People: Commonwealth Bankshares Inc (Virginia) (CWBS.O)

CWBS.O on Nasdaq

1.95USD
9 Feb 2010
Price Change (% chg)

$0.17 (+9.55%)
Prev Close
$1.95
Open
--
Day's High
$1.97
Day's Low
$1.79
Volume
21,871
Avg. Vol
23,726
52-wk High
$7.94
52-wk Low
$1.38

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Summary

Name Age Since Current Position
Woodard, Edward 66 1988 Chairman of the Board, President, CEO of the Company and Bank of the Commonwealth
Sabol, Cynthia 46 2004 CFO, Exec. VP, Secretary of Commonwealth Bankshares, Inc. and Bank of the Commonwealth
Fields, Stephen 45 2004 Executive Vice President, Commercial Loan Officer
Hounslow, Simon 44 2004 Executive Vice President, Chief Lending Officer of Bank of the Commonwealth
Payne, William 73 1988 Director
Goldmeier, Morton 85 1988 Director
Tavss, Richard 69 1988 Director
Perlin, Herbert 68 1987 Director
Young, Kenneth 58 1999 Director
Moss, Thomas 80 1999 Director
Bowyer, E. Carlton 75 2001 Director
Fentriss, Laurence 54 2001 Director
Uppalapati, Raju 46 2007 Director
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Biographies

Name Description
Woodard, Edward Edward J. Woodard, Jr., CLBB is Chairman of the Board, President and Chief Executive Officer of Commonwealth Bankshares and Bank of the Commonwealth. He has served as President and Chief Executive Officer of Bank of the Commonwealth since 1973 and as Chairman of the Board since 1988. He has served as Chairman of the Board, President and Chief Executive Officer of Commonwealth Bankshares since 1988. Mr. Woodard is also President and Director of BOC Title of Hampton Roads, Inc., T/A Executive Title Center, BOC Insurance of Hampton Roads, Inc., Community Home Mortgage of Virginia, Inc., T/A Bank of the Commonwealth Mortgage and Commonwealth Financial Advisors, LLC, President of Boush Bank Building Corporation and a general partner in Boush Bank Building Associates. Mr. Woodard has served as a director of the Parent since 1988 and as a director of the Bank since 1973. Mr. Woodard also serves as a director of the FHLB of Atlanta.
Sabol, Cynthia Cynthia A. Sabol, CPA is Executive Vice President, Chief Financial Officer and Secretary of Commonwealth Bankshares, Inc. and Bank of the Commonwealth since February 2004. Ms. Sabol is also Director, Vice President, Secretary and Treasurer of BOC Title of Hampton Roads, Inc., T/A Executive Title Center, BOC Insurance of Hampton Roads, Inc., and Commonwealth Financial Advisors, LLC and Director, Vice President and Treasurer of Community Home Mortgage of Virginia, Inc., T/A Bank of the Commonwealth Mortgage. Prior to joining the Bank, she worked at Hampton Roads Bankshares, Inc., a community bank located in Norfolk, Virginia, as Senior Vice President and Chief Financial Officer for ten years and as an executive with Ernst and Young, a public accounting firm, for nine years. Ms. Sabol is a certified public accountant and received a Bachelor of Science degree from the State University of New York at Albany.
Fields, Stephen Stephen G. Fields is Executive Vice President and Commercial Loan Officer of Commonwealth Bankshares, Inc. He joined the Company in December 2003 as Senior Vice President and Commercial Loan Officer. Mr. Fields is also Director, Vice President and Secretary of Community Home Mortgage of Virginia, Inc., T/A Bank of the Commonwealth Mortgage. In December 2004, he was promoted to Executive Vice President and Commercial Loan Officer. Mr. Fields has 14 years in the banking industry concentrating in commercial, consumer and construction lending. Prior to joining the Bank, Mr. Fields worked at Bank of Hampton Roads, as Senior Vice President and Commercial Loan Officer for nine years. Mr. Fields also worked six years as an examiner with the Federal Reserve Bank of Richmond.
Hounslow, Simon Simon Hounslow has been Executive Vice President and Chief Lending Officer of Bank of the Commonwealth. He has been with the Bank since 1989. In December 2004, he was promoted from Senior Vice President to Executive Vice President and Chief Credit Officer of Commonwealth Bankshares, Inc. Mr. Hounslow has over 17 years in the banking industry, specializing in commercial, consumer and construction lending.
Payne, William William D. Payne, M.D. is Director of Commonwealth Bankshares, Inc. He retired from Drs. Payne, Ives and Holland, Inc. in 2001. Dr. Payne has served as a director of Commonwealth Bankshares, Inc. since 1988 and as a director of the Bank since 1988.
Goldmeier, Morton Morton Goldmeier is Director of Commonwealth Bankshares, Inc. He has served as President of Hampton Roads Management Associates, Inc., a real estate management company, since 1990. Mr. Goldmeier is also a retired partner of Goodman & Company, LLP, a regional certified public accounting and business advisory firm based in Norfolk, Virginia. Mr. Goldmeier has served as a director of the Parent since 1988 and as a director of the Bank since 1988.
Tavss, Richard Richard J. Tavss is Director of Commonwealth Bankshares, Inc. He has served as Senior Counsel of Tavss Fletcher, Norfolk, Virginia, since 1977. Mr. Tavss has served as a director of Commonwealth Bankshares, Inc. since 1988 and as a director of the Bank since 1988.
Perlin, Herbert Herbert L. Perlin is Director of Commonwealth Bankshares, Inc. He has served as senior partner of Perlin Rossen & Associates LLC, a wealth management group located in Virginia Beach, Virginia, since 1983. Mr. Perlin has served as a director of Commonwealth Bankshares, Inc. since 1988 and as a director of the Bank since 1987.
Young, Kenneth Kenneth J. Young is Director of Commonwealth Bankshares, Inc. He has served as President of the Norfolk Tides and Albuquerque Isotopes baseball clubs and Ovations Food Services, since 1996. Mr. Young has served as a director of Commonwealth Bankshares, Inc. since 1999 and as a director of the Bank since 1999.
Moss, Thomas Thomas W. Moss, Jr. is Director of Commonwealth Bankshares, Inc. He was elected Treasurer of the City of Norfolk in 2001. Mr. Moss was formerly Attorney, President and sole owner of Thomas W. Moss, Jr. PC and a former speaker of the House of Delegates for the Commonwealth of Virginia. Mr. Moss has served as a director of the Parent since 1999 and as a director of the Bank since 1999.
Bowyer, E. Carlton E. Carlton Bowyer, Ph.D. is Director of Commonwealth Bankshares, Inc. He served as superintendent of the Virginia Beach School System before retiring in 1991. Dr. Bowyer was employed with the Virginia Beach School System for 31 years. Dr. Bowyer served as a Virginia Beach Advisory Board director prior to becoming a director of Commonwealth Bankshares, Inc. and the Bank in 2001.
Fentriss, Laurence Laurence C. Fentriss is Director of Commonwealth Bankshares, Inc. He has been Managing Partner of CBIA, a private equity fund, since 2006 and President and CEO of Acquiror, Inc., an investment company, since 1996. Past President, Anderson and Strudwick Investment Corporation, parent of Anderson and Strudwick, Inc., a full service brokerage and investment banking firm, and formerly co-founder of Baxter, Fentriss and Company, an investment banking firm. Mr. Fentriss has served as a director of the Parent and the Bank since 2001. Mr. Fentriss also serves as a director of ICB Financial in Ontario, California.
Uppalapati, Raju Mr. Raju V. Uppalapati is Director of Commonwealth Bankshares, Inc.He has been the Chairman and CEO of RAVA Group since 2002. Mr. Uppalapati has been a partner of BD & A Realty & Construction, Inc., one of the largest Real Estate Developers in Eastern North Carolina since 1998 and has served as its CEO since 2003. In addition, he is the founder of several successful business start-ups involved in real estate, hospitality, financial, and technology sectors. Mr. Uppalapati has served as a director of the Parent and the Bank since September 2007.

