Latest Bay Banks of Virgini (BAYK) Headlines
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Posted On: 03/09/2014 12:29:25 AM
Latest Bay Banks of Virgini (BAYK) Headlines
Bank of Lancaster to Enter Richmond Market
PR Newswire - Tue Feb 18, 11:21AM CST
Bank of Lancaster, a subsidiary of Bay Banks of Virginia, Inc. (OTCQB: BAYK), will establish a presence in Richmond, Virginia before month-end February 2014, announced Randal R. Greene, President and Chief Executive Officer of Bank of Lancaster and Bay Banks of Virginia, Inc. Initial plans call for a loan production and wealth management office, laying the groundwork for a full-service office in the near future.
Bay Banks of Virginia, Inc. Reports Fourth Quarter 2013 Earnings Up 29.7%
PR Newswire - Thu Jan 30, 7:53PM CST
Bay Banks of Virginia, Inc. (OTCQB: BAYK), holding company for Bank of Lancaster and Bay Trust Company, reported a 29.7% improvement in earnings of $341,000 for the quarter ended December 31, 2013 compared to $263,000 for the same quarter in 2012. Earnings improved 91.0% to $1.3 million for the year 2013 compared to $698,000 for the year 2012.
Bank of Lancaster Announces Promotions
PR Newswire - Fri Jan 24, 3:48PM CST
Bank of Lancaster (the "Bank"), an affiliate of Bay Banks of Virginia, Inc. (OTCQB: BAYK), announces promotions.
/C O R R E C T I O N -- Bay Banks of Virginia, Inc./
PR Newswire - Mon Oct 28, 2:29PM CDT
In the news release, Bay Banks of Virginia, Inc. Reports Third Quarter 2013 Earnings Up 166%, issued 25-Oct-2013 by Bay Banks of Virginia, Inc. over PR Newswire, we are advised by the company that in the table titled Selected Financial Data, under the 9/30/2012 column there are several changes: Common equity should read "$28,025" rather than "36,048"; Total equity to assets should read "8.81%" rather than "11.33%"; Tangible common equity to tangible assets should read "7.99%" rather than "10.54%"; Tier 1 Leverage Ratio should read "8.13%" rather than "10.64%"; Return on Average Equity should read "3.33%" rather than "2.91"; Classified assets to Tier 1 capital + ALL should read "60.37%" rather than "47.40%". Additionally, in the same table, but under the 12/31/2012 column, Return on Average Equity, should read "3.26%" rather than "2.90%". The complete, corrected release follows:
Bay Banks of Virginia, Inc. Reports Third Quarter 2013 Earnings Up 166%
PR Newswire - Fri Oct 25, 2:16PM CDT
Bay Banks of Virginia, Inc. (OTCQB: BAYK), holding company for Bank of Lancaster and Bay Trust Company, reported a 166% improvement in earnings of $620,000 for the quarter ended September 30, 2013 compared to $233,000 for the same quarter in 2012. Earnings improved 128% to $992,000 for the nine months ended September 30, 2013 compared to $435,000 for the nine months ended September 30, 2012.
Bay Banks of Virginia, Inc. Announces Sale of the Former Bay Trust Building
PR Newswire - Thu Aug 15, 2:53PM CDT
Bay Banks of Virginia, Inc. (OTCQB: BAYK), announced its affiliate Bay Trust Company, completed on July 1, 2013 the sale of the former Bay Trust building located at 1 North Main Street in Kilmarnock.
Bay Banks of Virginia, Inc. Reports Second Quarter 2013 Earnings Up 139%
PR Newswire - Fri Aug 09, 1:30PM CDT
Bay Banks of Virginia, Inc. (OTCQB: BAYK), holding company for Bank of Lancaster and Bay Trust Company, reported a 139% improvement in earnings of $232,000 for the quarter ended June 30, 2013 compared to $97,000 for the same quarter in 2012. Earnings improved 84% to $372,000 for the six months ended June 30, 2013 compared to $203,000 for the six months ended June 30, 2012.
Bay Banks of Virginia, Inc. Announces Consolidation
PR Newswire - Wed Jun 26, 9:00AM CDT
Bay Banks of Virginia, Inc. (OTCQB: BAYK), (the "Company"), holding company for Bank of Lancaster and Bay Trust Company, announced plans to consolidate three of its Northumberland County branches into two branches.
