| Business Summary | | First
Community
Bancorp,
through
its
banking
subsidiaries,
provides
banking
and
other
financial
services
throughout
Southern
California
to
small
and
medium-sized
businesses.
The
banking
subsidiaries
include
Rancho
Santa
Fe
National
Bank
(Rancho
Santa
Fe)
and
First
Community
Bank
of
the
Desert
(First
Community),
which
were
acquired
in
May
2000,
and,
as
of
January
16,
2001,
First
Professional
Bank,
N.A.
(First
Professional)
(collectively,
the
Banks).
The
Company,
through
the
Banks,
derives
its
income
primarily
from
interest
received
on
real
estate
loans,
commercial
loans
and
consumer
loans
and,
to
a
lesser
extent,
on
fees
from
the
sale
of
Small
Business
Administration
(SBA)
loans
originated,
interest
on
investment
securities,
fees
received
in
connection
with
loans
and
other
services
offered,
including
SBA
loan
servicing
and
deposit
services. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | FCBP
is
the
holding
company
for
Rancho
Santa
Fe
National
Bank,
First
Professional
Bank,
and
First
Community
Bank
of
the
Desert.
For
the
six
months
ended
6/30/01,
interest
income
rose
59%
to
$22
million.
Net
interest
income
after
loan
loss
provision
rose
51%
to
$15.5
million.
Net
income
totalled
$3.1
million,
vs.
a
loss
of
$199
thousand.
Net
interest
income
reflects
loan
growth,
partially
offset
by
loan
loss
provisions.
Earnings
reflect
the
absence
of
$3.6
million
in
merger
costs. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| John Eggmeyer, III, 55 Chairman | -- | Matthew Wagner, 44 Pres,
CEO, Director | $66K | Arnold Hahn, 49 CFO,
Exec. VP | 124K | James Boyce, 63 Pres
and CEO of Rancho Santa Fe National Bank | 268K | Gene Gaines, 59 Pres
and CEO of First Professional Bank, N.A. | 203K | 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
|
|