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Home > Company Index > Banking > Banking - Northeast > Northway Financial, Inc.

Northway Financial, Inc.
Nasdaq: NWFI
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 PROFILE
Northway Financial provides direction as the holding company for The Berlin City Bank and Pemigewasset National Bank, which operate about 20 branches in central and northern New Hampshire. The banks target individuals and local business customers by providing community-oriented services unavailable at national banking institutions. Standard services include checking and savings accounts, NOW and money market accounts, and demand accounts. Lending activities consist of residential real estate loans (about 30% of the banks' loan portfolio), commercial real estate, and consumer loans.

 COMPETITION
Banknorth Group, Inc. (BKNG)
New Hampshire Thrift Bancshares, Inc. (NHTB)
The Royal Bank of Scotland Group plc (RBOS)

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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 40.00
1-Yr. Sales Growth: 19.0%
Employees: 240
Revenue per employee: $166,666.67

 KEY PEOPLE
• William J. Woodward
    CEO
• George L. Fredette
    CFO

 CONTACT INFO
9 Main St.
Berlin, NH 03570
US
Phone: 603-752-1171
Fax: 603-752-5009

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