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Home > Company Index > Banking > Banking - Northeast > People's Bancshares, Inc.

People's Bancshares, Inc.
Nasdaq: PBKB
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 PROFILE
People's Bancshares is the holding company for People's Savings Bank of Brockton. Founded in 1895, the bank serves the area of Brockton and New Bedford in southeastern Massachusetts through 12 branches, offering checking and savings accounts, money markets, CDs, and IRAs. Lending activities consist mostly of one- to four-family mortgages (about two-thirds of its portfolio), as well as multifamily residential, commercial real estate, commercial, and consumer loans. Subsidiary People's Mortgage, whose operations extend down the eastern seaboard as far as Virginia, originates mortgages for resale into the secondary market. About half the company's assets are invested in securities.

 COMPETITION
CCBT Financial Companies, Inc. (CCBT)
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Seacoast Financial Services Corporation (SCFS)

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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 90.10
1-Yr. Sales Growth: 9.3%
Employees: 308
Revenue per employee: $292,532.47

 KEY PEOPLE
• Richard S. Straczynski
    CEO
• James K. Hunt
    CFO

 CONTACT INFO
73 Belmont St.
Easton, MA 02375
US
Phone: 508-991-2601
Fax: 508-991-2705

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