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New Reward Checking Option With Pretty Easy Qualifications
Wednesday, January 20, 2010 - 1:12 PM1st Commonwealth Bank of Virginia - Details
New reward checking option with pretty easy qualifications.
www.1cbv.com
4.01% to $25K
requires 12 debit card purchases, and 1 direct deposit OR 1 auto debit OR 1 bill pay.
This is a new bank - just opened last fall - with one small office in Arlington, VA. I spoke to the branch manager and she said they will accept accounts nationwide. They have no online account opening process but she is willing, for now, to open them by mail/fax (they just started offering the account yesterday). As I said, this is a VERY small bank, so I am sure that policy will change if a ton of people call her!
Also, as far as I know, it's the only local bank here in the Washington DC area offering reward checking, so it's noteworthy for that reason as well.
www.1cbv.com
4.01% to $25K
requires 12 debit card purchases, and 1 direct deposit OR 1 auto debit OR 1 bill pay.
This is a new bank - just opened last fall - with one small office in Arlington, VA. I spoke to the branch manager and she said they will accept accounts nationwide. They have no online account opening process but she is willing, for now, to open them by mail/fax (they just started offering the account yesterday). As I said, this is a VERY small bank, so I am sure that policy will change if a ton of people call her!
Also, as far as I know, it's the only local bank here in the Washington DC area offering reward checking, so it's noteworthy for that reason as well.
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2. Friday, March 11, 2011 - 5:36 PM
The bank board and executives were fined by regulators (OTS).
The OTS has an issue with a mortgage origination volume that exceeds the OTS's expectations based on the originally approved charter and business plan according to this Washington Post (3/6/2010) article:
http://www.washingtonpost.com/wp-dyn/content/article/2011/03/04/AR2011030404979.html
The OTS has an issue with a mortgage origination volume that exceeds the OTS's expectations based on the originally approved charter and business plan according to this Washington Post (3/6/2010) article:
http://www.washingtonpost.com/wp-dyn/content/article/2011/03/04/AR2011030404979.html
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