| Business Summary | | GBC
Bancorp
is
a
bank
holding
company
that
owns
all
of
the
outstanding
stock
of
its
wholly
owned
subsidiary
General
Bank,
a
community
bank
that
serves
individuals
and
small
to
medium-sized
businesses
through
nineteen
branch
offices
located
in
the
Southern
California
(13),
Northern
California
(4)
and
Washington
(2),
and
a
loan
production
office
in
New
York,
New
York.
The
Bank
offers
a
variety
of
banking
services
to
its
customers,
including
accepting
checking,
savings
and
time
deposits;
making
secured
and
unsecured
loans;
offering
traveler's
checks,
safe
deposit
boxes,
credit
cards
and
other
fee-based
services;
and
providing
international
trade-related
services. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | GBC
Bancorp
is
the
bank
holding
company
for
General
Bank,
a
state-chartered
commercial
bank,
and
its
subsidaries.
For
the
six
months
ended
6/30/01,
total
interest
income
rose
2%
to
$79.3
million.
Net
interest
income
after
loan
loss
provision
fell
20%
to
$35.6
million.
Net
income
before
acct.
chg.
fell
53%
to
$11.2
million.
Net
interest
income
reflects
an
increase
in
average
interest
earning
assets.
Earnings
were
offset
by
higher
interest
on
deposits
and
occupancy
costs. | More
from
Market Guide: Significant
Developments |
| | | | FY1999
Compensation | | Pay | Exer | |
| Li-Pei Wu, 65 Chairman,
CEO | $2.4M | -- | Peter Wu, Ph.D., 51 Pres,
COO, Director | 426K | $78K | Peter Lowe, 58 Exec.
VP and CFO | 186K | 18K | Domenic Massei, 55 Exec.
VP and Operations Administrator of the Bank | 203K | 35K | Eddie Chang, 44 Sr.
VP and Mang. of the Real Estate Department | 188K | 18K | Dollar amounts are as of 31-Dec-1999 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|