| Business Summary | | Omega
Financial
Corporation
is
a
bank
holding
company
that
provides
retail
and
commercial
banking
services
through
43
offices
in
Central
Pennsylvania.
The
Company's
banking
subsidiaries
consist
of
Omega
Bank,
Penn
Central
Bank
and
Hollidaysburg
(the
Bank),
and
its
non-banking
subsidiaries
consist
of
Central
Pennsylvania
Life
Insurance
Company,
Central
Pennsylvania
Investment
Company
and
Central
Pennsylvania
Leasing,
Inc.
Omega
Bank
operates
24
full-service
banking
offices
in
Centre,
Clinton,
Mifflin
and
Juniata
counties.
Penn
Central
Bank
operates
eight
full-service
banking
offices
in
Huntingdon
and
Bedford
counties,
and
Hollidaysburg
operates
11
full-service
banking
offices
in
Blair
County.
The
Banks
provide
a
full
range
of
consumer
and
commercial
services.
The
Banks
also
provide
a
variety
of
trust
and
asset
management
services. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | OMEF,
a
bank
holding
company,
provides
retail
and
commercial
banking
services
through
43
offices
in
Central
PA.
For
the
six
months
ended
6/01,
total
interest
income
rose
4%
to
$39
million.
Net
interest
income
after
loan
loss
prov.
rose
1%
to
$22.6
million.
Net
income
applicable
to
Common
rose
5%
to
$8.4
million.
Net
interest
income
reflects
increased
interest
earning
assets,
partially
offset
by
lower
interest
margins.
Earnings
reflect
increased
service
fee
income. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| David Lee, 63 Chairman,
CEO | $955K | $3.9K | D. Martz, 58 Pres,
COO | 295K | 24.0K | Daniel Warfel, 54 CFO,
Exec. VP | 324K | 4.2K | Donita Koval, 40 Exec.
VP | 119K | -- | JoAnn McMinn, 48 Sr.
VP and Controller | -- | -- | 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
|
|