| Business Summary | | First
Georgia
Holding,
Inc.
was
incorporated
for
the
purpose
of
acquiring
all
of
the
issued
and
outstanding
shares
of
First
Georgia
Bank,
F.S.B.
(formerly
known
as
First
Georgia
Savings
Bank,
F.S.B.)
pursuant
to
a
plan
of
reorganization.
The
Bank's
business
consists
primarily
of
residential
and
consumer
lending
and
retail
banking.
To
a
lesser
extent,
the
Bank
engages
in
commercial
real
estate
lending
and
construction
lending. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | FGHC
is
a
holding
company
for
the
First
Georgia
Bank,
a
federally
chartered
bank
operating
full
service
branches
in
Georgia.
For
the
nine
months
ended
6/30/01,
interest
income
rose
7%
to
$15.6
million.
Net
interest
income
after
loan
loss
prov.
fell
1%
to
$7.4
million.
Net
income
fell
17%
to
$1.6
million.
Net
interest
income
after
LLP
reflects
a
decrease
in
interest
rates
and
loan
volume.
Net
income
also
reflects
higher
personnel
and
general
insurance
expenses
and
bad
check
losses. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Henry Bishop, 58 Chairman;
CEO, Pres of the Company and the Bank | $216K | $1.8M | G. Coolidge III, 51 Sec./Treasurer
of the Company; Exec. VP & COO of the Bank | 107K | 488K | Dollar amounts are as of 30-Sep-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
|
|