Bailout Bank Bio: Eastern Virginia Bankshares

Jan 8, 2009 | 1 min read | Print Article

Eastern Virginia Bankshares, Inc. is a bank holding company for EVB, which operates 23 service branches in eastern Virginia. EVB is a community bank targeting small to medium-sized businesses and consumers. The company is headquartered in Tappahannock, Virginia. Through the Capital Purchase Program, Eastern Virginia Bankshares will receive approximately $24 million in additional capital, in exchange for preferred stock.

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Bailout Bank Bio: Eastern Virginia Bankshares


Federal Equity Investment	$24 million
Total Revenue	$64.31 million
Net Income	$8.75 million
Number of Employees	305
Corporate Headquarters	Tappahannock, Virginia
Business Sector	Financial
Officers and Directors	Garrett, F., Vice Chairman of the Board Shearin, Joe, President, Chief Executive Officer, Director Haynie, F. Warren, Director Lewis, William, Director Taylor, Leslie, Director Thompson, Jay, Director Straughan, Howard, Director Revere, Charles, Director Harris, Ira, Director Blevins, Ronald, Chief Financial Officer; Executive Vice President of EVB Cook, W. Rand, Chairman of the Board
Corporate Website	http://www.evb.org/
Executive Compensation	Eastern Virginia Bankshares Inc