A few notes about viewing Plunkett Research books in PDF format… • • • • •
When in Adobe Acrobat Reader, press the [F5] key on your keyboard to display a list of "bookmarks," which are a very thorough table of contents with links to pages within the PDF. Click a bookmark to jump to a particular chapter, table or section. For easiest viewing, increase or decrease the zoom percentage (lower left corner of the page window) as necessary. Press the [F5] key again to hide the list of bookmarks as necessary. In order to use this PDF, you must agree to the terms of the End User License Agreement that follows on page 10 of this PDF.
A few notes about the following pages… • • • • •
The pages immediately following tell you more about our book titles and how to purchase them. We suggest you print out the Customer Support form on the next page and fax it to us at 713.932.7080. You will receive a free CD-ROM version of this book's database of companies. To order other books, print the order form on page 7 of this PDF and fax it to 713.932.7080 or visit our website at www.plunkettresearch.com. The book in its entirety begins on or about page 8 of this PDF. Thank you for interest.
Customer Support Information Plunkett’s Financial Services Industry Almanac 2002-2003 Please register your book immediately… if you did not purchase it directly from Plunkett Research, Ltd. This will enable us to fulfill your replacement request if you have a damaged product, or your requests for assistance. Also it will enable us to notify you of future editions, so that you may purchase them from the source of your choice.
If you are an actual purchaser but did not receive a FREE CD-ROM version with your book… you may request it by returning this form. ____ YES, please register me as a purchaser of the book. I did not buy it directly from Plunkett Research, Ltd. ____ YES, please send me a free CD-ROM version of the book. I am an actual purchaser, but I did not receive one with my book. (Proof of purchase may be required.) Customer Name ______________________________________________________ Title________________________________________________________________ Organization _________________________________________________________ Address_____________________________________________________________ City_______________________________State________Zip _________________ Country (if other than USA) ____________________________________________ Phone_________________________Fax _________________________________ E-mail ______________________________________________________________
Mail or Fax to:
Plunkett Research, Ltd. Attn: FREE CD-ROM and/or Registration P.O. Drawer 541737, Houston, TX 77254-1737 USA 713.932.0000 « Fax 713.932.7080 www.plunkettresearch.com
Plunkett’s 2002
When You Need Accurate, Timely, Innovative Information
Business, Careers & Internet Reference Tools Trends, Statistics, Market Research and Industry Analysis in: ■ ■ ■ ■ ■ ■ ■ ■ ■
Computers & Internet Entertainment & Media Telecommunications Retail Health Care & Biotech Finance & Investments Engineering & Research Energy Job Seekers & Careers
“Highly recommended.” – Library Journal Books / CD-ROMs / eBooks in PDF
New! Online Subscriptions to Plunkett Data
From Plunkett Research, Ltd. www.plunkettresearch.com
Trends, Statistics, Market Research and Industry Analysis
Market Research, Industry Analysis and Corporate Profiles in One Resource! Each exciting industry title contains all of the information you need to fully understand the trends, technologies, finances and leading companies of a specific industry. Whatever field you are researching, from InfoTech to Energy to Retailing, you’ll find all of the answers you need in one value-packed, industry-specific resource.
www.plunkettresearch.com
Use the CD-ROM/book package to unlock and analyze the best companies. Our CD-ROMs are for use in Microsoft Windows or NT environments. They contain the complete core database of each book. You’ll be able to install it on your hard drive and use it to: • Create your own mailing lists of companies and their executives. • Build your own spreadsheets and databases. • Load the database onto your own computer system. • Share it on your network or intranet. • Sort, filter and view corporate profiles.
Our Titles Are Packed With Valuable Information! Here’s what you’ll find inside each industry book: • Glossary • Industry Overview and Trends • Segment by Segment Analysis • Statistics, Charts, Tables • Technology and Research Trends • Industry Contacts and Associations • Finances • Profiles of Hundreds of Leading Companies • Thorough Indexes and Cross-Indexes
A Free CD-ROM version of key data comes with each book.
•
Easy-to-read corporate profiles loaded with data
Detailed Profiles on Hundreds of Firms: • Leading Companies Profiled and Ranked by Sales and Profits • Thorough Business Descriptions • Up to 24 Executive Contacts per Company • Address, Phone, Fax, Web Sites • Growth Plans • Competitive Advantage Statements • Salaries, Benefits and Hiring Plans • Divisions and Subsidiaries
•
New Online Service Online Subscriptions Plunkett Research, Ltd.’s business, Internet and careers data is available online through subscription plans at value-packed prices. Access our online service by IP address or other popular methods. Search and view our industry analysis, statistics and company profiles online.
Each book is packed with 500 to 700 pages of valuable information.
Health Care & Biotech Plunkett’s Health Care Industry Almanac 2001-2002 1-891775-17-0 $199.99 JAN 2001 INCLUDES CD-ROM
740 pg. The only complete reference to the American health care industry. Profiles of the Health Care 500 firms. Academic Book of the Year Award Winner. "Highly recommended..." – CHOICE Magazine
Plunkett’s Biotech & Genetics Industry Almanac 1-891775-18-9 $199.99 FEB 2001 INCLUDES CD-ROM
584 pg. Your guide to the technologies revolutionizing health care! Research, growth companies, proteomics, genomics. Vital details on the Biotech 400 firms. "Will help readers understand the uses and implications of such technologies as tissue engineering, recombinant DNA and genetically engineered agricultural products..." – SciTech Book News
Engineering & Research Plunkett’s Engineering & Research Industry Almanac 1-891775-10-3 $179.99 OCT 2000 INCLUDES CD-ROM
680 pg. Profiles of 500 leading corporations in research, engineering and development in biotech, electronics, aerospace, medicine. "...The convenience for a typical user makes this volume very attractive for the support of job-seekers and investors." – American Reference Books Annual
Retail Plunkett’s Retail Industry Almanac 2001-2002 1-891775-16-2 $199.99 MAY 2001 INCLUDES CD-ROM
680 pg. Thorough analysis of trends, careers, suppliers, finances, shopping centers and Internet-based retailing. Profiles of 400 leading, fast-growing retailers of all types. “Consider this reference essential...covering everything from malls and superstores to mail order business.” – Midwest Book Review
Computers & Internet Plunkett’s E-Commerce & Internet Business Almanac 2001-2002 1-891775-21-9 $249.99 JUN 2001 INCLUDES CD-ROM
500 pg. Complete access to the exploding Internet business. Profiles of leading corporations in e-commerce, equipment, Internet services and more. “Unique, well-researched.” – CHOICE Magazine
Plunkett’s InfoTech Industry Almanac 2001-2002 1-891775-15-4 $199.99 APR 2001 INCLUDES CD-ROM
695 pg. In-depth analysis of the InfoTech Revolution. Profiles of the InfoTech 500 firms in computers, software, online, systems integration, networking and more. "Intriguing reference...interesting articles on the industry's trends." – Library Journal
Telecommunications Plunkett’s Telecommunications Industry Almanac 2003-2004 1-891775-22-7 $249.99 JULY 2002 INCLUDES CD-ROM
680 pg. Complete guide to the rapidly evolving telecommunications industry. Profiles of leading firms in wireless, long-distance, networks, local service. “Essential for long-term business analysis and industry trends.” – Midwest Book Review
Finance & Investments Plunkett’s Financial Services Industry Almanac 2002-2003 1-891775-23-5 $229.99 MAR 2002 INCLUDES CD-ROM
700 pg. Profiles of 500 leading corporations in banking, insurance, mortgages, online finance, credit cards, investments, stocks. “Well researched and presented...excellent value in terms of information versus cost.” – American Reference Book Annual
Plunkett’s On-Line Trading, Finance & Investment Web Sites Almanac 1-891775-08-1 $149.99 JAN 2000 INCLUDES DISKETTE
Energy Plunkett’s Energy Industry Almanac 2002-2003 1-891775-20-0 $199.99 JULY 2001 INCLUDES CD-ROM
610 pg. Covers everything from major oil companies to electric and gas utilities, plus pipelines, refiners/retailers, oil field services and alternative energy. Profiles of Plunkett’s Energy 400 firms. “This impressive reference compendium covers all facets of the American energy industry...exhaustively researched...” – Midwest Book Review
Job Seekers & Careers Plunkett’s Employers’ Internet Sites with Careers Information 2002-2003 1-891775-19-7 $199.99 NOV 2001 INCLUDES CD-ROM
701 pg. Profiles 500 Internet sites operated by major employers. Locate web sites with job openings and the ability to apply online. Saves countless hours of research. Indexes include international posts, internships, physically challenged and type of career. “(It) will become a core addition to career centers and libraries everywhere...” – Joyce Lain Kennedy, columnist
The Almanac of American Employers 2002-2003 1-891775-25-1 $199.99 DEC 2001 INCLUDES CD-ROM
695 pg. Fully updated for the job seeker and researcher. Includes salaries, benefits, corporate culture, special hiring/training programs, women and minorities in top posts, contacts. Profiles The American Employers 500.
