| Business Summary | | American
Financial
Holdings
Inc.
is
the
holding
company
for
American
Savings
Bank
(the
Bank).
The
Bank
operates
17
banking
offices
in
the
Connecticut
counties
of
Hartford,
Middlesex
and
Tolland,
and
offers
a
full
range
of
banking
services
to
individuals
and
corporate
customers.
The
Company
specializes
in
the
acceptance
of
retail
deposits
from
the
general
public,
and
uses
those
funds,
together
with
funds
generated
from
operations
and
borrowings,
to
originate
residential
mortgage
loans
and
consumer
loans,
primarily
home
equity
loans
and
lines
of
credit.
The
Company
originates
loans
primarily
for
investment.
However,
the
Company
also
sells
loans,
primarily
fixed-rate
mortgage
loans,
in
the
secondary
market,
while
generally
retaining
the
servicing
rights.
The
Company
also
invests
in
mortgage-backed
securities,
debt
and
equity
securities
and
other
permissible
investments. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | AMFH
operates
through
American
Savings
Bank,
a
state-chartered
mutual
savings
bank,
providing
banking
and
other
financial
services
in
Connecticut.
For
the
six
months
ended
6/30/01,
total
interest
income
fell
2%
to
$61.8
million.
Net
interest
income
after
loan
loss
prov.
fell
8%
to
$30.1
million.
Net
income
fell
8%
to
$14.7
million.
Results
reflect
a
decrease
in
interest
earning
assets,
an
increase
in
deposit
related
interest
expense
and
increased
salaries
and
employee
benefits. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Robert Kenney, 58 Chairman,
Pres, CEO, Treasurer | $5.1M | Charles Boulier III CFO,
Exec. VP | 2.8M | Peter Perugini Sr.
VP, CLO | 1.6M | Sheri Pasqualoni Sr.
VP of Marketing, Trust and Investment Management | 1.5M | Richard Moore Sr.
VP of HR, Sec. | 1.5M | 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
|
|