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Home > Company Index > Banking > Banking - Mid-Atlantic > The Washington Savings Bank, F.S.B.

The Washington Savings Bank, F.S.B.
AMEX: WSB
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 PROFILE
The Washington Savings Bank, a stock savings institution, operates five banking offices and six mortgage-loan origination offices in the Baltimore/Washington, DC corridor. The bank offers personal and business checking accounts, passbooks, Super NOW, club accounts, and CDs. Washington Savings emphasizes the origination of residential mortgages; it also uses deposit funds to make land acquisition and development loans, construction loans, and consumer loans. The bank sells some of its loans on the secondary market. Chairman and CEO William Harnett owns nearly 40% of the company.

 COMPETITION
Allfirst Financial Inc. (dossier)
Bank of America Corporation (BAC)
SunTrust Banks, Inc. (STI)

 STOCK ANALYSIS
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 FINANCIAL OVERVIEW
Fiscal Year-End: July
2000 Sales (mil.): 22.30
1-Yr. Sales Growth: 2.3%
Employees: 86
Revenue per employee: $259,302.33

 KEY PEOPLE
• William J. Harnett
    CEO
• Joseph W. Gross
    CFO

 CONTACT INFO
4201 Mitchellville Rd., Ste. 200
Bowie, MD 20716
US
Phone: 301-352-3130
Fax: 301-352-3131
Online: Web Site

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Copyright © 2001, Hoover's Inc. Austin, Texas.
For changes and updates, contact Hoover's directly.


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