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Home > Company Index > Banking > Banking - Northeast > Mystic Financial, Inc.

Mystic Financial, Inc.
Nasdaq: MYST
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 PROFILE
Don't let the name fool you -- Mystic Financial's banking policies are firmly grounded in reality. It is the holding company for Medford Co-operative Bank, whose five full-service branches serve Middlesex County in the northern suburbs of Boston. Founded in 1886, the bank offers standard retail services such as checking and savings accounts, money market and NOW accounts, and CDs. Most of Medford Co-operative's lending is concentrated in residential mortgages (about two-thirds of the portfolio) and commercial real estate loans (more than 20%), although it also originates business, construction, home equity, and consumer loans. Mystic Securities, a subsidiary of the bank, acquires and holds investment securities.

 COMPETITION
Century Bancorp, Inc. (CNBKA)
Massbank Corp. (MASB)
Medford Bancorp, Inc. (MDBK)

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 FINANCIAL OVERVIEW
Fiscal Year-End: June
2001 Sales (mil.): 20.60
1-Yr. Sales Growth: 20.5%
Employees: 90
Revenue per employee: $228,888.89

 KEY PEOPLE
• John M. O'Donnell
    CEO
• Ralph W. Dunham
    CFO

 CONTACT INFO
60 High St.
Medford, MA 02155
US
Phone: 781-395-2800
Fax: 781-391-1352
Online: Web Site

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