| Business Summary | | State
Bancorp,
Inc.
is
a
bank
holding
company
for
State
Bank
of
Long
Island
(the
Bank).
The
Bank
provides
general
banking
services
to
residents
and
businesses
located
substantially
in
the
eastern
end
of
Queens
County,
Nassau
County
and
the
western
end
of
Suffolk
County.
It
offers
a
full
range
of
deposit
products
including
checking,
fixed
and
variable
rate
savings,
time,
money
market
and
IRA
and
Keogh
accounts.
Credit
services
offered
include
commercial
mortgages,
commercial
and
installment
loans,
home
equity
lines
of
credit,
residential
mortgages,
letters
of
credit
and
auto
loans.
In
addition,
the
Bank
provides
merchant
credit
card
services,
access
to
annuity
products
and
mutual
funds,
a
consumer
debit
card
with
membership
in
a
national
ATM
network
and,
through
an
alliance
with
U.S.
Trust
Company,
the
Bank
also
offers
its
customers
access
to
financial
planning
and
wealth
management
services. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | STB
is
a
bank
holding
company
for
the
State
Bank
of
Long
Island,
offering
consumer,
commercial,
and
municipal
banking
services.
For
the
six
months
ended
6/30/01,
total
interest
income
rose
5%
to
$37.3
million.
Net
interest
income
after
loan
loss
prov.
rose
17%
to
$19.6
million.
Net
income
rose
6%
to
$5.7
million.
Net
interest
income
reflects
increased
average
earning
assets
and
lower
loan
loss
provision.
Earnings
were
partially
offset
by
increased
salaries
and
benefits
costs. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Thomas Goldrick, Jr., 60 Chairman
and CEO | $646K | $39K | Daniel Rowe, 51 Pres,
Director | 464K | 31K | Gary Holman, 70 Vice
Chairman | -- | -- | Richard Merzbacher, 52 Vice
Chairman | 463K | 31K | Frederick Braun, III, 59 Exec.
VP | 323K | 16K | 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
|
|