| Business Summary | | Hawthorne
Financial
Corporation
is
a
savings
and
loan
holding
company
that
conducts
all
of
its
business
through,
and
owns
100%
of
the
stock
of,
Hawthorne
Savings,
F.S.B.
(The
Bank).
The
Bank
has
seven
full-service
retail
offices
that
are
located
in
southern
California,
and,
through
this
network,
the
Bank
offers
a
variety
of
consumer
banking
products
that
include
the
traditional
range
of
checking
and
savings
accounts,
money
market
accounts
and
certificates
of
deposit.
The
Bank's
primary
target
market
is
the
South
Bay
region
of
southern
California,
but
it
also
has
branches
in
the
San
Fernando
Valley
and
Westlake
Village
areas
of
Los
Angles
County.
The
Company
originates
loans
consisting
primarily
of
the
single
family
residential,
single
family
construction
and
income
property
multi-family
and
commercial
varieties. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | HTHR
is
bank
holding
company
for
Hawthorne
Savings,
a
federally
chartered
savings
bank
with
six
offices
in
Southern
California.
For
the
six
months
ended
6/30/01,
interest
income
rose
7%
to
$75.5
million.
Net
interest
income
after
loan
loss
provision
fell
3%
to
$26.5
million.
Net
income
fell
5%
to
$6.6
million.
Net
interest
income
reflects
loan
growth,
offset
by
higher
interest
costs.
Earnings
also
reflect
increased
salaries
and
related
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY1999 Pay | |
| Timothy Chrisman, 53 Chairman | -- | Simone Lagomarsino, 38 Pres,
CEO, Director | $319K | Eileen Lyon, 42 Sr.
VP, Gen. Counsel, Sec. | -- | William Brown, 43 Sr.
VP of Hawthorne Savings | -- | David Hardin, Jr., 46 Exec.
VP of Hawthorne Savings | 243K | 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
|
|