660 pg. Save countless hours in your research for data on investments, stocks, bonds, commodities, banking, mortgages, economics, trends and more. Complete profiles of the 211 most vital web sites for investors and financial professionals.
Plunkett’s Companion to The Almanac of American Employers: Mid-Size Firms 2002-2003
"Contains an abundance of useful information." – Journal of Business & Finance Librarianship
1-891775-26-X $179.99 DEC 2001 INCLUDES CD-ROM
Entertainment & Media
640 pg. Profiles of 500 rapidly growing midsize firms, from 200 to 2,300 employees.
Plunkett’s Entertainment & Media Industry Almanac 2002-2003 1-891775-27-8 $229.99 APR 2002 INCLUDES CD-ROM
“Recommended for all libraries.” – CHOICE Magazine
“The best places to work.” – USA Today
Corporate Jobs Outlook! Newsletter ISSN 0892-5232 $199.99
626 pg. Profiles of 400 leading firms in film, radio, TV, cable, multimedia, magazines, books, newspapers and online publishing.
Published since 1986, a bimonthly newsletter with profiles of growing, hiring firms.
“A critically important reference.” – Midwest Book Review
“Use (Plunkett's) yardsticks to rate your prospective employers.” – Money Magazine
Plunkett Research, Ltd.
Order Form
Books/CD-ROMs $9.50 per book shipping
Computers & Internet Plunkett’s E-Commerce & Internet Business Almanac 2001-2002 ISBN 1-891775-21-9 with CD-ROM Plunkett’s InfoTech Industry Almanac 2001-2002 ISBN 1-891775-15-4 with CD-ROM Entertainment & Media Plunkett’s Entertainment & Media Industry Almanac 2002-2003 ISBN 1-891775-27-8 with CD-ROM Telecommunications Plunkett’s Telecommunications Industry Almanac 2003-2004 ISBN 1-891775-22-7 with CD-ROM Retail Plunkett’s Retail Industry Almanac 2001-2002 ISBN 1-891775-16-2 with CD-ROM Health Care & Biotech Plunkett’s Health Care Industry Almanac 2001-2002 ISBN 1-891775-17-0 with CD-ROM Plunkett’s Biotech & Genetics Industry Almanac ISBN 1-891775-18-9 with CD-ROM Finance & Investments Plunkett’s Financial Services Industry Almanac 2002-2003 ISBN 1-891775-23-5 with CD-ROM Plunkett’s On-Line Trading, Finance & Investment Web Sites Almanac ISBN 1-891775-08-1 with Diskette Engineering & Research Plunkett’s Engineering & Research Industry Almanac ISBN 1-891775-10-3 with CD-ROM Energy Plunkett’s Energy Industry Almanac 2002-2003 ISBN 1-891775-20-0 with CD-ROM Job Seekers & Careers The Almanac of American Employers 2002-2003 ISBN 1-891775-25-1 with CD-ROM Plunkett’s Companion to The Almanac of American Employers: Mid-Size Firms 2002-2003 ISBN 1-891775-26-X with CD-ROM Plunkett’s Employers’ Internet Sites with Careers Information 2002-2003 ISBN 1-891775-19-7 with Diskette Corporate Jobs Outlook! Newsletter ISSN 0892-5232 @199.99 per year Subtotal Shipping/ Handling add $9.50 per book or Next day air in the US, add $23.50 per book or Airmail outside USA, add $42.00 per book. FedEx outside USA, add $90.00 per book. In Texas add 8.25% sales tax if you are not tax exempt.
TOTAL
$ $ $ $ $ $ $
____ @ 249.99 $ ____ @ 199.99 $
Special Offer
Online Access
Approval Plan
Online Access License
Libraries and Schools Only Save 10% With the Approval Plan, receive your books, on approval, as each new edition is published. You will have 45 days after receipt to return any book without obligation. If you keep the book, you will receive a 10% discount.
____ @ 229.99 $
____ @ 249.99 $
____ @ 199.99 $
____ @ 199.99 $ ____ @ 199.99 $
Offered on a yearly basis. Includes online access by IP address, or other methods, and permanent archival eBook copies for your collection. ••••••••••••••••••••••••••••••••••• ____ 1 Title $950 for schools, corporations, libraries or government agencies •••••••••••••••••••••••••••••••••••
Check to receive, on approval: ____ All eleven (11) future business and industry book titles. ____ All three (3) future job seekers/careers books. (please note this offer does not include Corporate Jobs Outlook)
____ All 14 Titles Does not include Corporate Jobs Outlook.
Corporation/Government BY NUMBER OF EMPLOYEES
Up to 1,000 Up to 2,500
$4,500
Up to 5,000
$6,000 $7,500
Please provide a purchase order number or credit card.
Above 5,000
____ @ 229.99 $ ____ @ 149.99 $
Questions? Call (713) 932-0000.
University/School BY FTE STUDENTS
____ @ 179.99 $
____ @ 199.99 $
Up to 2,000
$3,000
Up to 5,000
$4,500
Above 5,000
$6,000
Public Library BY POPULATION SERVED
____ @ 199.99 $
Up to 0.5 mil $3,000
____ @ 179.99 $
Above 1.0 mil $6,000
____ @ 199.99 $
•••••••••••••••••••••••••••••••••••
Up to 1.0 mil $4,500
____ @ 199.99 $
STANDING ORDER l Check here for a standing order and receive a 10% discount on future editions of the book(s) you have ordered, which will be shipped to you automatically. You may cancel your standing order at any time.
