| Business Summary | | London
Financial
Corporation
(LFC),
incorporated
in
October
1995,
owns
all
of
the
issued
and
outstanding
stock
of
The
Citizens
Bank
of
London.
The
principal
business
of
Citizens
is
the
origination
of
permanent
and
construction
mortgage
loans
secured
by
first
mortgages
on
one-
to
four-family
residential
real
estate
located
in
Madison
County,
Ohio,
the
primary
market
area
of
Citizens.
Citizens
also
originates
permanent
and
construction
mortgage
loans
secured
by
multifamily
real
estate
(over
four
units)
and
nonresidential
real
estate
in
its
market
area.
In
addition
to
real
estate
lending,
Citizens
originates
commercial
loans
and
secured
and
unsecured
consumer
loans.
Deposits
are
attracted
principally
from
within
the
market
area
of
Citizens
through
the
offering
of
a
broad
selection
of
deposit
instruments,
including
NOW
accounts,
demand
deposit
accounts,
money
market
accounts,
regular
passbook
savings
accounts,
term
certificate
accounts
and
Individual
Retirement
Accounts
(IRAs). | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | London
Financial
Corp.
is
a
bank
holding
company
for
The
Citizen
Loan
and
Savings
Company,
a
state
chartered
bank
with
one
office
in
London,
Ohio.
For
the
three
months
ended
12/31/99,
total
interest
income
rose
5%
to
$832
thousand.
Net
interest
income
after
loan
loss
provision
rose
3%
to
$388
thousand.
Net
income
fell
20%
to
$74
thousand.
Results
reflect
increased
earning
asset
balances
due
to
loan
growth,
offset
by
increased
losses
on
the
sale
of
investment
securities. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY1999 Pay | |
| John Bodle, 52 Pres | $83K | Steven Adams, 42 Exec.
VP of Citizens | -- | Joyce Bauerle, 47 Treasurer
of LFC and VP and Treasurer of Citizents | -- | Rebecca Lohr, 42 Sec. | -- | Dollar
amounts are as of 30-Sep-1999 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
|
|