| Business Summary | | First
Colonial
Group,
Inc.
is
the
bank
holding
company
of
wholly
owned
subsidiaries,
Nazareth
National
Bank
and
Trust
Company
(the
Bank)
and
First
C.G.
Company,
Inc.
The
Bank
is
an
independent
community
bank
providing
retail
and
commercial
banking
services
through
its
17
offices
in
Northampton,
Lehigh
and
Monroe
counties
in
northeastern
Pennsylvania.
First
C.
G.
Company,
Inc.
is
a
company
formed
for
the
purpose
of
investing
in
various
types
of
securities.
The
Company's
principal
activities
consist
of
owning
and
supervising
the
Bank,
which
engages
in
a
full-service
commercial
and
consumer
banking
and
trust
business.
The
Company,
through
the
Bank,
derives
substantially
all
of
its
income
from
the
furnishing
of
banking
and
banking-related
services.
The
Company
directs
the
policies
and
coordinates
the
financial
resources
of
the
Bank,
and
provides
and
performs
various
technical,
advisory
and
auditing
services. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | FTCG
is
a
bank
holding
company
for
Nazareth
National
Bank
and
Trust
Co.,
a
community
bank
providing
retail
and
commercial
banking
services.
For
the
six
months
ended
6/30/01,
interest
income
rose
10%
to
$15.4
million.
Net
interest
income
after
loan
loss
provision
rose
5%
to
$7.8
million.
Net
income
rose
21%
to
$1.7
million.
Net
interest
income
reflects
loan
growth,
partially
offset
by
higher
interest
expenses.
Earnings
benefitted
from
the
gain
on
mortgage
loan
sales. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Richard Stevens III, 68 Chairman | -- | S. Eric Beattie, 54 Pres,
CEO of the Company and of the Bank | $229K | Reid Heeren, 59 Treasurer
and VP | 144K | Tomas Bamberger, 68 Exec.
VP and Sr. Loan Officer of the Bank | 220K | Robert McGovern, 61 Exec.
VP and Sr. Trust Officer of the Bank | 112K | 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
|
|