| | Business Summary | | First
Essex
Bancorp,
Inc.
is
the
parent
holding
company
for
First
Essex
Bank,
FSB.
The
Bank
is
principally
engaged
in
the
business
of
attracting
deposits
from
the
general
public
and
investing
in
residential
mortgage,
construction,
commercial
real
estate,
commercial
and
consumer
loans.
The
Bank
also
makes
investments
in
various
investment
securities
to
provide
a
source
of
interest
and
dividend
income.
The
Bank
currently
maintains
19
full-service
banking
offices
at
various
locations
throughout
its
market
area.
As
of
December
31,
2000,
the
Bank
had
total
assets
of
$1.5
billion. | | More
from
Market Guide: Expanded
Business Description |
| | Financial Summary | | First
Essex
Bancorp.
is
the
bank
holding
company
for
the
First
Essex
Bank,
FSB.
For
the
six
months
ended
6/30/01,
interest
income
rose
11%
to
$59
million.
Net
interest
income
after
loan
loss
provision
rose
9%
to
$26.1
million.
Net
income
increased
16%
to
$8.2
million.
Net
interest
income
reflects
increased
loans,
partially
offset
by
increased
loan
loss
provision.
Earnings
benefitted
from
increased
fee
income
and
gains
on
the
sale
of
residential
mortgage
loans. | | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Leonard Wilson, 61
Chairman,
CEO | $1.4M | Brian Thompson, 54
Pres
and COO of both the Corp. and the Bank | 458K | William Burke, 52
CFO,
Sec. and Sr. VP of the Corp. and the Bank | 211K | John DiGaetano, 57
Exec.
VP of the Corp. and Exec. VP for Consumer Banking of the Bank | 211K | Wayne Golon, 52
Exec.
VP of the Corp. and Exec. VP for Operations and Systems | 226K | | 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.. |
| More
from
Market Guide on Officers & Directors:
Expanded
List, Bios,
Compensation,
Options
|
|
![[one-year price graph]](http://chart.yahoo.com/c/0b/f/fesx.gif)