| Business Summary | | Lafayette
Bancorporation
is
a
registered
one-bank
holding
company
that
holds
all
the
outstanding
stock
of
Lafayette
Bank
and
Trust
Company
(the
Bank).
The
Company,
through
the
Bank,
its
sole
banking
subsidiary,
provides
financial
services
to
its
customers,
primarily
commercial
and
retail
banking
and
trust
services.
Operations
are
conducted
through
the
main
banking
office
and
16
branches
located
in
the
Indiana
counties
of
Tippecanoe,
White
and
Jasper.
The
majority
of
the
Company's
revenue
is
derived
from
commercial
and
retail
business
lending
activities
and
investments.
As
a
bank
holding
company,
the
Company
can
also
engage
in
certain
non-banking
activities
and
own
certain
other
non-bank
business
corporations,
subject
to
applicable
laws
and
regulations. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Lafayette
Bancorporation
is
a
bank
holding
company
for
Lafayette
Bank
and
Trust
Company,
a
state
chartered
bank
serving
northwest
Indiana.
For
the
six
months
ended
6/30/01,
total
interest
income
rose
10%
to
$27.5
million.
Net
interest
income
after
loan
loss
provision
rose
3%
to
$12.2
million.
Net
income
fell
1%
to
$3.6
million.
Results
reflect
higher
average
loan
and
securities
balances,
offset
by
lower
investment
product
commissions
and
increased
salaries
and
benefits. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Joseph Bonner, 69 Chairman
of the Corp. and the Bank | -- | Robert Weeder, 63 Pres,
CEO of the Corp. and the Bank | $271K | Tony Albrecht, 37 Sr.
VP and Mang., Commercial Loan Department | 102K | Daniel Gick, 43 Sr.
VP and Mang., Retail Banking | -- | Michelle Turnpaugh, 35 Sec.
and Treasurer of the Corp. and Assistant Sec. of the Bank | -- | 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
|
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