| Business Summary | | Franklin
Bank
NA
(the
Bank)
is
a
nationally
chartered
commercial
bank
headquartered
in
Southfield,
Michigan.
The
Bank
conducts
its
business
through
a
network
of
three
regional
banking
offices
that
generally
offer
traditional
banking
services,
and
one
business
center
branch
catering
exclusively
to
business
customers.
The
Bank's
deposit
and
lending
activities
reflect
the
Bank's
business
strategy
of
primarily
serving
the
substantial
number
of
small
to
medium-sized
businesses,
their
owners
and
affluent
individual
customers
in
its
primary
market
areas,
Oakland
County
and
the
Grosse
Pointe
communities
in
southeastern
Michigan.
These
are
generally
among
the
more
affluent
areas
in
metropolitan
Detroit. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | FSVB
is
a
nationally-chartered
commercial
bank
that
provides
business
and
consumer
financial
services
in
Southern
MI.
For
the
three
months
ended
3/31/01,
total
interest
income
rose
3%
to
$10.1
million.
Net
interest
income
after
loan
loss
prov.
rose
5%
to
$6.6
million.
Net
income
applicable
to
Common
rose
84%
to
$1.5
million.
Results
reflect
increased
earning
asset
balances,
a
lower
provision
for
loan
losses
and
increased
gains
on
the
sale
of
securities. Recent Earnings Announcement For
the
3
months
ended
06/30/2001,
revenues
were
9,839;
after
tax
earnings
were
2,191. (Preliminary; reported in thousands of dollars.) | More
from
Market Guide: Significant
Developments |
| | |
| Position | David Simon, 54 | Chairman | David Shelp, 55 | Pres,
CEO, Director | Douglas Mires, 55 | Exec.
VP, Bank Operations | Marjorie Duncanson, 43 | Sr.
VP, Retail Operations | Kevin Scott, 43 | Sr.
VP and CCO |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|