| Business Summary | | First
Regional
Bancorp
serves
as
the
bank
holding
company
for
First
Regional
Bank
(First
Regional
or
the
Bank),
a
state-chartered
bank.
First
Regional
offers
a
full
range
of
lending
services
including
commercial,
real
estate,
and
real
estate
construction
loans.
The
Bank
has
developed
a
substantial
portfolio
of
short
and
medium-term
"mini-perm"
first
trust
deed
loans
for
income
properties
as
well
as
specializing
in
construction
lending
for
moderate-size
commercial
and
residential
projects.
The
Bank
also
offers
commercial
loans
for
commercial
and
industrial
borrowers,
which
includes
equipment
financing
as
well
as
short-term
loans.
The
Bank
offers
standard
banking
services
for
its
customers,
including
telephone
transfers,
wire
transfers,
and
travelers
checks.
The
Bank
accepts
all
types
of
demand,
savings,
and
time
certificates
of
deposit.
The
Bank's
Merchant
Services
division
offers
credit
card
deposit
and
clearing
services
for
retailers
and
other
businesses
that
accept
credit
cards. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | First
Regional
Bancorp
is
a
bank
holding
company
for
First
Regional
Bank
in
California.
For
the
six
months
ended
6/30/01,
interest
income
rose
22%
to
$12.1
million.
Net
interest
income
after
loan
loss
provision
rose
15%
to
$8.2
million.
Net
income
rose
10%
to
$1.2
million.
Net
interest
income
reflects
growth
in
loan
portfolio,
partially
offset
higher
interest
paid
on
deposits.
Earnings
reflect
increased
salary
and
benefit
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Jack Sweeney, 71 Chairman,
CEO of the Company and the Bank | $507K | $152K | H. Anthony Gartshore, 57 Pres
of the Company and the Bank | 305K | 122K | Lawrence Sherman, 77 Vice
Chairman | -- | -- | Thomas McCullough, 48 CFO,
Sec. of the Company and Exec. VP, COO and CFO of the Bank | 289K | 26K | 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
|
|