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Home > Company Index > Banking > Banking - Midwest > Union Community Bancorp

Union Community Bancorp
Nasdaq: UCBC
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 NEWS FROM THE WIRES
Union to buy neighbor Montgomery for $18.5 million
Jul 24 2001 06:52 AM PDT

More WIRE STORIES about this company

 PROFILE
Union Community Bancorp is the holding company for Union Federal Savings and Loan Association, which serves central Indiana's Montgomery County from one location in Crawfordsville. Founded in 1913, Union Federal offers a full range of traditional retail products including passbook savings, NOW, and money-market accounts, as well as certificates of deposit. The bank uses these funds primarily to originate residential mortgages, accounting for almost 75% of the loan portfolio. The bank also provides multifamily and commercial real estate, construction, commercial, and consumer loans. Union Community Bancorp is buying Indiana neighbor Montgomery Financial, the holding company for Montgomery Savings.

 COMPETITION
BANK ONE CORPORATION (ONE)
Montgomery Financial Corporation (MONT)
National City Corporation (NCC)

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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 9.30
1-Yr. Sales Growth: 8.1%
Employees: 16
Revenue per employee: $581,250.00

 KEY PEOPLE
• Joseph E. Timmons
    CEO
• Denise E. Swearingen
    CFO

 CONTACT INFO
221 E. Main St.
Crawfordsville, IN 47933
US
Phone: 765-362-2400
Fax: 765-364-9416

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