METHOD OF PAYMENT (Our Federal ID number is 74-2440918) Purchase order number (if any): l Check enclosed l Bill me l Credit card (check one) l VISA l MasterCard l American Express Credit Card No.
Expiration Date:
SHIP TO: Name
l
Check here to receive our FREE e-mail newsletter.
$3,000
Title/Department Organization
Plunkett Research, Ltd.
Address
P.O. Drawer 541737 Houston, TX 77254-1737 USA VOICE 713.932.0000 / FAX 713.932.7080 www.plunkettresearch.com
City
State
Telephone
Fax
E-mail
Zip
PLUNKETT'S FINANCIAL SERVICES INDUSTRY ALMANAC 2002-2003 The only complete guide to the technologies and companies changing the way the world banks, invests and manages money
Jack W. Plunkett Published by: Plunkett Research, Ltd., Houston, Texas www.plunkettresearch.com
PLUNKETT'S FINANCIAL SERVICES INDUSTRY ALMANAC 2002-2003 Editor and Publisher: Jack W. Plunkett Executive Editor and Database Manager: Martha Burgher Plunkett
Information Technology Director: Alex Preskovsky
Senior Editor and Researcher: Scott Rick
E-Commerce Manager: Kamil Ahmed
Editors, Researchers and Assistants: Evan Cleveland Elisa Gabbert Jules Marshall Ray Marumahoko Paul Medford Ghazal Siddiqi Suzanne Zarosky
Cover Design: Kim Paxson, Just Graphics Junction, TX
Special Thanks to: U.S. Department of Commerce U.S. Federal Reserve Bank The Investment Company Institute U. S. Department of the Treasury Securities Industry Association Insurance Information Institute
Plunkett Research, Ltd. P. O. Drawer 541737, Houston, Texas 77254 Phone: 713.932.0000 Fax: 713.932.7080 www.plunkettresearch.com
Copyright 2002 by Plunkett Research, Ltd.
Published by: Plunkett Research, Ltd. P. O. Drawer 541737 Houston, Texas 77254-1737 USA Phone: 713.932.0000 Fax: 713.932.7080 Internet: www.plunkettresearch.com ISBN # 1-891775-52-9 End-User License Agreement, Limited Warranty & Limitation of Liability-Effective April 2002, Plunkett Research, Ltd. Important, read carefully: This agreement is a legal agreement between you (whether as an individual or an organization) and Plunkett Research, Ltd. By installing, copying, downloading, accessing or otherwise using the Plunkett Data, you agree to be bound by the terms of this Agreement. If you do not agree to the terms of this Agreement, do not install or use the Plunkett Data. The information (the "Data" or the "Plunkett Data") contained in this printed version or electronic file is the property of Plunkett Research, Ltd. Copyright laws and international copyright treaties, as well as other intellectual property laws and treaties, protect the Plunkett Data. LIMITED RIGHTS TO INSTALL DATA ON ELECTRONIC DEVICES: Plunkett Research, Ltd. grants you, as an individual or an organization, a non-exclusive license to use and and/or install this Data, including installation of electronic files on one individual desktop computer AND on one laptop computer AND one personal digital assistant or dedicated portable eBook reader (such as a Palm or iPaq). This is a limited license, which applies to a single user. Organizations desiring multi-user licenses may purchase additional rights at reasonable cost by contacting Plunkett Research, Ltd., 713.932.0000, www.plunkettresearch.com, email:
[email protected]. LIMITED RIGHTS TO EXPORT OR COPY DATA, SUBJECT TO CONTINUED COPYRIGHT NOTICE: Limited exporting or copying of certain limited amounts of Data for creation of mailing lists, summaries and contact lists is allowed, PROVIDED THAT: 1) The exported Data is for use by one organization, company or individual only. 2) The exported Data will not be re-sold, posted to an Internet-based file, commercially published, or broadly distributed outside of the organization/corporation that has purchased the Plunkett Data. 3) Broad use, multipremises use, or sharing outside of the organization that purchased the Plunkett Data is not allowed. 4) Violators will be subject to all penalties allowed by law. Rights under this license may not be sold or transferred. Data which may be exported or copied under the rights conferred through this paragraph may consist of any of the following: i. Up to 400 words of text; ii. Company names, addresses, telephone numbers,and executives with job titles; iii. Up to 2 tables or charts, PROVIDED THAT said Data is immediately followed by this information in a font size that is clearly legible and of no less than 9 points in size: Copyright © Plunkett Research, Ltd., www.plunkettresearch.com, all rights reserved.
LIMITED WARRANTY: While Plunkett Research, Ltd. has made an effort to obtain the Data from sources deemed reliable, Plunkett Research, Ltd. makes no warranties, expressed or implied, regarding the accuracy, the installation or usability of an electronic file, or any aspect of the Data contained herein whether in print or electronic version. The Data is provided to the End-User “AS IS” without warranty of any kind. No oral or written information or advice given by Plunkett Research, Ltd. or its employees, distributors or representatives will create a warranty or in any way increase the scope of this Limited Warranty, and the Customer or End-User may not rely on any such information or advice. Among other things, this Limited Warranty applies to your ability to install an electronic file or software or such an installation's effects on your computer or other electronic devices. Plunkett Research, Ltd. assumes no liability and does not guarantee that this Data will install or function correctly on your computer or other electronic devices and further does not guarantee or accept any liability for the results of your attempt to install this Data, including any fault or dysfunction (including, but not limited to: computer viruses and/or alterations to computer files, registries or setups) to your computer or electronic devices that may be caused by installation or use. Customer Remedies: Plunkett Research, Ltd. and its suppliers' entire liability and your exclusive remedy shall be, at Plunkett Research Ltd.'s sole discretion, either (a) return of the price paid, if any, or (b) repair or replacement of the product that does not meet Plunkett Research, Ltd.'s Limited Warranty and that is returned to Plunkett Research, Ltd. with sufficient evidence of or receipt for your original purchase. NO OTHER WARRANTIES: TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, PLUNKETT RESEARCH, LTD. AND ITS SUPPLIERS AND DISTRIBUTORS DISCLAIM ALL OTHER WARRANTIES AND CONDITIONS, EITHER EXPRESSED OR IMPLIED, INCLUDING, BUT NOT LIMITED TO, IMPLIED WARRANTIES OR CONDITIONS OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, TITLE AND NON-INFRINGEMENT WITH REGARD TO THE PRODUCT, AND THE PROVISION OF OR FAILURE TO PROVIDE SUPPORT SERVICES. THIS LIMITED WARRANTY GIVES YOU SPECIFIC LEGAL RIGHTS. YOU MAY HAVE OTHERS, WHICH VARY FROM STATE/JURISDICTION TO STATE/JURISDICTION.
