| Business Summary | | American
Bancorporation
is
a
bank
holding
company,
which
through
its
subsidiaries
provides
commercial
and
mortgage
banking
services
to
customers
in
central
and
eastern
Ohio,
southwestern
Pennsylvania
and
northern
West
Virginia.
The
Company's
principal
subsidiary,
Wheeling
National
Bank
(WNB),
is
a
full-service
commercial
bank
operating
through
21
offices.
Through
WNB,
the
Company
provides
a
full
range
of
commercial
banking
services
to
retail
customers
and
small
to
medium-sized
business
in
its
market
area.
In
eastern
Ohio
and
northern
West
Virginia
the
Company
focuses
on
local
customer
needs.
The
banking
services
the
Company
offers
its
customers
include
checking,
savings,
time
and
money
market
accounts,
personal,
commercial,
construction
and
real
estate
loans,
individual
retirement
accounts,
safe
deposit
boxes,
wire
transfers
and
debit
cards,
among
other
standard
banking
products
and
services. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | AMBC
is
a
bank
holding
company
for
Wheeling
National
Bank,
American
Bancdata
Corp.,
American
Bancservices,
Inc.,
and
American
Mortgages,
Inc.
For
the
six
months
ended
6/30/01,
interest
income
fell
7%
to
$24.2
million.
Net
interest
income
after
loan
loss
prov.
fell
16%
to
$7.3
million.
Net
income
fell
29%
to
$1.8
million.
Net
interest
income
reflects
lower
average
interest
earning
assets
and
lower
net
interest
margins.
Net
income
also
reflects
lower
gains
on
the
sale
of
investment
securities. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Jeremy McCamic, 72 Chairman,
CEO, Director of the Company and Chairman of the Bank | $415K | Brent Richmond, 38 Pres,
COO | 230K | Jolyon McCamic, 69 Vice
Chairman, Director of the Company and the Bank | -- | Jeffrey Baran, 34 CFO
of the Company and the Bank | -- | John Wait, 57 Sr.
Lending Officer, Exec. VP of Wheeling National Bank | 200K | 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
|
|