| Business Summary | | City
Bank
is
a
locally
owned
and
operated
commercial
bank
headquartered
in
the
State
of
Washington.
The
Company
operates
eight
branch
offices,
one
each
in
the
cities
of
Bothell,
Everett,
Lynnwood,
Mill
Creek,
Mukilteo,
North
Lynnwood,
Seattle
and
Shoreline.
City
Bank
offers
personal
products,
including
checking
services,
saving
and
investment
services,
loans,
mortgages
and
convenience
banking,
as
well
as
business
products,
which
are
the
same
as
personal
products
except
for
mortgages. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | CTBK
engages
in
general
commercial
and
retail
banking,
lending
to
small
and
medium-sized
businesses,
construction
lending
for
single
family
residences,
and
mortgage
lending.
For
the
six
months
ended
6/01,
total
interest
income
rose
6%
to
$29.1
million.
Net
interest
income
after
loan
loss
prov.
rose
1%
to
$18.3
million.
Net
income
rose
12%
to
$10
million.
Results
reflect
increased
average
earning
assets,
partially
offset
by
a
higher
cost
of
funds.
Net
income
reflects
higher
fees. | More
from
Market Guide: Significant
Developments |
| | |
| Position | Conrad Hanson | Pres,
Director | Judy Muench | CFO | Jenny McKenny | Managing
Director | Dick Rench | Exec.
VP, Branch Credit Admin. | Dan Coppin | Sr.
VP, Technology |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|