| Business Summary | | Sturgis
Bank
&
Trust
Co.,
a
state-chartered
stock
savings
bank,
accepts
savings
deposits
from
the
general
public
and
makes
single-family
mortgage,
consumer
and
commercial
loans
through
12
offices
in
Michigan. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | STUR,
a
state
chartered
stock
savings
bank,
accepts
savings
deposits
from
general
public
and
makes
single
family
mortgage,
consumer
and
commercial
loans
through
12
offices
in
MI.
For
the
three
months
ended
3/30/00,
interest
income
rose
10%
to
$4.5
million.
Net
interest
income
after
loan
loss
prov.
rose
7%
to
$2
million.
Net
income
fell
7%
to
$418
thousand.
Results
reflect
increases
in
earning
assets
and
interest
spread,
offset
by
decreased
loan
sales
as
a
result
of
unattractive
rates. Recent Earnings Announcement For
the
3
months
ended
09/30/2000,
after
tax
earnings
were
176. (Preliminary; reported in thousands of dollars.) | More
from
Market Guide: Significant
Developments |
| | |
| Position | J.A. Geothals | Chairman | L.L. Eishen | Pres,
CEO | J.E. Bell Sr. | Sr.
VP, COO | B.P. Hoggatt | VP,
CFO, Treasurer | E.L. Eishen | CAO,
First VP |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|