American Community Bancshares, Inc. · Charlotte, NC United States · (NASDAQ (CM): ACBA)
Company Description
Phone: 704-225-8444
Fax: 704-225-8445
More Companies in: Charlotte, North Carolina
More Companies in These Related Industries: Commercial Banking
View American Community Bancshares, Inc. Locations On A US Map
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This link will open in a new window American Community Bancshares is the holding company for American Community Bank, which serves individuals and small to midsized businesses through about a dozen branches in North and South Carolina. The bank offers standard products such as checking, savings, and money market accounts; certificates of deposit; and IRAs. Its loan portfolio is made up of construction and development loans (some 35% of the total) and commercial mortgages (more than 25%), as well as business, consumer, home equity, and residential mortgage loans. The bank also offers vehicle and equipment leasing services. Yadkin Valley Financial Corporation is buying American Community Bancshares for approximately $92 million. To read the full description, subscribe now.
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Key American Community Bancshares, Inc. Financials
| Company Type | Public - NASDAQ (CM): ACBA |
| Fiscal Year-End | December |
| 2008 Employees | 95 |
American Community Bancshares, Inc. Executives
29 executives listed for American Community Bancshares, Inc.'s Charlotte, NC location.
| Title | Name & Bio | Contact |
| Chairman, President, and CEO; President and CEO, American Community Bank | Randy Helton | |
| Owners | Carrol Tyson | |
| SVP, CFO, and Corporate Secretary | Dan Ellis |
Competition
Competitive Landscape for American Community Bancshares, Inc.
Demand for banking services is closely tied to economic activity and the level of interest rates. The profitability of individual banks depends on marketing skills, efficient operations, and good risk management. Large economies of scale exist in some segments of the industry, which has encouraged industry consolidation. Smaller banks can compete successfully in segments where customer service or knowledge of the local market is more important. The industry is capital-intensive and highly automated: annual revenue per employee is close to $300,000. Many banks and thrifts aggressively offered adjustable rate and subprime mortgages during the housing boom of the early 2000s only to find themselves saddled with loan defaults and extensive losses when the housing bubble burst. Deep exposure to subprime mortgages and mortgage-backed securities caused bank failures, government takeovers, and involuntary mergers. To read the full description, subscribe now.Top American Community Bancshares, Inc. Competitors
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