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Home > Company Index > Banking > Banking - West > Independent Financial Network, Inc.

Independent Financial Network, Inc.
Nasdaq: INFN
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 PROFILE
Independent Financial Network (formerly Security Bank Holding Company) is a multibank holding company with about 15 banking offices and a handful of mortgage lending offices. The banks serve individuals and local businesses by offering a range of standard retail services, including savings, checking, and money market accounts, as well as certificates of deposit. Commercial real estate loans make up more than one-third of a portfolio that also includes business loans and residential mortgages (both about 25% of the portfolio) and personal loans. Subsidiary Security Mortgage sells some real estate loans on the secondary market, but retains servicing. Umpqua Holdings is buying Independent Financial Network.

 COMPETITION
Bank of America Corporation (BAC)
Washington Mutual, Inc. (WM)
Wells Fargo & Company (WFC)

 STOCK ANALYSIS
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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 31.80
1-Yr. Sales Growth: 21.8%
Employees: 228
Revenue per employee: $139,473.68

 KEY PEOPLE
• Charles D. Brummel
    CEO
• Ronald L. Farnsworth
    CFO

 CONTACT INFO
170 S. Second St.
Coos Bay, OR 97420
US
Phone: 541-267-5356
Fax: 541-267-6991
Online: Web Site

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