| Business Summary | | Citizens
Banking
Corporation
is
a
multibank
holding
company.
Citizens
provides
a
full
range
of
banking
and
financial
services
to
individuals
and
businesses,
including
commercial
and
retail
banking,
consumer
finance,
asset
management,
trust
services,
and
mortgage
financing
and
servicing.
Operations
are
primarily
conducted
through
more
than
200
banking
offices
and
241
ATM
locations
in
Michigan,
Illinois,
Wisconsin,
Iowa
and
Minnesota,
as
well
as
through
26
brokerage
centers
in
Michigan,
Illinois,
Wisconsin
and
Iowa. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | CBCF
is
a
multibank
holding
company
for
Citizens
Bank
and
Citizens
Bank
-Illinois,
N.A.,
and
for
several
non-banking
subsidiaries.
For
the
six
months
ended
6/30/01,
total
interest
income
rose
1%
to
$303.8
million.
Net
interest
income
after
loan
loss
provision
fell
5%
to
$141.6
million.
Net
income
rose
14%
to
$51
million.
Net
interest
income
reflects
loan
growth,
offset
by
increased
interest
paid
on
long-term
debt.
Earnings
benefited
from
$5.7
million
in
investment
gains. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Robert Vitito, 58 Chairman,
CEO, Pres of the Company and the Bank | $575K | $442K | John Ennest, 58 Vice
Chairman, CFO and Treasurer | 333K | 147K | Richard Albee, 57 Exec.
VP of the Company and the Bank | -- | -- | Nicholas Cilfone, 50 Exec.
VP of the Company and the Bank | -- | -- | Gary Drainville, 51 Exec.
VP of the Company and the Bank | -- | -- | 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.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|