| Business Summary | | Bank
Mutual
Corporation
is
the
mid-tier
holding
company
for
Mutual
Savings
Bank
and
First
Northern
Savings
Bank.
On
November
1,
2000,
the
Company
acquired
Mutual
Savings
Bank,
which
converted
from
a
mutual
savings
bank
to
a
mutual
holding
company
form
and
became
a
federal
stock
savings
bank.
On
the
same
date,
Bank
Mutual
acquired
First
Northern
Capital
Corp.,
the
parent
of
First
Northern
Savings
Bank.
Mutual
Savings
Bank
and
First
Northern
Savings
Bank
are
community-oriented
financial
institutions
that
emphasize
traditional
financial
services
to
individuals
and
businesses
within
the
Company's
market
areas.
The
Company's
principal
business
is
attracting
retail
deposits
from
the
general
public
and
investing
those
deposits,
together
with
funds
generated
from
other
operations,
in
residential
mortgage
loans,
consumer
loans,
commercial
real
estate
loans
and
commercial
business
loans.
Bank
Mutual
also
invests
in
various
mortgage-related
securities
and
investment
securities. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Bank
Mutual
Corporation,
a
mid-tier
bank
holding
company,
offering
a
full
range
of
financial
services
to
customers
who
are
primarily
located
in
the
state
of
WI.
For
the
six
months
ended
6/01,
total
interest
income
rose
61%
to
$97.3
million.
Net
interest
income
after
loan
loss
prov.
rose
50%
to
$34.9
million.
Net
income
rose
52%
to
$9.9
million.
Net
interest
income
reflects
higher
earning
assets,
partially
offset
by
higher
interest
costs.
Earnings
reflect
increased
service
charges. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Michael Crowley, Jr., 58 Chairman,
CEO | $611K | Michael Meeuwsen, 47 Pres,
COO, Director | 258K | Rick Colberg, 48 CFO | 121K | Eugene Maurer, Jr., 55 Sr.
VP, Sec. | 152K | Marlene Scholz, 55 Sr.
VP | 106K | 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
|
|