Commonwealth Bankshares Inc.
403 Boush Street
Norfolk,
VA 23510
United States - Map
Phone: 757-446-6900
Fax: 757-446-6911
Web Site: http://www.bankofthecommonwealth.com
| Commonwealth Bankshares, Inc. operates as the holding company for Bank of the Commonwealth, which provides a range of commercial banking services to individuals and small-to medium-sized businesses. The companys deposit product line includes checking and savings deposits, interest bearing demand deposits, and time deposits. Its loan portfolio comprises secured loans, commercial lines of credit, commercial term loans, real estate loans, construction loans, personal loans, home improvement loans, automobile loans, and other installment and term loans. The company also offers other related services, such as home banking, trust, travelers checks, safe deposits, lock box, depositor transfer, customer note payment, collections, notary public, escrow, drive-in facility, and other customary banking services. As of December 31, 2008, it operated four branches in Norfolk; six branches in Virginia Beach; four branches in Chesapeake; two branches in Portsmouth; one branch in Suffolk; and one each branch in Powells Point, Waves, Moyock, and Kitty Hawk, North Carolina. The company, through its other subsidiaries, conducts mortgage funding services; and provides brokerage and investment advisory services, and title insurance services. Commonwealth Bankshares was founded in 1970 and is headquartered in Norfolk, Virginia. |
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| Key Statistics |
| |
| | Pay | Exercised | Mr. Edward J. Woodard Jr., CLBB, 66
Chairman, Chief Exec. Officer, Pres, Chairman of Exec. Committee, Member of CRA Committee, Member of Investment Committee, Member of Trust Committee, Chairman of Bank of the Commonwealth, Chief Exec. Officer of Bank of the Commonwealth and Pres of Bank of the Commonwealth |
$
575.00K | N/A | Ms. Cynthia A. Sabol CPA, 46
Chief Financial Officer, Principal Accounting Officer, Exec. VP, Sec., Chief Financial Officer of Bank of the Commonwealth, Exec. VP of Bank of the Commonwealth and Sec. of Bank of the Commonwealth |
$
212.00K |
$
0 | Mr. Simon Hounslow , 44
Chief Lending Officer, Exec. VP, Chief Lending Officer of Bank and Exec. VP of Bank |
$
173.00K |
$
0 | Mr. Stephen G. Fields , 45
Exec. VP and Commercial Loan Officer |
$
160.00K |
$
0 | Mr. Robert L. White ,
Sr. VP of Bank of the Commonwealth at Norfolk and Commercial Lending Officer of Bank of the Commonwealth at Norfolk |
N/A
| N/A |
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Dollar amounts are as of
31-Dec-08
and compensation values are for the last fiscal
year ending on that date. "Pay" is salary, bonuses, etc. "Exercised" is the value of
options exercised during the fiscal year.
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