| Business Summary | | First
Federal
Capital
Corp.
is
the
savings
and
loan
holding
company
for
First
Federal
Saving
Bank
of
La
Crosse-Madison
(the
Bank).
The
Bank
is
a
federally
chartered,
federally
insured,
savings
bank
headquartered
in
La
Crosse,
Wisconsin.
The
Bank's
primary
business
is
retail
community
banking,
which
includes
attracting
deposits
from
and
making
loans
to
the
general
public.
In
addition
to
deposits,
the
Bank
obtains
funds
through
borrowings
from
the
Federal
Home
Loan
Bank
of
Chicago,
as
well
as
through
other
sources
such
as
securities
sold
under
agreements
to
repurchase
and
purchases
of
federal
funds.
These
funding
sources
are
principally
used
to
originate
loans,
including
single-family
residential
loans,
commercial
real
estate
loans,
consumer
loans,
and
education
loans.
The
Bank
also
purchases
single-family
residential
and
commercial
real
estate
loans
from
third
party
financial
institutions
and
invests
in
mortgage-backed
and
related
securities. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | MetroWest
Bank,
a
state
chartered
savings
bank,
has
16
banking
offices
and
a
community
financial
information
center.
For
the
six
months
ended
6/30/01,
total
interest
income
rose
15%
to
$33
million.
Net
interest
income
after
loan
loss
provision
rose
19%
to
$17.2
million.
Net
income
rose
9%
to
$4.8
million.
Net
interest
income
reflects
higher
loans
and
lower
short-term
borrowed
funds.
Earnings
were
partially
offset
by
an
increase
in
salary
and
benefit
expenses. | More
from
Market Guide: Significant
Developments |
| | |
| Position | Theodore Valpey Jr. | Chairman | John McArdel III | CEO | Irene Schmitt | Pres,
COO | Brian Manning | Sr.
VP, Treasurer, CFO |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|