| Business Summary | | Globe
Bancorp,
Inc.
is
the
holding
company
of
Globe
Homestead
Federal
Savings
Association
(Globe
Homestead).
Founded
in
1937,
Globe
Homestead
is
a
community
and
customer
oriented
mutual
savings
association
organized
under
the
laws
of
the
United
States.
Globe
Homestead
conducts
business
out
of
its
main
office
located
in
Metairie,
Louisiana.
Globe
Homestead's
business
consists
principally
of
attracting
deposits
from
the
general
public
and
using
those
funds
to
originate
loans
secured
by
one-
to
four-family
residential
loans.
At
December
31,
2000,
Globe
Homestead
had
total
assets
of
$24.8
million
and
deposits
of
$17.8
million.
Globe
Homestead
has
one
office
located
in
Metairie,
Louisiana,
which
is
a
suburb
of
New
Orleans,
Louisiana.
Globe
Homestead's
primary
market
area
consists
of
Jefferson
and
Orleans
Parishes,
Louisiana. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Globe
Bancorp
Inc.
is
the
holding
company
for
Globe
Homestead
Federal
Savings
Association.
For
the
fiscal
year
ended
12/31/00,
total
interest
income
rose
17%
to
$1.8
million.
Net
interest
income
after
loan
loss
provision
fell
2%
to
$553
thousand.
Net
income
fell
14%
to
$76
thousand.
Net
interest
income
reflects
an
increase
in
interest-earning
assets,
offset
by
an
increase
in
deposits.
Earnings
reflect
an
increase
in
salaries
and
employee
benefits. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY2000 Pay | |
| Michael Bagot, 78 Chairman | -- | Thomas Exnicios, 43 Pres,
CEO, Director | $82K | Mae Leaveau, 75 VP,
Director | -- | Madeleine Richard, 45 Loan
Officer, Director | -- | 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
|
|