| Business Summary | | Sun
Community
Bancorp
Limited
(Sun),
an
approximately
50%
owned
subsidiary
of
Capitol
Bancorp
Limited,
is
a
bank
holding
company
that
is
a
uniquely
structured
affiliation
of
community
banks.
The
Company
currently
has
14
wholly
or
majority-owned
bank
subsidiaries,
including
Camelback
Community
Bank.
Each
bank
is
viewed
by
management
as
being
a
separate
business
from
the
perspective
of
monitoring
performance
and
allocation
of
financial
resources.
Sun
uses
a
unique
strategy
of
bank
ownership
and
development
through
a
tiered
structure.
Camelback
Community,
a
54.9%
owned
subsidiary
of
the
Company,
is
a
commercial
bank
that
offers
a
full
range
of
commercial
banking
services. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | SCBL
is
a
holding
company
for
14
bank
subsidiaries
operating
in
the
Southwestern
United
States.
For
the
six
months
ended
6/30/01,
interest
income
rose
72%
to
$28.5
million.
Net
interest
income
after
loan
loss
prov.
rose
65%
to
$15.5
million.
Net
income
totaled
$795
thousand,
up
from
$261
thousand.
Net
interest
income
reflects
growth
in
total
assets
and
the
number
of
banks,
partially
offset
by
a
lower
net
interest
margin.
Net
income
also
reflects
increased
service
charges. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Joseph Reid, 58 Chairman,
Pres, CEO | $347K | Michael Kasten, 55 Vice
Chairman | -- | John Lewis, 47 Vice
Chairman | 197K | Lee Hendrickson, 45 CFO,
Exec. VP | -- | Michael Hannley, 52 Exec.
VP | 200K | 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
|
|