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Home > Company Index > Banking > Banking - Northeast > First Essex Bancorp, Inc.

First Essex Bancorp, Inc.
Nasdaq: FESX
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 PROFILE
First Essex Bancorp is the holding company for First Essex Bank, which operates nearly 20 branches in the Merrimack valley of northern Massachusetts and southern New Hampshire. Founded in 1847, the bank targets individuals and regional business customers, providing traditional deposit products like checking and savings accounts, money market accounts, and CDs. Consumer loans (mostly indirect auto loans) comprise about 30% of the bank's diversified loan portfolio, which also includes residential and commercial real estate, business, and construction loans. The bank also provides loans for small commercial aircraft.

 COMPETITION
Andover Bancorp, Inc. (ANDB)
FleetBoston Financial Corporation (FBF)
LSB Corporation (LSBX)

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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 119.40
1-Yr. Sales Growth: 16.1%
Employees: 311
Revenue per employee: $383,922.83

 KEY PEOPLE
• Leonard A. Wilson
    CEO
• William F. Burke
    CFO

 CONTACT INFO
71 Main St.
Andover, MA 01810
US
Phone: 978-681-7500
Fax: 978-458-2030
Online: Web Site

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