| Business Summary | | Alliance
Bancorp
of
New
England
Inc.
is
the
holding
company
for
Tolland
Bank
(the
Bank).
The
Bank
operates
nine
offices
in
Tolland
County,
Connecticut,
and
provides
retail
and
commercial
banking
products
and
services
in
Tolland
County
and
surrounding
towns.
Retail
activities
consist
of
branch
deposit
services,
home
mortgage
and
consumer
lending,
and
mortgage
banking.
Commercial
activities
include
merchant
deposit
services,
business
cash
management,
and
construction
mortgages,
permanent
mortgages,
and
working
capital
and
equipment
loans.
Through
third-party
relationships,
the
Bank
also
provides
investment
products,
insurance
products,
and
electronic
payment
services
to
retail
and
commercial
customers. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | ANE
is
a
bank
holding
company
for
Tolland
Bank,
and
state
chartered
bank
with
nine
offices
in
Connecticut.
For
the
six
months
ended
6/01,
total
interest
income
rose
10%
to
$12.9
million.
Net
interest
income
after
loan
loss
provision
rose
7%
to
$6
million.
Net
income
rose
5%
to
$1.6
million.
Results
reflect
an
increase
in
average
earning
assets,
partially
offset
by
increased
interest
on
deposits
and
the
inclusion
of
losses
instead
of
gains
on
the
sale
of
securities. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| D. Anthony Guglielmo, 60 Chairman | -- | -- | Joseph Rossi, 50 Pres,
CEO, Director | $257K | -- | Kenneth Peterson, 55 Vice
Chairman | -- | -- | David Gonci, 48 Sr.
VP of Tolland Bank,CFO, and Treasurer of the Company | 114K | $38K | Patrick Logiudice, 54 Exec.
VP of Alliance and Tolland Bank | 135K | -- | 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
|
|