| Business Summary | | Slade's
Ferry
Bancorp
is
the
holding
company
of
wholly
owned
subsidiary,
Slade's
Ferry
Trust
Co.
The
Bank
engages
actively
in
a
broad
range
of
banking
activities,
including
demand,
savings,
time
deposits,
related
personal
and
commercial
checking
account
services,
real
estate
mortgages,
commercial
and
installment
lending,
payroll
services,
money
orders,
travelers
checks,
Visa,
MasterCard,
safe
deposit
rentals,
automatic
teller
machines
and
cash
management
services.
The
Bank
offers
a
full
range
of
commercial,
installment,
student
and
real
estate
loans. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | SFBC
is
a
bank
holding
company
for
Slade's
Ferry
Trust
Company,
a
state-chartered
bank
with
12
offices
in
MA
and
RI.
For
the
six
months
ended
6/30/01,
total
interest
income
rose
4%
to
$14.2
million.
Net
interest
income
after
loan
loss
provision
rose
11%
to
$7.2
million.
Net
income
rose
4%
to
$1.6
million.
Results
reflect
increased
earning
asset
balances
and
a
lower
provision
for
loan
losses,
partially
offset
by
increased
salaries
and
employee
benefits
expense. | More
from
Market Guide: Significant
Developments |
| | | | FY1999 Pay | |
| Donald Corrigan, 69 Chairman
of the Bank and the Corp. | -- | Kenneth Rezendes, 66 Director,
Pres and CEO of the Corp. | $21K | James Carey, 57 Pres
and CEO of Bank and Exec. VP & Director of the Corp. | 222K | Ralph Borges, 64 Exec.
VP and Treasurer of Bank; Teasurer of the Corp. | -- | Peter Collias, 68 Sec.
and Clerk of Bank and of the Corp. and | -- | Dollar
amounts are as of 31-Dec-1999 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
|
|