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Home > Company Index > Banking > Banking - Northeast > MetroWest Bank

MetroWest Bank
Nasdaq: MWBX
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 PROFILE
MetroWest Bank operates more than 15 branches in Framingham, Massachusetts, and surrounding communities west of Boston. Founded in 1883, the bank targets individual and small to midsized local business customers, offering standard retail services such as checking and savings accounts, money market and NOW accounts, and CDs. The bank provides a variety of loan products including commercial real estate loans (about half of the bank's loan portfolio), as well as residential mortgage, construction, commercial, and consumer loans. It sells most of its fixed-rate residential mortgages, retaining the servicing. MetroWest Bank has agreed to be bought by Banknorth Group.

 COMPETITION
Commerce Bancorp, Inc. (CBH)
FleetBoston Financial Corporation (FBF)
Westborough Financial Services, Inc. (WFSM)

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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 64.70
1-Yr. Sales Growth: 17.6%
Employees: 213
Revenue per employee: $303,755.87

 KEY PEOPLE
• John J. McArdle
    CEO
• Brian T. Manning
    CFO

 CONTACT INFO
15 Park St.
Framingham, MA 01701
US
Phone: 508-620-0300
Fax: 508-620-3738
Online: Web Site

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