| Business Summary | | Commercial
Bankshares,
Inc.
is
a
bank
holding
company
whose
wholly
owned
subsidiary
and
principal
asset
is
the
Commercial
Bank
of
Florida
(the
Bank).
The
Company,
through
its
ownership
of
the
Bank,
is
engaged
in
commercial
and
consumer
banking
business,
which
primarily
consists
of
attracting
deposits
from
the
areas
served
by
its
banking
offices
and
using
those
deposits,
together
with
funds
derived
from
other
sources,
to
originate
a
variety
of
commercial,
consumer
and
real
estate
loans,
including
commercial
loans
collateralized
by
real
estate.
The
Bank
is
a
chartered
banking
corporation
that
operates
from
its
14
banking
facilities.
They
consist
of
a
main
office
and
nine
other
offices
located
in
Miami-Dade
County,
Florida,
and
four
offices
located
in
Broward
County,
Florida. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Commercial
Bankshares
is
a
bank
holding
company
for
Commercial
Bank
of
Florida,
engaged
in
commercial
banking
with
14
branches
in
Miami-Dade
and
Broward
Counties.
For
the
six
months
ended
6/30/01,
total
interest
income
rose
12%
to
$19
million.
Net
interest
income
after
LLP
increased
4%
to
$9.9
million.
Net
income
rose
9%
to
$3.4
million.
Net
interest
income
reflects
increased
earning
asset
balances,
partially
offset
by
higher
deposits.
Earnings
reflect
higher
service
charges. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Joseph Armaly, 64 Chairman
and CEO | $364K | $51K | Jack Partagas, 63 Pres,
COO, Sec. | 278K | -- | Barbara Reed, 37 Sr.
VP and CFO | 130K | -- | 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
|
|