LIMITATION OF LIABILITY: TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, IN NO EVENT SHALL PLUNKETT RESEARCH, LTD. BE LIABLE FOR ANY SPECIAL, INCIDENTAL OR CONSEQUENTIAL DAMAGES WHATSOEVER (INCLUDING, WITHOUT LIMITATION, DAMAGES FOR LOSS OF BUSINESS PROFITS, BUSINESS INTERRUPTION, LOSS OF BUSINESS INFORMATION, ABILITY TO OBTAIN OR RETAIN EMPLOYMENT OR REMUNERATION, ABILITY TO PROFITABLY MAKE AN INVESTMENT, OR ANY OTHER PECUNIARY LOSS) ARISING OUT OF THE INSTALLATION OF, USE OF, OR RELIANCE UPON THIS DATA, OR THE INABILITY TO USE THIS DATA (WHETHER IN ELECTRONIC OR PRINTED FORM) OR THE FAILURE OF PLUNKETT RESEARCH, LTD. TO PROVIDE SUPPORT SERVICES, EVEN IF PLUNKETT RESEARCH, LTD. HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. IN ANY CASE, PLUNKETT RESEARCH, LTD.’S ENTIRE LIABILITY UNDER ANY PROVISION OF THIS END-USER LICENSE AGREEMENT SHALL BE LIMITED TO THE AMOUNT ACTUALLY PAID BY YOU FOR THE PRODUCT. BECAUSE SOME STATES/JURISDICTIONS DO NOT ALLOW THE EXCLUSION OR LIMITATION OF LIABILITY, THE ABOVE LIMITATION MAY NOT APPLY TO YOU.
PLUNKETT'S FINANCIAL SERVICES INDUSTRY ALMANAC 2002-2003 TABLE OF CONTENTS A Short Financial Services Glossary Introduction How to Use This Book Chapter 1: An Overview of the Financial Services Industry (Markets, Statistics and Trends) Chapter 2: A Short List of Important Financial Services Industry Contacts (Addresses, Phone Numbers and World Wide Web Sites) Chapter 3: Banking Chapter 4: Insurance Chapter 5: Mutual Funds, Retirement Plans and Annuities Chapter 6: Financial Information Technologies and Financial Services Online Chapter 7: Residential Mortgages Chapter 8: The Financial Services 500: Who They Are and How They Were Chosen Industry Codes Index of Rankings Within Industry Groups (The 500 firms grouped by industry, and ranked for sales and profits) Alphabetical Index Index of Headquarters Location, by State Index by Regions Where the Financial Services 500 Firms Have Locations Index by Firms with International Operations Individual Data Profiles on Each of The Financial Services 500 Additional Indexes Index of Firms Noted as Hot Spots for Advancement for Women & Minorities Index by Subsidiaries, Brand Names and Affiliations LIST OF MAJOR TABLES U.S. Household Financial Assets by Category Consumer Credit Outstanding, 1960-2001 Hours and Earnings in Private Nonagricultural Industries, 1965-2001 Total and Per Capita Disposable Personal Income and Personal Consumption Expenditures in Current and Real Dollars, 1960-2001 Gross U.S. Savings and Investment, 1960-2001 Relation of National Income and Personal Income, 1960-2001 Civilian Unemployment Rate, Major Industrial Countries, 1975-2001 Civilian Hourly Compensation, Major Industrial Countries, 1975-2000 (CONTINUED ON NEXT PAGE)
i 1 3 7 39 63 71 75 85 95 107 108 109 122 127 133 147 150 668 670 10 14 15 16 17 18 19 20
(CONTINUED FROM PREVIOUS PAGE) Consumer Price Indexes for Major Expenditure Classes, 1960-2001 22 Interest-bearing Public Debt Securities by Kind of Obligation, 1970-2000 23 Bond Yields and Interest Rates, 1965-2001 24 Federal Receipts, Outlays, Surplus or Deficit, and Debt, Selected Fiscal Years, 1960-2003 26 U.S. Capacity Utilization Rates, 1965-2001 27 Federal Budget Receipts, Outlays, Surplus or Deficit, and Debt, as Percent of Gross Domestic Product, 1960-2003 28 Corporate Profits with Inventory Valuation and Capital Consumption Adjustments, 1960-2001 29 U.S. Merchandise Exports and Imports by Area, 1990-2001 31 International Reserves, Selected Years, 1962-2001 32 Foreign Transactions in the National Income and Product Accounts, 1960-2001 33 Worldwide Growth Rates in Real Gross Domestic Product, 1980-2001 34 Foreign Exchange Rates, 1969-2001 35 Industrial Production, Major Industrial Countries, 1973-2001 37 Consumer Prices , Major Industrial Countries, 1973-2001 38 Mega Mergers in Banking 65 Top Bank Holding Companies 68 U.S. Insurance Industry at a Glance 71 Major 2001 Insurance Company Mergers and Acquisitions 72 Top U.S. Insurance Firms 74 Number of Mutual Funds by Category, U.S., in December 2001 78 The Largest Equity Mutual Funds 80 The Largest Bond Mutual Funds 80 401(k) Plan Characteristics Year-End 1999 82 State of Online Access to Financial Services 85 Largest Online Stock Brokerages 89 Leading Personal Finance and Investment Advice Sites 90 U.S. Mortgage Market at a Glance 95 1-4 Family Mortgage Originations, 1980-2000 101 New Housing Units Started and Authorized, 1960-2001 102 New Construction Activity, 1960-2001 103 Mortgage Debt Outstanding by Holder, 1960-2001 104 Mortgage Debt Outstanding by Type of Property and of Financing, 1960-2001 105
www.plunkettresearch.com
A SHORT FINANCIAL SERVICES GLOSSARY 10-K: An annual report providing a comprehensive overview of the state of a company's business. The SEC requires that it be filed by 90 days after fiscal year end. A 10Q report is filed on a quarterly basis. 12B-1 Fees: The percent of a mutual fund's assets used in the defraying of marketing and distribution costs. The fee amount is stated in the fund's prospectus. Recently the SEC proposed that 12b1 fees over 0.25% be classed as a load. A true "no load" fund does not have a 12b1 fee. 401(k) Plan: An employer-sponsored retirement plan that enables employees to defer taxes on a portion of their salaries by earmarking that portion for the retirement plan. In a typical plan, employees may deposit up to 15% of a year's salary. The employer then matches a portion of the employee's deposit. A common employer match equals one-half of an employee's deposits of up to 6% of salary. In other words, if an employee deposits 6% of a $30,000 salary ($1,800), the employer would match one-half of that $1,800 deposit ($900). The employee would then have $1,800 + $900 in the savings plan = $2,700. The account will grow on a tax-deferred basis until the employee begins drawing money at retirement. It is important to note that the provisions of these plans vary widely from one employer to the next. Some employers make no matching deposit. Some generous firms match 100% of qualified employee deposits. Not surprisingly, members of Congress have voted themselves one of the most generous savings plans in the nation, where the government matches 200% of their qualified deposits. 403(b) Plan: An employer-sponsored retirement plan that enables employees of universities, public schools, and nonprofit organizations to defer taxes on a portion of their salaries by earmarking that portion for the retirement plan. See 401(k) for details. Acceleration Clause: A clause in contracts of debt, which makes the entire amount due upon the borrower's default.
