C&F Financial Corporation · West Point, VA United States ·(NASDAQ (GS): CFFI)
Company Description
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This link will open in a new window C&F Financial Corporation is the holding company for C&F Bank (aka Citizens and Farmers Bank), which operates about 20 branches in eastern Virginia. The bank targets individuals and local businesses, offering such products and services as checking and savings accounts, CDs, credit cards, and trust services. Commercial, industrial, and agricultural loans account for the largest portion of the company's loan portfolio (about 40%), which also includes residential mortgages, consumer auto loans, and consumer and construction loans. To read the full description, subscribe now.
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Key C&F Financial Corporation Financials
| Company Type | Public - NASDAQ (GS): CFFI Headquarters |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | $67.9 |
| 2008 Employees | 497 |
C&F Financial Corporation Executives
20 executives listed for C&F Financial Corporation's West Point, VA location.
| Title | Name & Bio | Contact |
| Chairman, President, and CEO, C&F Financial and Citizens and Farmers Bank | Larry Dillon | Network |
| EVP, CFO, and Secretary, C&F Financial and Citizens and Farmers Bank | Thomas Cherry | Network |
| SVP and Senior Lending Officer, Citizens and Farmers Bank | Ronald Espy | Network |
Competition
Competitive Landscape for C&F Financial Corporation
Demand for banking services is closely tied to economic activity and the level of interest rates. The profitability of individual banks depends on marketing skills, efficient operations, and good risk management. Large economies of scale exist in some segments of the industry, which has encouraged industry consolidation. Smaller banks can compete successfully in segments where customer service or knowledge of the local market is more important. The industry is capital-intensive and highly automated: annual revenue per employee is close to $300,000. Many banks and thrifts aggressively offered adjustable rate and subprime mortgages during the housing boom of the early 2000s only to find themselves saddled with loan defaults and extensive losses when the housing bubble burst. Deep exposure to subprime mortgages and mortgage-backed securities caused bank failures, government takeovers, and involuntary mergers. To read the full description, subscribe now.Top C&F Financial Corporation Competitors
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