| Business Summary | | Charter
One
Financial,
Inc.
is
a
financial
holding
company.
The
Company's
principal
line
of
business
is
consumer
banking,
which
is
primarily
conducted
through
the
operations
of
Charter
One
Bank,
F.S.B.
and
its
subsidiaries.
The
Company
manages
$33
billion
in
total
assets
and
operates
419
banking
centers
in
six
Midwest
and
Northeast
states.
In
addition
to
retail
and
business
banking
services
in
those
areas,
its
diverse
product
set
also
positions
the
Company
to
serve
other
areas
of
the
United
States,
with
commercial
leasing
services,
indirect
auto
lending
and
mortgage
banking. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | CF
is
a
bank
holding
company
for
Charter
One
Bank
and
Charter
One
Commercial,
with
419
locations
in
six
states.
For
the
six
months
ended
6/30/01,
total
interest
income
rose
8%
to
$1.17
billion.
Net
interest
income
after
loan
loss
prov.
fell
5%
to
$422.3
million.
Net
income
rose
9%
to
$235.2
million.
Net
interest
income
reflects
increased
earning
assets,
offset
by
a
lower
net
yield.
Earnings
benefitted
from
increased
income
from
retail
banking
operations. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Charles Koch, 54 Chairman,
CEO, Pres, Director | $1.4M | $356K | Herbert Chorbajian, 62 Vice
Chairman | -- | -- | Jerome Schostak, 67 Vice
Chairman | -- | -- | Leonard Simon, 64 Vice
Chairman, Director | -- | -- | Richard Neu, 44 Exec.
VP, CFO, Director | 888K | 1.7M | 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.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|