Adviser: An organization employed by a mutual fund to give advice on the fund’s investments (also called the "Investment Adviser"). Agent: Insurance is sold by two types of agents. Independent agents are self-employed business people who typically represent two or more insurance companies and are paid on a commission basis. An agency company is a company that markets products via independent agents. Exclusive agents represent only one insurance company. They may be salaried employees or work on a commission basis. Companies using exclusive agents are called direct writers. The market share of direct writers has grown for more than a decade. In 1991, they represented 43% of the property/casualty market, and agency companies accounted for 57% of the market. Alpha: A measure of the selection risk, or residual risk, of a mutual fund relative to the market. A positive alpha represents the extra return an investor receives for taking a risk rather than accepting the market return. In other words, it is the percentage by which a fund outperforms the market-based return estimate. Alternative Documentation: A method of documenting a loan file, often referred to as "Alt Doc," that relies on information that the borrower is likely to be able to provide, rather than waiting on verification sent to third parties for confirmation of statements made in the mortgage loan application. American Depositary Receipts : Certificates issued by a U.S. Depositary Bank to represent foreign shares held by a branch of the bank or a correspondent in the country. An ADR can stand for one share, part of a share or a bundle of shares of a foreign corporation. The same currency, political and economic risks of the underlying foreign share are associated with the ADR. Prices are kept essentially identical through arbitrage. Amortization: A repayment method in which the amount you borrow is repaid gradually through regular monthly payments of principal and interest. During the first few years, most of each payment is applied toward the interest owed. During the final years of the loan, payment amounts are applied almost exclusively to the remaining principal.
www.plunkettresearch.com
Annual Report: A yearly record of the financial condition of a publicly held company, including a description of business operations, a balance sheet and an income statement. The report must be distributed to all shareholders by law. A 10-K is a more detailed version of the annual report. Annuitant: An investor in an annuity who is entitled to periodic payments for life or for specific number of years based on the balance in that annuity. Annuity: A contract between an issuer and an individual in which the company agrees to provide, in exchange for a stipulated amount of money, either fixed or variable income for a specified period of time. The payment from the company may be in a lump sum or may be monthly payments for the life of the individual. The total amount of the payments will be based on the amount deposited in the annuity by the individual, plus the earnings on those deposits over the life of the contract.
Boiler and Machinery Insurance : This coverage is often called Equipment Breakdown, or Systems Breakdown insurance. It’s insurance for damage caused by the malfunction or breakdown, not just of boilers, but of a vast array of other equipment, including air conditioning, heating, electrical, telephone and computer systems. Bond: A debt instrument of a government unit or a corporation, on which it promises to pay a fixed (or occasionally variable) rate of interest for a specified length of time and to repay the debt on a specified date. (Most bonds may also be "called," i.e., paid off prior to the specified date.) Bond Fund: A mutual fund that invests primarily in bonds and other fixed-income securities. Broker/Dealer: A firm that buys and sells mutual funds shares and other securities to the public. Bull Market: A market on a consistent rising trend.
Arbitrage: Profiting from differences in the price of one security that is traded on multiple markets. Assumability: A feature of a loan that permits you to transfer your mortgage and its specified terms to the person who is purchasing your home. Having an assumable loan could make it easier to sell your home, since assumption of a loan usually involves lower fees and/or qualifying standards for the new owner. Back-End Load: A sales charge applied when the investor exits a mutual fund. Beta (Stocks): A measure of the risk of a stock relative to the market. A beta between 0 and 1 represents a likely price change of that percentage above or below the market change. For example, a beta of .6 means the stock price is likely to move up or down 60% of the market change. Blanket Mortgage : A mortgage covering at least two pieces of real estate as security for the same mortgage. Blue Sky Laws : A body of state laws governing registration and distribution of securities. All 50 states and the District of Columbia regulate mutual funds.
Business Interruption Insurance : Coverage that reimburses a business owner for lost profits and continuing fixed expenses during business must stay closed as a result of a named peril. For example, an apartment house owner may be reimbursed for lost rents as a result of a building fire. This insurance also reimburses covered businesses forced to stay closed after such catastrophes as the February 26, 1993 bombing of New York City’s World Trade Center, and the April 29, 1992 Los Angeles riot. Buy-down: With a "temporary" buydown, a lender or the homebuilder subsidizes the mortgage by lowering the interest rate during the first few years of the loan. While the payments are initially low, they will increase when the subsidy expires. A "permanent" buydown, however, reduces the interest rate over the entire life of the loan. Call Option: A contract giving the holder of an option the right to purchase (and obligating the writer of the option to sell) a specified number of shares of the stock at the given strike price. Capital Gain: The difference between the net sales price and net cost of securities when a stock is sold for a profit.
www.plunkettresearch.com
Capital Gain Distribution: A payment to shareholders of profits realized from the disposition of a mutual fund’s investment portfolio securities.
between a lender and a borrower to loan money at a future date subject to the completion of paperwork or compliance with stated conditions.
Capital Loss: The difference between the net sales price and net cost of securities when a stock is sold at a loss.
Common Stocks: The basic unit of stock in most corporations. Common stockholders are generally paid last (after holders of debt and preferred stocks) in the event of a bankruptcy or dissolution of a company. Common stockholders typically get one vote per share of stock. However, there may be more than one class of common stock, for example, Class A and Class B, and various classes of stock may have unique privileges, such as multiple votes per share.
Cash Dividend: A dividend, based on profitability, paid in cash to the shareholders of a company. The distribution can also include capital gains and return of capital and is taxable as income. Certificate of Eligibility: The document given to qualified veterans which entitles them to VA guaranteed loans for homes, businesses and mobile homes. Certificates of eligibility may be obtained by sending Form DD-214 (Separation Paper) to the local VA office with VA form 1880 (request for Certificate of Eligibility). Closed-end Investment Company: Unlike a mutual fund, known as an open-end investment company, a closed-end investment company issues a limited number of shares that trade on a stock exchange or in the over-the-counter markets. The value of a closedend funds’ shares is determined by market supply and demand. Closing : The meeting between the buyer, seller and lender or their agents where the property and funds legally change hands. Also called "settlement." Closing costs usually include an origination fee, discount points, appraisal fee, title search and insurance, survey, taxes, deed recording fee, credit report charge and other costs assessed at settlement. The costs of closing usually are about 3% to 6% of the mortgage amount. Commercial Lines: Insurance products that are bought by businesses, as opposed to personal lines products, which are sold to individuals. Commercial Multiperil Insurance : A package policy that may include property, boiler and machinery, crime and general liability coverages. Commitment: 1) A promise by a lender to make a loan on specific terms or conditions to a borrower or builder. 2) A promise by an investor to purchase mortgages from a lender with specific terms or conditions. 3) An agreement, often in writing,
Comprehensive General Liability Insurance (CGL): Covers all liability risks of a business, except for those specifically excluded. Among the exposures covered are liability for products, completed operations, premises and operations, elevators and independent contractors. Among the exposures excluded from CGL coverage is liability for pollution damage. Construction Loan: A short-term interim loan to pay for the construction of buildings or homes. These are usually designed to provide periodic disbursements to the builder as progress with construction is made. Construction/Permanent Loan: A mortgage loan combining short-term financing of construction with the long-term financing of the completed property. Convertible Bonds : Bonds that may, usually at the investor's option, be converted into common stock at a pre-determined price. Preferred stocks may also be convertible. Covered Call: A short call option position that gives the writer ownership of the number of underlying stock shares represented by the option contracts. In general, covered calls limit the writer’s risk, as it is not necessary for the stock to be bought at the market price if the holder of the option chooses to exercise it. Covered Put: A put option position in which the writer has deposited cash or equivalents equal to the exercise of the option in a cash account. Covered puts limit the writer's risk because money or stock is already set aside. If the holder of the put option does elect to exercise the option, the writer's risk is more limited than on an uncovered or a naked put option.
