| Business Summary | | Gulf
West
Banks,
Inc.
is
a
financial
holding
company.
Gulf
West's
principal
assets
are
all
of
the
issued
and
outstanding
shares
of
capital
stock
of
Mercantile
Bank,
a
state
banking
corporation
(Mercantile).
Gulf
West
also
owns
all
of
the
issued
and
outstanding
shares
of
Mercantile
Bank
Leasing,
Inc.
The
only
business
activity
of
Gulf
West
is
to
own
and
operate
Mercantile.
Mercantile
provides
a
wide
range
of
personal
and
commercial
banking
services
to
customers
located
in
the
Florida
counties
of
Pinellas,
Hillsborough
and
Pasco. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | GWBK
is
a
bank
holding
company
for
Mercantile
Bank
and
Mercantile
Bank
Leasing
Inc.
For
the
six
months
ended
6/30/01,
total
interest
income
rose
11%
to
$16.8
million.
Net
interest
income
after
loan
loss
provision
rose
10%
to
$8.6
million.
Net
income
rose
12%
to
$2
million.
Net
interest
income
reflects
an
increase
in
the
average
loan
portfolio
balance,
partially
offset
by
higher
interest
paid
on
deposits.
Earnings
reflect
higher
income
from
loans. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Gordon Campbell, 68 Chairman,
Pres | $299K | -- | Robert Blakley, 52 Exec.
VP, Director, and Pres CEO of Mercantile | 189K | -- | Barry Miller, 52 Exec.
VP, Sec. and Sr. Exec. VP, Sec. and treasurer of Mercantile | 171K | $37K | Douglas Winton, 53 Exec.
VP, Sr. Exec. VP and COO of Mercantile | 171K | -- | 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
|
|