| Business Summary | | PennRock
Financial
Services
Corp.
is
a
financial
holding
company
that
operates
through
its
bank
subsidiary
to
deliver
financial
and
related
services
to
its
customers.
PennRock's
primary
function
is
to
direct
the
policies
and
coordinate
the
financial
resources
of
its
bank
subsidiary,
as
well
as
provide
various
advisory
services.
PennRock
primarily
obtains
the
cash
necessary
to
pay
dividends
to
stockholders
from
the
dividends
paid
to
it
by
its
subsidiary
bank
Blue
Ball
National
Bank.
The
Bank
provides
a
full
range
of
general
commercial
and
retail
banking
services
to
its
customers,
including
several
types
of
checking
and
savings
accounts,
certificates
of
deposit,
and
commercial,
consumer
and
mortgage
loans
through
15
full-service
branches
in
Lancaster,
Berks
and
Chester
Counties
in
southeastern
and
south-central
Pennsylvania. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | PennRock
Financial
Services
is
a
bank
holding
company
for
Blue
Ball
National
Bank,
a
federally
chartered
bank
with
15
offices
in
Lancaster,
Berks
and
Chester
Counties,
PA.
For
the
six
months
ended
6/30/01,
total
interest
income
rose
3%
to
$32.1
million.
Net
interest
income
after
loan
loss
provision
remained
flat
at
$13.1
million.
Net
income
rose
14%
to
$6
million.
Results
reflect
increased
service
charges
on
deposit
accounts
and
higher
net
securities
gains. | More
from
Market Guide: Significant
Developments |
| | | | FY1999
Compensation | | Pay | Exer | |
| Norman Hahn, 63 Chairman | -- | -- | Glenn Weaver, 65 Pres | -- | -- | Melvin Pankuch, 60 Exec.
VP and CEO | $315K | $4.4K | George Crisp, 52 VP
and Treasurer | 158K | -- | Robert Weaver, 51 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.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|