| Business Summary | | Compass
Bancshares,
Inc.
is
a
financial
services
company.
The
Company's
principal
subsidiary,
Compass
Bank,
conducts
a
general
commercial
banking
and
trust
business
at
340
bank
offices,
including
117
in
Texas,
87
in
Alabama,
60
in
Arizona,
40
in
Florida,
25
in
Colorado,
nine
in
New
Mexico
and
two
in
Nebraska.
In
addition,
the
Company
operates
a
loan
production
office
in
both
Georgia
and
Tennessee.
The
Company
performs
banking
services
that
include
receiving
demand
and
time
deposit
accounts,
making
personal
and
commercial
loans
and
furnishing
personal
and
commercial
checking
accounts.
The
Asset
Management
Division
of
Compass
Bank
offers
its
customers
a
variety
of
fiduciary
services,
including
portfolio
management
and
the
administration
and
investment
of
funds
of
estates,
trusts
and
employee
benefit
plans.
Through
Texas
Insurance
Agency,
and
Compass
Bancshares,
the
Company
makes
available
to
its
customers
and
others
term
life
insurance,
fixed-rate
annuities
and
other
insurance
products. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | CBSS,
holding
company
for
Compass
Bank
and
Arizona
Bank,
conducts
commercial
banking
and
trust
business
at
117
branches
in
TX,
87
in
AL,
40
in
FL,
60
in
AZ,
25
in
CO
and
nine
in
NM.
For
the
six
months
ended
6/30/01,
total
interest
income
rose
7%
to
$778.6
million.
Net
interest
income
after
loan
loss
provision
rose
9%
to
$354.2
million.
Net
income
applicable
to
Common
rose
8%
to
$131.3
million.
Results
reflect
higher
average
balance
of
loans,
and
higher
service
charges
on
deposits. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| D. Paul Jones, Jr., 58 Chairman,
Pres and CEO | $1.5M | $327K | Garrett Hegel, 50 CFO | 469K | 47K | Clayton Pledger, 56 Exec.
VP, CIO | 434K | -- | E. Lee Harris, Jr., 48 Exec.
VP of HR of Compass Bank | -- | -- | G. Stone, 57 Sr.
Exec. VP and Chief Credit Policy Officer | -- | -- | 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
|
|