Community National Bank

Community National Bank (South Boston, VA) was acquired by Carter Bank & Trust. Community National Bank (South Boston, VA) provides banking solutions. The bank offers demand deposits and interest and non-interest-bearing time and savings deposits. Its deposits include jumbo deposits, deposits in transaction accounts, brokered deposits that represent funds, retail time deposits, and money market deposit accounts. The bank provides commercial and industrial loans, consumer loans, commercial real estate loans, and other loans and leases. The company offers consumer loans, including credit card loans, revolving credit plans, and personal loans. It offers commercial real estate loans for land development and on-site construction of industrial, commercial, residential, or farm buildings in the United States; real estate-backed residential loans; and commercial loans collateralized by real estate properties. The bank offers commercial and industrial loans. It offers loans for the purpose of financing agricultural production; loans to other banks, other depository institutions, other associations, companies, and financial intermediaries; loans which include planned and unplanned overdrafts, to governments in non-U.S. countries, to their official institutions, and to international and regional institutions. For 2005, the company has an asset value of 245,250 USD. The bank generated a net income of 2,292 USD in December 31, 2005. The company was formerly known as South Boston Bank and changed its name to Community National Bank (South Boston, VA) in December 1995. Community National Bank (South Boston, VA) was founded in 1985 and is based in South Boston, Virginia.