Basic Compensation

Name Fiscal Year Total
Woodard, Edward 699,183
Sabol, Cynthia 244,779
Fields, Stephen 179,688
Hounslow, Simon 192,514
Payne, William --
Goldmeier, Morton --
Tavss, Richard --
Perlin, Herbert --
Young, Kenneth --
Moss, Thomas --
Bowyer, E. Carlton --
Fentriss, Laurence --
Uppalapati, Raju --
As Of 30 Dec 2008

Options Compensation

Name Options Value
Woodard, Edward 93,854 722,797
Sabol, Cynthia 42,000 184,260
Fields, Stephen 35,000 153,550
Hounslow, Simon 60,620 443,140
Payne, William 0 0
Goldmeier, Morton 0 0
Tavss, Richard 0 0
Perlin, Herbert 0 0
Young, Kenneth 0 0
Moss, Thomas 0 0
Bowyer, E. Carlton 0 0
Fentriss, Laurence 0 0
Uppalapati, Raju 0 0

Insider Trading

Name Shares Traded Price
WOODARD EDWARD JOSEPH JR 10,541 $5.13
TAVSS RICHARD J 10,541 $5.13
YOUNG KENNETH J 10,541 $5.13
FENTRISS LAURENCE C 3,377 $5.13
YOUNG KENNETH J 21,666 $5.13
WOODARD EDWARD JOSEPH JR 21,666 $5.13
FENTRISS LAURENCE C 6,945 $5.13
TAVSS RICHARD J 21,666 $5.13
WOODARD EDWARD JOSEPH JR 37,168 $4.50
TAVSS RICHARD J 37,166 $4.50
FENTRISS LAURENCE C 37,166 $4.50
WOODARD EDWARD JOSEPH JR 45 $4.67
WOODARD EDWARD JOSEPH JR 32 $5.44
HOUNSLOW SIMON 2,723 $8.28
PAYNE WILLIAM D 2,905 $6.97
PAYNE WILLIAM D 2,400 $7.55
PAYNE WILLIAM D 1,200 $7.75
FENTRISS LAURENCE C 3,290 $7.78
WOODARD EDWARD JOSEPH JR 4,537 $8.28
UPPALAPATI RAJU V 1,000 $7.75
UPPALAPATI RAJU V 500 $7.76
YOUNG KENNETH J 6,000 $7.75
YOUNG KENNETH J 6,800 $7.75
YOUNG KENNETH J 2,200 $7.75
FENTRISS LAURENCE C 26,358 $8.00
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