| Business Summary | | Port
Financial
Corp.
is
a
stock
holding
company
that
owns
all
of
the
capital
stock
of
Cambridgeport
Bank
(the
Bank).
The
Company's
principal
business
is
its
investment
in
the
Bank.
The
Bank
is
a
community-oriented
bank
providing
retail
and
business
customers
with
value-driven
products
and
services
to
meet
customer
needs.
The
Bank
offers
a
wide
variety
of
deposit
products,
residential
mortgage
loans,
commercial
real
estate
loans,
commercial
loans
and
consumer
loans
to
its
customers
in
the
cities
and
towns
around
Cambridge,
Massachusetts. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Port
Financial
Corp.
is
the
stock
holding
company
for
Cambridgeport
Bank.
Cambridgeport
Bank
is
a
Massachussets
chartered
savings
bank.
For
the
six
months
ended
6/01,
total
interest
income
rose
19%
to
$34.1
million.
Net
interest
income
after
loan
loss
prov.
rose
14%
to
$15.8
million.
Netincome
rose
37%
to
$4
million.
Net
interest
income
reflects
increased
earning
assets,
partially
offset
by
a
higher
interest
expense
on
deposits.
Earnings
reflect
a
gain
on
the
sale
of
deposits. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| James Keegan, 59 Chairman,
CEO of the Company and Pres and CEO of the Bank. | $1.7M | Jane Lundquist, 47 Pres
and Clerk of the Company and Exec. VP of the Bank; | 907K | Charles Jeffrey, 53 CFO,
Sr. VP, Treasurer of the Company and the Bank. | 452K | 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
|
|