Oak Ridge Financial Services, Inc. · Oak Ridge, NC United States ·(NASDAQ (CM): BKOR)
Company Description
View Oak Ridge Financial Services, Inc. Locations On A US Map
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This link will open in a new window Boys, Oak Ridge Financial Services is the holding company for Bank of Oak Ridge, which serves individuals and businesses in North Carolina's Guilford County. Through five branches, the bank offers standard retail products such as checking and savings accounts, CDs, money market accounts, health savings accounts, and credit cards. Real estate loans, including residential mortgages and construction and development loans, account for more than half of the company's loan portfolio; commercial and industrial loans are around 40%. Bank of Oak Ridge also provides financial planning services, investments, and life and long-term care insurance. To read the full description, subscribe now.
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Key Oak Ridge Financial Services, Inc. Financials
| Company Type | Public - NASDAQ (CM): BKOR Headquarters |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | $12.1 |
| 2008 Employees | 80 |
Oak Ridge Financial Services, Inc. Executives
17 executives listed for Oak Ridge Financial Services, Inc.'s Oak Ridge, NC location.
| Title | Name & Bio | Contact |
| Chairman | Douglas Boike | Network |
| President, CEO, and Director | Ronald Black | Network |
| Operations Manager | Marcia Cash | Network |
Competition
Competitive Landscape for Oak Ridge Financial Services, 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 Oak Ridge Financial Services, Inc. Competitors
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