| Business Summary | | Dearborn
Bancorp,
Inc.
is
a
bank
holding
company
that
owns
all
the
common
stock
of
the
Community
Bank
of
Dearborn
(the
Bank).
The
Bank
is
headquartered
in
Dearborn,
Michigan,
and
conducts
business
primarily
in
western
Wayne
County.
The
Bank
offers
a
wide
range
of
financial
products
and
services.
These
include
checking
accounts,
savings
accounts,
money
market
accounts,
certificates
of
deposit,
business
checking,
direct
deposit,
loan
services
(commercial,
consumer,
real
estate
mortgages),
travelers'
checks,
cashiers'
checks,
wire
transfers,
safety
deposit
boxes,
collection
services
and
night
depository
services. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Dearborn
Bancorp
is
a
bank
holding
Company
for
the
Community
Bank
of
Michigan
which
operates
four
branches
in
western
Wayne
County,
MI.
For
the
six
months
ended
6/30/01,
total
interest
income
rose
22%
to
$7.2
million.
Net
interest
income
after
loan
loss
prov.
rose
11%
to
$2.9
million.
Net
income
rose
27%
to
$666
thousand.
Results
reflect
higher
earning
assets,
partially
offset
by
increased
interest
expenses.
Net
income
benefitted
from
increased
gains
on
sales
of
loans. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| John Demmer, 77 Chairman,
CEO | -- | Michael Ross, 50 Pres,
Director | $207K | Richard Nordstrom, 73 Vice
Chairman | -- | Donald Karcher, 71 VP,
Director | -- | Jeffrey Karafa, 36 VP,
Treasurer, Sec. | -- | 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
|
|