Home » » Stock News » Central Virginia Bankshares Reports 2008 Third Quarter and Year to Date (PR Newswire)

Central Virginia Bankshares Reports 2008 Third Quarter and Year to Date (PR Newswire)

October 31, 2008 · Filed Under Stock News 

[ad#blogbox]Central Virginia Bankshares, Inc. earned approximately $619,504 net income in the third quarter 2008 before recording a non-cash impairment write-down of $17,850,850 largely related to the Company’s investment in Fannie Mae and Freddie Mac preferred stock, and to a lesser extent, a Lehman Brothers bond.

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