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Home > Company Index > Banking > Banking - Midwest > Northern States Financial Corporation

Northern States Financial Corporation
Nasdaq (SC): NSFC
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 PROFILE
Northern States Financial is the bank holding company for the Bank of Waukegan, which serves individuals and local businesses through six locations in northeastern Illinois. The bank provides standard retail services, which include savings, checking, money market, and NOW accounts, as well as CDs and IRAs. The bank uses these deposits to originate a variety of commercial, construction, mortgage (about 50% of the portfolio), and consumer loans. The trust department provides a wide array of trust services. Chairman and president Fred Abdula owns almost 20% of the company.

 COMPETITION
First Midwest Bancorp, Inc. (FMBI)
Harris Bankcorp, Inc. (dossier)
TCF Financial Corporation (TCB)

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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 40.30
1-Yr. Sales Growth: 11.0%
Employees: 151
Revenue per employee: $266,887.42

 KEY PEOPLE
• Fred Abdula
    CEO
• Thomas M. Nemeth
    CFO

 CONTACT INFO
1601 N. Lewis Ave.
Waukegan, IL 60085
US
Phone: 847-244-6000
Fax: 847-244-6098

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