Community Bankshares, Inc. operates as the holding company for Orangeburg National Bank, Sumter National Bank, Florence National Bank, and Bank of Ridgeway, which provide various banking services in South Carolina. The company accepts business and personal checking accounts, NOW accounts, savings accounts, money market accounts, various term certificates of deposit, IRA accounts, and other deposits from individuals and small businesses. It also offers consumer loans, including car loans, home equity improvement loans secured by first and second mortgages, personal expenditure loans, education loans, and other loans; commercial loans, such as short-term unsecured loans, and short and intermediate term real estate mortgage loans, as well as loans secured by listed stocks, equipment, inventory, and accounts receivable; real estateconstruction loans; real estatemortgage loans; and financial and agricultural loans. In addition, the company provides safe deposit boxes, night depository service, VISA and Master Card brand charge cards, 24-hour automated teller service, and Internet banking services. Community Bankshares, through its nonbanking subsidiary, Community Resource Mortgage, Inc., offers one- to-four family residential mortgage products. The company invests in U.S. treasury and U.S. government agencies, and securities of states and political subdivisions. As of December 31, 2004, the company had two offices in Orangeburg; two offices in Sumter; two offices in Florence; and one office each in Ridgeway, Winnsboro, and Blythewood, South Carolina. Community Bankshares was founded in 1987 and is headquartered in Orangeburg, South Carolina.
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