| Business Summary | | Madison
Bancshares
Group,
Ltd.
is
the
holding
company
of
The
Madison
Bank,
a
Pennsylvania
commercial
bank.
The
Bank
offers
a
broad
range
of
consumer
and
commercial
deposit
banking
services
including
checking
accounts
for
small
to
midsize
businesses,
personal
interest
bearing
and
non-interest
bearing
checking
accounts,
money
market
deposit
accounts,
savings
accounts,
certificates
of
deposits
and
Individual
Retirement
Accounts.
The
Bank
offers
its
services
to
individuals
and
businesses
through
its
offices
in
Blue
Bell,
Conshohocken,
Center
Square,
Strafford,
Lansdale,
Northeast
Philadelphia,
Horsham,
Newtown
and
a
ninth
branch
location
in
Jenkintown,
which
opened
in
2001.
As
of
December
31,
2000,
the
Company
had
total
assets
of
$176.46
million. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Madison
Bancshares
Group
is
a
one-bank
holding
co.
for
The
Madison
Bank,
a
commercial
state
bank.
For
the
six
months
ended
6/30/01,
total
interest
income
fell
less
than
1%
to
$7.4
million.
Net
interest
income
after
loan
loss
prov.
decreased
19%
to
$3.3
million.
Net
loss
totaled
$503
thousand
vs.
an
income
of
$151
thousand.
Net
interest
income
reflects
decreased
yields
on
loans
and
higher
deposits.
Net
loss
reflects
increased
staffing
for
the
new
branch. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Peter DePaul, 73 Chairman | -- | Vito DeLisi, 52 Pres,
CEO, Director | $390K | Philip Hughes, Jr., 52 CFO,
Sec., Director and Treasurer | -- | E. Cheryl Hinkle, 45 Sr.
VP, Assistant Sec. and Assistant Treasurer | 167K | Thomas Coletti, 46 Exec.
VP of the Bank | 189K | 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
|
|