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Monday, December 21, 2009, 9:28PM ET - U.S. Markets Closed. Dow Up 0.83% Nasdaq Up 1.17%
Intervest Bancshares Corp. (IBCA)At 3:55PM ET: 3.01  Up 0.03 (1.01%)  
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Intervest Bancshares Corp.
1 Rockefeller Plaza
Suite 400
New York, NY 10020-2002
United States - Map
Phone: 212-218-2800
Fax: 212-218-2808
Web Site: http://www.intervestnatbank.com

DETAILS 
Index Membership:N/A
Sector:Financial
Industry:Credit Services
Full Time Employees:72

BUSINESS SUMMARY 
Intervest Bancshares Corporation operates as a financial holding company for Intervest National Bank and Intervest Mortgage Corporation, which primarily engage in banking and real estate lending businesses. The company provides commercial and consumer banking services to individuals, small businesses, and professional firms. Its deposit products include certificates of deposit, individual retirement accounts, checking and other demand deposit accounts, negotiable order of withdrawal accounts, savings accounts, and money market accounts. The company’s loan portfolio consists of mortgage loans secured by commercial and multifamily real estate properties, commercial real estate loans, single family residential real estate loans, residential multifamily loans, land development and other land loans, residential 1-4 family loans, commercial business loans, and consumer loans. In addition, it offers Internet banking services, automated teller machine services, wire transfers, automated clearing house transfers, direct deposit of payroll and social security checks, automated drafts for various accounts, and safe deposit boxes. Further, the company originates first mortgage and junior mortgage loans secured by commercial and multifamily real estate properties, as well as provides loan origination services. As of December 31, 2008, the company had one full-service banking office in New York City; six in Pinellas County, Florida, of which four in Clearwater, one in Clearwater Beach, and one in South Pasadena. The company was founded in 1993 and is headquartered in New York, New York.
Key Statistics

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    CORPORATE GOVERNANCE 
    Intervest Bancshares Corp.'s Corporate Governance Quotient (CGQ®) as of 1-Dec-09 is better than 11.6% of CGQ Universe companies and 4.3% of Banks companies.
    Brought to you by Institutional Shareholder Services.

    KEY EXECUTIVES 
     PayExercised
    Mr. Lowell S. Dansker , 57
    Chairman, Chief Exec. Officer, Chairman of Exec. Committee, Chairman of Intervest National Bank, Chairman of Intervest Mortgage Corp., Vice Chairman of Intervest Securities Corp., Chief Exec. Officer of Intervest National Bank, Chief Exec. Officer of Intervest Mortgage Corp., Chief Exec. Officer of Intervest National Bank, Chief Exec. Officer of Intervest Securities Corp. and Pres of Intervest Mortgage Corp
    $ 982.00K $ 0
    Mr. John J. Arvonio , 46
    Chief Financial Officer, Chief Accounting Officer, Chief Financial Officer of Intervest National Bank, Sr. VP of Intervest National Bank and Sec. of Intervest National Bank
    $ 229.00K $ 0
    Mr. Keith A. Olsen , 56
    Pres of Intervest National Bank of Intervest National Bank
    $ 361.00K $ 0
    Mr. Stephen A. Helman , 69
    VP, Sec., Director, Member of Exec. Committee, VP of Intervest Mortgage Corp., VP of Intervest National Bank, Sec. of Intervest Mortgage Corp., Director of Intervest National Bank of Intervest Mortgage Corp.
    $ 247.00K $ 0
    Mr. John H. Hoffmann , 57
    Chief Financial Officer of Intervest Mortgage Corp. and VP of Intervest Mortgage Corp.
    $ 141.00K $ 0
    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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