During the corresponding time, Bay Banks Of Virginia Inc recorded a revenue increase by 10.87 % year on year, sequentially revenue grew by 18.5 %. While revenue at the Bay Banks Of Virginia Inc 's corporate clients
Bay Banks Of Virginia Inc's Comment on Sales, Marketing and Customers
The Bank is a state-chartered bank, headquartered in Kilmarnock, Virginia,
and a member of the Federal Reserve System. The Bank has offices in Virginia
throughout the Northern Neck and Middle Peninsulas and in the Greater Richmond
area of central Virginia. It serves businesses, professionals and consumers
with a wide variety of financial services, including retail and commercial banking,
investment services, and mortgage banking. Products include checking accounts,
savings accounts, money market accounts, cash management accounts, certificates
of deposit, individual retirement accounts, commercial and industrial loans,
residential mortgages, commercial mortgages, home equity loans, consumer installment
loans, investment accounts, insurance, credit cards, online banking, telephone
banking, and mobile banking.
The Bank currently has an office located in Kilmarnock, Virginia, three offices
in the Richmond, Virginia metropolitan area, and one office each in White Stone,
Warsaw, Montross, Callao, Burgess, Hartfield and Colonial Beach, Virginia. A
substantial amount of the Bank’s deposits are interest bearing, and the
majority of the Bank’s loan portfolio is secured by real estate. Deposits
of the Bank are insured by the Deposit Insurance Fund of the Federal Deposit
Insurance Corporation (the “FDIC”).
Sources:
Bay Banks Of Virginia Inc’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: Bay Banks Of Virginia Inc’s corporate clients.
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