| Business Summary | | The
Banc
Corporation
is
a
bank
holding
and
financial
holding
company
that
offers
a
broad
range
of
banking
and
related
services
in
29
locations
in
Alabama
and
the
Florida
panhandle.
The
principal
subsidiary
of
the
Company
is
The
Bank,
which
is
99.97%
owned
by
the
Company.
The
Bank
has
been
in
business
as
a
full
service
commercial
and
retail
bank
and
currently
has
22
locations
in
Alabama.
The
Company
offers
a
range
of
lending
services,
including
real
estate,
consumer
and
commercial
loans,
primarily
to
individuals
and
businesses
and
other
organizations
that
are
located
in
or
conduct
a
substantial
portion
of
their
business
in
our
market
areas.
Core
deposits
are
the
Company's
principal
source
of
funds,
consisting
of
demand
deposits,
interest-bearing
transaction
accounts,
savings
deposits
and
certificates
of
deposit. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | The
Banc
Corporation
is
a
bank
holding
company
whose
subsidiaries
operate
29
full
services
banking
offices
throughout
Alabama.
For
the
six
months
ended
6/30/01,
total
interest
income
rose
32%
to
$45.6
million.
Net
interest
income
after
loan
loss
provision
rose
19%
to
$18.3
million.
Net
income
rose
42%
to
$3
million.
Results
reflect
increased
earning
asset
balances,
increased
service
charges
on
deposit
accounts
and
a
decline
in
professional
fees
and
foreclosure
losses. | More
from
Market Guide: Significant
Developments |
| | | | FY1999 Pay | |
| James Taylor, 58 Chairman,
CEO | $475K | James Taylor, Jr., 35 Pres,
COO, Director | 228K | Terry DuBose, 52 Vice
Chairman | 257K | James Kent, Jr., 59 Vice
Chairman | -- | Larry Matthews Vice
Chairman | -- | 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
|
|