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Home > Company Index > Banking > Banking - Northeast > Main Street Bancorp, Inc.

Main Street Bancorp, Inc.
Nasdaq: MBNK
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 NEWS FROM THE WIRES
Sovereign says to buy Main Street for $170 million
Jul 17 2001 05:41 AM PDT

Sovereign says to buy Main Street for $170 million
Jul 17 2001 05:41 AM PDT

More WIRE STORIES about this company

 PROFILE
Main Street Bancorp is the holding company for Main Street Bank, Berks County Bank, and Heritage Bank, which together operate more than 40 offices in Pennsylvania's southeastern counties. The banks offer such traditional deposit products as savings and checking accounts, as well as CDs. Main Street Bancorp's loan portfolio includes residential mortgages and commercial, agricultural, construction, and consumer loans. The banks sell most mortage loans on the secondary market. The holding company also operates an investment subsidiary, MBNK Investment Company.

 COMPETITION
First Union Corporation (FTU)
National Penn Bancshares, Inc. (NPBC)
The PNC Financial Services Group, Inc. (PNC)

 STOCK ANALYSIS
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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 109.10
1-Yr. Sales Growth: 17.7%
Employees: 606
Revenue per employee: $180,033.00

 KEY PEOPLE
• Brian M. Hartline
    CEO
• Robert A. Kuehl
    CFO

 CONTACT INFO
601 Penn St.
Reading, PA 19601
US
Phone: 610-685-1400
Fax: 610-685-1514
Online: Web Site

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