CNB Corporation · Conway, SC United States ·(OTC: CNBZ)
Company Description
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This link will open in a new window CNB likes to "C" customers coming through the door. CNB is the holding company for The Conway National Bank, which primarily serves individuals and small to midsized businesses in eastern South Carolina. Tracing its roots back to 1903, the bank offers traditional deposit products including checking and savings accounts, IRAs, and NOW accounts. Mortgages and construction loans dominate the company's lending activities (together comprising about three-fourths of its loan book); the bank also offers commercial, industrial, consumer, and agricultural loans. CNB operates about a dozen branches in Horry and Georgetown counties along the South Carolina coast. To read the full description, subscribe now.
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Key CNB Corporation Financials
| Company Type | Public - OTC: CNBZ Headquarters |
| Fiscal Year-End | December |
| Annual Sales (mil.) | $57.3 |
| Employees | 264 |
CNB Corporation Executives
15 executives listed for CNB Corporation's Conway, SC location.
| Title | Name & Bio | Contact |
| Chairman, CNB Corporation and The Conway National Bank | Harold Cushman | Network |
| President, CEO, and Director; President and CEO, The Conway National Bank | W. Jennings Duncan | Network |
| EVP, CFO, and Treasurer | L. Ford Sanders | Network |
Competition
Competitive Landscape for CNB 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 CNB Corporation Competitors
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