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Home > Company Index > Banking > Banking - Mid-Atlantic > Annapolis Bancorp, Inc.

Annapolis Bancorp, Inc.
Nasdaq (SC): ANNB
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 PROFILE
Annapolis Bancorp (formerly Annapolis National Bancorp) is the holding company for BankAnnapolis (formerly Annapolis National Bank), which serves individuals and local businesses through five branches in and around the Maryland capital. Standard retail services include checking and savings accounts, money market accounts, and CDs. The bank primarily originates commercial real estate (nearly 40% of its loan portfolio), business loans (over 20%, including SBA loans), and construction (about 20%) loans; it also makes residential mortgage, home equity, and consumer loans. Lawrence Lerner, a Washington, DC, real estate developer and father of Bancorp president and CEO Richard Lerner, owns nearly 40% of the company.

 COMPETITION
Allied Irish Banks, p.l.c. (AIB)
Bank of America Corporation (BAC)
J.P. Morgan Chase & Co. (JPM)

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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 11.30
1-Yr. Sales Growth: 8.7%
Employees: 75
Revenue per employee: $150,666.67

 KEY PEOPLE
• Richard M. Lerner
    CEO
• Margaret Theiss Faison
    CFO

 CONTACT INFO
1000 Bestgate Rd., Ste. 400
Annapolis, MD 21401
US
Phone: 410-224-4455
Fax: 410-224-3132
Online: Web Site

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