www.plunkettresearch.com
Current Assets: The value of cash, accounts receivable, inventories, marketable securities and any other assets that are convertible to cash in under a year. Current Liabilities: The amount owed for salaries, interest, accounts payable and any other debts due within a year. Current Ratio : A measure of short-term debt paying ability. The ratio represents a company’s current assets divided by current liabilities. A higher ratio indicates a more liquid company. Current Yield: A ratio of the coupon rate divided by the market price of a bond or note. Custodian: The organization (usually a bank) that keeps securities for a mutual fund company. Debt/Equity Ratio: A measure of financial leverage, comparing the assets provided by creditors to those provided by shareholders. The ratio represents long-term debt divided by common stockholders' equity. Debt-to-Income Ratio: Also called the "back-end" ratio, this ratio, expressed as a percentage, is calculated by dividing a borrower's monthly payment obligations on long-term debt (including housing expense) by his or her gross monthly income. Maximum total monthly debt for conforming loans usually cannot exceed 36% of gross monthly income. For FHA and VA loans, the maximum is 41%. Also see Housing Expenses-to-Income Ratio. Deed of Trust: Similar to a mortgage, this instrument is used in many western states to pledge the home or other real estate as security for a loan. Deferred Annuity: An annuity that allows for the start of the start of payments to the individual at some future date elected by the individual. Depreciation: A method of amortizing the cost of an asset in equal dollar amounts over the useful life of an asset. For example, an item with a 5-year life would be charged with a certain amount of its cost every year for 5 years.
Derivative Security: A financial security, such as an option or future, with a value partly derived from the value and characteristics of the underlying security. Directors and Officers Liability Insurance : Covers directors and officers of a company for negligent acts or omissions or misleading statements that result in successful libel suits against the company. The coverage includes the cost of defending against such suits. Discount Points : The amount paid either to maintain or to lower the interest rate charged. Each point is equal to 1% of the loan amount. (For example, two points on a $100,000 mortgage would equal $2,000.) Dividend: The distribution to shareholders, in cash or stock, of part of a company's earnings, cash flow or capital. Dividend Reinvestment Plan: The automatic reinvestment, frequently without commissions, of shareholder dividends in additional shares of stock. Plans sometimes provide for share purchases at a discount of the market price. Dividend reinvestment plans let shareholders accumulate stock over time using dollar cost averaging. Down Payment: The difference between the purchase price and that portion of the purchase price being financed. Most lenders require the down payment to be paid from the buyer's own funds. Gifts from related parties are sometimes acceptable and must be disclosed to the lender. Earnest Money: Good faith money provided to the seller by the potential buyer to show that he or she is serious about purchasing the home. This amount can be applied to the down payment, but if the deal does not go through it may be forfeited, or in some cases returned. Earnings Per Share (EPS): A figure determined by dividing net income for the past year by the number of common shares outstanding, as reported by a company. Companies frequently use a weighted average of shares outstanding over the reporting term. Also called Primary Earnings Per Share. Effective Interest Rate : Also referred to as annual percentage rate (APR), this is the cost of interest on a
www.plunkettresearch.com
yearly basis expressed as a percentage. It includes upfront costs paid to obtain the loan and is, therefore, usually a higher amount than the interest rate stipulated in the mortgage note. Useful in comparing various loan programs that have different rates and points. Equal Credit Opportunity Act (ECOA) : A federal law that requires lenders to make credit equally available without discrimination based on race, color, religion, national origin, age, sex, marital status or receipt of income from public assistance programs. Equities: This is a term used to describe stock investments in corporations (equities) as opposed to debt investments in corporations (bonds). Equity: The value of the common stockholders' equity as listed on a company’s balance sheet. Escrow Waiver Fee: When a loan value is 80% or less, you may elect not to open an escrow account and pay the hazard insurance and property taxes yourself. There is a one-time charge by the investor of 0.25% to 0.375% of the loan amount. Escrow(s): That portion of a borrower's monthly payments held by the lender or servicer to pay for taxes, hazard insurance, mortgage insurance and other items as they become due. Also known as impound(s). Fair Credit Reporting Act: A consumer protection law that sets up a procedure for correcting mistakes on one's credit record. FHLMC (Federal National Mortgage Association): Also called "FreddieMac". A government-sponsored agency that purchases conventional mortgages from lending institutions, thus adding liquidity to the market. Fixed Annuity: An annuity purchased from an issuer that provides for fixed-dollar payments and is not tied to a portfolio of equity investments. FNMA (Federal National Mortgage Association): Like FHLMC, FNMA is a major secondary market investor that purchases mortgage loans from mortgage bankers and other financial institutions. Also known as "FannieMae".
Front-End Load: A sale s charge paid upon purchase of a mutual fund, annuity, or life insurance product. Futures Contract: An agreement to buy or sell a specified number of shares of a particular stock in a designated future month, at a price agreed upon by both buyer and seller. Futures contracts are frequently traded on the futures market. They differ from options in that options offer the right to buy or sell, while futures contracts bind the buyer and seller to an actual transaction. GNMA (Government National Mortgage Association): Also known as "GinnieMae". A government-owned corporation within the U.S. Department of Housing and Urban development (HUD) which specializes in the purchase of FHA and VA loans. Good Faith Estimate : A written estimate of closing costs that a lender must provide for the borrower within three days of submitting an application. Graduated Payment Mortgage (GPM): A type of flexible -payment mortgage where the payments increase for a specified period of time and then level off. This type of mortgage has negative amortization built into it. Growth and Income Fund: A mutual fund that has the objective of long-term capital gains combined with dividend income. Growth Fund: A mutual fund managed with the primary objective of increasing the investor’s principal. Guaranteed Investment Contracts (GICs): Popular in the early 1980s, GICs were sold to corporate profit-sharing 401(k) and pension plans. They guarantee a specific return on invested capital over the life of the contract. As interest rates fell later in the decade, some insurers sustained heavy losses on GICs that guaranteed higher rates than they could earn, and that permitted the investor to add to the original investment, at the original rate, for the life of the contract. Hedging: A strategy for reducing the risk of loss in investments involving call options, put options, short selling or futures contracts, by lessening the potential
www.plunkettresearch.com
volatility of a portfolio. Hedging helps to lock in existing profits.
Immediate Annuity: An annuity purchased with a lump sum.
Home Equity Loan: A fixed or adjustable rate loan obtained for a variety of purposes, secured by the equity in your home. Interest paid is usually taxdeductible. Often used for home improvement or the freeing of equity for investment. Home equity loans are tax-advantaged alternatives to consumer loans whose interest is not tax-deductible, such as auto or boat loans, credit card debt, medical debt and education loans.
