| Business Summary | | Great
Pee
Dee
Bancorp,
Inc.
was
organized
at
the
direction
of
the
Board
of
Directors
of
First
Federal
Savings
and
Loan
Association
of
Cheraw,
for
the
purpose
of
acquiring
all
of
the
capital
stock
to
be
issued
by
the
Association
in
the
conversion
of
the
Association
from
the
mutual
to
the
stock
form
of
organization.
The
Association's
principal
business
consists
of
attracting
deposits
from
the
general
public
and
originating
fixed-rate
and
adjustable-rate
loans
secured
primarily
by
first
mortgage
liens
on
one-
to
four-family
residential
real
estate.
The
Association
offers
a
number
of
financial
services
including
residential
real
estate
loans;
construction
loans;
commercial
real
estate
loans;
home
improvement
loans;
commercial
loans;
automobile
loans;
money
market
demand
accounts
(MMDAs);
passbook
savings
accounts;
checking
accounts;
full
banking
services;
and
certificates
of
deposit. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Great
Pee
Dee
Bancorp
is
a
bank
holding
company
for
First
Federal
Savings
and
Loan
Association
of
Cheraw,
which
operates
two
branches
in
SC.
For
the
nine
months
ended
3/31/01,
total
interest
income
rose
36%
to
$5.8
million.
Net
interest
income
after
loan
loss
provsion
rose
9%
to
$2.5
million.
Net
income
decreased
5%
to
$623
thousand.
Results
reflect
higher
average
loan
and
securities
balances,
offset
by
increased
personnel
and
occupancy
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| James Crawford, III, 44 Chairman | -- | Herbert Watts, 56 Pres
and CEO | $126K | John Long, 46 VP
and COO | -- | Johnnie Craft, 57 Sec.
and Treasurer | -- | 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
|
|