| Business Summary | | Steelton
Bancorp,
Inc.
is
a
unitary
savings
and
loan
holding
company,
which
conducts
its
operations
principally
through
its
wholly
owned
subsidiary,
Mechanics
Savings
Bank.
The
Bank
is
a
federally
chartered
stock
savings
bank
that
provides
a
variety
of
retail
banking
services
to
customers
through
its
two
offices
located
in
Dauphin
County,
Pennsylvania.
The
Bank's
primary
deposit
products
are
non-interest-
and
interest-bearing
checking
accounts,
savings
accounts
and
certificates
of
deposit.
The
Bank's
primary
lending
products
are
single-family
residential
loans. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Steelton
Bancorp.
is
the
holding
Co.
of
Mechanics
Savings
Bank,
which
has
two
offices
located
in
Dauphin,
Pennsylvania.
For
the
six
months
ended
6/30/01,
interest
income
rose
6%
to
$2.1
million.
Net
interest
income
after
loan
loss
prov.
fell
10%
to
$711
thousand.
Net
income
fell
44%
to
$87
thousand.
Net
interest
income
reflects
loan
volume
growth,
offset
by
increased
costs
of
borrowings.
Earnings
also
suffered
from
increased
equipment
expenses
and
higher
processing
costs. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Marino Falcone, 81 Chairman | -- | Harold Stremmel, 66 Pres,
CEO, Director | $113K | Shannon Aylesworth CFO | -- | James Nelson, 52 Sr.
VP, Director | -- | Joseph Wiedeman, 61 Treasurer,
Director | -- | 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
|
|