Intervest Bancshares Corporation is a bank holding company. Intervest National Bank (Bank) is the subsidiary Bank of the Company. The Company’s primary purpose is the ownership of the Bank, engaged in real estate mortgage lending, including the participation in loans origination. The Company time to time issues debt and equity securities as needed to raise funds for working capital purposes. The Bank solicits deposit accounts from individuals, small businesses and professional firms located throughout its primary market areas in New York and Florida by offering various deposit products. The Bank uses these deposits, together with funds generated from its operations, principal repayments of loans and securities and from other sources, to originate mortgage loans secured by real estate and to purchase investment securities. The Bank also provides internet banking services through its website.