Oak Ridge Financial Services, Inc. operates as the holding company for Bank of Oak Ridge that provides commercial banking services primarily in the communities of Oak Ridge, Summerfield, and Greensboro in Guilford County, North Carolina. It primarily engages in generating deposits and originating loans. The company’s deposit products include checking accounts, demand accounts, savings accounts, money market accounts, time deposits, and certificates of deposit. Its loan portfolio comprises commercial mortgage loans; construction loans; commercial loans, including secured loans for working capital, expansionand , other business purposes; consumer loans comprising automobile loans, boat and recreational vehicle financing, home improvement loans, and other secured and unsecured personal loans; home equity lines of credit; and residential real estate loans. Oak Ridge Financial Services also offers financial planning services and sells investment products, including mutual funds, equities, and fixed and variable annuities, as well as offers courier services. As of March 31, 2008, it operated five branches. The company was founded in 2000 and is headquartered in Oak Ridge, North Carolina.

In December the company began participating in the Treasury Department’s Capital Purchase Program.  Under the program the company received $7.7 million from Treasury in exchange for preferred stock.

 

Federal Equity Investment

$7.7 million

Total Revenue

$21.4 million (2008)
$19.1 million (2007)

Net Income

$1.0 million (2008)
$1.0 million (2007)

Number of Employees

73

Corporate Headquarters

Oak Ridge, North Carolina



Business Sector

Banking

Officers and Directors

Black, Ronald, President, Chief Executive Officer, Director

Boike, Douglas, Chairman of the Board

Other Officers and Directors



Corporate Website

www.bankofoakridge.com

Executive Compensation

Oak Ridge Financial

  

►Financial Documents

2009-01-06 Oak Ridge 8K

2008 Oak Ridge Proxy

2008-09-30 Oak Ridge 10Q

2008 Oak Ridge 10-K

2007 Oak Ridge10K
 

Federal contracts

No federal contracts located.
 

Lobbying reports (if any)

Fourth Quarter 2008

No lobbying reports located.
 

Political Contributions

Center for Responsive Politics

 

Related Articles

No related articles located.

 

Last updated June 4, 2009

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