| Business Summary | | BostonFed
Bancorp,
Inc.
is
the
holding
company
of
Boston
Federal
Savings
Bank
(Boston
Federal)
and
Broadway
National
Bank,
(Broadway
National),
a
nationally
chartered
commercial
bank.
BostonFed
is
a
registered
multi-bank
holding
company
whose
principal
business
is
conducted
through
its
wholly
owned
subsidiaries,
Boston
Federal
and
Broadway
National
(collectively,
the
Banks).
Through
the
Banks,
BostonFed
attracts
retail
deposits
from
the
general
public
in
the
greater
Boston
metropolitan
area
and
other
areas
of
New
England,
and
invests
those
deposits,
together
with
funds
generated
from
operations,
loan
sales
and
borrowings,
primarily
in
one-
to
four-family
residential
mortgage
loans.
BostonFed
also
invests
in
commercial
real
estate,
construction
and
land,
multi-family
mortgage,
equity
lines
of
credit,
business
and
consumer
loans
and
other
investments. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | BostonFed
Bancorp,
Inc.
is
a
bank
holding
company
for
Boston
Federal
Savings
Bank.
For
the
six
months
ended
6/30/01,
total
interest
income
rose
8%
to
$47.8
million.
Net
interest
income
after
loan
loss
provision
rose
5%
to
$18.2
million.
Net
income
fell
5%
to
$4.5
million.
Net
interest
income
reflects
increased
earning
assets,
partially
offset
by
capital
securities
distributions.
Net
income
was
offset
by
the
absence
of
$274
thousand
in
real
estate
income
recognition. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| David Holland, 59 Chairman,
Pres and CEO of the Company & Chief Exec. Office | $529K | John Simas, 50 Exec.
VP, CFO and Sec. of the Company and BFS | 253K | David Conley, 57 Exec.
VP, Assistant Sec., Assistant Treasurer of the Company | 313K | Dennis Furey, 51 Sr.
VP- Commercial, Construction and Bus. Lending of BFS. | -- | 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
|
|