| Business Summary | | Main
Street
Banks,
Inc.,
formerly
First
Sterling
Banks,
Inc.,
is
a
financial
holding
company.
The
Company
engages,
through
its
subsidiaries,
Main
Street
Bank
(the
Bank)
and
Williamson,
Musselwhite
&
Main
Street
Insurance,
Inc.
(Williamson),
in
providing
a
full
range
of
banking,
mortgage
banking,
investment
and
insurance
services
to
its
retail
and
commercial
customers,
located
primarily
in
Barrow,
Clarke,
Cobb,
DeKalb,
Gwinnett,
Newton,
Rockdale
and
Walton
counties,
in
Georgia.
The
Company
provides
a
full
range
of
traditional
banking,
mortgage
banking,
investment
and
insurance
services
to
individual
and
corporate
customers.
The
Bank,
a
commercial
bank,
provides
traditional
deposit,
lending
and
mortgage
and
securities
brokerage
services.
Williamson
provides
a
variety
of
insurance
products
for
consumers,
including
life,
health,
homeowners,
automobile
and
umbrella
liability
coverage. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Main
Street
Banks
is
a
multi-bank
holding
company
whose
subsidiary
banks
serve
Cobb,
Gwinnett
and
surrounding
counties
in
Georgia.
For
the
six
months
ended
6/30/01,
total
interest
income
rose
9%
to
$43.6
million.
Net
interest
income
after
loan
loss
prov.
rose
less
than
1%
to
$22.7
million.
Net
income
rose
4%
to
$6.4
million.
Net
interest
income
reflects
increased
earning
assets,
partially
offset
by
lower
net
margin.
Earnings
benefitted
from
increased
service
charges. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Robert Fowler, III, 62 Chairman,
Vice Chairman of Main Street Banks | $352K | Edward Milligan, 56 Pres,
CEO, Director | 585K | P. Harris Hines, 57 Vice
Chairman | -- | Samuel Hay, III, 38 Exec.
VP, COO, Chief Financial Officer, Chief Exec. Officer | 236K | Joseph Strickland, Jr., 56 Exec.
VP - Banking, CCO | 223K | 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
|
|