Bay Banks of Virginia Inc. is the bank holding company for Virginia Commonwealth Bank and VCB Financial Group Inc. Founded in the 1930s, Virginia Commonwealth Bank is headquartered in Richmond, Virginia. With 19 banking offices including one loan production office, located throughout the greater Richmond region, the Northern Neck region, Middlesex County, and the Hampton Roads region, the bank serves businesses, professionals, and consumers with a wide variety of financial services including retail and commercial banking, and mortgage banking. VCB Financial Group provides management services for personal and corporate trusts including estate planning, estate settlement and trust administration, and investment and wealth management services.
Company profile
Ticker
BAYK
Exchange
Website
CEO
Randal R. Greene
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
VCB Financial Group, Inc. • Steptoes Holdings, LLC ...
IRS number
541838100
BAYK stock data
Latest filings (excl ownership)
15-12G
Securities registration termination
10 Feb 21
S-8 POS
Registration of securities for employees (post-effective amendment)
9 Feb 21
S-8 POS
Registration of securities for employees (post-effective amendment)
9 Feb 21
S-8 POS
Registration of securities for employees (post-effective amendment)
9 Feb 21
S-8 POS
Registration of securities for employees (post-effective amendment)
9 Feb 21
8-K
Completion of Acquisition or Disposition of Assets
1 Feb 21
8-K
Shareholders of Blue Ridge Bankshares, Inc. and Bay Banks of Virginia, Inc. Approve Merger
21 Jan 21
425
Business combination disclosure
29 Dec 20
DEFA14A
Additional proxy soliciting materials
28 Dec 20
425
Business combination disclosure
28 Dec 20
Latest ownership filings
4
Elizabeth Hinton Crowther
18 Aug 21
SC 13G/A
MALTESE CAPITAL MANAGEMENT LLC
17 Feb 21
SC 13G/A
EJF Capital LLC
11 Feb 21
4
D Kyle Woolfolk Jr
2 Feb 21
4
James P VanLandingham
2 Feb 21
4
Eric F Nost
2 Feb 21
4
John C Hodges
2 Feb 21
4
C. Dwight Clarke
2 Feb 21
4
Richard A Farmar III
2 Feb 21
4
Elizabeth Hinton Crowther
2 Feb 21
Financial summary
| Quarter (USD) | Sep 20 | Jun 20 | Mar 20 | Sep 19 | |
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| Change in cash | |||||
| Diluted EPS |
| Annual (USD) | Dec 19 | Dec 18 | Dec 17 | Dec 16 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
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| Change in cash | |||||
| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 59.39 mm | 59.39 mm | 59.39 mm | 59.39 mm | 59.39 mm | 59.39 mm |
| Cash burn (monthly) | (no burn) | (no burn) | (no burn) | 331.58 k | (no burn) | (no burn) |
| Cash used (since last report) | n/a | n/a | n/a | 9.37 mm | n/a | n/a |
| Cash remaining | n/a | n/a | n/a | 50.02 mm | n/a | n/a |
| Runway (months of cash) | n/a | n/a | n/a | 150.9 | n/a | n/a |
Institutional ownership, Q4 2020
11.5% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 2 |
| Opened positions | 1 |
| Closed positions | 3 |
| Increased positions | 0 |
| Reduced positions | 1 |
| 13F shares | Current |
|---|---|
| Total value | 13.43 mm |
| Total shares | 1.52 mm |
| Total puts | 0.00 |
| Total calls | 0.00 |
| Total put/call ratio | – |
| Largest owners | Shares | Value |
|---|---|---|
| EJF Capital | 840.20 k | $7.44 mm |
| Maltese Capital Management | 677.10 k | $5.99 mm |