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Richmond, Va.-based bank reports most profitable quarter ever.
Byline: Carol Hazard
Jul. 29--The Bank of Richmond posted its most profitable quarter in its five-year history.
It reported second-quarter net income of $184,236, up from $62,922 for the same period last year.
Total loans were up 37.1 percent to $82.9 million from the same period last year. Deposits rose 15.6 percent to $100.5 million. Total assets increased 14.3 percent to $116.5 million.
The bank operates four branches in the Richmond area and plans to open two more. …
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- Richmond, Va.-based bank reports most profitable quarter ever.
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