| Business Summary | | Capital
Corporation
of
the
West
is
the
bank
holding
company
of
County
Bank
(the
Bank).
The
Company's
primary
asset
and
source
of
income
is
the
Bank.
The
Bank
conducts
a
general
commercial
banking
business,
including
the
acceptance
of
demand
(including
interest-bearing),
savings
and
time
deposits.
The
Bank
also
offers
commercial,
agriculture,
real
estate,
personal,
home
improvement,
home
mortgage,
automobile,
credit
card
and
other
installment
and
term
loans.
The
Bank
offers
travelers'
checks,
safe
deposit
boxes,
banking
by
mail,
drive-up
facilities,
24-hour
automated
teller
machines
and
other
customary
banking
services
to
its
customers.
At
December
31,
2000,
the
Company's
wholly
owned
non-bank
subsidiary,
Capital
West
Group,
was
inactive,
as
was
County
Asset
Advisors,
another
wholly
owned
subsidiary.
The
Bank
has
one
additional
wholly
owned
subsidiary,
Merced
Area
Investment
&
Development,
Inc.,
which
was
previously
engaged
in
real
estate
development
activities. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | CCOW
is
a
bank
holding
company
for
County
Bank
and
three
non-banking
subsidiaries.
For
the
six
months
ended
6/30/01,
total
interest
income
increased
21%
to
$28.4
million.
Net
interest
income
after
loan
loss
prov.
increased
21%
to
$15.4
million.
Net
income
rose
17%
to
$3.9
million.
Net
interest
income
reflects
increased
average
loan
balances
and
higher
interest
on
investments
available
for
sales.
Earnings
were
partially
offset
by
increased
salaries
and
related
benefits
expenses. | More
from
Market Guide: Significant
Developments |
| | |
| Position | James Tolladay, 68 | Chairman | Thomas Hawker, 57 | Pres,
CEO | Robert Perry, 50 | Pres,
Consumer Lending Division | Ed Rocha, 47 | Exec.
VP, CBO | R. Dale McKinney, 54 | Sr.
VP and CFO |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|