| Business Summary | | Comm
Bancorp,
Inc.
is
a
bank
holding
company
for
its
two
wholly
owned
subsidiaries,
Community
Bank
and
Trust
Company
(Community
Bank)
and
Comm
Realty
Corporation
(Comm
Realty).
The
Company's
business
consists
primarily
of
the
management
and
supervision
of
Community
Bank.
Comm
Realty,
organized
in
2000,
holds,
manages
and
sells
foreclosed
or
distressed
assets
on
behalf
of
Community
Bank.
Community
Bank
is
a
full-service
commercial
bank
providing
a
range
of
products
and
services,
including
time
and
demand
deposit
accounts,
consumer,
commercial
and
mortgage
loans
and
commercial
leases
to
individuals
and
small
to
medium-sized
businesses
in
its
Northeastern
Pennsylvania
market
area.
As
of
December
31,
2000,
Community
Bank
had
14
branch
banking
offices
located
in
the
Pennsylvania
counties
of
Lackawanna,
Susquehanna,
Wayne
and
Wyoming. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Comm
Bancorp,
Inc.
is
a
bank
holding
company
for
Community
Bank
and
Trust
Company,
a
state
chartered
bank
with
14
offices
in
Pennsylvania.
For
the
six
months
ended
6/30/01,
total
interest
income
rose
5%
to
$15.2
million.
Net
interest
income
after
loan
loss
prov.
rose
4%
to
$7.1
million.
Net
income
rose
5%
to
$2.1
million.
Results
reflect
higher
earning
asset
balances,
partially
offset
by
increased
interest
on
deposits.
Earnings
reflect
increased
fees
and
commissions. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| William Farber, Sr., 63 Chairman | -- | David Baker, 55 Pres
and CEO | $167K | Scott Seasock, 42 CFO,
Sr. VP | 111K | Thomas Sheridan, 42 COO,
Sr. VP | 108K | J. McDonnell, 65 VP | -- | 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
|
|