| Business Summary | | RFS
Bancorp,
Inc.
is
the
holding
company
for
Revere
Federal
Savings
Bank,
a
federally
chartered
stock
savings
association
that
conducts
business
from
its
main
office
located
in
Revere,
Massachusetts,
and
a
branch
office
located
in
Chelsea,
Massachusetts.
The
Company
is
engaged
principally
in
the
business
of
attracting
deposits
from
the
general
public
and
investing
those
deposits
in
residential
real
estate
loans
and
in
consumer
and
small
business
loans.
The
Company
also
invests
in
long-
and
short-term
investment
grade
marketable
securities
and
other
liquid
investments.
At
September
30,
2000,
the
Company
had
total
assets
of
$136.9
million,
total
deposits
of
$92.4
million
and
total
equity
of
$10.2
million. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | RFED,
operating
two
branches
in
MA,
is
a
federally
chartered
stock
S&L
attracting
deposits
and
investing
in
mortgage
loans
secured
by
residential
and
commercial
real
estate.
For
the
nine
months
ended
6/30/01,
interest
income
rose
23%
to
$7.9
million.
Net
interest
income
after
loan
loss
provision
rose
18%
to
$3.5
million.
Net
income
fell
62%
to
$170
thousand.
Results
reflect
the
increase
in
interest-earnings
assets,
offset
by
higher
interest
and
personnel
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Arno Bommer, 73 Chairman | -- | James McCarthy, 40 Pres,
CEO | $167K | Ernest Becker, 70 Vice
Chairman | -- | Anthony Patti, 45 CFO,
Exec. VP | 118K | Judith Tenaglia, 48 Treasurer | -- | Dollar
amounts are as of 30-Sep-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
|
|