Valley Financial Corporation · Roanoke, VA United States ·(NASDAQ (CM): VYFC)
Company Description
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This link will open in a new window Down in the valley, valley so low ... Valley Financial has a banking business, dontcha know? The financial institution is the holding company for Valley Bank, which operates about 10 locations in and around Roanoke, Virginia. Valley Bank offers traditional banking products and services to individuals and small to midsized businesses in its market area. Deposit products include checking and savings accounts, NOW accounts, and CDs. Commercial real estate loans account for about 35% of its loan portfolio, while residential real estate loans make up nearly a quarter. It also makes business, construction, and consumer loans. To read the full description, subscribe now.
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Key Valley Financial Corporation Financials
| Company Type | Public - NASDAQ (CM): VYFC Headquarters |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | $19.6 |
| 2008 Employees | 135 |
Valley Financial Corporation Executives
26 executives listed for Valley Financial Corporation's Roanoke, VA location.
| Title | Name & Bio | Contact |
| Chairman, Valley Financial and Valley Bank | George Logan | Network |
| Vice Chairman | Ward Stevens | Network |
| President, CEO, and Director; President and CEO, Valley Bank | Ellis Gutshall | Network |
Competition
Competitive Landscape for Valley 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 Valley Financial Corporation Competitors
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