Village Bancorporation is a locally owned and managed bank holding company headquartered Saint George, Utah, USA which operates a wholly owned subsidiary, The Village Bank. The Village Bank's strategy is to provide a business culture that offers individualized customer service. Convenient office locations have allowed The Village Bank to increase market share. Ownership includes over 250 individuals, mostly from Washington County, Utah.
History
The Village Bank was founded in August 1996 and is now the oldest locally owned bank in St. George. The bank is a state-chartered, independent bank that serves the financial needs primarily of the residents and businesses of Washington and Iron Counties. The bank was organized by a group of local businessmen that were concerned about the void of a locally owned and controlled financial institution.
Since inception, The Village Bank has experienced excellent growth, with most years exceeding 25%. Total assets currently exceed $200 million.
Effective May 23, 2012, The Village Bank will complete a sales transaction in which Cache Valley Bank will acquire the Sunset, River Road, and Cottonmill offices. The Village Bank will continue to operate independently and serve your banking needs at the Main Office at 294 E Tabernacle in St George.
on March 1, 2014, The Village Bank completed a merger with Cache Valley Bank.
The bank was severely affected with the recession. The bank's capital was depleted to an unacceptable level under the FDIC written guidelines. The sale reduces the size and overhead of the bank, as well as strengthens the bank's capital position. The combination makes The Village Bank a stronger bank.
References
External links
- Official website
- The Village Bank - History
- The Village Bank - Branches
Interesting Informations
Looking products related to this topic, find out at Amazon.com
Source of the article : here
EmoticonEmoticon