Corporate Profile for Intervest Bancshares Corporation dated Oct. 10, 1997.--(BUSINESS WIRE)--The following Corporate Profile is available for inclusion in your files. News releases for this client are distributed by Business Wire and also become part of the leading databases and online services, including all of the leading Internet-based services. -0-
Published Date: Oct. 10, 1997
Company Name: Intervest Bancshares Corporation
Address: 10 Rockefeller Plaza, Suite 1015
New York, N.Y. 10020
Main Telephone
Number: 212/757-7300
Chief Executive
Officer: Lowell S. Dansker, President
Chief Financial
Officer: Lowell S. Dansker, Treasurer
Investor Relations
Contact: Jerome Dansker
Business number: 212/757-7300
Public Relations
Contact: Jerome Dansker
Business number: 212/757-7300
Trading Symbol/
Exchange: INTA/to be determined
Industry: Commercial Bank
Market Makers: to be determined
Company description: The company, a Delaware corporation A Delaware corporation is a corporation chartered in the U.S. state of Delaware. Delaware is well known as a corporate haven, and thus, over 50% of US publicly-traded corporations and 58% of the Fortune 500 companies are incorporated in the state. organized in 1993, is a bank holding company registered under the Bank Holding Company Act of 1956, as amended a·mend v. a·mend·ed, a·mend·ing, a·mends v.tr. 1. To change for the better; improve: amended the earlier proposal so as to make it more comprehensive. 2. (the "BHCA (Busy Hour Call Attempts) The number of times a telephone call is attempted during the busiest hour of the day. See busy hour. "). The company's principal asset is its ownership interest of approximately 96% of the issued and outstanding shares of the Bank. The company, through its ownership of the Bank, is engaged in the commercial banking business and its primary source of earnings is derived from income generated by its ownership and operation of the Bank. As of June 30, 1997, the company, on a consolidated basis, had total assets of $117.5 million, net portfolio loans of $69.5 million, total deposits of $104.9 million, and stockholders' equity Stockholders' Equity The portion of the balance sheet that includes capital received from investors in exchange for stock (paid-in capital), donated capital, and retained earnings. This is equal to total assets minus liabilities, preferred stock and intangible assets. of $10.1 million. The Bank is a Florida chartered banking Chartered Bank A financial institution whose primary roles are to accept and safeguard monetary deposits from individuals and organizations, and to lend money out. The details vary from country to country, but usually a chartered bank in operation has obtained government permission corporation originally chartered in Dec. 1987. It operated as Countryside Bankers until 1994, when its name was changed to Intervest Bank. The Bank engages in commercial banking from four offices, all of which are located in Clearwater, Florida Clearwater is a city located in central Pinellas County, Florida, USA, nearly due west of Tampa. As of the 2000 census, the city had a total population of 108,787; however, according to the 2005 U.S. Census Bureau's estimates, the city's population fell slightly to 108,687. . A fifth office in South Pasadena, Florida South Pasadena is a city located in southern Pinellas County, Florida, near St. Petersburg. The population was 5,778 at the 2000 census. As of 2004, the population recorded by the U.S. Census Bureau is 5,745 [1]. is being renovated and is expected to be opened for business by the end of this year. The Bank primarily focuses on providing personalized per·son·al·ize tr.v. per·son·al·ized, per·son·al·iz·ing, per·son·al·iz·es 1. To take (a general remark or characterization) in a personal manner. 2. To attribute human or personal qualities to; personify. banking services to businesses and individuals with its market area. The Bank originates commercial loans to businesses, collateralized and uncollateralized consumer loans, and real estate loans (primarily commercial real estate loans). CONTACT: Intervest Bancshares Corporation |
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