Essex Bancorp of Virginia Beach, Va., hasn't been profitable recently, but it's not for want of effort - and innovative effort at that.

The beleaguered thrift company's latest attempt to resurrect its capital involved the March 15 sale of its retail branch in Charlotte, N.C, for a quick $1.3 million gain.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.