| Business Summary | | First
Charter
Corporation
is
a
bank
holding
company
of
First
Charter
National
Bank
(the
Bank).
The
Bank
accounts
for
over
95%
of
the
Company's
consolidated
assets
and
consolidated
revenues.
The
Bank
is
a
full-service
national
bank
that
operates
52
financial
centers
and
five
insurance
offices
in
addition
to
its
main
office,
as
well
as
99
automated
teller
machines.
The
Bank
provides
a
wide
range
of
banking
products,
including
interest-bearing
and
non-interest-bearing
checking
accounts;
"Money
Market
Rate"
accounts;
certificates
of
deposit;
individual
retirement
accounts;
overdraft
protection;
commercial,
consumer,
agriculture,
real
estate,
residential
mortgage
and
home
equity
loans;
personal
and
corporate
trust
services;
safe
deposit
boxes,
and
automated
banking.
The
Company
also
offers
full
service
and
discount
brokerage
services,
annuity
sales
and
financial
planning
services,
pursuant
to
a
third-party
arrangement
with
UVEST
Investment
Services
through
First
Charter
Brokerage
Services. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | First
Charter
is
a
multi-bank
holding
company
for
First
Charter
National
Bank,
Bank
of
Union
and
HFNC
Financial
Corp.
For
the
six
months
ended
6/30/01,
total
interest
income
rose
4%
to
$109.5
million.
Net
interest
income
after
loan
loss
prov.
fell
2%
to
$49.8
million.
Net
income
rose
from
$5.8
million
to
$17.7
million.
Net
interest
income
reflects
increased
average
loans,
offset
by
higher
interest
expenses.
Earnings
reflect
the
absence
of
$16.3
million
in
restructuring
and
other
charges. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| J. Roy Davis, Jr., 66 Chairman | -- | Lawrence Kimbrough, 60 Pres
and CEO | $304K | Robert Bratton, 52 CFO,
Exec. VP, Treasurer | 212K | James Burt, III, 62 Exec.
VP, Director | -- | Robert James, Jr., 50 Exec.
VP | 211K | 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
|
|