| Business Summary | | Bank
Plus
Corporation,
through
its
wholly
owned
subsidiaries,
Fidelity
Federal
Bank,
a
federal
savings
bank
(the
Bank),
and
Gateway
Investment
Services,
Inc.,
a
registered
broker/dealer,
offers
a
broad
range
of
consumer
financial
services,
including
demand
and
term
deposits,
loans
and
uninsured
investment
products,
including
mutual
funds
and
annuities.
Primary
sources
of
revenue
are
interest
income
earned
on
loans
and
investment
securities,
fees
earned
in
connection
with
loans
and
deposits
and
fees
earned
from
the
sale
of
uninsured
investment
products.
The
Bank
operates
through
29
full-service
branches
that
are
located
in
the
Southern
California
counties
of
Los
Angeles
and
Orange.
The
Bank
also
has
a
branch
located
in
Bloomington,
Minnesota,
which
is
under
contract
to
be
sold.
As
of
December
31,
2000,
the
retail
branches
held
total
deposits
of
$2.1
billion,
the
mortgage
loan
portfolio
totaled
$1.6
billion
and
the
investment
portfolio
was
$0.2
billion. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | BPLS
is
a
holding
company
for
Fidelity
Federal
Bank,
a
federal
savings
bank,
and
Gateway
Investment
Services,
Inc.
For
the
six
months
ended
6/30/01,
total
interest
income
fell
6%
to
$78.3
million.
Net
interest
income
after
loan
loss
prov.
fell
14%
to
$27.5
million.
Net
income
from
continuing
operations
fell
95%
to
$1.4
million.
Net
interest
income
reflects
a
decrease
in
interest
earning
assets.
Earnings
also
reflects
the
absence
of
a
$24.3
million
gain
on
the
sale
of
branches. | More
from
Market Guide: Significant
Developments |
| | | | FY1999 Pay | |
| Gordon Smith, 67 Chairman,
Director | -- | Mark Mason, 40 Vice
Chairman, Pres, CEO & Director; Chmn. & CEO of Fidelity | $463K | James Stutz, 56 Pres,
COO of Fidelity | 398K | John Michel, 40 Exec.
VP and CFO | 255K | Godfrey Evans, 46 CAO,
Gen. Counsel, Sec. of the Company & Fidelity; Exec. VP of | 315K | 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
|
|