| Business Summary | | Commercial
Federal
Corp.
is
a
unitary
non-diversified
savings
and
loan
holding
company.
The
primary
subsidiary
of
the
Company
is
Commercial
Federal
Bank,
a
Federal
Savings
Bank.
The
Bank
is
a
community
banking
institution
offering
commercial
and
consumer
banking,
mortgage
banking
and
investment
services.
All
loan
origination
activities
are
conducted
through
the
Bank's
branch
office
network,
through
the
loan
offices
of
Commercial
Federal
Mortgage
Company,
its
wholly
owned
mortgage
banking
subsidiary,
and
through
a
nationwide
correspondent
network
of
mortgage
loan
originators.
The
Bank
also
provides
insurance
and
securities
brokerage
and
other
retail
financial
services. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | CFB
is
a
unitary
non-diversified
savings
and
loan
holding
company
for
Commercial
Federal
Bank.
For
the
comparable
six
months
ended
6/30/01,
total
interest
income
fell
6%
to
$444.9
million.
Net
interest
income
after
loan
loss
provision
fell
15%
to
$136.2
million.
Net
income
fell
4%
to
$48.6
million.
Net
interest
income
reflects
a
lower
volume
of
loans
and
a
higher
loan
loss
provision.
Net
income
reflects
the
inclusion
of
a
$7.3
million
gain
on
the
sale
of
securities. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| William Fitzgerald, 63 Chairman,
CEO | $320K | Robert Hutchinson, 53 Pres,
COO | -- | David Fisher, 44 CFO,
Exec. VP | 165K | Peter Purcell, 41 Exec.
VP, CIO | -- | 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
|
|