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Home > Company Index > Banking > Banking - Northeast > PennFed Financial Services, Inc.

PennFed Financial Services, Inc.
Nasdaq: PFSB
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 PROFILE
PennFed Financial Services is the holding company for Penn Federal Savings Bank, which serves Newark, New Jersey and surrounding urban communities, as well as central and southern portions of the state. Operating through about 20 branches, the bank offers traditional retail services, including CDs, savings and checking accounts, and money market accounts. Its lending concentrates on one- to four-family residential mortgages, which represent about 85% of the loan portfolio. Penn Federal also originates commercial and multifamily mortgages, consumer loans, and home equity lines of credit. Bank subsidiary Penn Savings Insurance Agency sells insurance and investment products.

 COMPETITION
FleetBoston Financial Corporation (FBF)
Valley National Bancorp (VLY)
West Essex Bancorp, Inc. (WEBK)

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 FINANCIAL OVERVIEW
Fiscal Year-End: June
2001 Sales (mil.): 124.20
1-Yr. Sales Growth: 8.3%
Employees: 266
Revenue per employee: $466,917.29

 KEY PEOPLE
• Joseph L. LaMonica
    CEO
• Jeffrey J. Carfora
    CFO

 CONTACT INFO
622 Eagle Rock Ave.
West Orange, NJ 07052
US
Phone: 973-669-7366
Fax: 973-669-7374
Online: Web Site

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