| Business Summary | | United
PanAm
Financial
Corp.
is
a
specialty
finance
company
engaged
primarily
in
originating
and
acquiring
for
investment
retail
automobile
installment
sales
contracts
and
insurance
premium
contracts.
The
Company
markets
to
customers
who
generally
cannot
obtain
financing
from
traditional
lenders.
These
customers
usually
pay
higher
loan
fees
and
interest
rates
than
those
charged
by
traditional
lenders
to
gain
access
to
consumer
financing.
The
Company
funds
its
operations
principally
through
retail
and
wholesale
deposits,
Federal
Home
Loan
Bank
(FHLB)
advances,
and
whole
loan
sales.
The
Company
has
used
Pan
American
Bank
as
a
base
for
expansion
into
its
current
specialty
finance
businesses.
Pan
American
Bank
is
a
Hispanic-controlled
savings
association
in
California. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | UPFC
is
a
holding
company
for
Pan
American
Financial,
Inc.,
Pan
American
Bank,
FSB
and
United
PanAm
Mortgage
Corporation.
For
the
six
months
ended
6/30/01,
interest
income
rose
50%
to
$28.5
million.
Net
interest
income
after
LLP
rose
26%
to
$17.5
million.
Net
income
from
continuing
operations
totaled
$3.4
million
vs.
a
loss
of
$823
thousand.
Net
interest
income
reflects
higher
income
from
securities,
partially
offset
by
higher
deposits.
Net
income
reflects
a
gain
on
the
sale
of
loan. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Guillermo Bron, 49 Chairman,
CEO | $163K | -- | Ray Thousand, 43 Pres,
COO, Sec., Director | 348K | -- | Garland Koch, 49 VP,
CFO | -- | -- | Carol Bucci, 43 Sr.
VP and Controller of the Bank | 167K | $12K | 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.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|