| Business Summary | | Americorp
is
a
bank
holding
company
for
American
Commercial
Bank
(ACB).
Other
than
its
investment
in
ACB,
the
Company
conducts
no
other
significant
business
activities.
As
of
December
31,
2000,
the
Company
had
total
consolidated
assets
of
approximately
$266
million
and
consolidated
deposits
of
$238
million.
ACB
maintains
three
full-service
banking
offices
in
the
city
of
Ventura,
two
full-service
offices
in
the
city
of
Oxnard
and
one
full-service
office
in
the
city
of
Camarillo,
California.
ACB's
banking
services
include
the
acceptance
of
checking
and
savings
deposits,
and
the
making
of
commercial,
Small
Business
Administration,
real
estate,
personal,
automobile
and
other
installment
loans. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Americorp
is
the
bank
holding
company
for
American
Commercial
Bank.
For
the
six
months
ended
6/30/01,
total
interest
income
rose
1%
to
$10.3
million.
Net
interest
income
after
provision
for
loan
losses
fell
7%
to
$6.5
million.
Net
income
rose
20%
to
$1.4
million.
Net
interest
income
reflects
higher
average
earning
assets,
offset
by
a
decrease
in
net
interest
margin
due
to
declines
in
the
national
prime
rate.
Earnings
also
reflects
the
absence
of
tax
credit
carry
forwards. | More
from
Market Guide: Significant
Developments |
| Officers | | Gerald
J. Lukiewski,
Pres./CEO Allen
W. Jue,
Chmn. Charles
A. Myers,
Sr. VP/CCO Keith
Sciarillo,
Sr. VP/CFO. | More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
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