For the full-year period ended December 31, 2007, earnings were $11.2 million, an increase of 10.7%, compared to the full-year period of 2006. Diluted earnings were $1.60 for the full-year period of 2007, compared to $1.70 for the full-year period of 2006.
Edward Woodard, Jr, chairman of the board, president and CEO, said: Throughout my forty-seven year banking career, I have never been more proud and excited to be part of such a dynamic and growing company as Bank of the Commonwealth. 2007 was an exceptional year for us, both in earnings and asset growth.
