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  September 5, 2001
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Home > Company Index > Banking > Banking - Northeast > FIRSTFED AMERICA BANCORP, INC.

FIRSTFED AMERICA BANCORP, INC.
AMEX: FAB
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 PROFILE
FIRSTFED AMERICA is well-capitalized. It's the savings and loan holding company for First Federal Savings Bank of America, which operates 15 branches and six loan origination facilities in southeastern Massachusetts, Rhode Island, and Connecticut. The bank offers such retail products as checking, savings, money market, and NOW accounts, CDs, and IRAs. It invests heavily in mortgage-backed securities. One- to four-family residential mortgages make up almost 75% of the bank's loan portfolio, which also includes commercial and consumer loans. FIRSTFED also offers trust services and insurance through subsidiaries.

 COMPETITION
FleetBoston Financial Corporation (FBF)
Independent Bank Corp. (INDB)
Seacoast Financial Services Corporation (SCFS)

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 FINANCIAL OVERVIEW
Fiscal Year-End: March
2001 Sales (mil.): 123.00
1-Yr. Sales Growth: 22.5%
Employees: 329
Revenue per employee: $373,860.18

 KEY PEOPLE
• Robert F. Stoico
    CEO
• Edward A. Hjerpe
    CFO

 CONTACT INFO
1 FIRSTFED Park
Swansea, MA 02777
US
Phone: 508-679-8181
Fax: 508-678-8442
Online: Web Site

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