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Home > Company Index > Banking > Banking - Northeast > Massbank Corp.

Massbank Corp.
Nasdaq: MASB
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 PROFILE
Massbank Corporation, unaffiliated with the Vatican, is the holding company for MASSBANK, which operates some 15 branches north of Boston. The bank's retail products include checking, savings, money market, and NOW accounts, as well as CDs and IRAs. Residential mortgages make up nearly 90% of the bank's loan portfolio. The bank also provides home equity, educational, personal, commercial, and construction loans. MASSBANK's investment portfolio is managed through subsidiaries Readibank Investment Corporation and Melbank Investment Corporation, while subsidiary Readibank Properties develops real estate.

 COMPETITION
Century Bancorp, Inc. (CNBKA)
FleetBoston Financial Corporation (FBF)
Medford Bancorp, Inc. (MDBK)

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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 65.30
1-Yr. Sales Growth: 2.4%
Employees: 117
Revenue per employee: $558,119.66

 KEY PEOPLE
• Gerard H. Brandi
    CEO
• Reginald E. Cormier
    CFO

 CONTACT INFO
123 Haven St.
Reading, MA 01867
US
Phone: 781-662-0100
Fax: 781-662-0152
Online: Web Site

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