| Business Summary | | Willow
Grove
Bancorp,
Inc.
provides
a
full
range
of
banking
services
through
its
wholly-owned
subsidiary,
Willow
Grove
Bank,
which
has
11
branches
in
Dresher,
Willow
Grove,
Maple
Glen,
Warminster
(2),
Hatboro,
Huntington
Valley,
Roslyn,
Philadelphia
(2
-
Somerton
and
Rhawnhurst),
and
North
Wales.
All
of
the
branches
are
full-service
and
offer
commercial
and
retail
banking
products
and
services.
These
products
include
checking
accounts
(interest
and
non-interest
bearing),
savings
accounts,
certificates
of
deposit,
business
loans,
real
estate
loans,
and
home
equity
loans.
The
Company
is
a
majority-owned
subsidiary
of
Willow
Grove
Mutual
Holding
Company. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | WGBC
is
mutual
holding
Co.
for
the
Willow
Grove
Bank
a
federally
charted
savings
bank
serving
Montgomery
and
Bucks
County
PA.
For
the
nine
months
ended
3/31/01,
total
interest
income
rose
17%
to
$33
million.
Net
interest
income
after
loan
loss
provision
fell
44%
to
$7.7
million.
Net
loss
totaled
$681
thousand,
vs.
an
income
of
$3.6
million.
Net
interest
income
reflects
increased
earning
assets,
offset
by
higher
LLP.
Earnings
suffered
from
increased
compensation
and
employee
benefit
costs. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| William Langan, 59 Chairman | -- | Frederick Marcell, Jr., 62 Pres,
CEO, Director | $400K | Christopher Bell, 42 Sr.
VP, CFO | -- | John Powers, 50 Sr.
VP and Corp. Sec. | 228K | Thomas Fewer, 48 Sr.
VP | 228K | Dollar
amounts are as of 30-June-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
|
|