| Business Summary | | DNB
Financial
Corp.
is
the
holding
company
for
The
Downingtown
National
Bank
(the
Bank).
The
Bank
is
a
full-service
commercial
bank,
providing
a
wide
range
of
services
to
individuals
and
small
to
medium-sized
businesses
in
its
southeastern
Pennsylvania
market
area.
Bank
services
include
accepting
time,
demand
and
savings
deposits;
and
making
secured
and
unsecured
commercial,
real
estate
and
consumer
loans.
In
addition,
the
Bank
has
one
limited
service
branch
and
a
full-service
Trust
and
Investment
Group.
As
of
December
31,
2000,
the
Bank
had
total
assets
of
$356.7
million,
total
deposits
of
$290.8
million
and
total
stockholders'
equity
of
$23.2
million. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | DNB
Financial
is
a
bank
holding
company
for
The
Downingtown
National
Bank.
For
the
six
months
ended
6/30/01,
interest
income
rose
11%
to
$12.4
million.
Net
interest
income
after
loan
loss
provision
fell
1%
to
$5.4
million.
Net
income
fell
8%
to
$1.2
million.
Net
interest
income
reflects
increased
volume
of
loans
and
investment
securities,
offset
by
increases
in
average
deposits
and
borrowings.
Earnings
were
offset
by
higher
salaries
and
benefits
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Robert Charles, 72 Chairman
of Directors | -- | Henry Thorne, 57 Pres,
CEO | $203K | Bruce Moroney, 44 CFO | 111K | Charles Bradford, 59 Sr.
VP of the Bank | -- | Ronald Dankanich, 46 Sec.
and Sr. Vice Pres--Operations Division and Cashier of the Bank | 109K | 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
|
|