| Business Summary | | Metropolitan
Financial
Corp.
is
a
savings
and
loan
holding
company
that
is
engaged
in
the
principal
business
of
originating
and
purchasing
mortgage
and
other
loans
through
its
wholly
owned
subsidiary,
Metropolitan
Bank
and
Trust
Company.
The
Company
obtains
funds
for
lending
and
other
investment
activities
primarily
from
savings
deposits,
wholesale
borrowings,
principal
repayments
on
loans,
and
the
sale
of
loans.
As
of
December
31,
2000,
the
Company
operated
23
full-service
retail
sales
offices
in
Northeastern
Ohio.
As
of
December
31,
2000,
the
Company
also
maintained
ten
real
estate
loan
production
offices.
As
a
secondary
line
of
business,
the
Company
services
mortgage
loans
for
various
investors. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | METF
is
a
savings
and
loan
holding
co.
engaged
in
the
origination
and
purchasing
of
mortgage
and
other
loans
through
Metropolitan
Savings
Bank
of
Cleveland.
For
the
three
months
ended
3/31/01,
total
interest
income
rose
6%
to
$31.6
million.
Net
int.
income
after
loan
loss
prov.
fell
1%
to
$8
million.
Net
loss
totaled
$423
thousand
vs.
an
income
of
$607
thousand.
Net
interest
income
reflects
higher
interest-earning
assets,
offset
by
a
higher
cost
of
funds.
Net
loss
reflects
higher
occupancy
expenses. Recent Earnings Announcement For
the
3
months
ended
06/30/2001,
after
tax
earnings
were
-2,078. (Preliminary; reported in thousands of dollars.) | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Robert Kaye, 64 Chairman
and CEO | $481K | Kenneth Koehler, 55 Pres,
COO, Director | 351K | Malvin Bank, 70 Vice
Chairman, Sec., Assistant Treasurer | -- | David Miller, 68 Director,
Treasurer and Assistant Sec. | -- | Leonard Kichler, 43 Exec.
VP- Relationship Banking of the Bank | -- | 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
|
|