| Business Summary | | Hudson
River
Bancorp,
Inc.
directs,
plans,
and
coordinates
the
business
activities
of
Hudson
River
Bank
&
Trust
Company
(the
Bank).
The
Bank
engages
in
commercial
real
estate
lending
secured
primarily
by
apartment
buildings,
office
buildings,
motels,
nursing
homes
and
strip
shopping
centers
located
in
its
primary
market
area.
The
Bank's
residential
real
estate
loans
consist
of
primarily
one-to-four
family,
owner-occupied
mortgage
loans,
including
home
equity
loans.
The
Bank
offers
secured
and
unsecured
consumer
loans,
including
manufactured
housing
loans
(loans
secured
by
prefabricated
or
mobile
homes
that
serve
as
the
borrower's
dwelling),
financed
insurance
premiums
and,
to
a
lesser
extent,
lines
of
credit
and
loans
secured
by
automobiles.
The
Bank
offers
a
variety
of
deposit
accounts
having
a
range
of
interest
rates
and
terms.
Deposits
consist
of
passbook
and
statement
savings
accounts,
money
market
and
N.O.W
accounts,
and
time
deposits. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Hudson
River
Bancorp
is
a
bank
holding
company
for
Hudson
River
Bank
and
Trust
Company.
For
the
three
months
ended
6/30/01,
total
interest
income
rose
46%
to
$32.2
million.
Net
interest
income
after
loan
loss
provision
rose
55%
to
$17.1
million.
Net
income
rose
78%
to
$4.7
million.
Net
interest
income
reflects
an
increase
in
interest
earning
assets
as
a
result
of
the
acquisition
of
Cohoes
Bancorp,
Inc.
Earnings
also
reflect
increased
service
charges
on
deposit
accounts. | More
from
Market Guide: Significant
Developments |
| | | | FY1999 Pay | |
| Earl Schram, Jr., 76 Chairman | -- | Carl Florio, 50 Pres,
CEO, Director | $2.3M | Timothy Blow, 32 CFO | 1.1M | Sidney Richter, 59 Sr.
VP of Lending | 1.1M | Pamela Wood, 51 Sr.
VP | -- | Dollar amounts are as of 31-Mar-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
|
|