| Business Summary | | Warren
Bancorp,
Inc.
is
a
bank
holding
company
that
wholly
owns
Warren
Five
Cents
Savings
Bank.
The
Company
has
identified
its
operating
business
segments
as
the
Corporate
Banking
Business
and
the
Personal
Banking
Business.
The
Corporate
Banking
Business
provides
services
to
business
customers
in
the
Company's
market
area.
These
services
include,
but
are
not
limited
to,
commercial
real
estate
and
construction
loans,
asset-based
financing
and
cash
management/deposit
services.
It
services
all
loans
in
its
business.
The
Personal
Banking
Business
provides
services
to
consumers
in
the
Company's
market
area
through
its
branch
and
ATM
network.
These
services
include,
but
are
not
limited
to,
home
equity
loans,
installment
loans,
safe
deposit
boxes
and
an
array
of
deposit
services. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | WRNB,
a
holding
co.
for
Warren
Five
Cents
Savings
Bank,
is
engaged
in
the
businesses
of
attracting
wholesale
deposits
from
the
general
public
and
investing
those
deposits.
For
the
six
months
ended
6/30/01,
total
interest
income
rose
6%
to
$17.0
million.
Net
interest
income
after
loan
loss
provision
rose
4%
to
$10.0
million.
Net
income
rose
21%
to
$3.8
million.
Results
reflect
increased
earning
assets,
partially
offset
by
lower
interest
spreads.
Earnings
reflect
gains
on
mortgage
loans. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| John Putney, 57 Pres,
CEO | $307K | $26K | Paul Peduto, 51 CFO,
Exec. VP, Treasurer, Director | 185K | -- | Leo Donahue, 51 Sr.
VP for Personal Banking of the Bank | 144K | -- | Mark Terry, 50 Sr.
VP for Corp. Banking and Sr. Lending Officer of the Bank | 177K | -- | 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
|
|