| Business Summary | | Commercial
Bank
of
New
York
(the
Bank),
a
New
York
State-chartered
bank,
commenced
operations
in
July
1988
at
the
Waldorf-Astoria
Building.
Commercial
Bank
of
New
York's
prinicpal
principal
business
activities
are
private
banking,
middle
market
lending
and
retail
banking
services
for
domestic
and
international
customers.
It
is
the
goal
of
the
Bank
to
offer
clients
a
range
of
competitive
products
to
meet
all
types
of
financial
needs.
The
Bank
offers
both
domestic
personal
and
business
banking,
and
international
private
banking. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | CBNY
provides
private
and
commercial
banking
services
through
a
network
of
14
New
York
branches
and
a
Grand
Cayman
branch.
For
the
three
months
ended
3/01,
interest
income
rose
9%
to
$24.4
million.
Net
interest
income
after
loan
prov.
fell
less
than
1%
to
$10.8
million.
Net
income
before
accounting
change
fell
60%
to
$966
thousand.
Results
reflect
increased
securities
income
offset
by
higher
rates
paid
on
deposits
and
$1.2
million
in
merger
related
charges. Recent Earnings Announcement For
the
3
months
ended
06/30/2001,
revenues
were
21,973;
after
tax
earnings
were
1,276. (Preliminary; reported in thousands of dollars.) | More
from
Market Guide: Significant
Developments |
| | |
| Position | Gabriel Safdie | Chairman | Jacob Berman | Pres
and CEO | Herbert Fried | Exec.
VP | Jose Paulucci | Sr.
Exec. VP | Guiora Esrubilsky | Sr.
VP |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|