| GLOUCESTER, Va., Feb. 16, 2012 /PRNewswire/ -- Colonial Virginia Bank (OTCBB: CNVB) ("the Bank"), today reported restated results of operations for the fiscal year ended December 31, 2011, which reflected a net loss after taxes of ($373,774), compared to after tax net income of $427,871 in 2010. Pre-tax levels were a net loss of ($585,206) for 2011, compared to net income of $584,730 in 2010. The restatement is being issued as a result of further impairment analysis of classified loans and...continued CNVB Financial bank usairways |
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