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  September 5, 2001
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Home > Company Index > Banking > Banking - Northeast > PSB Bancorp, Inc.

PSB Bancorp, Inc.
Nasdaq: PSBI
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 PROFILE
PSB Bancorp is the holding company for First Penn Bank, which serves individuals and businesses through about 10 branches located in and around Philadelphia. The bank offers traditional deposit services such as savings, checking, and money market accounts; NOW accounts; and CDs. First Penn's loan products include residential mortgages, student loans, commercial mortgages, construction loans, and commercial loans. Bank subsidiary PSA Service Corp. provides credit application processing and real estate appraisals. Other subsidiaries provide mortgage banking and loan origination services. PSB Bancorp bought Jade Financial, the parent of IGA Federal Savings Bank.

 COMPETITION
First Union Corporation (FTU)
Republic First Bancorp, Inc. (FRBK)
TF Financial Corporation (THRD)

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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 19.20
1-Yr. Sales Growth: (1.5)%
Employees: 70
Revenue per employee: $274,285.71

 KEY PEOPLE
• Vincent J. Fumo
    CEO
• Gary Polimeno
    CFO

 CONTACT INFO
11 Penn Center, Ste. 2601
Philadelphia, PA 19103
US
Phone: 215-979-7900
Fax: 215-979-7979

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