| Business Summary | | GLB
Bancorp,
Inc.
is
a
one-bank
holding
company
that
owns
all
of
the
outstanding
common
stock
of
Great
Lakes
Bank
(the
Bank).
The
Bank
is
the
only
commercial
bank
headquartered
in
Lake
County,
Ohio.
The
Company
provides
a
focused
core
of
banking
services,
primarily
for
individuals
and
small
to
medium-sized
businesses.
The
Company's
lending
activities
focus
primarily
on
secured
lending
for
residential
and
commercial
real
estate.
Most
of
the
GLB's
loans
are
secured
by
first
mortgages
or
junior
mortgages
on
various
types
of
real
estate,
including
single-family
residential,
multi-family
residential,
mixed
use,
commercial,
developed
and
undeveloped
real
estate.
The
Company
offers
an
array
of
deposit
products,
including
checking
and
savings
accounts
and
certificates
of
deposit. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | GLB
Bancorp
is
a
one-bank
holding
company
for
Great
Lakes
Bank.
The
Bank
focuses
on
secured
lending
for
residential
and
commercial
real
estate
and
also
offers
a
broad
array
of
deposit
products.
For
the
six
months
ended
6/30/01,
interest
income
rose
17%
to
$5.1
million.
Net
interest
income
after
LLP
rose
2%
to
$2.7
million.
Net
income
fell
19%
to
$475
thousand.
Results
reflect
loan
volume
growth,
offset
by
higher
compensation
and
benefit
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Jerome Osborne, Sr., 78 Chairman | -- | Richard Flenner, Jr., 58 Pres,
CEO | $101K | Richard Osborne, 55 Vice
Chairman | -- | Andrew Meinhold, 50 Exec.
VP | -- | Cheryl Mihitsch, 52 Controller
and Treasurer | -- | 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
|
|