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Balance Sheet Cash Flow Statement 101 Hubbard St. Blacksburg, VA 24060-9002 VA Tel. 540-951-6300 Fax 540-951-6324 |
Type: Public
On the web:
http://www.nationalbankshares.com
Employees:
221
Employee growth: (8.7%)
National Bankshares is the holding company for National Bank of Blacksburg (National Bank for short), which serves consumers and small business in southwestern Virginia through about two dozen branches. The community bank's services include deposit accounts, credit cards, and personal and corporate trust services. Commercial mortgages, including loans secured by college housing and professional office buildings, account for more than half of National Bankshares' loan portfolio; residential mortgages make up more than a quarter. To a lesser extent, the bank also writes business, construction, and consumer loans. Another subsidiary, National Bankshares Financial Services, provides investments and insurance.
Key numbers for fiscal year ending December, 2008:
Sales: $40.4M
One year growth: 6.9%
Net income: $13.6M
Income growth: 7.2%
Officers:
Chairman, President, and CEO National Bankshares, The National Bank of Blacksburg; Chairman, President, and Treasurer, National Bankshares Financial Services, Inc.: James G. Rakes
EVP; EVP and COO, The National Bank of Blacksburg: F. Brad Denardo
CFO and Treasurer; SVP Operations and Risk Management, The National Bank of Blacksburg: David K. Skeens
Competitors:
Bank of America
StellarOne
SunTrust
