Bay Banks of Virgini (BAYK) 5.9500 $BAYK
Bay Banks of Virginia, Inc. Reports First Quarter Earnings Up 228.6%
PR Newswire - Wed Apr 30, 11:06AM CDT
Bay Banks of Virginia, Inc. (OTCQB: BAYK), holding company for Bank of Lancaster and Bay Trust Company, reported a 228.6% improvement in earnings of $460,000 for the quarter ended March 31, 2014 compared to $140,000 for the same quarter in 2013.
Bay Banks of Virginia: Bank of Lancaster Has Hired John Powell as SVP, Commercial Banking Relationship Manager for the Richmond Region
PR Newswire - Wed Apr 30, 9:52AM CDT
Randal R. Greene, President and Chief Executive Officer of Bay Banks of Virginia, Inc. (OTCQB: BAYK), holding company of Bank of Lancaster and Bay Trust Company, announces that Bank of Lancaster has hired John Powell as Senior Vice President, Commercial Banking Relationship Manager. In this role, Mr. Powell will report directly to F. Arnold Blackmon III, President of the Richmond Region, and will serve as a member of Bank of Lancaster's Richmond executive leadership team. Mr. Powell's responsibility will be developing commercial banking relationships in the Richmond region by helping businesses achieve their financial aspirations.
Bay Banks of Virginia, Inc. Reports Sale of Troubled Asset
PR Newswire - Tue Mar 25, 12:30PM CDT
Bay Banks of Virginia, Inc. (OTCQB: BAYK), holding company for Bank of Lancaster and Bay Trust Company, sold $1.2 million face value of South Carolina Student Loan Corporation auction rate security at 76% or $912,000 earlier this month. The Company had recognized an impairment loss related to this security of $120,000 in the second quarter of 2013. As a result of the sale, the Company recognized an additional impairment loss, net of tax, of $110,880 in its 2013 financial results.
Bank of Lancaster Selects One Paragon Place in Richmond's West End for Lending and Wealth Management Office
PR Newswire - Fri Mar 21, 10:25AM CDT
Bank of Lancaster, a subsidiary of Bay Banks of Virginia, Inc. (OTCQB: BAYK), has selected One Paragon Place for its Richmond, Va. lending and wealth management office. This location is very convenient to I-64 near the intersection of Glenside Drive and W. Broad Street, announced Randal R. Greene, President and Chief Executive Officer of Bank of Lancaster and Bay Banks of Virginia, Inc. The loan production and wealth management office is Bank of Lancaster's first Richmond location.
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.
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.
Bay Banks of Virginia, Inc. Reports First Quarter Earnings Up 228.6%
PR Newswire - Wed Apr 30, 11:06AM CDT
Bay Banks of Virginia, Inc. (OTCQB: BAYK), holding company for Bank of Lancaster and Bay Trust Company, reported a 228.6% improvement in earnings of $460,000 for the quarter ended March 31, 2014 compared to $140,000 for the same quarter in 2013.
Bay Banks of Virginia: Bank of Lancaster Has Hired John Powell as SVP, Commercial Banking Relationship Manager for the Richmond Region
PR Newswire - Wed Apr 30, 9:52AM CDT
Randal R. Greene, President and Chief Executive Officer of Bay Banks of Virginia, Inc. (OTCQB: BAYK), holding company of Bank of Lancaster and Bay Trust Company, announces that Bank of Lancaster has hired John Powell as Senior Vice President, Commercial Banking Relationship Manager. In this role, Mr. Powell will report directly to F. Arnold Blackmon III, President of the Richmond Region, and will serve as a member of Bank of Lancaster's Richmond executive leadership team. Mr. Powell's responsibility will be developing commercial banking relationships in the Richmond region by helping businesses achieve their financial aspirations.
Bay Banks of Virginia, Inc. Reports Sale of Troubled Asset
PR Newswire - Tue Mar 25, 12:30PM CDT
Bay Banks of Virginia, Inc. (OTCQB: BAYK), holding company for Bank of Lancaster and Bay Trust Company, sold $1.2 million face value of South Carolina Student Loan Corporation auction rate security at 76% or $912,000 earlier this month. The Company had recognized an impairment loss related to this security of $120,000 in the second quarter of 2013. As a result of the sale, the Company recognized an additional impairment loss, net of tax, of $110,880 in its 2013 financial results.
Bank of Lancaster Selects One Paragon Place in Richmond's West End for Lending and Wealth Management Office
PR Newswire - Fri Mar 21, 10:25AM CDT
Bank of Lancaster, a subsidiary of Bay Banks of Virginia, Inc. (OTCQB: BAYK), has selected One Paragon Place for its Richmond, Va. lending and wealth management office. This location is very convenient to I-64 near the intersection of Glenside Drive and W. Broad Street, announced Randal R. Greene, President and Chief Executive Officer of Bank of Lancaster and Bay Banks of Virginia, Inc. The loan production and wealth management office is Bank of Lancaster's first Richmond location.
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. 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. 
