| Business Summary | | FirstMerit
Corporation
is
a
$10.2
billion
bank
holding
company
whose
principal
business
consists
of
owning
and
supervising
its
affiliates.
Through
its
affiliates,
the
Company
operates
primarily
as
a
regional
banking
organization,
providing
a
wide
range
of
banking,
fiduciary,
financial,
insurance
and
investment
services
to
corporate,
institutional
and
individual
customers
throughout
northeastern
and
central
Ohio.
FirstMerit's
largest
subsidiary
is
FirstMerit
Bank
N.A.
The
Company's
principal
direct
operating
subsidiaries,
other
than
FirsMerit
Bank,
include
FirstMerit
Credit
Life
Insurance
Company
and
FirstMerit
Community
Development
Corporation.
FirstMerit's
non-banking
direct
and
indirect
subsidiaries
provide
insurance
sales
services,
credit
life,
credit
accident
and
health
insurance,
securities
brokerage
services,
equipment
lease
financing
and
other
financial
services. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | FMER
is
a
multi-bank
holding
company
which
provides
a
wide
range
of
banking,
fiduciary,
financial,
investment
and
insurance
services.
For
the
six
months
ended
6/30/01,
interest
income
fell
4%
to
$373.3
million.
Net
interest
income
after
LLP
fell
4%
to
$164.2
million.
Net
income
applicable
to
Common
before
accounting
change
fell
1%
to
$78.8
million.
Net
interest
income
reflects
lower
interest
and
dividends.
Lower
earnings
also
reflect
increased
bankcard
and
loan
processing
costs. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| John Cochran, 58 Chairman,
CEO, Director of the Company and the Bank | $622K | -- | Sid Bostic, 58 Pres,
COO, Director of the Company and the Bank | 439K | -- | Terrence Bichsel, 51 Exec.
VP, CFO of the Company and the Bank | -- | -- | Charles Valentine, 61 Exec.
VP, Director | 296K | $5.7M | Larry Shoff, 44 Exec.
VP, CTO | -- | -- | 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.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|