| Business Summary | | Mayflower
Co-op
Bank
is
a
Massachusetts
chartered
cooperative
bank
that
acquires
funds,
makes
loans
and
offers
home
equity
lines
of
credit
in
its
primary
market
area. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | MFLR
is
a
MA
chartered
co-operative
bank,
which
acquires
funds,
makes
loans
and
offers
home
equity
lines
of
credit
in
its
primary
market
area.
For
the
three
months
ended
7/00,
interest
income
rose
7%
to
$2.9
million.
Net
interest
income
after
loan
loss
provision
rose
11%
to
$1.5
million.
Net
income
rose
7%
to
$376
thousand.
Net
interest
income
reflects
higher
loan
balances
and
lower
interest
rates
paid
on
deposits.
Earnings
were
partially
offset
by
higher
compensation. Recent Earnings Announcement For
the
3
months
ended
01/31/2001,
revenues
were
2,941;
after
tax
earnings
were
429. (Preliminary; reported in thousands of dollars.) | More
from
Market Guide: Significant
Developments |
| | |
| Position | Edward Pratt | Pres,
CEO | Maria Vafiades | VP,
Treasurer, CFO | John Biggio | VP | Patricia Chesk | VP |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|