| Business Summary | | Abington
Bancorp,
Inc.
is
a
one-bank
holding
company
that
owns
all
of
the
outstanding
capital
stock
of
Abington
Savings
Bank.
The
Company
is
engaged
principally
in
the
business
of
attracting
deposits
from
the
general
public,
borrowing
funds
and
investing
those
deposits
and
funds.
In
its
investments,
the
Company
has
emphasized
various
types
of
residential
and
commercial
real
estate
loans,
commercial
loans,
residential
construction
loans,
consumer
loans
and
investments
in
securities.
The
Company
considers
its
principal
market
to
be
part
of
Plymouth
County
and
Norfolk
County,
Massachusetts,
primarily
Abington,
Brockton,
Canton,
Cohasset,
Halifax,
Hanson,
Holbrook,
Hull,
Kingston,
Pembroke,
Randolph
and
Whitman,
where
it
has
banking
offices,
and
nearby
Rockland,
Duxbury,
Scituate,
Plympton,
Hanover,
East
Bridgewater,
Plymouth,
Carver,
Weymouth
and
Bridgewater.
Additionally,
the
Company
has
mortgage
lending
offices
in
Auburn,
Brockton,
Fall
River
and
Plymouth. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | ABBK
is
a
bank
holding
co.
for
Abington
Savings
Bank
and
Abington
Bancorp
Capital
Trust.
For
the
six
months
ended
6/30/01,
total
interest
income
rose
8%
to
$25.3
million.
Net
interest
income
after
loan
loss
prov.
rose
8%
to
$10.7
million.
Net
income
rose
13%
to
$2.6
million.
Net
interest
income
after
LLP
reflects
increases
in
volumes
of
earning
assets
and
yields.
Net
income
also
reflects
higher
customer
service
fees
and
gains
on
the
sale
of
mortgage
loans. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Wayne Smith, 62 Chairman | -- | James McDonough, 50 Pres
and CEO | $422K | Robert Lallo, 36 CFO,
Exec. VP, Treasurer | 183K | Jack Meehl, Jr., 51 Sr.
VP- Bus. Banking Division | 115K | Cynthia Mulligan, 32 Sr.
VP-Consumer Banking Division | -- | 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
|
|