Eagle Financial Services, Inc. is a bank holding company that was incorporated
in 1991. The company is headquartered in Berryville, Virginia and conducts its
operations through its subsidiary, Bank of Clarke County (the “Bank”).
The Bank is chartered under Virginia law.
The Bank has twelve full-service branches and one drive-through only facility.
The Bank’s main office is located at 2 East Main Street in Berryville,
Virginia. The Bank opened for business on April 1, 1881. The Bank has offices
located in Clarke County and Frederick County, as well as the Towns of Leesburg,
Purcellville, and Ashburn, and the City of Winchester. This market area is located
in the Shenandoah Valley and Northern Virginia.
The Bank offers a wide range of retail and commercial banking services, including
demand, savings and time deposits and consumer, mortgage and commercial loans.
The Bank has thirteen ATM locations in its trade area and issues both ATM cards
and Debit cards to deposit customers. These cards can be used to withdraw cash
at most ATM’s through the Bank’s membership in both regional and
national networks. These cards can also be used to make purchases at retailers
who accept transactions through the same regional and national networks. The
Bank offers telephone banking, internet banking, and mobile banking to its customers.
Internet banking also offers online bill payment to consumer and commercial
customers. The Bank offers other commercial deposit account services such as
ACH origination and remote deposit capture.
Eagle Investment Group (“EIG”) offers both a trust department and
investment services. The trust services division of EIG offers a full range
of personal and retirement plan services, which include serving as agent for
bill paying and custody of assets, as investment manager with full authority
or advisor, as trustee or co-trustee for trusts under will or under agreement,
as trustee of life insurance trusts, as guardian or committee, as agent under
a power of attorney, as executor or co-executor for estates, as custodian or
investment advisor for individual retirement plans, and as trustee or trust
advisor for corporate retirement plans such as profit sharing and 401(k) plans.
The brokerage division of EIG offers a full range of investment services, which
include tax-deferred annuities, IRAs and rollovers, mutual funds, retirement
plans, 529 college savings plans, life insurance, long term care insurance,
fixed income investing, brokerage CDs, and full service or discount brokerage
services. Non-deposit investment products are offered through a third party
provider.
In addition to the Bank, as of December 31, 2014, the Company had a wholly owned
subsidiary, Eagle Financial Statutory Trust II, which was formed in connection
with the issuance of $7,000,000 in trust preferred securities in 2007. On August
7, 2015, the Eagle Financial Statutory Trust II was dissolved. The Company’s
subsidiary, Bank of Clarke County, is a partner in Bankers Title Shenandoah,
LLC, which sells title insurance and is an investor in Virginia Bankers Insurance
Center, LLC, which serves as the broker for insurance sales through its member
banks. Bank of Clarke County is also an investor in State Theatre Owner, LLC
which rehabilitated the State Theatre of Culpeper, Virginia and is an investor
in Moore Street Investor, LLC which is rehabilitating two buildings located
in Richmond, Virginia.