| Business Summary | | Laurel
Capital
Group,
Inc.
is
a
bank
holding
company
whose
primary
asset
is
the
common
stock
of
its
wholly
owned
subsidiary,
Laurel
Savings
Bank.
Laurel
Savings
is
primarily
engaged
in
attracting
deposits
from
the
general
public
and
using
these
funds
to
originate
permanent
first
mortgage
loans
on
single-family
residential
properties,
and,
to
a
lesser
extent,
multi-family
residential
loans,
construction
loans,
commercial
real
estate
loans
and
consumer
loans.
The
Bank's
business
is
conducted
through
its
corporate
headquarters
located
in
Allison
Park,
Pennsylvania
as
well
as
four
branch
offices
located
in
Allegheny
County
and
one
branch
office
located
in
Butler
County,
Pennsylvania. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | LARL
is
a
bank
holding
company
for
Laurel
Savings
Bank,
which
operates
offices
in
Allegheny
and
Butler
Counties,
PA.
For
the
nine
months
ended
3/01,
total
interest
income
rose
13%
to
$13.9
million.
Net
interest
income
after
loan
loss
provision
rose
2%
to
$6.1
million.
Net
income
rose
11%
to
$2.8
million.
Net
interest
income
reflects
increased
average
loan
balances,
partially
offset
by
increased
deposits.
Net
income
reflects
a
$325
thousand
litigation
settlement
gain. Recent Earnings Announcement For
the
3
months
ended
06/30/2001,
revenues
were
4,504;
after
tax
earnings
were
881. (Preliminary; reported in thousands of dollars.) | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Richard Cessar, 71 Chairman | -- | Edwin Maus, 58 Pres,
CEO, Director | $210K | John Howard, Jr., 68 CFO,
Sr. VP, Sec., Treasurer | 149K | Richard Bruckman, 68 VP,
Controller | -- | Nancy Faust VP of Internal Audit and Compliance | -- | Dollar
amounts are as of 30-June-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
|
|