Income Fund: A mutual fund with the primary objective of providing current income to the investor.
Homeowners Multiperil Insurance : Homeowners insurance is a package policy, providing both property and personal liability insurance. The typical comprehensive policy covers the house, garage and other structures on the property – as well as personal property inside the house – against a wide variety of perils. The number of covered perils depends on the breadth of the policy. Trees and plants are not covered against windstorm damage. (Homeowners insurance will, however, cover damage to a house caused by a tree that fell in a windstorm.) The typical homeowners policy includes theft coverage on personal property whether it is at the home, or has been carried away from the home by the owner, such as luggage on a vacation. Homeowners insurance also will reimburse a policyholder for the cost of renting elsewhere while his or her house is being repaired after a fire or other disaster. The policy’s liability insurance covers the homeowner for accidental injuries to third parties -- for example, if a visitor receives a broken leg by tripping on a piece of sidewalk. Housing Expenses-to-Income Ratio: Also known as the "front-end" ratio. This ratio is used in evaluating the income of a potential borrower and is calculated by dividing the anticipated housing expense by the gross monthly income of the borrower. In general, front-end ratios cannot exceed 28% on conforming loans and 29% on FHA loans. Front-end ratios are not considered in qualifying for VA loans. HUD-I Settlement Statement: A form utilized at loan closing to itemize the costs associated with purchasing the home. Used universally by mandate of HUD, the Department of Housing and Urban Development.
Index Fund: These mutual funds invest in a specific stock index, such as the Standard & Poor's 500, or the Wilshire 5000. This requires no special investment acumen on the part of the investment managers, because they simply buy a balanced collection of the stocks that make up the particular index. For the investor, this provides tremendous diversification, and makes the value of the fund easy to follow and understand--if the S&P is up three points, so is a fund that invests only in that index. Individual Retirement Account (IRA): An investor-established, tax-deferred account set up to hold funds until retirement. Initial Public Offering (IPO): A company's first effort to sell its stock to investors (the public). Stocks offered in many IPOs are eagerly sought by investors in an up-trending market because the stocks of newly-public companies that seem to have great promise may appreciate very rapidly in price, reaping great profits for those who were able to get the stock at the first offering. Insider Information: Pertinent information regarding a pre-IPO company. However it is received, it is illegal for holders to make trades based on this information. Jumbo Loan: Also known as "non-conforming" loans, mortgage loans over $308,700 are considered jumbo and are subject to different underwriting criteria. The benchmark loan amount is evaluated on a yearly basis by FNMA and adjusted accordingly. Interest rates on jumbo loans are generally .25% higher than their conforming counterparts. LIBOR (London Interbank Offered Rate): The interest rate charged among banks for short-term Eurodollar loans. A common index for adjustable rate mortgages. Life Annuity: An annuity that ceases payments upon the death of owner (annuitant).
www.plunkettresearch.com
Life Annuity with Period Certain: A life annuity with a guarantee that payments will continue for a set number of years. If that annuitant dies before the period of time has expired, payments will be made the heirs for its duration.
close the loan and receive the funds you have borrowed.
Liquidity: The ease with which an asset can be converted into cash. For example, publicly-traded stocks in major corporations have high liquidity because they can readily be sold at a known price on short notice.
Long-Term Fund: A mutual fund that invests primarily in securities with maturities of more than one year.
Load: The sales fee charged when a person invests in a fund sold exclusively by stockbrokers and financial planners. Some funds charge back-end load, which are fees withheld when the investor sells shares. Load Fund: A mutual fund with shares sold at a price with a sales charge, usually between 4 % and 8% of the indicated net amount. Some “no-load funds” have lower distribution fees, typically 0.25%. A true no-load fund has neither fee. The implication of a load is that that the purchaser of the fund receives investment advice or some other service worth the charge. Loan Application Fee: A lender's fee, usually ranging from $75 to $300, which the buyer must pay when applying for a mortgage. Loan Origination Fee: A fee charged by the lender for processing a mortgage. The industry standard is 1% of the loan amount, but if the application is taken over the Internet, it is commonly reduced to 0.5% or even zero, depending on the lender. Loan to Value Ratio (LTV): An underwriting ratio determined by dividing the sales price or appraised value into the loan amount, expressed as a percentage. For example, with a sales price of $100,000 and a mortgage loan of $80,000, your loan to value ratio would be 80%. Loans with an LTV over 80% usually require Private Mortgage Insurance and escrows. Lock or Lock In: A commitment you obtain from a lender assuring you a particular interest rate or feature for a definite time period. Provides protection should interest rates rise between the time you apply for a loan, acquire loan approval and, subsequently,
Long Term Debt: The value of obligations of more than a year requiring interest to be paid.
Malpractice Insurance : A professional liability coverage that insures physicians, lawyers and other specialists against suits alleging that their negligence and/or errors and omissions have harmed their clients. Management Fee: The amount paid by a mutual fund for an investment adviser’s services. Margin Account (Stocks): A leverageable account in which a combination of cash and a loan can be used to buy stocks. The loan in a margin account is collateralized by the stock. In the event that the stock’s value drops by a sufficient degree, the owner is asked either to put more cash into the account or to sell part of the stock. Market Capitalization: The total dollar value of all outstanding shares; an indicator of corporate size. The figure is the product of shares and current market price. Maximum Capital Appreciation Fund: A mutual fund with the objective of maximizing capital appreciation by aggressively investing in new issues, start-up companies, and out-of-favor stocks. This is an aggressive "growth fund." MBS (Mortgage Backed Security): An investment tool that represents ownership of an undivided interest in a group of mortgages. Principal and interest from the individual mortgages are used to pay principal and interest on the MBS. Lenders sometimes form MBSs to sell loans into the secondary market. MIP (Mortgage Insurance Premium): Insurance purchased by the borrower to insure the lender or the government against loss should you default. MIP is paid on government-insured loans (FHA or VA loans) regardless of your LTV (loan to value). Should you pay off a government-insured loan in advance of
www.plunkettresearch.com
maturity, you may be entitled to a small refund of MIP. PMI, or Private Mortgage Insurance, is paid on those loans which are not government-insured and whose LTV is greater than 80%. When you have accumulated 20% of your home's value as equity, your lender may waive PMI at your request. Please note that such insurance does not constitute a form of life insurance that pays off the loan in case of death. Money Market Funds : A mutual fund that specializes in investing in short-term securities, typically bonds and commercial paper with a duration of 30 days to 180 days. These funds usually offer to the investor a low initial investment, with some check-writing privileges, and are used to park shortterm cash. Mortality Guarantee: Provision of an annuity in which the issuer agrees to continue payments even if the annuitant lives longer than the mortality table predicted. Mortgage Banker: An individual who specializes in originating and servicing loans. Mortgage bankers typically sell some or all of their loans to investors but may continue to service them. Also see Mortgage Broker. Mortgage Broker: An individual in the business of assisting in arranging funding or negotiating contracts for a client. In contrast to a mortgage banker, a broker does not actually loan the money. Brokers usually charge a fee or receive a commission for their services. Municipal Bond: Debt securities issued by a state or local government; or a public agency such as a utility district or hospital district. The income is exempt from federal income taxes and is frequently exempt from state income taxes. Municipal Bond Fund: A mutual fund that specializes in investing in municipal bonds. Mutual Fund: An investment company that pools money from shareholders and invests in a variety of securities including stocks, bonds, and money market instruments. A mutual fund stands ready to buy back (redeem) its shares at their current net asset value, which depends on the total market value of the fund’s investment portfolio at the time of redemption. (See "Net Asset Value.") As open-end investments, most
