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Home > Company Index > Banking > Banking - Northeast > Interchange Financial Services Corporation

Interchange Financial Services Corporation
Nasdaq: IFCJ
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 PROFILE
Interchange Financial Services is the holding company for Interchange Bank, which serves individuals and small to midsized businesses through more than 15 branches, including a supermarket branch, in Bergen County, New Jersey. The bank offers standard retail services, including checking, savings, and NOW accounts. The bank's lending is focused on home equity loans (about a quarter of the loan portfolio) and commercial real estate loans (one-third of the portfolio), but it also offers residential mortgage, construction, and consumer loans. Subsidiary Clover Leaf Insurance Agency sells tax-deferred annuities. Other bank subsidiaries are engaged in investment and property management.

 COMPETITION
The Bank of New York Company, Inc. (BK)
First Union Corporation (FTU)
Valley National Bancorp (VLY)

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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 60.00
1-Yr. Sales Growth: 9.9%
Employees: 206
Revenue per employee: $291,262.14

 KEY PEOPLE
• Anthony S. Abbate
    CEO
• Anthony J. Labozzetta
    CFO

 CONTACT INFO
Park 80 West, Plaza 2
Saddle Brook, NJ 07662
US
Phone: 201-703-2265
Fax: 201-703-5291
Online: Web Site

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