Waccamaw Bankshares, Inc. · Whiteville, NC United States ·(NASDAQ (CM): WBNK)
Company Description
View Waccamaw Bankshares, Inc. Locations On A US Map
This link will open in a new window
This link will open in a new window Waccamaw Bancshares is the holding company for the Waccamaw Bank -- named for the American Indian tribe and river that flows through the Carolinas. The community bank, which has about 15 branches in North Carolina and South Carolina, provides traditional services, such as checking and savings accounts and IRAs. The bank's loan portfolio is largely made up of commercial and real estate loans, including business operating loans, commercial and residential mortgages, and construction and land development loans. It also offers investment services and insurance brokerage through Waccamaw Financial Services. The bank has made a push for expansion by acquiring new offices and opening several new branches. To read the full description, subscribe now.
Call Now at 866-464-3202 or Click here for a Free Hoover's Trial!
Key Waccamaw Bankshares, Inc. Financials
| Company Type | Public - NASDAQ (CM): WBNK Headquarters |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | $14.5 |
| 2008 Employees | 156 |
Waccamaw Bankshares, Inc. Executives
29 executives listed for Waccamaw Bankshares, Inc.'s Whiteville, NC location.
| Title | Name & Bio | Contact |
| Chairman | Alan Thompson | Network |
| President, CEO, and Director, Waccamaw Bankshares and Waccamaw Bank | James Graham | Network |
| SVP and COO, Waccamaw Bankshares and Waccamaw Bank | Freda Gore | Network |
Competition
Competitive Landscape for Waccamaw Bankshares, 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 Waccamaw Bankshares, Inc. Competitors
Call Now at 866-464-3202 or Click here for a Free Hoover's Trial!