| Business Summary | | UnionBancorp,
Inc.
is
a
bank
holding
company
that
conducts
its
business
through
its
bank
and
non-bank
subsidiaries:
UnionBank,
UnionBank/Central,
UnionBank/West
and
UnionBank/Northwest
(the
Banks);
and
UnionData
Corp.
Inc.,
UnionTrust
Corp.
and
UnionFinancial
Services
Inc.
The
Banks
provide
a
range
of
commercial
and
retail
lending
services
to
corporations,
partnerships
and
individuals,
including
commercial
business
loans,
commercial
and
residential
real
estate
construction
and
mortgage
loans,
loan
participations,
consumer
loans,
revolving
lines
of
credit
and
letters
of
credit.
The
Company
also
provides
a
variety
of
additional
services
and
financial
products
through
its
non-bank
subsidiaries.
Trust
and
asset
management
services
are
offered
by
UnionTrust
Corp.,
while
a
full
line
of
insurance
and
investment
opportunities
can
be
accessed
through
UnionFinancial
Services
Inc.
UnionData
conducts
the
data
processing
of
the
Banks
and
provides
Direct
Payment,
an
automated
payment
option. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | UnionBancorp,
Inc.'s
subsidiary
banks
serve
north
central
Illinois,
areas
surrounding
the
Chicago
metropolitan
area,
and
additional
areas
of
northern
and
western
Illinois.
For
the
six
months
ended
6/30/01,
total
interest
income
rose
7%
to
$28.1
million.
Net
interest
income
after
loan
loss
provision
rose
4%
to
$11.2
million.
Net
income
applicable
to
Common
rose
53%
to
$3
million.
Results
reflect
increased
earning
asset
balances
and
increased
securities
gains. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| John Trainor, 70 Chairman | -- | Charles Grako, 47 Pres,
CEO, Director | $189K | Kurt Stevenson, 34 CFO,
VP | -- | Gaylon Martin, 54 Sr.
VP and CCO | -- | 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
|
|