Bay Banks of Virginia announces retirements and workforce reduction
PR Newswire - Mon Jun 03, 2:54PM CDT
Bay Banks of Virginia, Inc. (OTCQB: BAYK), holding company for Bank of Lancaster and Bay Trust Company, announces retirements and workforce reduction.
Bay Banks of Virginia Announces Director And Officer Elections
PR Newswire - Fri May 31, 11:39AM CDT
Bay Banks of Virginia, Inc. (OTCQB: BAYK), holding company for Bank of Lancaster and Bay Trust Company, held its Annual Stockholders Meeting on Monday, May 20, 2013 at the Company's corporate headquarters in Kilmarnock, Virginia.
Bank of Lancaster Expands and Announces Promotions
PR Newswire - Fri May 24, 12:00PM CDT
Bank of Lancaster (the "Bank"), an affiliate of Bay Banks of Virginia, Inc. (OTCQB: BAYK) announces promotions.
Bay Banks of Virginia, Inc. Reports First Quarter 2013 Earnings up 33%
PR Newswire - Tue May 07, 3:09PM CDT
Bay Banks of Virginia, Inc. (OTCQB: BAYK), holding company for Bank of Lancaster and Bay Trust Company, reported a 33% improvement in earnings of $140,000 for the quarter ended March 31, 2013 compared to $106,000 for the same quarter in 2012.
Bay Banks of Virginia, Inc. Reports Fourth Quarter and Full-Year 2012 Earnings
PR Newswire - Fri Feb 01, 2:11PM CST
Bay Banks of Virginia, Inc. (the "Company") (OTCQB: BAYK), holding company for Bank of Lancaster (the "Bank") and Bay Trust Company, announced net income of $698 thousand for the year ended December 31, 2012, an increase of 99.3% compared to $350 thousand for the prior year. Corresponding basic earnings per share increased to $0.27 in 2012 from $0.13 in 2011. Net income for the fourth quarter of 2012 was $262.5 thousand, representing a 12.9% increase from net income of $232.5 thousand for the prior quarter and a 229.0% increase from net income of $79.8 thousand for the fourth quarter of 2011.
Bank of Lancaster to Enter Richmond Market
PR Newswire - Tue Feb 18, 11:21AM CST
Bank of Lancaster, a subsidiary of Bay Banks of Virginia, Inc. (OTCQB: BAYK), will establish a presence in Richmond, Virginia before month-end February 2014, announced Randal R. Greene, President and Chief Executive Officer of Bank of Lancaster and Bay Banks of Virginia, Inc. Initial plans call for a loan production and wealth management office, laying the groundwork for a full-service office in the near future.
Bay Banks of Virginia, Inc. Reports Fourth Quarter 2013 Earnings Up 29.7%
PR Newswire - Thu Jan 30, 7:53PM CST
Bay Banks of Virginia, Inc. (OTCQB: BAYK), holding company for Bank of Lancaster and Bay Trust Company, reported a 29.7% improvement in earnings of $341,000 for the quarter ended December 31, 2013 compared to $263,000 for the same quarter in 2012. Earnings improved 91.0% to $1.3 million for the year 2013 compared to $698,000 for the year 2012.
Bank of Lancaster Announces Promotions
PR Newswire - Fri Jan 24, 3:48PM CST
Bank of Lancaster (the "Bank"), an affiliate of Bay Banks of Virginia, Inc. (OTCQB: BAYK), announces promotions.
