| Business Summary | | Success
Bancshares,
Inc.
is
a
bank
holding
company
with
total
assets
of
over
$601
million
at
December
31,
2000.
Through
its
wholly
owned
subsidiary,
Success
National
Bank
(the
Bank),
the
Company
engages
in
full-service
community
banking.
The
Company
provides
services
to
individuals,
small
to
medium-sized
businesses,
local
governmental
units
and
institutional
clients
primarily
in
the
Northern
Chicago
land
area.
These
services
include
traditional
checking,
NOW,
money
market,
savings
and
time
deposit
accounts,
as
well
as
a
number
of
other
deposit
products
targeted
to
specific
market
segments.
The
Bank
offers
home
equity,
home
mortgage,
commercial
real
estate,
commercial
and
consumer
loans,
safe
deposit
facilities
and
other
services
specially
tailored
to
meet
the
needs
of
customers
in
its
target
markets. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | SXNB
is
a
bank
holding
company
engaged
in
full
service
community
banking
through
its
subsidiary
Success
National
Bank.
For
the
six
months
ended
6/30/01,
total
interest
income
increased
9%
to
$21.6
million.
Net
interest
income
after
LLP
increased
4%
to
$8.6
million.
Net
income
rose
74%
to
$1.4
million.
Net
interest
income
reflects
increased
earning
asset
balances,
partially
offset
by
higher
deposits.
Earnings
reflect
lower
occupancy
and
equipment
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Wilbur Meinen, 51 Chairman,
Pres, CEO | $299K | Kurt Felde, 50 CFO,
Exec. VP | 154K | Laurie Breitenstein, 39 Sr.
VP, Gen. Counsel | 159K | Ronald Tragasz, 54 Assistant
Sec.; Sr. VP, Cashier of the Bank | -- | Christa Calabrese, 52 Exec.
VP, CLO of the Bank | 166K | 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
|
|