| Business Summary | | Harbourton
FInancial
Corp.
formerly
known
as
Allstate
Financial
Corporation,
provides
financing
to
the
residential
building
and
development
community,
through
products
that
were
previously
offered
by
its
recently
acquired
Harbourton
Financial
Corporation.
The
Company
is
active
in
Maryland,
Virginia,
North
Carolina
and
Florida.
The
primary
product
offered
by
the
Company
is
one
developed
to
serve
a
specific
market
niche,
a
loan
for
acquisition,
development
and
construction
(AD&C
loan).
A
companion
product
to
the
Company's
AD&C
financing
is
mezzanine
or
"gap"
loan
financing
in
residential
for-sale
homebuilding
and
land
development
projects,
with
AD&C
financing
provided
by
traditional
banking
sources. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Harbourton
Financial
Corp.
is
a
commercial
finance
instituition
that
provides
financing
through
its
recently
acquired
Harbourton
Financial
Corporation.
For
the
six
months
ended
6/30/01,
revenues
totaled
$2.1
million,
up
from
$407
thousand.
Net
income
totaled
$1.2
million
vs.
a
loss
of
$402
thousand.
Revenues
reflect
higher
sales
from
the
liquidating
portfolio
of
commercial
finance
loans.
Net
income
also
reflects
a
$250
thousand
gain
on
the
sale
of
intellectual
property. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| David Campbell, 54 Chairman | $71K | J. Kenneth McLendon, 68 Pres,
CEO, Director | 53K | C. Fred Jackson, 48 CFO,
Exec. VP, Sec., Treasurer | 177K | James Cluett, 54 Sr.
VP | -- | Paula Morgan, 45 Sr.
VP | -- | 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
|
|