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Home > Company Index > Banking > Banking - Midwest > GLB Bancorp, Inc.

GLB Bancorp, Inc.
Nasdaq (SC): GLBK
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 PROFILE
GLB Bancorp is the holding company for Great Lakes Bank, which primarily serves individuals and small to medium-sized businesses in Lake County, Ohio. Through more than 10 branches, the bank offers such deposit products as checking, savings, money market, and NOW accounts, as well as certificates of deposit. Great Lakes Bank originates residential and commercial real estate mortgage loans (each more than 40% of its loan portfolio); the bank sells mortgage loans on the secondary market while retaining the servicing. The bank also offers construction and consumer loans. Chairman Jerome Osborne and VC Richard Osborne (father and son) own about a quarter of the company.

 COMPETITION
BANK ONE CORPORATION (ONE)
Fifth Third Bancorp (FITB)
FirstMerit Corporation (FMER)

 STOCK ANALYSIS
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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 10.00
1-Yr. Sales Growth: 20.5%
Employees: 96
Revenue per employee: $104,166.67

 KEY PEOPLE
• Richard T. Flenner
    CEO
• Cheryl Jean Mihitsch
    CFO

 CONTACT INFO
7001 Center St.
Mentor, OH 44060
US
Phone: 440-974-0000
Fax: 440-974-3012
Online: Web Site

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