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Home > Company Index > Banking > Banking - Northeast > American Financial Holdings, Inc.

American Financial Holdings, Inc.
Nasdaq: AMFH
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 NEWS FROM THE WIRES
American Financial to buy American Bank of Conn.
Jul 19 2001 04:31 AM PDT

More WIRE STORIES about this company

 PROFILE
American Financial Holdings is the holding company for American Savings Bank, which demutualized in 1999. American Savings Bank, founded in 1862 as the Savings Bank of New Britain, serves customers through more than 15 branches in Connecticut's Hartford, Middlesex, and Tolland counties. The bank offers a range of standard deposit products including checking, savings, and money market accounts, CDs, and IRAs. The bank's lending activities are focused on residential mortgages (70% of the loan portfolio) and home equity loans (more than 25%). The company also offers trust and investment services, insurance products, and mortgage servicing. American Financial Holdings is buying American Bank of Connecticut.

 COMPETITION
FleetBoston Financial Corporation (FBF)
Sovereign Bancorp, Inc. (SOV)
Webster Financial Corporation (WBST)

 STOCK ANALYSIS
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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 139.70
1-Yr. Sales Growth: 22.5%
Employees: 333
Revenue per employee: $419,519.52

 KEY PEOPLE
• Robert T. Kenney
    CEO
• Charles J. Boulier
    CFO

 CONTACT INFO
102 W. Main St.
New Britain, CT 06051
US
Phone: 860-832-4000
Fax: 860-827-2539
Online: Web Site

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