| | Business Summary | | MCB
Financial
Corporation
is
a
bank
holding
company
for
Metro
Commerce
Bank
(the
Bank).
MCB
Statutory
Trust
I,
which
is
a
Connecticut
statutory
trust
formed
for
the
exclusive
purpose
of
issuing
and
selling
trust
preferred
securities,
is
also
a
subsidiary
of
the
Company.
The
Bank's
banking
services
include
checking
and
savings
deposits,
and
the
making
of
commercial,
construction,
mortgage,
real
estate,
small
business
administration,
home
equity
and
other
installment
loans
and
term
extensions
of
credit.
The
Bank
also
offers
travelers'
checks,
notary
public
and
other
customary
bank
services
to
its
customers.
The
Bank
is
not
a
credit
card
issuing
bank,
though
it
offers
Visa
cards
through
one
of
its
correspondent
banks.
The
Bank's
primary
service
area
is
central
Marin
County
along
with
the
cities
of
San
Francisco,
South
San
Francisco,
Hayward,
Petaluma
and
Upland,
California. | | More
from
Market Guide: Expanded
Business Description |
| | Financial Summary | | MCB
Financial
is
a
bank
holding
company
of
Metro
Commerce
Bank,
which
engages
in
all
of
the
business
operations
customarily
conducted
by
independent
commercial
banks
in
California.
For
the
six
months
ended
6/30/01,
interest
income
rose
4%
to
$9
million.
Net
interest
income
after
LLP
rose
5%
to
$6.1
million.
Net
income
applicable
to
Common
rose
5%
to
$1.5
million.
Net
interest
income
reflects
higher
loans
and
lower
loss
provision.
Earnings
reflect
higher
deposit
charge. | | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Timothy Jorstad, 49
Chairman | -- | -- | Charles Hall, 46
Pres,
CEO, Director | $273K | $55K | Gary Ragghianti, 57
Vice
Chairman | -- | -- | Patrick Phelan, 37
CFO
of the Company and the Bank and Exec. VP of the Bank | 126K | 26K | Stephen Brodie, 55
Exec.
VP and CCO of the Bank | 125K | -- | | Dollar
amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors:
Expanded
List, Bios,
Compensation,
Options
|
|
![[one-year price graph]](http://chart.yahoo.com/c/0b/m/mcb.gif)