Community Bankers Trust Corporation · Glen Allen, VA United States ·(NYSE Alternext: BTC)
Company Description
Phone: 804-934-9999
Fax: 804-934-9299
Toll Free: 800-606-0946
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This link will open in a new window Community Bankers Trust Corporation, formerly Community Bankers Acquisition, is the holding company for the Bank of Essex and TransCommunity Bank. Additional divisions of TransCommunity operate as Bank of Goochland, Bank of Powhatan, Bank of Louisa, and Bank of Rockbridge. The company grew in 2008 when it merged with former bank holding companies TransCommunity Financial and BOE Financial Services of Virginia . The company now includes about a dozen bank branches west and north of Richmond, Virginia. Subsidiaries offer securities and insurance products. Community Bankers Trust expanded into Georgia when it acquired the branches and deposits of The Community Bank, which was the 20th bank to fail in 2008. To read the full description, subscribe now.
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Key Community Bankers Trust Corporation Financials
| Company Type | Public - NYSE Alternext: BTC Headquarters |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | $16.6 |
| 2008 Employees | 220 |
Community Bankers Trust Corporation Executives
9 executives listed for Community Bankers Trust Corporation's Glen Allen, VA location.
| Title | Name & Bio | Contact |
| Vice Chairman and Chief Strategic Officer | Gary Simanson | Network |
| President and CEO | George Longest | Network |
| SVP and CFO | Bruce Thomas | Network |
Competition
Competitive Landscape for Community Bankers Trust 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 Community Bankers Trust Corporation Competitors
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