Intervest Bancshares Corp.

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Company Profile

Intervest Bancshares Corp. is a bank holding company. The company, through its subsidiary, Intervest National Bank, provides banking and real estate lending services. It offers various deposit products, including certificates of deposit, individual retirement accounts, checking and other demand deposit accounts, negotiable order of withdrawal accounts, savings accounts, and money market accounts. Its loan portfolio comprises first mortgage loans secured by commercial and multifamily real estate properties, commercial real estate loans, multifamily loans, land loans, one to four family loans, commercial business loans, and consumer loans. The company also provides Internet banking services, automated teller machine services, wire transfers, automated clearing house transfers, direct deposit of payroll and social security checks, automated drafts for various accounts, and safe deposit boxes. Intervest Bancshares was founded in 1993 by Lowell S. Dansker and is headquartered in New York, NY.