Commonwealth Buys Community Home

Commonwealth Bankshares Inc., Norfolk, Va., has reported the acquisition of Community Home Mortgage of Virginia Inc., Richmond, Va., for an undisclosed amount.Community Home, which is now a wholly owned subsidiary of the Bank of the Commonwealth, is a mortgage brokerage firm that originates, processes, and sells residential mortgages on a servicing-released basis throughout Virginia and Maryland, Commonwealth Bankshares said. Commonwealth Bankshares, the holding company for Bank of the Commonwealth, can be found on the Web at http://www.bankofthecommonwealth.com.