| Business Summary | | CoVest
Bancshares,
Inc.
is
the
bank
holding
company
of
CoVest
Banc,
National
Association,
a
national
bank.
The
Bank's
subsidiary
service
corporation,
CoVest
Investments,
Inc.
engages
in
the
business
of
selling
annuities,
insurance
products
and
complete
brokerage
services.
CoVest
Banc
engages
in
a
general
full
service
retail
banking
business
and
offers
a
broad
variety
of
commercial
and
consumer
oriented
products
and
services
to
customers
in
its
primary
market
area.
The
Bank
principally
is
engaged
in
the
business
of
attracting
deposits
from
the
general
public
and
originating
commercial
loans
and
real
estate
loans
in
its
primary
market
area.
The
Bank
also
originates
consumer
loans
and
invests
in
securities.
CoVest
Banc
offers,
on
an
agency
basis
through
CII,
annuities,
insurance
products
and
complete
brokerage
services
to
its
customers. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | CoVest
Bancshares
is
a
bank
holding
company
for
CoVest
Bank,
a
federally
chartered
bank
with
offices
in
Illinois.
For
the
six
months
ended
6/30/01,
total
interest
income
rose
4%
to
$22.1
million.
Net
interest
income
after
loan
loss
provision
rose
13%
to
$9
million.
Net
income
rose
24%
to
$2.7
million.
Results
reflect
higher
average
loan
balances,
reduced
interest
paid
on
FHLB
advances,
increased
loan
related
fees
and
increased
gains
on
the
sale
of
securities. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Frank Svoboda, Jr., 67 Chairman | -- | James Roberts, 58 Pres
and CEO | $253K | Gerald Niedert, 55 Vice
Chairman | -- | Paul Larsen, 51 Exec.
VP, CFO, Treasurer, and Sec. | 167K | J. Stuart Boldry, Jr., 45 Exec.
VP, Retail Banking | 202K | 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
|
|