Burke & Herbert Bank & Trust Co.
Staff and guests celebrate the ribbon-cutting at the bank's newest location in Southbridge, Va. (Photo: Courtesy of It's Bryntastic.)
About Burke & Herbert Bank & Trust Co.
100 S. Fairfax St., Alexandria, Va. 22314
www.burkeandherbert.com
| 703-549-6600
| Founded: 1852
Industry: Banking | Category: Banks
The oldest continuously operating bank in Virginia, Burke & Herbert opened its 18th branch last year. The bank created the position of vice president of business development, aimed at developing commercial clients. It also spent months developing a strategic plan, using focus groups of customers, bank employees and board directors to study bank operations and products. Completed in December, the plan sets new goals in such areas as marketing, communication, customer service and profitability.
Chairman and CEO: Charles K. Collum Jr.
2007 Financial Data
Revenues: $91,609,000 | Net Income: $18,532,000Stockholder Equity: $161,588,000 | Annual Dividend: $40.00
Total employees: 330 | Local employees: 330
Company Leadership
| Julian F. Barnwell Jr. | Director |
| A. Hugo Blankingship Jr. | Director |
| Suzanne S. Brock | Director |
| C.S. Taylor Burke III | Senior Executive Vice President and Director |
| David M. Burke | Chairman Emeritus and Director |
| E. Hunt Burke | Vice Chairman, President and Chief Operating Officer |
| N. Vernon Cockrell | Director |
| Charles K. Collum Jr. | Chairman and Chief Executive Officer |
| Bernard M. Fagelson | Director Emeritus |
| Robert L. Fitton | Director |
| Hugh R. Heishman | Director |
| Charles F. Holden III | Director |
| Louis B. Rodenberg | Director |
| Robert E. Lee | Director Emeritus |
| Nicholas Carosi III | Director |
Source: Compensation data provided by Equilar, Inc..
Did You Know
SAFE DEPOSIT: In May, the Virginia Historical Society publicly released the contents of the trunks belonging to Gen. Robert E. Lee's eldest daughter. They were discovered in the basement of the main bank branch in Alexandria in 2002.
