| Business Summary | | Monterey
Bay
Bancorp,
Inc.
is
a
unitary
savings
and
loan
holding
company,
which
currently
maintains
a
single
subsidiary
company,
Monterey
Bay
Bank,
formerly
Watsonville
Federal
Savings
and
Loan
Association.
As
of
December
31,
2000,
the
Company
had
$486.2
million
in
total
assets,
$391.8
million
in
net
loans
receivable,
and
$407.8
million
in
total
deposits.
The
Company
conducts
business
from
eight
branch
offices
and
its
administrative
headquarters.
In
addition,
the
Company
supports
its
customers
through
Internet
Banking,
24
hour
telephone
banking,
courier
service,
mail,
and
ATM
access
through
11
owned
ATM's
and
an
array
of
ATM
networks
including
STAR,
CIRRUS,
and
PLUS. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | MBBC
is
a
unitary
savings
and
loan
holding
company
for
the
Monterey
Bay
Bank,
which
engages
in
retail
deposits.
For
the
six
months
ended
6/30/01,
total
interest
income
rose
7%
to
$19.7
million.
Net
interest
income
after
loan
loss
prov.
rose
9%
to
$8.7
million.
Net
income
rose
15%
to
$1.6
million.
Net
interest
income
reflects
increased
loan
balances,
and
lower
loan
loss
provisions.
Earnings
reflect
higher
non-interest
income
due
to
service
fees
implemented
with
the
core
system. | More
from
Market Guide: Significant
Developments |
| | | | FY1999 Pay | |
| Eugene Friend, 76 Chairman | $81K | C. Edward Holden Vice
Chairman, Pres, CEO, Chief Operating Officer | -- | Mark Andino, 40 Sr.
VP, CFO | -- | Margaret Green, 37 Corp.
Sec. | -- | Carlene Anderson, 47 Assistant
Sec. | -- | Dollar amounts are as of 31-Dec-1999 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
|
|