| Business Summary | | Troy
Financial
Corporation
is
the
bank
holding
company
for
The
Troy
Savings
Bank
and
The
Troy
Commercial
Bank
(collectively,
the
Banks).
Troy
Financial's
primary
business
is
the
business
of
the
Banks.
The
Company
delivers
its
products
and
services
and
interacts
with
its
customers
primarily
through
its
21
branches
and
22
proprietary
automated
teller
machines
throughout
a
six-county
area
in
New
York
State
and
its
24-hour
telephone
banking
service
(Time$aver).
The
Company
focuses
its
lending
activity
primarily
on
the
origination
of
commercial
real
estate
loans,
commercial
business
loans,
residential
mortgage
loans
and
consumer
loans. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Troy
Financial
Corp.
is
a
holding
company
for
The
Troy
Savings
Bank
and
The
Troy
Commercial
Bank.
For
the
nine
months
ended
6/30/01,
total
interest
income
rose
25%
to
$53.6
million.
Net
interest
income
after
loan
loss
provision
rose
20%
to
$27.5
million.
Net
income
rose
3%
to
$6.4
million.
Net
interest
income
reflects
increased
average
earning
assets,
partially
offset
by
a
decreased
net
interest
margin.
Earnings
were
partially
offset
by
$2
million
in
merger
related
integration
costs. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Daniel Hogarty, Jr., 61 Chairman,
Pres, and CEO | $1.9M | David DeLuca, 48 CFO,
Sr. VP | -- | Kevin O'Bryan, 51 Sr.
VP and Sec. | 750K | Michael Mahar, 53 Sr.
VP | 410K | Dollar
amounts are as of 30-Sep-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
|
|