| Business Summary | | Ambanc
Holding
Co.,
Inc.
is
a
unitary
savings
and
loan
holding
company
that
was
established
to
act
as
the
holding
company
for
Mohawk
Community
Bank
(the
Bank).
The
Company
has
been,
and
intends
to
continue
to
be,
a
community-oriented
financial
institution
offering
a
variety
of
financial
services.
The
Company's
primary
market
area
is
comprised
of
Albany,
Schenectady,
Saratoga,
Montgomery,
Fulton,
Chenango,
Schoharie
and
Otsego
Counties
in
New
York,
which
are
serviced
through
the
Bank's
main
office,
16
other
banking
offices
and
its
operations
center.
The
Company's
primary
market
area
consists
principally
of
suburban
and
rural
communities
but
also
includes
Albany,
the
capital
of
New
York
State. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | AHCI
is
a
holding
company
for
Mohawk
Community
Bank.
For
the
six
months
ended
6/30/01,
total
interest
income
fell
4%
to
$24.1
million.
Net
interest
income
after
loan
loss
prov.
fell
10%
to
$9.6
million.
Net
income
rose
14%
to
$2.2
million.
Net
interest
income
after
LLP
reflects
a
decrease
in
the
interest
rate
spread
and
average
earning
assets.
Net
income
reflects
a
$1
million
curtailment
gain
related
to
the
freezing
of
benefit
accruals
and
participation
in
the
Company's
defined
benefit
plan. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Lawrence Seidman, 53 Chairman | -- | John Lisicki, 54 Pres
and CEO | $302K | James Alescio, 39 CFO,
Sr. VP, Treasurer | 130K | Thomas Nachod, 59 Sr.
VP | 137K | Benjamin Ziskin, 42 Sr.
VP | 144K | 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
|
|