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  September 5, 2001
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Home > Company Index > Banking > Banking - Northeast > FMS Financial Corporation

FMS Financial Corporation
Nasdaq: FMCO
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 PROFILE
Not many farmers are left in the greater Philadelphia metropolitan area, but Farmers and Mechanics Bank manages to scrape by. A subsidiary of holding company FMS Financial, the bank offers a variety of savings and deposit products, including CDs and IRAs, as well as savings, checking, and money market accounts in New Jersey's Burlington County. Deposits from the bank's more than 30 branches primarily fund residential mortgages (nearly 80% of the loan portfolio), as well as construction, commercial real estate, business, and consumer loans. Siblings Craig (president and CEO) and Frances Yates own more than a quarter of FMS Financial.

 COMPETITION
First Union Corporation (FTU)
FleetBoston Financial Corporation (FBF)
Sovereign Bancorp, Inc. (SOV)

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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 55.30
1-Yr. Sales Growth: 8.4%
Employees: 496
Revenue per employee: $111,491.94

 KEY PEOPLE
• Craig W. Yates
    CEO
• Channing L. Smith
    CFO

 CONTACT INFO
3 Sunset Rd.
Burlington, NJ 08016
US
Phone: 609-386-2400
Fax: 609-386-1979

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