The Bank Of Charlotte County
FDIC #14491
📍 Phenix, Virginia
The Bank Of Charlotte County is a commercial bank, state charter and fed member, supervised by the federal reserve (frb). established in 11/12/1912. With assets of $185.21 Million, it operates 6 domestic branches.
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Community Reinvestment Act (CRA) Rating
Latest Exam: November 7, 2022
What is CRA? The Community Reinvestment Act (CRA) is a federal law that encourages banks to help meet the credit needs of the communities in which they operate, including low- and moderate-income neighborhoods.
Rating History
November 7, 2022
Satisfactory
October 17, 2016
Satisfactory
October 1, 2012
Satisfactory
💰 Financial Strength
Total Assets$185.21 Million
Total Deposits$157.85 Million
Equity Capital$21.38 Million
Net Income$1.64 Million
📈 Performance
ROA1.21%
ROE10.41%
Financial Terms:
ROA (Return on Assets): Measures profitability relative to size. 1.0%+ is good.
ROE (Return on Equity): Measures profitability for shareholders. 10%+ is strong.
ROA (Return on Assets): Measures profitability relative to size. 1.0%+ is good.
ROE (Return on Equity): Measures profitability for shareholders. 10%+ is strong.
📋 Corporate Structure
Established11/12/1912
FDIC Cert14491
Holding CoBcc Bankshares Inc
Parent CertNA - Not listed as a child of a larger bank.
Last ChangeDecember 19, 2022
Foreign Offices0
SAIF InsuredNo
State CharteredYes
🕰️ Lobby Hours
Monday9:00 AM - 4:00 PM
Tuesday9:00 AM - 4:00 PM
Wednesday9:00 AM - 4:00 PM
Thursday9:00 AM - 4:00 PM
Friday9:00 AM - 5:00 PM
SaturdayClosed
SundayClosed
📜 Institutional History
1981
Name Change
Name became: Changed Institution Name To The Bank Of Charlotte County.
1979
Relocation
Moved HQ to: Berkley And Charlotte Streets, Phenix, VA 23959.
1973
Relocation
Moved HQ to: Charlotte Street, Phenix, VA 23959.