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  September 5, 2001
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Home > Company Index > Banking > Banking - Northeast > Ambanc Holding Co., Inc.

Ambanc Holding Co., Inc.
Nasdaq: AHCI
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 PROFILE
Oy! Oy! Oy! Punks and Native Americans have found their bank. Ambanc Holding is the holding company for Mohawk Community Bank (formerly a mutual bank, Amsterdam Savings), which serves Albany, Chenango, Fulton, Montgomery, Otsego, Saratoga, Schenectady, and Schoharie counties in New York. Founded in 1886, Mohawk uses consumer deposits to fund residential mortgages, which account for more than 60% of its loan portfolio. Home equity loans make up about 20% of all loans. The bank operates more than 15 banking offices, and has branches in local supermarkets. Subsidiary ASB Insurance Agency offers brokerage services, as well as mutual funds and annuities. The company also operates a real estate investment trust.

 COMPETITION
Cohoes Bancorp, Inc. (COHB)
Community Bank System, Inc. (CBU)
KeyCorp (KEY)

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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 51.80
1-Yr. Sales Growth: 2.4%
Employees: 218
Revenue per employee: $237,614.68

 KEY PEOPLE
• John M. Lisicki
    CEO
• James J. Alescio
    CFO

 CONTACT INFO
11 Division St.
Amsterdam, NY 12010
US
Phone: 518-842-7200
Fax: 518-843-5501
Online: Web Site

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