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August 15, 2011 16:30 ET | Source: Commonwealth Bankshares, Inc.

Commonwealth Reports Second Quarter 2011 Loss; Bank Exploring Alternatives to Strengthening Capital

NORFOLK, Va., Aug. 15, 2011 (GLOBE NEWSWIRE) -- Commonwealth Bankshares, Inc. reported today a net loss of $26.2 million and $33.0 million for the three and six months ended June 30, 2011, compared to...
July 18, 2011 15:56 ET | Source: Commonwealth Bankshares, Inc.

Regulators Approve Price as Chief Credit Officer of Commonwealth Bankshares, Inc.

NORFOLK, Va., July 18, 2011 (GLOBE NEWSWIRE) -- Commonwealth Bankshares, Inc. (the "Company" or "Commonwealth") (Nasdaq:CWBS) today named Donald B. Price as chief credit officer after receiving...
July 07, 2011 11:37 ET | Source: Commonwealth Bankshares, Inc.

Commonwealth Directed to Return to Adequate Levels of Capital

NORFOLK, Va., July 7, 2011 (GLOBE NEWSWIRE) -- Commonwealth Bankshares, Inc. (Nasdaq:CWBS) announced today that it is expediting efforts to increase Bank of the Commonwealth's (the "Bank") equity...
May 13, 2011 16:10 ET | Source: Commonwealth Bankshares, Inc.

Commonwealth Reports First Quarter 2011 Loss; Shows Improvement Over Previous Quarter Results

NORFOLK, Va., May 13, 2011 (GLOBE NEWSWIRE) -- Commonwealth Bankshares, Inc. (Nasdaq:CWBS) (the "Company") reported today a net loss of $6.8 million, or $0.98 loss per share, for the three months...
May 12, 2011 10:51 ET | Source: Commonwealth Bankshares, Inc.

Regulators Approve Beisel as Chief Executive Officer and President of Commonwealth Bankshares, Inc.

NORFOLK, Va., May 12, 2011 (GLOBE NEWSWIRE) -- After receiving formal approval from federal and state banking regulators, the Boards of Directors of Commonwealth Bankshares, Inc. ("Commonwealth")...
April 15, 2011 16:15 ET | Source: Commonwealth Bankshares, Inc.

Commonwealth Announces Loss for 2010, Fourth Quarter

NORFOLK, Va., April 15, 2011 (GLOBE NEWSWIRE) -- Commonwealth Bankshares, Inc. (Nasdaq:CWBS) (the "Company") reported today a net loss of $51.8 million for the year ended December 31, 2010 and a net...
December 03, 2010 17:00 ET | Source: Commonwealth Bankshares, Inc.

Commonwealth Bankshares, Inc., Norfolk, VA, Announces the Retirement of President and Chief Executive Officer Edward J. Woodard, Jr., CLBB

NORFOLK, Va., Dec. 3, 2010 (GLOBE NEWSWIRE) -- Commonwealth Bankshares, Inc., (Nasdaq:CWBS) (the "Company") announced today the retirement of Edward J. Woodard, Jr., CLBB as a director and officer of...
August 31, 2010 16:53 ET | Source: Commonwealth Bankshares, Inc.

Commonwealth Bankshares, Inc., Norfolk, VA, Announces Sale of Non-Performing Loans and Purchase of Performing Residential Mortgage Loans

NORFOLK, Va., Aug. 31, 2010 (GLOBE NEWSWIRE) -- Commonwealth Bankshares, Inc., (Nasdaq:CWBS) (the "Company") announced today that on August 25, 2010, Bank of the Commonwealth (the "Bank"), a...
August 13, 2010 16:30 ET | Source: Commonwealth Bankshares, Inc.

Commonwealth Bankshares, Inc., Norfolk, VA, Announces Second Quarter 2010 Results

NORFOLK, Va., Aug. 13, 2010 (GLOBE NEWSWIRE) -- As a prudent measure against potential future losses, management and the board elected to provide an additional $5.0 million to the Bank's allowance for...
July 09, 2010 16:30 ET | Source: Commonwealth Bankshares, Inc.

Commonwealth Bankshares, Inc., Norfolk, VA, Formalizes Agreements With Regulators

NORFOLK, Va., July 9, 2010 (GLOBE NEWSWIRE) -- Commonwealth Bankshares, Inc. (Nasdaq:CWBS) (the "Company") announced today that in recognition of their common goal to maintain the financial soundness...