This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

EVB Announces Branch Consolidation

Joe Shearin, President and CEO of Eastern Virginia Bankshares (NASDAQ:EVBS), parent company to banking subsidiary EVB, announces the consolidation of two retail banking offices in King William County.

According to Shearin, “In an effort to continue to provide our King William customers with the highest quality of community banking services, we are announcing the consolidation of the Aylett branch into our Central Garage facility.” These offices and branch personnel will combine forces with a relocation of the Aylett office to the modern, state-of-the art Central Garage branch. Ed Jones will be the Branch Manager of this combined office.

Due to the age of the Aylett branch and its physical limitations, it has become increasingly difficult to maintain the office to the standard to which our customers expect and deserve. This consolidation also provides operational efficiencies, enabling EVB to derive costs savings while offering its traditional outstanding service quality in a more centralized location of King William County.

Effective at the close of business on Friday, December 3, 2010, the Aylett branch located at 8270 Richmond-Tappahannock Highway in Aylett, Virginia, will be closed. Accounts will be consolidated and safe deposit boxes transferred to the Central Garage branch located just three miles west off of Rt. 360 at 20 Commerce Lane, King William, Virginia. Beginning on Monday, December 6, 2010, customers of the Aylett branch will be serviced at the Central Garage location by all of the same familiar personal bankers with whom they have built their relationship over the years.

The consolidation of the Aylett office into the Central Garage office benefits customers in a variety of ways.

The consolidation will provide customers with improved service.The Central Garage branch provides customers with more convenient parking, handicap accessibility, easy drive-in, a walk-up outside teller window, drive-up ATM access, with a larger, more modern lobby area.

The consolidation will provide additional hours of service.Customers of the Aylett office will enjoy extended drive-in hours. Currently, the Aylett drive-in closes at 5:00 Monday through Thursday and offers later service on Friday. The Central Garage office provides drive-in hours until 6:00 p.m. daily.

Shearin stated, “We are pleased to provide an improved banking experience to include the capability of providing enhanced state-of-the-art banking services and a more relaxing environment for our customers to visit and transact their banking. Ed Jones, the branch manager for the combined offices, and EVB management gave careful consideration to the decision to combine offices to ensure that our customers and stockholders are best served.” Prior to the move, EVB plans to host an open house at the Central Garage branch so that Aylett customers can meet the expanded personnel who will be serving them.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
EVBS $6.92 0.00%
AAPL $93.64 0.00%
FB $118.57 0.00%
GOOG $698.21 0.00%
TSLA $241.80 0.00%


Chart of I:DJI
DOW 17,891.16 +117.52 0.66%
S&P 500 2,081.43 +16.13 0.78%
NASDAQ 4,817.5940 +42.2360 0.88%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs