| Business Summary | | Equitable
Bank
(the
Bank)
operates
from
its
headquarters
in
Wheaton,
Maryland,
and
three
branch
offices
in
Montgomery
and
Prince
George's
Counties,
Maryland.
The
Bank
is
principally
engaged
in
the
business
of
attracting
deposits
from
the
general
public
and
using
such
deposits
to
originate
real
estate
mortgage
loans,
consumer
loans
and
other
loans
and
investments. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | EQSB
is
a
federally
charted
S
and
L
bank
whichs
uses
its
funds
to
originate
permanent
real
estate
mortgage
loans,
consumer
loans
and
other
loans
and
investments.
For
the
nine
months
ended
6/30/01,
interest
income
rose
6%
to
$25.2
million.
Net
interest
income
after
loan
loss
prov.
fell
5%
to
$6.7
million.
Net
income
fell
16%
to
$1.6
million.
Results
reflect
higher
average
loan
balances,
offset
by
increased
interest
on
deposits,
and
lower
loan
servicing
fees. | More
from
Market Guide: Significant
Developments |
| Officers | |
| Position | Gordon Luckett | Chairman | Timothy Veith | Pres,
CEO, Director | David Hynes | Exec.
VP, CFO | Barbara Lucas | Exec.
VP - Lending Division | Daniel Russo | Sr.
VP, Treasurer |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|