| Business Summary | | CNB
Financial
Corp.
is
a
bank
holding
company
whose
principal
business
is
to
provide,
through
its
principal
subsidiary,
Central
National
Bank,
Canajoharie
(the
Bank),
comprehensive
banking
services.
The
Company
offers
its
services
through
a
network
of
29
branches
and
two
financial
services
centers,
located
in
Central
New
York,
in
the
counties
of
Montgomery,
Fulton,
Chenango,
Herkimer,
Otsego,
Oneida,
Saratoga,
Schoharie
and
Schenectady.
The
Bank
provides
retail
and
commercial
banking
services
for
individuals
and
small
to
medium-sized
businesses
primarily
in
its
market
area,
including
accepting
time,
demand
and
savings
deposits,
and
making
secured
and
unsecured
commercial,
real
estate
and
consumer
loans
and
leases.
The
Bank
also
makes
certain
insurance
and
investment
products
available
to
its
customers
through
a
third-party
vendor.
The
Bank's
lending
activities
are
primarily
in
agricultural,
commercial,
real
estate
and
consumer
loans
and
in
indirect
and
lease
financing
for
automobiles. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | CNBF
is
a
bank
holding
company
for
Central
National
Bank,
Canajoharie,
and
Central
Asset
Management.
For
the
six
months
ended
6/01,
total
interest
income
fell
1%
to
$34.3
million.
Net
interest
income
after
loan
loss
provision
fell
7%
to
$15.3
million.
Net
income
before
acct'g
change
fell
3%
to
$4
million.
Net
interest
income
reflects
decreased
interest
income
and
a
lower
net
interest
margin.
Lower
earnings
were
partially
offset
by
net
gains
on
securities
transactions. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Donald Brass, 52 Pres
of the Company and the Bank and CEO of the Bank, Director | $381K | Peter Corso, 57 Exec.
VP and Treasurer and CFO | 221K | Michael Hewitt, 50 Sr.
VP and Assistant Sec. | 136K | 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
|
|