| Business Summary | | Commercial
Bancshares,
Inc.
is
a
bank
holding
company
whose
banking
subsidiary,
the
Commercial
Savings
Bank
(the
Bank),
is
engaged
in
the
business
of
commercial
and
retail
banking,
with
operations
conducted
through
its
main
office
and
branches
located
in
Upper
Sandusky,
Ohio,
and
in
neighboring
communities
in
Wyandot,
Marion,
Hancock
and
Union
counties.
The
Bank's
wholly
owned
subsidiary,
Advantage
Finance,
Inc.,
is
a
consumer
finance
company
operating
in
Marion,
Ohio.
These
market
areas
provide
the
source
of
substantially
all
of
the
Company's
deposit
and
loan
activities,
although
some
indirect
loans
are
made
to
borrowers
outside
the
Company's
immediate
market
area.
The
Company's
primary
deposit
products
are
checking,
savings
and
term
certificate
accounts,
and
its
primary
lending
products
are
residential
mortgage,
commercial
and
installment
loans.
Substantially
all
loans
are
secured
by
specific
items
of
collateral,
including
business
assets,
consumer
assets
and
real
estate. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Commercial
Bancshares
Corporation
is
engaged
in
the
business
of
commercial
and
retail
banking,
with
operations
conducted
through
its
two
subsidiaries.
For
the
six
months
ended
6/30/01,
interest
income
rose
1%
to
$10
million.
Net
interest
income
after
LLP
fell
15%
to
$3.9
million.
Net
income
fell
42%
to
$623
thousand.
Net
interest
income
reflects
a
growth
in
loans,
offset
by
lower
net
interest
margins.
Net
income
reflects
higher
salaries
and
employee
benefits. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Richard Sheaffer, 58 Chairman
of the Company and the Bank | -- | Raymond Graves, 48 Pres,
CEO, Director | $174K | Philip Kinley, 41 Sr.
Exec. VP | -- | James Deer, 47 Sec.,
Treasurer | 144K | Bruce Beck, 49 VP-
Loan Department of the Bank | -- | 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
|
|