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  September 5, 2001
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Home > Company Index > Banking > Banking - West > EverTrust Financial Group, Inc.

EverTrust Financial Group, Inc.
Nasdaq: EVRT
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 PROFILE
EverTrust Financial Group (formerly Mutual Bancshares) is the holding company for Everett Mutual Bank, which operates 11 branches in the suburbs north of Seattle. The bank offers retail banking products such as savings, checking, and money market accounts as well as CDs. Real estate makes up most of the loan portfolio (multifamily mortgages are about 30%; commercial loans, about 25%); the bank also offers residential, home equity, and consumer loans. Subsidiary Commercial Bank of Everett offers banking to small and midsized businesses; others provide venture capital and check processing services.

 COMPETITION
Cascade Financial Corporation (CASB)
Washington Mutual, Inc. (WM)
Wells Fargo & Company (WFC)

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 FINANCIAL OVERVIEW
Fiscal Year-End: March
2001 Sales (mil.): 49.10
1-Yr. Sales Growth: 23.7%
Employees: 140
Revenue per employee: $350,714.29

 KEY PEOPLE
• Michael B. Hansen
    CEO
• Jeffrey R. Mitchell
    CFO

 CONTACT INFO
2707 Colby Ave., Ste. 600
Everett, WA 98201
US
Phone: 425-258-3645
Fax: 425-258-0345

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