| Business Summary | | First
Keystone
Corporation
is
a
bank
holding
company
for
The
First
National
Bank
of
Berwick
(the
Bank).
The
Company's
business
consists
primarily
of
managing
and
supervising
the
Bank,
and
its
principal
source
of
income
has
been
dividends
paid
by
the
Bank.
The
Bank's
major
lines
of
business
include
a
commercial
banking
operation
and
a
trust
department.
The
Bank
has
nine
branch
locations
(five
branches
within
Columbia
County,
three
branches
within
Luzerne
County
and
one
in
Montour
County,
Pennsylvania),
and
is
a
full-service
commercial
bank
providing
a
wide
range
of
services
to
individuals
and
small
to
medium-sized
businesses
in
its
Northeastern
and
Central
Pennsylvania
market
area.
As
of
December
31,
2000,
the
Company
had
total
consolidated
assets,
deposits
and
stockholders'
equity
of
approximately
$360.3
million,
$271.5
million
and
$36.7
million,
respectively. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | First
Keystone
Corp.
is
a
bank
holding
company
for
the
First
National
Bank
of
Berwick,
a
state
chartered
bank
with
nine
branches
in
Pennsylvania.
For
the
six
months
ended
6/30/01,
total
interest
income
rose
10%
to
$13.5
million.
Net
interest
income
after
loan
loss
provision
fell
less
than
1%
to
$5.6
million.
Net
income
fell
1%
to
$2.4
million.
Results
reflect
increased
interest
paid
on
deposits
and
long-term
borrowings
and
higher
occupancy
and
equipment
expenses. | More
from
Market Guide: Significant
Developments |
| | | Robert
E. Bull,
Chmn. Robert
J. Wise,
Vice
Chmn. J. Gerald
Bazewicz,
Pres./CEO David
R. Saracino,
Treas./Asst. Secy. | More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|