First Virginia Bank
Falls Church, VA — Domestic Branch of a Domestic Bank
Acquired Oct 2003
Vitals
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Total Assets5.5B
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Total Deposits4.0B
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Total Net Loans2.6B
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Net Income7.0M
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Book Value1.2B
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Book Value x22.3B
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Book Value x33.5B
Balance Sheet Highlights
| Financial Highlights | First Virginia Bank | All Insured Commercial Banks in Virginia |
| Balance Sheet $(000) | ||
| Total Assets | 5,526,148 | 314,121 |
| Total Net Loans | 2,606,202 | 194,956 |
| Total Deposits | 3,997,687 | 259,457 |
| Total Equity | 1,166,370 | 33,080 |
| Profitability | ||
| Net Income | 6,958 | 5,088 |
| Return on Average Assets | .579 | 1.136 |
| Return on Average Equity | 5.301 | 12.331 |
| Net Interest Margin | 2.95 | 4.087 |
| Efficiency Ratio | 70.027 | 64.352 |
| Noninterest Income/Revenue | 28.402 | 16.852 |
| Balance Sheet Ratios | ||
| Loan-to-Deposit | 65.193 | 75.845 |
| Securities/Assets | .092 | .556 |
| Total Equity/Total Assets | .211 | .105 |
| Tangible Equity/Tangible Assets | .05 | -.159 |
| Capital Adequacy | ||
| Tier 1 Common Capital | — | — |
| Tier 1 Capital | 316,618 | 25,831 |
| Tier 2 Capital | 29,274 | 2,844 |
| Total Capital | 345,892 | 28,952 |
| Total Risk Weighted Assets | 3,152,657 | 210,399 |
| Leverage Ratio | 6.95 | 9.02 |
| Common Equity Tier 1 Capital Ratio | — | — |
| Tier 1 Capital Ratio | 10.04 | 12.887 |
| Total Capital Ratio | 10.97 | 14.29 |
Timeline for First Virginia Bank
Branch Banking And Trust Company Of Virginia
First Virginia Bank was acquired by Branch Banking And Trust Company Of Virginia 20 years
View Profile Oct 11 2003
Bb&T Corporation
Bb&T Corporation became a new parent organization for First Virginia Bank.
View Profile Jul 02 2003
State Bank
Acquisition: First Virginia Bank acquired a new subsidiary, State Bank, 22 years
View Profile Sep 17 2001
State Bank Services Corporation
State Bank Services Corporation became a new subsidiary organization for First Virginia Bank.
View Profile Sep 17 2001
Premier Trust Company
Acquisition: First Virginia Bank acquired a new subsidiary, Premier Trust Company , 26 years
View Profile Dec 29 1997
| Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
| Branch Banking And Trust Company Of Virginia | Buyer | 24,758,835 | Acquisition | Discontinued | 10/11/2003 |
| State Bank | Seller | 68,870 | Pooling of Interests | Discontinued | 9/17/2001 |
| Premier Trust Company | Seller | Pooling of Interests | Discontinued | 12/29/1997 | |
| First Virginia Bank - Northern Neck | Seller | 74,415 | Discontinued | 7/14/1984 | |
| Affiliated Financial Corporation | Seller | Discontinued | 12/30/1983 | ||
| Farmers And Merchants State Bank | Seller | 84,116 | Discontinued | 6/6/1983 | |
| First Virginia Mortgage Company | Seller | Discontinued | 4/9/1983 | ||
| First Virginia Bank - Loudoun | Seller | 35,123 | Discontinued | 6/12/1982 | |
| First Virginia Bank - Eastern | Seller | 6,456 | Discontinued | 5/22/1982 | |
| First General Credit Inc | Seller | Discontinued | 12/31/1979 | ||
| First Virginia Bank-Manassas National | Seller | 38,769 | Discontinued | 12/30/1978 | |
| Old Dominion Bank | Seller | Discontinued | 9/5/1969 | ||
| Falls Church Bank | Seller | Discontinued | 9/5/1969 | ||
| Colonial National Bank | Seller | Discontinued | 2/19/1968 | ||
| Mount Vernon Bank And Trust Company | Seller | Discontinued | 4/2/1962 |
| Relationships | Role | Relationship Start | Relationship End |
| Bb&T Corporation | Parent | 7/2/2003 | 10/10/2003 |
| First Virginia Banks, Inc. | Parent | 5/9/1956 | 7/1/2003 |
| First Virginia Banks, Inc. | Parent | 12/31/1952 | 5/8/1956 |
| First Virginia Mortgage Company | Subsidary | 12/31/1978 | 10/10/2003 |
| First General Mortgage Company | Subsidary | 1/14/1971 | 10/10/2003 |
| First Virginia Commercial Corporation | Subsidary | 6/18/1981 | 10/10/2003 |
| Bb&T Credit Services, Inc. | Subsidary | 4/22/1993 | 10/10/2003 |
| First Virginia Card Services, Inc. | Subsidary | 8/13/1987 | 6/30/2003 |
| State Bank Services Corporation | Subsidary | 9/17/2001 | 12/31/2002 |
| First General Mortgage Company Of Delaware | Subsidary | 12/31/1977 | 12/30/1988 |
| First Virginia Mortgage Company | Subsidary | 12/31/1977 | 4/8/1983 |
| First General Credit Inc | Subsidary | 12/31/1977 | 12/30/1979 |
| First Virginia Leasing Company | Subsidary | 12/30/1970 | 10/30/1974 |
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