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Wright Reports > Company Profile Report > I > Intervest Bancshares Corporation

Intervest Bancshares Corporation - Company Profile Snapshot

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Company Profile: Intervest Bancshares Corporation
Ticker: IBCA
Exchanges: NAS
2008 Sales: 133,520,000
Major Industry: Financial
Sub Industry: Commercial Banks
Country: UNITED STATES
Employees: 72

Business Description
Intervest Bancshares Corporation. The Group's principal activities are to provide various banking and real estate lending services to small and middle-market businesses and individuals. The services rendered by the Group include acceptance of deposits, lending of loans and provision of Internet banking services. The deposits accepted by the Group include certificates of deposit, individual retirement accounts, other time deposits, checking and other demand deposit accounts, NOW accounts, savings and money market accounts. The loans offered by the Group include real estate loans, which primarily includes loans for commercial and multifamily properties and commercial and consumer loans. The lending activities include originating mortgage loans secured by commercial and multifamily real estate properties and to purchase investment securities. The Group operates through six full-service banking offices.

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