| Business Summary | | Sound
Federal
Bancorp
is
a
holding
company
for
Sound
Federal
Savings
and
Loan
Association.
The
Company
is
majority-owned
by
Sound
Federal,
MHC,
a
federally
chartered
mutual
holding
company.
Sound
Federal
Savings
and
Loan
Association
is
a
federally
chartered
savings
association
and
a
community-oriented
institution
engaged
primarily
in
the
business
of
accepting
deposits
from
customers,
most
of
whom
live
or
work
in
Westchester
County,
New
York,
and
investing
these
deposits,
together
with
funds
generated
from
operations,
in
one-
to
four-family
residential
mortgage
loans
and
home
equity
lines
of
credit.
It
also
invests,
to
a
much
lesser
extent,
in
multi-family
and
commercial
mortgage
loans,
as
well
as
construction
and
consumer
loans. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Sound
Federal
Bancorp
is
a
bank
holding
company
for
Sound
Federal
Savings
and
Loan
Association,
with
four
offices
in
Westchester
County,
NY.
For
the
three
months
ended
6/30/01,
total
interest
income
rose
63%
to
$9.4
million.
Net
interest
income
after
loan
loss
provision
rose
44%
to
$4
million.
Net
income
rose
97%
to
$1.2
million.
Results
reflect
increased
earning
asset
balances
due
to
the
acquisition
of
Peekskill
and
increased
service
charges
and
real
estate
gains. | More
from
Market Guide: Significant
Developments |
| | | | FY2001 Pay | |
| Bruno Gioffre, 66 Chairman | -- | Richard McStravick, 52 Pres,
CEO | $187K | Anthony Fabiano, 40 CFO
and Chief Accounting Officer | 114K | Dollar amounts are as of 31-Mar-2001 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
|
|