BNET Industries

Central Virginia Bankshares Inc.

(CVBK) is in the Financial Services Industry

Market Cap:$9.7M

Last Fiscal Year Sales:$33.0M

Public
US

Dow Jones Description

After having been chartered in June 1972, Central Virginia Bank opened for business on September 17, 1973 at Flat Rock in Powhatan County, Virginia. The bank opened for business with assets just under $1 million and capitalization of $600,000. Today we have assets of approximately $459 million, deposits of over $378 million and equity capital of over $38 million, placing us among the strongest community banks in Virginia*. Central Virginia Bank operates as a state chartered member of the Federal Reserve System and its deposits are insured by the Federal Deposit Insurance Corporation (FDIC). The bank is a wholly-owned subsidiary of Central Virginia Bankshares, Inc., a one bank holding company. Common shares of Central Virginia Bankshares, Inc. have traded on the Nasdaq Stock Marketsm since May 1995 under the symbol "CVBK". Central Virginia Bank's assessment area consists of Powhatan, Cumberland, Western Chesterfield, Henrico, and Eastern Goochland Counties. We have branch offices in Powhatan, Cartersville, Midlothian, Brandermill, Wellesley, Bellgrade, and Cumberland Courthouse.

Vice Chairman, President & CEO

Ralph Larry Lyons

Number of Employees 100

Contact Information

2036 New Dorset Rd

Powhatan, Virginia 23139-0039

centralvabank.c...

(804) 403-2000

Peer Companies

NAICS Code Commercial Banking: 522110

Recent Events

Central Virginia Bankshares, Inc. Declares 3rd Quarter Cash Dividend

8/20/09 - Stock Split / Dividend - View Story

Decision Makers

Name (plus bio)	Position
Charles F. Catlett	Senior Vice President and Chief Financial Officer
F. William Kidd	Senior Vice President
Leslie S. Cundiff	Senior Vice President
Robert A. Burge	Controller & Vice President
Thomas R. Thornton Jr.	Principal Accounting Officer & Vice President
Elwood C. May	Director

Board of Directors

Name (plus bio)	Position
Ralph Larry Lyons	Vice Chairman, President & CEO
James T. Napier	Chairman of the Board
Phoebe P. Zarnegar	Chairman
Charles W. Binford	Board of Directors
Clarke C. Jones	Board of Directors
Fleming V. Austin	Board of Directors
Garland Blanton	Board of Directors
John B. Larus	Board of Directors
Kemper W Baker	Board of Directors
Roseleen P. Rick	Board of Directors
William C. Sprouse	Board of Directors

Organization	Position	Status
Central Virginia Bank	President & CEO	Current
Central Virginia Bankshares, Inc.	Vice Chairman, President & CEO	Current
Central Virginia Bankshares, Inc.	Board of Directors	Current
Central Virginia Bank	President & CFO	Former

Charles F. Catlett, III, 60, is Senior Vice President and Chief Financial Officer. Prior to joining the Company in December 1999, he was President of Franklin Financial Associates, L.L.C. for two years. Prior to establishing Franklin Financial Associates, he was Senior Vice President and Group Manager of Wachovia Bank, the successor by merger in 1997 to Central Fidelity National Bank, where he served in several senior management capacities in the Investments, Management Accounting, Corporate Accounting and Internal Audit departments since 1973. Mr. Catlett has over 35 years of banking experience.

Organization	Position	Status
Central Virginia Bankshares, Inc.	Senior Vice President and Chief Financial Officer	Current
Virginia Business		Current
Central Virginia Bankshares, Inc.	Board of Directors	Current
Wachovia Bank	Senior Vice President	Former
Wachovia Bank	Group Manager	Former

Organization	Position	Status
Central Virginia Bankshares, Inc.	Senior Vice President	Current

Leslie S. Cundiff, 60, is Senior Vice President and Senior Credit Officer. Prior to joining us in March 2004, she was Senior Vice President and Statewide Site Manager for the Business Lending Group of Wachovia Bank, the successor by merger in 2001 to First Union. Mrs. Cundiff has over 22 years experience in the commercial lending areas of portfolio risk management, credit underwriting, loan approval, client marketing, and relationship management.

Organization	Position	Status
Central Virginia Bankshares, Inc.	Senior Vice President	Current

Organization	Position	Status
Central Virginia Bankshares, Inc.	Controller & Vice President	Current

Organization	Position	Status
Central Virginia Bankshares, Inc.	Principal Accounting Officer & Vice President	Current
Central Virginia Bankshares, Inc.	Board of Directors	Current

Organization	Position	Status
Central Virginia Bankshares, Inc.	Chairman of the Board	Current
Central Virginia Bankshares, Inc.	Board of Directors	Current

Organization	Position	Status
Central Virginia Bankshares, Inc.	Chairman	Current

Organization	Position	Status
Central Virginia Bankshares, Inc.	Board of Directors	Current

Organization	Position	Status
Central Virginia Bankshares, Inc.	Board of Directors	Current

Organization	Position	Status
Central Virginia Bankshares, Inc.	Director	Current

Organization	Position	Status
Central Virginia Bankshares, Inc.	Board of Directors	Current

Organization	Position	Status
Central Virginia Bankshares, Inc.	Board of Directors	Current

Organization	Position	Status
Central Virginia Bankshares, Inc.	Board of Directors	Current
Central Virginia Bank	Chairman	Former
Central Virginia Bankshares, Inc.	Chairman	Former

Organization	Position	Status
Community Affordable Housing Equity Corporation		Current
Central Virginia Bankshares, Inc.	Board of Directors	Current
Federal Reserve Bank of Richmond	President	Former
Federal Reserve Bank of Richmond	Vice President	Former

Roseleen P. Rick , 65, has been a director since May 2005. Ms. Rick is a partner at Troutman Sanders, LLP, a law firm in Richmond, Virginia, where she serves as the leader of the Multifamily Housing Practice Group.

Organization	Position	Status
Troutman Sanders LLP	Partner	Current
Richmond Virginia	Partner	Current
Central Virginia Bankshares, Inc.	Board of Directors	Current
Troutman Sanders LLP	Attorney	Former