Bank Of The James Financial Group Inc
Bank of the James Financial Group, Inc. is a bank holding company with its
headquarters in Lynchburg, Virginia. Financial was incorporated at the direction
of Bank of the James on October 3, 2003 to serve as a bank holding company of
the Bank. Financial acquired all of the shares of the Bank in a statutory share
exchange on a one-for-one basis on January 1, 2004.
The Bank is a Virginia banking corporation headquartered in Lynchburg, Virginia.
The Bank was incorporated under the laws of the Commonwealth of Virginia as
a state chartered bank in 1998 and began banking operations in July 1999. The
Bank was organized to engage in general retail and commercial banking business.
The Bank was organized in part as a response to the loss of many of the Central
Virginia, Region 2000 area’s local financial institutions through mergers
with larger, non-local banks and bank holding companies. The organizers perceived
that local customers who once relied on experienced personal attention were
being forced to use 800 numbers, computerized menus, and persons in other localities
who were not familiar with their needs.
The Bank opened for business on July 22, 1999 to fill this void left in the
Region 2000 market. The Bank’s organizers recognized that an opportunity
existed to create a banking institution designed exclusively for a market that
expected personalized service. The idea was to build a financial institution
staffed with experienced professionals who would place a high value on knowing
their customers and serving their distinctive banking needs. This remains our
philosophy today.
Management believes that the key to the Bank’s success lies in providing
Bank customers with personalized service while providing products and services
that meet their banking needs.
The Bank currently conducts business within Virginia from ten full-service
offices and three limited service offices, one loan production office, and three
mortgage production offices. Four of the full-service offices are located in
Lynchburg, Virginia, one full-service location is located in Madison Heights,
Virginia, one is located in the Town of Amherst, Virginia, one is located in
Forest, Virginia, one is located in the City of Bedford, Virginia, one is located
in the Town of Altavista, Virginia, and one is located in the City of Harrisonburg,
Virginia. Of the limited services branches, one is located in the Westminster-Canterbury
facilities in Lynchburg, one is located in the Westminster-Canterbury facilities
in Charlottesville, Virginia and one is located in the Pantops area of Charlottesville.
The Bank established a mortgage loan origination division that conducts business
under the name “Bank of the James Mortgage, a Division of Bank of the
James.” The mortgage division conducts business primarily from the division’s
main office located in the Forest branch of the Bank.
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