Bailout Bank Bio: Valley Financial Corporation

Apr 29, 2009 | 2 min read | Print Article

Valley Financial Corporation is the holding company for Valley Bank (the Bank). Valley Bank conducts a general commercial banking business while emphasizing the needs of small- to medium-sized businesses, professional concerns and individuals. As of March 31, 2008, it operated eight branch locations in the cities of Roanoke and Salem, town of Vinton, and the county of Roanoke. The Company’s other subsidiaries include Valley Financial (VA) Statutory Trust I, which issues trust preferred securities; VB Investments, LLC, which is a limited partner in various tax credit partnerships, and Valley Financial (VA) Statutory Trust II and Valley Financial Statutory Trust III, both of which issues additional trust preferred securities. The company was incorporated in 1994 and is based in Roanoke, Virginia.

In December Valley Financial Capital began participating in the Treasury Department’s Capital Purchase Program. Under the program the company received $16,019,000 from Treasury in exchange for preferred stock and warrants. The bank is also participating in the FDIC’s transaction account guarantee program.

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Bailout Bank Bio: Valley Financial Corporation


Federal Equity Investment	$16 million
Total Revenue	$41.413 million
Net Income	$2.928 million
Number of Employees	118
Corporate Headquarters	Roanoke, Virginia
Business Sector	Bank
Officers and Directors	Gutshall, Ellis, President, Chief Executive Officer, Director of the Company and the Bank Logan, George, Chairman of the Board Other Officers and Directors
Corporate Website	https://www.myvalleybank.com
Executive Compensation	Valley Financial Corporation