| Business Summary | | Hudson
United
Bancorp
(HUB)
is
a
bank
holding
company
for
Hudson
United
Bank
(Hudson
United).
The
Company
directly
owns
Hudson
United,
HUBCO
Capital
Trust
I,
HUBCO
Capital
Trust
II,
JBI
Capital
Trust
I,
Jefferson
Delaware
Inc.
and
AMFDCM,
Inc.
The
Company
is
also
the
indirect
owner,
through
Hudson
United,
of
13
subsidiaries.
As
of
December
31,
2000,
HUB,
through
its
subsidiaries,
had
total
deposits
of
$5.8
billion,
total
loans
of
$5.3
billion
and
total
assets
of
$6.8
billion.
Hudson
United
is
a
full-service
commercial
bank,
and
offers
services
including
imaged
checking,
savings
and
time
deposit
accounts,
24-hour
telephone
banking,
Internet
banking,
trust
services,
cash
management
services,
safe
deposit
boxes,
insurance,
stock,
bond
and
mutual
fund
sales,
secured
and
unsecured
personal
and
commercial
loans,
residential
and
commercial
real
estate
loans
and
international
services
including
import
and
export
needs,
foreign
currency
purchases
and
letters
of
credit. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | HU
is
the
bank
holding
company
for
Hudson
United
Bank.
The
Company,
through
the
Bank,
is
the
indirect
owner
of
13
subsidiaries.
For
the
six
months
ended
6/30/01,
interest
income
fell
29%
to
$242.8
million.
Net
interest
income
after
loan
loss
provision
fell
19%
to
$130.4
million.
Net
income
totalled
$45.3
million,
up
from
$17.3
million.
Results
reflects
decreased
loans,
offset
by
lower
interest
costs,
and
the
absence
of
$60.9
million
in
securities
losses. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Kenneth Neilson, 52 Chairman,
Pres, CEO, Director | $1.4M | William Houlihan, 45 CFO,
Exec. VP | -- | D. Lynn Van Borkulo-Nuzzo, 51 Exec.
VP and Corp. Sec. | 472K | William Coda, 43 Exec.
VP of HR and Professional Devel. | -- | John McIlwain, 62 Exec.
VP, CCO | 349K | 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
|
|