Bay Banks of Virginia Cuts Staff

Cumming, Chris
June 2013
American Banker;6/ 5/2013, Vol. 178 Issue 86, p7
Trade Publication
The article mentions Bay Banks of Virginia is offering early retirement to employees who are at least 55 years old and have worked at the bank for at least ten years. The article notes the company's downsizing strategy will save the company $311,000 annually. It also notes the bank's first-quarter 2013 earnings reached $140,000.


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