| Business Summary | | First
National
Community
Bancorp,
Inc.
became
an
active
bank
holding
company
when
it
assumed
ownership
of
First
National
Community
Bank
(the
Bank).
On
November
2,
2000,
the
Federal
Reserve
Bank
of
Philadelphia
approved
the
Company's
application
to
change
its
status
to
a
financial
holding
company.
The
Bank
is
a
wholly
owned
subsidiary
of
the
Company.
The
Company's
primary
activity
consists
of
owning
and
operating
the
Bank,
which
provides
the
customary
retail
and
commercial
banking
services
to
individuals
and
businesses.
The
Bank
provides
practically
all
of
the
Company's
earnings
as
a
result
of
its
services.
The
Bank's
operations
are
conducted
from
offices
located
in
Lackawanna
and
Luzerne
counties,
in
Pennsylvania. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | FNCB
provides
a
variety
of
financial
services
to
individuals
and
corporate
customers
through
its
11
banking
locations
in
northeastern
PA.
For
the
six
months
ended
6/01,
total
interest
income
rose
8%
to
$22.6
million.
Net
interest
income
after
loan
loss
prov.
rose
1%
to
$9.1
million.
Net
income
rose
9%
to
$3.5
million.
Net
interest
income
after
LLP
reflects
an
increase
in
loans.
Net
income
also
reflects
an
increase
of
in
the
gain
on
the
sale
of
securities
and
real
estate. | More
from
Market Guide: Significant
Developments |
| | | | FY1999 Pay | |
| Louis DeNaples, 59 Chairman | -- | J. David Lombardi, 51 Pres,
CEO, Director | $455K | William Lance, 40 Treasurer | -- | Michael Cestone, Jr., 68 Sec.,
Director | -- | Dollar amounts are as of 31-Dec-1999 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
|
|