PAB Bankshares, Inc. · Valdosta, GA United States ·(NASDAQ (GS): PABK)
Company Description
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This link will open in a new window PAB Bankshares is the holding company of The Park Avenue Bank, which has about 20 branch locations in southern Georgia and northern Florida. Catering to individuals and small to midsized businesses, the bank offers traditional retail services and products including deposit accounts, loans, and bill payment services. Through a third-party provider, the bank also offers investment advisory and securities brokerage services. Construction loans account for about 40% of the company's loan portfolio, which also includes residential and commercial mortgages and agricultural, business, and personal loans. To read the full description, subscribe now.
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Key PAB Bankshares, Inc. Financials
| Company Type | Public - NASDAQ (GS): PABK Headquarters |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | $39.2 |
| 2008 Employees | 305 |
PAB Bankshares, Inc. Executives
45 executives listed for PAB Bankshares, Inc.'s Valdosta, GA location.
| Title | Name & Bio | Contact |
| Chairman | James Dewar | Network |
| Vice Chairman | Thompson Kurrie | Network |
| CEO | Donald Torbert | Network |
Competition
Competitive Landscape for PAB Bankshares, Inc.
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 PAB Bankshares, Inc. Competitors
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