| Business Summary | | United
Financial
Corp.
(UFC)
is
a
bank
holding
company
with
operations
in
12
Montana
communities,
and
Phoenix
and
Scottsdale,
Arizona.
In
2000,
UFC's
banking
business
was
conducted
through
its
wholly
owned
subsidiaries,
Heritage
Bank
F.S.B.
(Heritage
Bank)
and
Heritage
State
Bank
(State
Bank),
and
Valley
Bank
of
Arizona
(Valley
Bank),
the
wholly
owned
subsidiary
of
Valley
Bancorp,
Inc.
(Valley).
The
Banks
are
engaged
in
the
community
banking
business
of
attracting
deposits
from
the
general
public
through
their
offices
and
using
those
deposits,
together
with
other
available
funds,
to
originate
commercial
(including
lease
financing),
commercial
real
estate,
residential,
agricultural
and
consumer
loans
primarily
in
their
market
areas
in
Montana.
A
majority
of
the
Banks'
banking
business
is
conducted
in
the
Great
Falls
and
Phoenix
areas. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | United
Financial
Corp.
is
a
bank
holding
company
headquartered
in
Great
Falls,
Montana,
with
operations
in
12
other
Montana
communities.
For
the
six
months
ended
6/30/01,
total
interest
income
rose
12%
to
$13.6
million.
Net
interest
income
after
loan
loss
prov.
rose
10%
to
$5.2
million.
Net
income
rose
4%
to
$1.2
million.
Results
reflect
growth
in
the
loan
portfolio,
partially
offset
by
higher
interest
on
deposits
and
higher
compensation
and
benefits
expense. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| John Morrison, 64 Chairman | -- | Kurt Weise, 44 Pres,
CEO | -- | Steve Feurt, 45 Director;
CCO, Sr. VP of the Banks | $145K | Kevin Clark, 45 Sec.,
Sr. VP, Director | 158K | 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
|
|