| Business Summary | | Interchange
Financial
Services
Corp.
is
a
bank
holding
company
of
Interchange
Bank.
The
Bank
is
a
full-service
commercial
bank
and
is
a
member
of
the
Federal
Reserve
System.
Interchange
Bank
offers
banking
services
for
individuals
and
businesses
through
its
17
banking
offices
and
one
supermarket
mini-branch
in
Bergen
County,
New
Jersey.
Through
the
Bank,
the
Company
offers
a
wide
range
of
consumer
banking
services,
including
checking
and
savings
accounts,
money-market
accounts,
certificates
of
deposit,
individual
retirement
accounts,
residential
mortgages,
home
equity
lines
of
credit
and
other
second
mortgage
loans,
home
improvement
loans,
automobile
loans,
personal
loans
and
overdraft
protection.
The
Bank
also
offers
a
VISA
credit
card
and
several
convenience
products,
including
the
Interchange
Check
Card,
which
permits
customers
to
access
their
checking
accounts
by
using
the
card
when
making
purchases. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | IFCJ
is
a
bank
holding
company
for
Interchange
State
Bank.
The
Company
operates
17
banking
offices
in
NJ.
For
the
six
months
ended
6/30/01,
interest
income
rose
10%
to
$29.2
million.
Net
interest
income
after
loan
loss
provision
rose
9%
to
$16.1
million.
Net
income
rose
15%
to
$4.8
million.
Net
interest
income
reflects
higher
interest
earning
assets
on
loans,
partially
offset
by
increased
interest
on
deposits.
Earnings
reflect
increased
service
fees
on
deposit
accounts. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Anthony Andora, 70 Chairman | -- | -- | Anthony Abbate, 61 Pres,
CEO, Director | $639K | $82K | Jeremiah O'Connor, 67 Vice
Chairman | -- | -- | Anthony Labozzetta, 37 Exec.
VP, CFO | 238K | -- | Patricia Arnold, 42 Sr.
VP, Commercial Lending | 190K | -- | 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
|
|