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

Commonwealth Bancorp, Inc.
Nasdaq: CMSB
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 PROFILE
Commonwealth Bancorp is the holding company for Commonwealth Bank, which operates 60 branches in southeastern Pennsylvania. Targeting individuals and regional businesses, the bank offers such retail services as checking and savings accounts, money market accounts, and CDs. Lending activities consist mostly of residential mortgages (more than 55% of all loans); to a lesser extent, the bank writes multifamily mortgage, SBA, commercial real estate, business, and consumer loans. As part of a switch from a traditional thrift to a community bank, the company sold bank subsidiary ComNet Mortgage Services to American Home Mortgage Holdings, which provides mortgage loans and services to bank customers as part of the deal.

 COMPETITION
Commerce Bancorp, Inc. (CBH)
First Union Corporation (FTU)
Harleysville National Corporation (HNBC)

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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 158.10
1-Yr. Sales Growth: (7.5)%
Employees: 802
Revenue per employee: $197,132.17

 KEY PEOPLE
• Charles H. Meacham
    CEO
• Charles M. Johnston
    CFO

 CONTACT INFO
Commonwealth Bank Plaza
Norristown, PA 19401
US
Phone: 610-313-1600
Fax: 610-313-2134
Online: Web Site

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