| Business Summary | | Promistar
Financial
Corporation
is
the
bank
holding
company
for
its
wholly
owned
subsidiary,
Promistar
Bank
(the
Bank).
The
Bank
conducts
business
through
a
network
of
73
full-service
offices
located
throughout
southwestern
Pennsylvania.
In
addition,
the
Bank
operates
automated
teller
machines
located
on
both
bank
premises
and
off-premise
sites.
The
Bank
provides
a
full
range
of
financial
services
to
individuals,
businesses
and
governmental
bodies,
including
accepting
demand,
savings
and
time
deposits,
safe
deposit
facilities,
electronic
banking
services,
debit
cards,
money
transfer
services
and
other
banking
services.
The
Bank
also
offers
lending
services,
including
consumer,
real
estate,
commercial
and
industrial
loans. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | PRFC,
a
bank
holding
company
for
Promistar
Bank
and
six
other
non-banking
subsidiaries,
conducts
its
business
through
73
offices
located
in
PA.
For
the
six
months
ended
6/01,
total
interest
income
rose
2%
to
$74.3
million.
Net
int.
income
after
loan
loss
prov.
fell
10%
to
$33.5
million.
Net
income
fell
18%
to
$10.1
million.
Net
interest
income
reflects
higher
interest-earning
assets,
offset
by
a
higher
cost
of
funds.
Net
income
reflects
higher
equipment
and
occupancy
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY1999 Pay | |
| John Anderson, 49 Chairman,
CEO | $450K | Steven Ackmann, 48 Pres,
COO | 281K | J. William Smith, 52 Vice
Chairman and Treasurer | -- | Kim Craig, 44 Vice
Chairman | 236K | George Hay, 58 Vice
Chairman | 1.1M | Dollar amounts are as of 31-Dec-1999 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
|
|