| Business Summary | | Ipswich
Bancshares
Inc.
serves
primarily
as
the
holding
company
for
its
wholly
owned
subsidiary,
Ipswich
Savings
Bank
(the
Bank).
The
Company
operates
out
of
its
main
office
located
at
23
Market
Street,
Ipswich,
Essex
County,
Massachusetts,
and
its
seven
full-service
retail
branch
offices,
located
in
Beverly,
Essex,
Marblehead,
North
Andover,
Rowley,
Reading
and
Salem,
Massachusetts.
The
Company
operates
automatic
teller
machines
at
its
main
office
and
each
of
its
full-service
retail
branch
offices. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Ipswich
Bancshares
is
a
bank
holding
company
for
Ipswich
Savings
Bank.
For
the
three
months
ended
3/31/01,
total
interest
income
rose
7%
to
$5
million.
Net
interest
income
after
loan
loss
provision
rose
2%
to
$2.2
million.
Net
income
decreased
13%
to
$647
thousand.
Net
interest
income
reflects
higher
interest
on
investment
securities,
partially
offset
by
higher
interest
on
deposits.
Net
income
reflects
increased
salaries
and
benefits. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Lawrence Pszenny, 57 Chairman | -- | David Grey, 47 Pres,
CEO, Director | $369K | Francis Kenney, 42 Sr.
VP, CFO, Treasurer | 122K | Michael Allard, 39 Sr.
VP of the Bank | -- | Mark Foley, 46 Sr.
Vice Pres of Commercial Lending of the Bank | -- | Dollar
amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|