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  September 5, 2001
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Home > Company Index > Banking > Banking - Northeast > Thistle Group Holdings, Co.

Thistle Group Holdings, Co.
Nasdaq: THTL
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 PROFILE
Thistle Group Holdings is the parent company for the Roxborough-Manayunk Bank, which serves Philadelphia through about a dozen branches. Roxborough-Manayunk's deposit products include CDs, IRAs, and savings, NOW, and money market accounts. The bank's lending activities mainly consist of originating and purchasing residential mortgages (about 55% of its loan portfolio); it also provides multifamily and commercial real estate, consumer, commercial, and home equity loans. Roxborough-Manayunk sells its loans onto the secondary market, retaining the servicing rights. The bank converted from a mutual to a stock company in 1997.

 COMPETITION
First Union Corporation (FTU)
Mellon Financial Corporation (MEL)
The PNC Financial Services Group, Inc. (PNC)

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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 44.20
1-Yr. Sales Growth: 25.6%
Employees: 142
Revenue per employee: $311,267.61

 KEY PEOPLE
• John F. McGill
    CEO
• Jerry A. Naessens
    CFO

 CONTACT INFO
6060 Ridge Ave.
Philadelphia, PA 19128
US
Phone: 215-483-2800
Fax: 215-483-0885
Online: Web Site

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