| Business Summary | | Wilshire
Financial
Services
Group
Inc.
is
a
diversified
financial
services
company
that
conducts
community-banking
operations
in
Southern
California
and
specialty
servicing
and
finance
operations
nationwide
through
its
two
principal
business
platforms,
Banking
and
Specialty
Servicing
and
Finance.
Through
its
wholly
owned
subsidiary,
First
Bank
of
Beverly
Hills,
FSB,
the
Company
conducts
a
retail
and
wholesale
banking
business
focused
primarily
on
specialty-niche
lending
products,
small-balance
commercial
lending
and
merchant
bankcard
processing.
Through
its
majority-owned
subsidiary,
Wilshire
Credit
Corporation,
the
Company
conducts
a
full-service
mortgage
and
consumer
loan
servicing
business.
Through
its
wholly
owned
subsidiary,
Wilshire
Funding
Corporation,
the
Company
conducts
an
investment
and
co-investment
business
with
institutional
investors. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Wilshire,
a
financial
services
holding
Co.
for
two
federal
savings
banks
and
a
non-bank
subsidiary,
offers
real
estate,
consumer
loans,
loan
securitization
and
bankcard
processing.
For
the
six
months
ended
6/30/01,
interest
income
rose
10%
to
$29.3
million.
Net
interest
income
after
LLP
fell
21%
to
$10.5
million.
Net
income
rose
28%
to
$3
million.
Results
reflect
higher
loan
volume,
offset
by
higher
deposit
costs.
Net
income
reflects
the
expansion
of
WCC's
operations. | More
from
Market Guide: Significant
Developments |
| | | | FY1999 Pay | |
| Larry Faigin, 57 Chairman | -- | Steven Glennon, 56 CEO,
Director | $89K | Bruce Weinstein, 37 CFO | 180K | Jay Memmott, 38 Pres
of Wilshire Credit Corp. | 189K | Chris Tassos, 41 Exec.
VP | -- | Dollar amounts are as of 31-Dec-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
|
|