City Holding Co. (CHCO), is a multibank holding company that was founded in 1982 and is headquartered in Charleston, West Virginia. It provides diversified financial products and services to consumers and local businesses in West Virginia, Kentucky, Ohio, and Virginia through its wholly-owned subsidiary, City National Bank of West Virginia.
City Holding Co.’s products and services include a variety of checking, savings, and money market accounts, as well as individual retirement accounts and certificates of deposit. However, it is not limited to personal banking. Its commercial financial products are diverse as well, ranging from business checking and savings accounts to cash management and merchant services.
A unique aspect of City Holding Co. is its wide range of lending services. It provides loans for everything from homes and cars to commercial real estates and businesses. In mortgages alone, CHCO offers conventional fixed-rate mortgages, adjustable rate mortgages, as well as government loans and programs that first-time home buyers can take advantage of.
At the end of 2020, City Holding reported a net income of $86.7m and total assets exceeding $5.8 billion, representing consistent growth and stable financial performance, further sustaining the company's prominent position in regional banking.
Beyond its strong financial performance however, City Holding has forged a reputation for community engagement and involvement. As part of their corporate social responsibility, City Holding takes pride in promoting financial literacy in the communities they serve and sponsor a variety of charities and community initiatives.
Corporate governance at City Holding Co. is marked with an emphasis on integrity, accountability and ethical business conduct. The company's Board of Directors oversees the strategic planning and operations to ensure long-term value and mitigate risks for its stockholders.
In summary, City Holding Co. stands as not just one of the prominent multi-bank holding companies in the Mid-Atlantic region, but also a company that prioritizes transparency, community involvement, and robust product offerings. With an eye on both customer satisfaction and shareholder value, City Holding has built a reputation for resilience and growth over the years, maintaining strong ties to the communities they serve while being committed to delivering financial solutions that meet the needs of their diverse customer base.