Catawba Valley Bancshares - CTVB- Profile

Catawba Valley Bancshares, Inc. is a one bank holding company for Catawba Valley Bank, a State-chartered bank. The company provides most traditional commercial and consumer banking services. The services provided by the company include personal and commercial checking and savings accounts, money market accounts, certificate of deposit, individual retirement accounts and individual banking services. The lending services provided by the company include commercial loans, real estate loans, installment loans, equity lines of credit and credit card loans. The company operates through three branch offices in Hickory, North Carolina. During 1999 the company created a subsidiary, Valley Financial Services, Inc. It provides for insurance and other financial products through third party affliations. The company became publicly held in November 1995. Interest and fees on loans accounted for 75% of 1999 revenues; other interest income, 15% and non-interest income, 10%.