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  September 5, 2001
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Home > Company Index > Banking > Banking - West > Mid-State Bancshares

Mid-State Bancshares
Nasdaq: MDST
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 PROFILE
Mid-State Bancshares is the holding company for Mid-State Bank, which operates through about 35 locations in California's San Luis Obispo, Santa Barbara, and Ventura counties. The bank primarily serves individuals and small and midsized businesses. It provides a variety of checking, savings, and money market accounts, as well as IRAs. It uses funds from deposits to originate primarily commercial real estate loans (nearly 40% of the portfolio), business, construction, residential mortgage, and other loans. The bank has also expanded into trust services. Mid-State Bancshares is buying rival Americorp, the parent of American Commercial Bank.

 COMPETITION
Bank of America Corporation (BAC)
Pacific Capital Bancorp (SABB)
Westamerica Bancorporation (WABC)

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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 127.80
1-Yr. Sales Growth: 9.1%
Employees: 806
Revenue per employee: $158,560.79

 KEY PEOPLE
• James W. Lokey
    CEO
• James G. Stathos
    CFO

 CONTACT INFO
1026 Grand Ave.
Arroyo Grande, CA 93420
US
Phone: 805-473-7700
Fax: 805-473-7751
Online: Web Site

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