| Business Summary | | CNBC
Bancorp
(CNBC)
is
a
bank
holding
company
and
a
financial
holding
company.
The
Company
was
formed
for
the
purpose
of
reorganizing
Commerce
National
Bank
(the
Bank),
a
national
bank
established
in
1991,
to
become
its
wholly
owned
subsidiary.
Effective
June
1,
2000,
the
Company
acquired
The
Puppel
Companies,
which
was
renamed
CNBC
Retirement
Services,
Inc.
(CRS,
Inc.)
and
is
a
wholly
owned
subsidiary
of
CNBC.
Substantially
all
of
the
consolidated
revenues
and
net
income
of
the
Company
are
generated
by
the
business
activities
of
Commerce
National.
The
Bank
is
a
full-service
national
bank,
primarily
serving
small
to
medium-sized
businesses
located
in
the
Columbus,
Ohio
metropolitan
area.
Services
provided
by
CRS,
Inc.
include
investment,
administrative
and
accounting
services
to
business
and
personal
retirement
plans. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | CNBC
Bancorp
is
a
one
bank
holding
company
for
Commerce
National
Bank,
offering
traditional
commercial
banking
products.
For
the
six
months
ended
6/30/01,
total
interest
income
rose
23%
to
$10.6
million.
Net
interest
income
after
loan
loss
provision
rose
17%
to
$5
million.
Net
income
rose
15%
to
$1.6
million.
Net
interest
income
reflects
increased
loans
outstanding,
partially
offset
by
higher
deposits.
Earnings
reflect
personnel
and
administrative
fees. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Thomas McAuliffe, 51 Pres
and Chairman | $256K | -- | John Romelfanger, 40 VP,
Sec., Treasurer, Director | 165K | $68K | Pamela Miller, 38 Loan
Review Officer and Controller of Commerce National Bank | -- | -- | Mark Sbrochi, 47 Principal,
CCO of Commerce National | -- | -- | 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.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|