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  September 5, 2001
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Home > Company Index > Banking > Banking - Southeast > AREA Bancshares Corporation

AREA Bancshares Corporation
Nasdaq: AREA
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 PROFILE
AREA Bancshares is the holding company for AREA Bank, which operates some 75 branches across Kentucky. The bank offers such services as checking, savings, and money market accounts and CDs. Commercial loans make up more than 40% its loan portfolio, with real estate mortgages accounting for more than 35%; consumer and construction loans fill in the rest. Real estate loans are sometimes sold on the secondary market, but the company retains servicing. It also provides insurance, trust, and brokerage services. One of the largest banks based in Kentucky, AREA Bank was formed after AREA Bancshares consolidated its 17 subsidiary bank charters. Chairman C. M. Gatton, an auto dealer, owns about 25% of the company.

 COMPETITION
BANK ONE CORPORATION (ONE)
Fifth Third Bancorp (FITB)
National City Corporation (NCC)

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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 251.20
1-Yr. Sales Growth: 22.4%
Employees: 1,049
Revenue per employee: $239,466.16

 KEY PEOPLE
• Thomas R. Brumley
    CEO
• Edward J. Vega
    CFO

 CONTACT INFO
230 Frederica St.
Owensboro, KY 42301
US
Phone: 270-926-3232
Fax: 270-686-1519
Online: Web Site

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