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Home > Company Index > Banking > Banking - Southeast > South Street Financial Corp.

South Street Financial Corp.
Nasdaq: SSFC
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 PROFILE
South Street Financial is the holding company for Home Savings Bank of Albemarle, which operates two offices in Stanly County, North Carolina, about 30 miles northeast of Charlotte. Founded in 1911, the bank's products and services include certificates of deposit, and savings, NOW, and money market accounts, which are primarily utilized to originate one- to four-family residential mortgages (nearly 85% of the loan portfolio). Home Savings also offers nonresidential and undeveloped real estate mortgages, as well as construction, commercial, and consumer loans. South Street Development, a subsidiary of the bank, owns half of Park Ridge Associates, which is developing a residential subdivision in Albemarle.

 COMPETITION
First Bancorp (FBNC)
First Charter Corporation (FCTR)
National Commerce Financial Corporation (NCF)

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 FINANCIAL OVERVIEW
Fiscal Year-End: September
2000 Sales (mil.): 14.00
1-Yr. Sales Growth: 10.1%
Employees: 41
Revenue per employee: $341,463.41

 KEY PEOPLE
• Carl M. Hill
    CEO

 CONTACT INFO
155 W. South St.
Albemarle, NC 28001
US
Phone: 704-982-9184
Fax: 704-983-1308

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