue per employee: $141,100.20

 KEY PEOPLE
• Barry J. Fitzpatrick
    CEO
• Richard F. Bowman
    CFO

 CONTACT INFO
6400 Arlington Blvd.
Falls Church, VA 22042
US
Phone: 703-241-4000
Fax: 703-241-3090
Online: Web Site

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