| Business Summary | | Western
Sierra
Bancorp
is
the
bank
holding
company
for
Western
Sierra
National
Bank.
The
Company
engages
in
consumer,
commercial
and
agricultural
banking,
offering
a
wide
range
of
products
and
services
to
individuals
and
businesses
in
El
Dorado,
Placer,
Sacramento,
Lake,
Tuolumne
and
Sonora
counties,
California.
Western
Sierra
National
Bank
does
not
have
any
affiliates
or
subsidiaries,
other
than
Lake
Community
Bank
and
Sentinel
Associates,
Inc.
Lake
Community
Bank
engages
in
the
general
commercial
banking
business
in
Lake
County,
California.
Western
Sierra's
inactive
subsidiary,
Sentinel
Associates,
Inc.,
was
formed
for
the
purpose
of
developing
single-family
residential
real
estate. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | WSBA
is
a
bank
holding
company
for
Western
Sierra
National
Bank,
Roseville
1st
National
Bank
and
Lake
Community
Bank.
For
the
six
months
ended
6/30/01,
total
interest
income
increased
12%
to
$18.1
million.
Net
interest
income
after
loan
loss
provision
rose
11%
to
$10
million.
Net
income
increased
61%
to
$2.4
million.
Net
interest
income
reflects
loan
growth,
partially
offset
by
decreased
interest
spread.
Net
income
reflects
improved
operational
efficiencies. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Charles Bacchi, 57 Chairman | -- | Richard Seeba, 62 Pres,
CEO, Director | $164K | Douglas Nordell, 52 Pres
and CEO of Lake Community Bank | 133K | Kirk Dowdell, 38 COO | 168K | Lesa Fynes, 42 Sr.
VP, CFO of Western Sierra, Western Sierra National Bank & Roseville 1st National | 104K | 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
|
|