BNET Industries

Market Cap:$9.6M
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

NAICS Code Commercial Banking: 522110

Recent Events

  • Central Virginia Bankshares cuts Q4 dividend

    11/23/09 - Stock Split / Dividend - View Story

  • Central Virginia Bankshares Reports Third Quarter 2009 Results

    11/16/09 - Financial Announcement - 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

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

Executive News

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

    Reuters - 8/20/09 - View Story

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     CVBK $3.68 0.00 (0.00% )
Average Volume 3,968
Shares Outstanding 2.61M
Market Cap 9.6M
Year High 5.62
Year Low 2.99
Earnings Per Share 1.46
P/E Ratio 2.52
Dividend 0.04
Yield 1.09
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