Info

Eastern Virginia Bankshares, Inc. (EVB) is a bank holding company. Through its wholly owned bank subsidiary, EVB, the Company operates 23 service branches in eastern Virginia. EVB is a community bank targeting small to medium-sized businesses and consumers in its coastal plain markets and the emerging suburbs outside of the Richmond and Greater Tidewater areas. EVB provides a range of personal and commercial banking services, including commercial, consumer and real estate loans. EVB complements its lending operations with an array of retail and commercial deposit products and fee-based services. EVB Financial Services, Inc., a wholly owned subsidiary of EVB, has a 100% ownership of EVB Investments, Inc. and a 50% ownership interest in EVB Mortgage, LLC. The mortgage company operates with a partner in generating various real estate loans for sale in the mortgage loan markets, earning interest and fees from these loans prior to sale while retaining no servicing rights after the sale.(Source: 10-K)