| Market Capitalization (Millions $) |
- |
| Shares
Outstanding (Millions) |
24 |
| Employees |
533 |
| Revenues (TTM) (Millions $) |
86 |
| Net Income (TTM) (Millions $) |
25 |
| Cash Flow (TTM) (Millions $) |
38 |
| Capital Exp. (TTM) (Millions $) |
1 |
Business Description
Xenith Bankshares, Inc. is a financial holding company based in Richmond, Virginia. It was founded in 2004 and operates as a subsidiary of Xenith Bank. It is a publicly traded company that is listed on the NASDAQ stock exchange.
Xenith Bankshares provides a range of commercial and retail banking services to businesses and individuals in the Mid-Atlantic region of the United States. Its primary business is commercial lending and deposits, with a focus on serving small and medium-sized businesses in the region. Its lending services include commercial real estate loans, working capital loans, equipment finance loans, and SBA loans.
In addition to lending services, Xenith Bankshares also provides a range of deposit and transaction services, including checking and savings accounts, treasury management services, and online banking. The company operates over 30 branches in Virginia, Maryland, and North Carolina.
Xenith Bankshares has a strong commitment to the communities it serves and actively engages in charitable giving and community service. The company's charitable efforts are focused on supporting education, healthcare, and economic development in the Mid-Atlantic region.
In 2017, Xenith Bankshares merged with First Bank, another Virginia-based bank. The merger created a larger community bank with more than $2.8 billion in assets and over 100 branches throughout Virginia, Maryland, and North Carolina.
Overall, Xenith Bankshares has a strong reputation as a well-managed and community-focused bank that provides commercial and retail banking services to businesses and individuals in the Mid-Atlantic region.
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