During the corresponding time, Cordia Bancorp Inc recorded a revenue increase by 1.97 % year on year, sequentially revenue grew by 32.52 %. While revenue at the Cordia Bancorp Inc's corporate clients
Cordia Bancorp Inc's Comment on Sales, Marketing and Customers
In the two Virginia counties in which BVA operates, the strongest competition
is other local community banks, savings and loan associations, credit unions,
mortgage companies, finance companies, and insurance companies and others providing
financial services. Many competitors have greater capital resources than us and
more access to long-term, lower cost sources of funding. They may have extensive
advertising campaigns, larger branch networks, and offer a broader selection of
services and products. Some competitors have other advantages, such as tax exemption
in the case of credit unions, and lesser regulation in the case of mortgage companies
and specialty finance companies. These various factors make deposit competition
strong among institutions in our primary market area.
Cordia Bancorp Inc’s Comment on Sales, Marketing and Customers
In the two Virginia counties in which BVA operates, the strongest competition
is other local community banks, savings and loan associations, credit unions,
mortgage companies, finance companies, and insurance companies and others providing
financial services. Many competitors have greater capital resources than us and
more access to long-term, lower cost sources of funding. They may have extensive
advertising campaigns, larger branch networks, and offer a broader selection of
services and products. Some competitors have other advantages, such as tax exemption
in the case of credit unions, and lesser regulation in the case of mortgage companies
and specialty finance companies. These various factors make deposit competition
strong among institutions in our primary market area.
Sources:
Cordia Bancorp 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: Cordia Bancorp Inc’s corporate clients.
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