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Home > Company Index > Banking > Banking - Northeast > Willow Grove Bancorp, Inc.

Willow Grove Bancorp, Inc.
Nasdaq: WGBC
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 PROFILE
Willow Grove Bancorp is the holding company for Willow Grove Bank, which operates about a dozen branches that serve northeastern Philadelphia and suburban Bucks, Chester, Delaware, and Montgomery counties. Founded in 1909, the bank uses deposit funds from CDs and NOW, savings, and money market accounts to invest in securities and originate a variety of loans. Single-family residential mortgages represent almost half of the bank's portfolio; its lending activities also include multifamily and commercial mortgages (nearly a quarter), as well as home equity, construction, business, and consumer loans. Willow Grove Mutual Holding Company owns about 55% of the company's stock.

 COMPETITION
First Union Corporation (FTU)
Harleysville Savings Financial Corp. (HARL)
Mellon Financial Corporation (MEL)

 STOCK ANALYSIS
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 FINANCIAL OVERVIEW
Fiscal Year-End: June
2000 Sales (mil.): 40.00
1-Yr. Sales Growth: 21.2%
Employees: 190
Revenue per employee: $210,526.32

 KEY PEOPLE
• Frederick A. Marcell
    CEO
• Christopher E. Bell
    CFO

 CONTACT INFO
Welsh and Norristown Rds.
Maple Glen, PA 19002
US
Phone: 215-646-4505
Fax: 215-643-9413
Online: Web Site

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