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Home > Company Index > Banking > Banking - Southeast > Intervest Bancshares Corporation

Intervest Bancshares Corporation
Nasdaq (SC): IBCA
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 PROFILE
Intervest Bancshares is the holding company for Intervest Bank and Intervest National Bank. Intervest Bank operates about a half-dozen branches in the Clearwater, Florida, area; Intervest National is located in New York City. The banks offer a range of deposit options, including checking, savings, and money market accounts, CDs, and IRAs. Multifamily residential and commercial mortgages make up the bulk of the loan portfolio (54% and 44%, respectively). Subsidiary Intervest Corporation of New York has a portfolio of real estate mortgages, CDs, and US government notes. Chairman Jerome Dansker, his son Lowell (president), daughter Helene Bergman, and son-in-law Lawrence Bergman (VP) own about 65% of the firm.

 COMPETITION
Bank of America Corporation (BAC)
First Union Corporation (FTU)
Regions Financial Corporation (RGBK)

 STOCK ANALYSIS
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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 32.90
1-Yr. Sales Growth: 110.9%
Employees: 12
Revenue per employee: $2,741,666.67

 KEY PEOPLE
• Lowell S. Dansker
    CEO
• Lowell S. Dansker
    CFO

 CONTACT INFO
10 Rockefeller Plaza, Ste. 1015
New York, NY 10020
US
Phone: 212-218-2800
Fax: 212-218-2808
Online: Web Site

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