| Business Summary | | First
Financial
Corp.
is
a
financial
holding
company
that
owns
all
of
the
outstanding
capital
stock
of
First
Bank
and
Trust
Company
(the
Bank).
The
Bank
offers
a
full
range
of
consumer
lending
products
including
residential
mortgages
and
home
equity
lines
of
credit,
new
and
used
automobile
loans,
passbook
and
certificate
of
deposit
loans
and
other
personal
secured
and
unsecured
loans. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | First
Financial
Corp.
is
a
bank
holding
company
for
First
Bank
and
Trust
Company,
a
state
chartered
bank
with
four
branches
in
RI.
For
the
six
months
ended
6/30/01,
total
interest
income
increased
6%
to
$6.8
million.
Net
interest
income
after
loan
loss
provision
rose
8%
to
$3.4
million.
Net
income
rose
13%
to
$1
million.
Results
reflect
increased
earning
asset
balances,
a
lower
provision
for
loan
losses
and
increased
residential
mortgage
fees. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Patrick Shanahan, Jr., 56 Chairman,
Pres and CEO | $399K | John Macomber, 53 VP,
Treasurer and CFO | 124K | Thomas Coughlin, 55 VP
of the Bank--Retail Banking | -- | Robert McCormick, 55 VP
of the Bank--Commercial Lending | -- | Betty Ricci, 47 VP
of the Bank--Information and Network Systems and Operations | -- | 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
|
|