Xenith Bank Revenue and Competitors

Since the early 1990’s, Virginia’s statewide banks have steadily disappeared as consolidation has washed over the industry. Today, the banking landscape in Virginia (and most other states) looks like a ‘barbell.’ Community banks represent one end of the barbell, and large nationwide ‘megabanks’ represent the other. While both serve certain segments well, we do not believe that either group adequately meets the needs of the segments we have targeted. Community banks are typically constrained by capital resources, and megabanks are hampered by their organizational structure. Xenith intends to reside in the middle of the barbell with substantial capital resources, local management and decision making, state-of-the-art technology and a team of experienced professionals dedicated to helping you prosper.