Bay Banks of Virginia, Inc. is a bank holding company, organized under the laws of Virginia on February 10, 1997 with headquarters in Kilmarnock, Virginia. As of July 1, 1997, Bay Banks of Virginia, Inc., assumed ownership of 100% of the stock of the Bank of Lancaster. Prior to this date, the Company operated as the Bank of Lancaster. In August of 1999, Bay Banks of Virginia formed Bay Trust Company. This subsidiary of the holding company was created to purchase the assets of the trust department of the Bank of Lancaster. This sale and transfer of assets was completed on December 31, 1999. As of January 1, 2000, the bank no longer owned or managed the trust function, and Bay Trust Company began operations as a subsidiary of Bay Banks of Virginia.
Bank of Lancaster is a vital, growing institution with nine offices located throughout the Northern Neck of Virginia. The Bank provides individual and commercial customers with a full range of services, including commercial and consumer deposit accounts and loans, credit cards, automated teller machines and other traditional banking services. In addition, Bank of Lancaster offers investment services, including financial planning, securities brokerage, and insurance products through Investment Advantage. If you would like to purchase Bay Banks of Virginia stock, please call Investment Advantage at (804) 435-4152. Additional sources can also be found under the Market Makers link.
Bay Trust Company was formed to purchase and manage the assets of Bank of Lancaster's Trust Department, which opened in 1972. Bay Trust provides management services for personal and corporate trusts, including estate planning, estate settlement and trust administration. Bay Trust also offers financial planning, investment services, management of IRAs and other investment accounts.
Through its two subsidiaries, Bay Banks of Virginia provides a qualified, professional management team and staff with decades of experience and expertise, all of which has positioned Bay Banks as the area's leading financial provider.
