| Business Summary | | USABancShares.com
Inc.
is
the
bank
holding
company
of
vBank,
a
savings
bank
that
does
business
under
the
name
BankPhiladelphia.
The
Bank,
which
is
the
primary
business
of
the
Company,
has
operated
as
a
community
banking
institution
for
over
114
years.
The
Company
offers
a
variety
of
deposit
products
at
attractive
interest
rates
in
order
to
build
its
customer
base.
The
Company
also
seeks
to
attract
retail
customers
by
offering
convenient
services
such
as
free
electronic
bill
payment.
Its
on-line
deposit
products
and
services
include
deposit
products,
bill
payment
services,
overdraft
protection,
ATM/debit
cards,
lending
programs,
credit
cards,
and
commercial
loans.
As
of
December
31,
2000,
the
Company
had
total
assets
of
$336.5
million
and
total
liabilities
of
$327.8
million. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | USABancShares.com
Inc.
is
a
bank
holding
company
for
vBank,
a
savings
bank
that
does
business
under
the
name
BankPhiladelphia.
For
the
six
months
ended
6/30/01,
total
interest
income
fell
9%
to
$14.2
million.
Net
interest
income
after
loan
loss
provision
fell
15%
to
$4.8
million.
Net
loss
remained
flat
at
$3.9
million.
Results
reflect
lower
average
loan
balances
and
a
higher
provision
for
loan
losses,
offset
by
lower
advertising
and
partnership
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| George Laughlin, 79 Chairman | -- | Craig Scher, 37 Pres,
CEO | $266K | Daniel Machon, Jr., 37 CFO | -- | 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
|
|