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  September 5, 2001
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Home > Company Index > Banking > Banking - Mid-Atlantic > Virginia Commerce Bancorp, Inc.

Virginia Commerce Bancorp, Inc.
Nasdaq: VCBI
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 PROFILE
Virginia Commerce Bancorp is the holding company for Virginia Commerce Bank, which has built up a department to finance government contracts to help the numerous technology firms in northern Virginia and metropolitan Washington, DC (where the bank has about a dozen offices). In addition to its entrepreneurial financing, the bank offers residential mortgages (65% of its loan portfolio), consumer loans, and other commercial and consumer financing services. Its deposit accounts include standard checking, savings, and money market accounts, as well as certificates of deposit. The bank's subsidiary Northeast Land and Investment Company holds foreclosed real estate.

 COMPETITION
BB&T Corporation (BBT)
Bank of America Corporation (BAC)
Wachovia Corporation (WB)

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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 29.40
1-Yr. Sales Growth: 40.7%
Employees: 123
Revenue per employee: $239,024.39

 KEY PEOPLE
• Peter A. Converse
    CEO
• William K. Beauchesne
    CFO

 CONTACT INFO
5350 Lee Hwy.
Arlington, VA 22207
US
Phone: 703-534-0700
Fax: 703-534-1782
Online: Web Site

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