April 24, 2018 1:06 AM ET

Banks

Company Overview of Virginia Partners Bank

Company Overview

Virginia Partners Bank provides personal and business banking services. The company’s personal banking products and services include free checking, partners checking, partners interest checking, partners money market checking, and partners Now accounts; statement savings and young investors savings accounts; traditional and IRA certificates of deposit; personal loans and lines, partners line of credit, home equity loans, auto loans, and residential mortgage lending services; safe deposit boxes; and online banking. Its business banking services include free checking, analysis checking, interest checking, and money market checking; non-personal statement savings; commercial loans, such as line...

410 William Street

Fredericksburg, VA 22401

United States

Founded in 2008

Phone:

540-899-0005

Fax:

540-899-3788

Key Executives for Virginia Partners Bank

Virginia Partners Bank does not have any Key Executives recorded.

Virginia Partners Bank Key Developments

Virginia Partners Bank Reports Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2017

Virginia Partners Bank reported unaudited earnings results for the second quarter and six months ended June 30, 2017. For the quarter, the company reported total interest income of $3,657,864 against $3,084,920 a year ago. Net interest income was $2,882,566 against $2,464,986 a year ago. Income before income taxes was $537,464 against $479,572 a year ago. Net income was $387,255 against $319,842 a year ago. For the six months, the company reported total interest income of $7,224,931 against $6,056,540 a year ago. Net interest income was $5,749,567 against $4,802,622 a year ago. Income before income taxes was $1,166,241 against $730,392 a year ago. Net income was $826,990 against $475,407 a year ago.

Virginia Partners Bank will Change its Ticker to PTRS from VGAB

Effective May 31, 2017, Virginia Partners Bank will change its Pink Sheets LLC stock ticker symbol to PTRS from VGAB.

Virginia Partners Mulls Acquisitions

Virginia Partners Bank is looking for acquisitions. The company which intends to raise $8.6 million in equity, through the sale of 929,152 shares of common stock, intends to use the net proceeds for achieving an organic growth, including expansion into other markets, and to take advantage of opportunistic acquisitions.

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