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Home > Company Index > Banking > Banking - Northeast > Sound Federal Bancorp

Sound Federal Bancorp
Nasdaq: SFFS
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 PROFILE
Sound Federal Bancorp is the holding company for Sound Federal Savings and Loan Association. Through eight locations, the thrift serves suburban New York's Rockland and Westchester counties and Fairfield County, Connecticut. Its deposit products include passbook savings, money market, and NOW accounts and CDs. Funds are mainly used to originate one- to four-family residential mortgages (about 75% of the portfolio), as well as multifamily and commercial mortgages, home equity, construction, and consumer loans. Sound Bancorp, MHC, a mutual holding company, owns about 55% of the company. Sound Federal Bancorp acquired Peekskill Financial Corporation.

 COMPETITION
The Bank of New York Company, Inc. (BK)
HSBC USA Inc. (dossier)
North Fork Bancorporation, Inc. (NFB)

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 FINANCIAL OVERVIEW
Fiscal Year-End: March
2001 Sales (mil.): 34.00
1-Yr. Sales Growth: 63.5%
Employees: 69
Revenue per employee: $492,753.62

 KEY PEOPLE
• Richard P. McStravick
    CEO
• Anthony J. Fabiano
    CFO

 CONTACT INFO
300 Mamaroneck Ave.
Mamaroneck, NY 10543
US
Phone: 914-698-6400
Fax: 914-698-5213
Online: Web Site

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