| Business Summary | | FirstFed
Financial
Corp.
is
the
holding
company
for
its
wholly
owned
subsidiary,
First
Federal
Bank
of
California.
The
principal
business
of
the
Bank
is
attracting
savings
and
checking
deposits
from
the
general
public,
and
using
such
deposits,
together
with
borrowings
and
other
funds,
to
make
real
estate,
business
and
consumer
loans.
As
of
February
14,
2001,
the
Bank
operated
25
retail
savings
branches,
all
located
in
Southern
California,
and
its
principal
loan
market
is
Southern
California.
The
Bank
has
a
residential
lending
group
that
includes
a
retail
lending
division
with
three
loan
offices,
a
wholesale
loan
office,
a
correspondent
lending
group
and
LENDFFB,
a
loan
origination
group
that
operates
primarily
by
telephone.
The
Bank
has
three
wholly
owned
subsidiaries,
Seaside
Financial
Corporation,
Oceanside
Insurance
Agency,
Inc.
and
Santa
Monica
Capital
Group.
As
of
December
31,
2000,
the
Company
had
assets
totaling
$4.4
billion,
compared
to
$3.9
billion
at
year-end
1999. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | FirstFed
Financial
Corp.
is
an
S
and
L
holding
company
for
First
Federal
Bank
of
CA.
FED
operates
25
retail
savings
branches.
For
the
six
months
ended
6/30/01,
total
interest
income
rose
19%
to
$175.5
million.
Net
interest
income
after
loan
loss
provision
rose
26%
to
$65.7
million.
Earnings
rose
37%
to
$25
million.
Net
interest
income
reflect
higher
interest
earning
assets
and
interest
rate
spreads.
Earnings
also
reflect
an
increase
in
gains
on
the
sale
of
loans. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| William Mortensen, 68 Chairman | -- | Babette Heimbuch, 53 Pres,
CEO, Director | $680K | Douglas Goddard, 48 Exec.
VP, CFO | 241K | James Giraldin, 48 Sr.
Exec. VP and COO | 530K | Daniel Eliot, 44 Exec.
VP, Community and Bus. Banking | -- | 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
|
|