| Business Summary | | NewMil
Bancorp
Inc.
is
the
bank
holding
company
for
NewMil
Bank
(the
Bank),
a
wholly
owned
subsidiary.
The
Bank's
principal
business
consists
of
attracting
deposits
from
the
public
and
using
such
deposits,
with
other
funds,
to
make
various
types
of
loans
and
investments.
The
Bank
offers
both
consumer
and
commercial
deposit
accounts,
including
checking
accounts,
interest-bearing
NOW
accounts,
money
market
accounts,
certificates
of
deposit,
savings
accounts,
Individual
Retirement
Accounts
and
sweep
accounts.
The
Bank
provides
access
to
banking,
24
hours
a
day,
seven
days
a
week,
through
automated
teller
machines
in
13
branches,
through
its
Internet
site
at
www.newmil.com
and
through
bank-by-phone
services. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | NewMil
Bancorp
is
a
bank
holding
company
for
New
Milford
Savings
Bank
which
conducts
its
business
through
14
offices
in
CT.
For
the
comparable
six
months
ended
6/01,
interest
income
increased
42%
to
$18.7
million.
Net
interest
income
after
loan
loss
credit
rose
39%
to
$10
million.
Net
income
increased
31%
to
$2.8
million.
Net
interest
income
reflects
loan
growth,
partially
offset
by
higher
interest
costs.
Earnings
were
partially
offset
by
higher
salary
costs. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Francis Wiatr, 50 Chairman,
Pres, CEO | $341K | Mary Akins, 57 Sr.
VP | -- | John Baker, 51 Sr.
VP | -- | Diane Farrell, 47 Sr.
VP | -- | Roberta Reed, 52 Sr.
VP | -- | Dollar amounts are as of 30-June-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
|
|