| Business Summary | | Frontier
Financial
Corp.
is
registered
as
a
bank
holding
company
under
the
Bank
Holding
Company
Act
of
1956.
FFC
has
two
subsidiaries:
Frontier
Bank
(the
Bank),
which
is
engaged
in
a
general
banking
business
and
in
businesses
related
to
banking,
and
FFP,
Inc.,
a
non-bank
corporation
which
leases
property
to
the
Bank.
The
Bank
engages
in
general
banking
business,
including
the
acceptance
of
demand,
time
and
savings
deposits
and
the
making
of
loans.
The
Bank
provides
a
full
range
of
consumer
banking
services
including
savings
accounts,
checking
accounts,
installments
and
commercial
lending,
safe
deposit
facilities,
time
deposits
and
other
consumer
and
business
related
financial
services.
In
addition
to
consumer
oriented
activities,
the
Bank
maintains
a
strong
commercial
lending
program,
servicing
businesses
headquartered
in
the
Bank's
principal
market
area. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Frontier
Financial
Corp.
is
a
bank
holding
company
for
Frontier
Bank
and
FFP,
Inc.,
a
non-bank
corporation
which
leases
property
to
the
Bank.
For
the
six
months
ended
6/30/01,
interest
income
rose
11%
to
$76
million.
Net
interest
income
after
LLP
rose
3%
to
$40
million.
Net
income
fell
less
than
1%
to
$15.8
million.
Net
interest
income
reflects
higher
interest
earning
assets,
partially
offset
by
lower
net
interest
margins.
Earnings
were
offset
by
higher
occupancy
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Robert Dickson, 67 Pres
and CEO of the Corp. and the Bank | $640K | $65K | Michael Clementz, 57 Exec.
VP, Frontier bank and Frontier Financial Corp. | -- | -- | James Felicetty, 57 Sec.,
Treasurer | -- | -- | 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.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|