| Business Summary | | Civic
BanCorp
is
a
bank
holding
company.
CivicBank
of
Commerce,
a
wholly
owned
subsidiary,
is
a
full-service
commercial
bank
dedicated
to
providing
personalized
services
to
independent
businesses
and
professional
firms
with
annual
sales
of
$500,000
to
$30
million
in
Alameda,
San
Francisco,
Santa
Clara
and
Contra
Costa
counties
in
California.
The
Bank
also
provides
banking
services
to
individuals
who
are
owners,
partners
or
principals
of
these
businesses
or
professional
practices,
and
other
corporate
executives
and
professionals.
The
Bank
offers
its
clients
certain
customary
banking
services,
such
as
checking,
savings
and
interest-bearing
demand,
money
market
and
time
deposit
accounts;
commercial,
installment
and
real
estate
loans;
safe
deposit
boxes;
automated
cash
management
services;
collection
services;
wire
and
telephone
transfer
services;
courier
services;
lockbox
services,
and
account
reconciliation.
The
Bank
has
one
operating
subsidiary,
Pasco
Services,
Inc. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Civic
BanCorp
is
a
bank
holding
company
for
CivicBank
of
Commerce,
a
commercial
bank
located
in
California.
For
the
six
months
ended
6/30/01,
total
interest
income
rose
less
than
1%
to
$19.2
million.
Net
interest
income
after
loan
loss
provision
fell
2%
to
$13.1
million.
Net
income
fell
9%
to
$2.7
million.
Results
reflect
increased
volume
of
earning
assets,
offset
by
decreased
net
interest
margin
and
the
expenses
for
the
addition
of
three
East
County
Bank
offices. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| C. Donald Carr, 69 Chairman | -- | -- | Herbert Foster, 61 Pres,
CEO | $545K | -- | Gerald Brown, 49 CFO,
Exec. VP | 162K | $21K | Steven Shelton, 40 Pres
of the Bank | 261K | -- | 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
|
|