/C O R R E C T I O N -- Bay Banks of Virginia, Inc./
PR Newswire - Mon Oct 28, 2:29PM CDT
In the news release, Bay Banks of Virginia, Inc. Reports Third Quarter 2013 Earnings Up 166%, issued 25-Oct-2013 by Bay Banks of Virginia, Inc. over PR Newswire, we are advised by the company that in the table titled Selected Financial Data, under the 9/30/2012 column there are several changes: Common equity should read "$28,025" rather than "36,048"; Total equity to assets should read "8.81%" rather than "11.33%"; Tangible common equity to tangible assets should read "7.99%" rather than "10.54%"; Tier 1 Leverage Ratio should read "8.13%" rather than "10.64%"; Return on Average Equity should read "3.33%" rather than "2.91"; Classified assets to Tier 1 capital + ALL should read "60.37%" rather than "47.40%". Additionally, in the same table, but under the 12/31/2012 column, Return on Average Equity, should read "3.26%" rather than "2.90%". The complete, corrected release follows:
Bay Banks of Virginia, Inc. Reports Third Quarter 2013 Earnings Up 166%
PR Newswire - Fri Oct 25, 2:16PM CDT
Bay Banks of Virginia, Inc. (OTCQB: BAYK), holding company for Bank of Lancaster and Bay Trust Company, reported a 166% improvement in earnings of $620,000 for the quarter ended September 30, 2013 compared to $233,000 for the same quarter in 2012. Earnings improved 128% to $992,000 for the nine months ended September 30, 2013 compared to $435,000 for the nine months ended September 30, 2012.
Bay Banks of Virginia, Inc. Announces Sale of the Former Bay Trust Building
PR Newswire - Thu Aug 15, 2:53PM CDT
Bay Banks of Virginia, Inc. (OTCQB: BAYK), announced its affiliate Bay Trust Company, completed on July 1, 2013 the sale of the former Bay Trust building located at 1 North Main Street in Kilmarnock.
Bay Banks of Virginia, Inc. Reports Second Quarter 2013 Earnings Up 139%
PR Newswire - Fri Aug 09, 1:30PM CDT
Bay Banks of Virginia, Inc. (OTCQB: BAYK), holding company for Bank of Lancaster and Bay Trust Company, reported a 139% improvement in earnings of $232,000 for the quarter ended June 30, 2013 compared to $97,000 for the same quarter in 2012. Earnings improved 84% to $372,000 for the six months ended June 30, 2013 compared to $203,000 for the six months ended June 30, 2012.
Bay Banks of Virginia, Inc. Announces Consolidation
PR Newswire - Wed Jun 26, 9:00AM CDT
Bay Banks of Virginia, Inc. (OTCQB: BAYK), (the "Company"), holding company for Bank of Lancaster and Bay Trust Company, announced plans to consolidate three of its Northumberland County branches into two branches.
Bay Banks of Virginia announces retirements and workforce reduction
PR Newswire - Mon Jun 03, 2:54PM CDT
Bay Banks of Virginia, Inc. (OTCQB: BAYK), holding company for Bank of Lancaster and Bay Trust Company, announces retirements and workforce reduction.
Bay Banks of Virginia Announces Director And Officer Elections
PR Newswire - Fri May 31, 11:39AM CDT
Bay Banks of Virginia, Inc. (OTCQB: BAYK), holding company for Bank of Lancaster and Bay Trust Company, held its Annual Stockholders Meeting on Monday, May 20, 2013 at the Company's corporate headquarters in Kilmarnock, Virginia.
Bank of Lancaster Expands and Announces Promotions
PR Newswire - Fri May 24, 12:00PM CDT
Bank of Lancaster (the "Bank"), an affiliate of Bay Banks of Virginia, Inc. (OTCQB: BAYK) announces promotions.
Bay Banks of Virginia, Inc. Reports First Quarter 2013 Earnings up 33%
PR Newswire - Tue May 07, 3:09PM CDT
Bay Banks of Virginia, Inc. (OTCQB: BAYK), holding company for Bank of Lancaster and Bay Trust Company, reported a 33% improvement in earnings of $140,000 for the quarter ended March 31, 2013 compared to $106,000 for the same quarter in 2012.
Bay Banks of Virginia, Inc. Reports Fourth Quarter and Full-Year 2012 Earnings
PR Newswire - Fri Feb 01, 2:11PM CST
Bay Banks of Virginia, Inc. (the "Company") (OTCQB: BAYK), holding company for Bank of Lancaster (the "Bank") and Bay Trust Company, announced net income of $698 thousand for the year ended December 31, 2012, an increase of 99.3% compared to $350 thousand for the prior year. Corresponding basic earnings per share increased to $0.27 in 2012 from $0.13 in 2011. Net income for the fourth quarter of 2012 was $262.5 thousand, representing a 12.9% increase from net income of $232.5 thousand for the prior quarter and a 229.0% increase from net income of $79.8 thousand for the fourth quarter of 2011.
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