| Business Summary | | Westbank
Corporation
is
a
registered
bank
holding
company
organized
to
facilitate
the
expansion
and
diversification
of
the
business
of
Park
West
Bank
and
Trust
Company
(Park
West)
and
Cargill
Bank
(Cargill)
into
additional
financial
services
related
to
banking.
Park
West
is
chartered
as
a
state
bank
and
trust
company.
Services
offered
include
a
wide
range
of
checking
and
savings
accounts,
loans,
safe
deposit
facilities,
and
automated
teller
machines
at
selected
branch
locations.
Cargill
is
a
state-chartered
savings
and
loan
association. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | WBKC
is
a
registered
bank
holding
company
of
Park
West
Bank
and
Trust
Company,
West
Springfield,
Massachusetts,
and
Cargill
Bank,
Danielson,
Connecticut.
For
the
six
months
ended
6/30/01,
total
interest
income
fell
3%
to
$20.3
million.
Net
interest
income
after
loan
loss
prov.
fell
2%
to
$9.6
million.
Net
income
rose
3%
to
$2
million.
Net
interest
income
reflects
decreased
loans,
partially
offset
by
lower
borrowing
costs.
Net
income
reflects
a
gain
on
the
investment
securities. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Ernest LaFlamme, Jr., 69 Chairman | -- | Donald Chase, 54 Pres,
CEO, Director | $445K | John Lilly, 52 CFO,
Treasurer | 221K | Gary Briggs, 50 Exec.
VP | 221K | 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
|
|