mutual funds continuously offer new shares to investors. Mutual Funds : An investment company that pools money from shareholders to invest in a variety of securities. Negative Amortization: Amortization in which the payment made is insufficient to fund complete repayment of the loan at its termination. Usually occurs when the increase in the monthly payment on an ARM is limited by a ceiling. The portion of the payment that should be paid is added to the remaining balance owed. The balance owed may increase rather than decrease at various times in the life of the loan. Net Asset Value (NAV): A mutual fund's price-pershare, which represents the market value of its portfolio (net of liabilities), divided by the number of shares outstanding. For example, a mutual fund that owns shares with a total value of $1,000,000 that has issued 100,000 shares to its investors will have an NAV of $10 per share. Net Income : A company's total earnings. The figure reflects revenues adjusted for costs of business operations, depreciation, interest, taxes and various other expenses. No-fault: No-fault is a system in which each driver’s auto insurance coverage pays for his or her own injuries, no matter who caused the accident. Currently, 14 states and Puerto Rico have some form of no-fault law. No-load Fund: A mutual fund that is purchase directly from the management company without a sales charge. Option: Gives a buyer the right to purchase or sell stock at a specified price on or by a given date. Options are issued by investors, not companies. Call options are bought by investors who believe the stock’s price will rise above the strike price (the price set by the option) plus the price paid for the option itself. Put options are bought by investors who believe the stock's price will drop below the strike price. Pension Benefit Guaranty Corporation (PBGC): A federal government fund created by the Employee
www.plunkettresearch.com
Retirement Income Security Act (ERISA) of 1974. It guarantees that the vested benefits of employees whose pension plans have been terminated will be paid as they come due. (Coverage is not unlimited. The PBGC pays benefits only up to specified amounts.) PITI: Principal, interest, taxes and insurance, which comprise your monthly mortgage payment. Pollution Insurance: Insurance policies specifically covering losses and liabilities arising from damages caused by pollution. Pool: A group of insurers or reinsurers that together underwrite a particular risk, sharing premiums, losses and expenses according to a predetermined agreement. Portfolio: A collection of securities (stocks or bonds) owned by an individual or an institution such as a mutual fund. Preferred Stocks: Stocks that differ from common stocks in that 1) Preferred stocks pay a dividend, and 2) Preferred stockholders rank above common stockholders for payment of dividends or distribution of assets. 3) Preferred stocks are also sometimes convertible -- see "Convertible Bonds." Pre -paid Expenses: Necessary to create an escrow account or to adjust the seller's existing escrow account. This may include taxes, hazard insurance, private mortgage insurance and special assessments. Pre -paid Interest: The amount of interest to cover the period from close of escrow until the beginning of the first payment. Pre -payment: The unscheduled payment of all or part of the outstanding principal of a mortgage loan, including payments by the borrower as well as liquidations from foreclosures, condemnations or casualty. Pre -payment Penalty: A penalty found in a promissory note, imposed by the lender if the loan is paid before it is due. Pre -payment Risk: The possibility that the mortgages underlying a mortgage-backed security are repaid faster or more slowly than expected.
Pre-qualification: The process of determining how much money a prospective home buyer will be eligible to borrow before applying for a loan. Price/Book Ratio : A figure comparing a stock's market value to the value of total assets minus total liabilities. The figure represents current price divided by common stockholders' equity per share, adjusted for stock splits. Also known as Market-to-Book. Price/Earnings Ratio: A figure showing the "multiple" of earnings at which a stock sells. The ratio represents current price divided by current earnings per share, adjusted for stock splits. Earnings per share is calculated by dividing earnings for the past year by the number of common shares outstanding. Higher "multiple" corresponds to higher investor expectations for future growth and consequent higher stock price. Price/Sales Ratio : A figure representing a stock's current price divided by revenue per share, adjusted for stock splits. Revenue per share is calculated by dividing revenue for the past year by number of shares outstanding. Private Mortgage Insurance (PMI): See MIP. Processing Fee: A fee paid at closing. The processor is the person who handles all paperwork requirements in getting your loan approved. He or she obtains verifications from your bank, employer and other sources. Product Liability: A section of tort law that determines who may sue and who may be sued for damages when a defective product injures someone. Professional Liability Insurance: Covers specialists, such as accountants, lawyers, doctors, dentists, pharmacists and insurance brokers and agents for negligence and/or errors and omissions that injure their clients. (See Malpractice Insurance) Program Trading: Trades based on computer program signals, typically entered directly from a trader's computer to the market's system and automatically executed. Property Insurance: Covers against losses caused by specified perils, including fire, windstorm, hail,
www.plunkettresearch.com
explosion, riot, vandalism, malicious mischief, riot and civil commotion, and smoke.
to shareholders. Investors generally buy shares in REITs with a two-fold purpose
Property/Casualty Insurance : Property insurance covers damage to or loss of the policyholder’s property. The terms casualty and liability insurance often are used interchangeably; both cover the policyholder’s legal liability for damages caused to other persons and/or their property – i.e., damage to third parties, which is why casualty insurance is sometimes called third-party coverage. But casualty insurance has a broader meaning than liability insurance, because it also encompasses plate glass, burglary, theft and workers compensation coverages.
Redemption Price : The amount per share that mutual fund shareholders receive when they cash in shares.
Prospectus : The descriptive legal documents a mutual fund or a company selling its stocks or bonds must provide to potential investors. The content of a prospectus is regulated by, and must be approved by, the federal Securities and Exchange Commission, and by various state securities agencies in the states where the securities are to be offered. Proxy: A document providing shareholders with necessary information for voting on matters to be raised at a stockholders' meeting. The document includes information on closely held shares. Shareholders often give management their proxy, exercising the right and responsibility to vote their shares as laid out in the statement. Put Option: An option contract giving the holder the right to sell and obligating the writer to purchase a set number of shares of the underlying stock at the given strike price, on or by a set date. Quick Ratio : A measure of the financial strength of a company. The figure is determined by dividing current assets less inventories by current liabilities. Also known as Acid Test. Real Estate Investment Trust (REIT): REITs work in a manner very similar to mutual funds in that money from several investors is pooled together to jointly own real estate. Many REITs specialize in a: 1) To earn current income, and 2) For long-term capital gains on appreciation in value of the real estate in the REIT. specific type of real estate, for example shopping centers or apartments. REITs differ from mutual funds in that they are required to distribute almost all of their income annually, directly
Registered Representative: Securities professionals who must pass a qualifying examination and meet other qualifications of the National Association of Securities Dealers (NASD). Reinsurance : Insurers buy insurance, too. It’s called reinsurance. A reinsurer assumes part of a risk – and part of the premium – originally taken by the insurer, which is called the primary company. Reinsurance effectively increases an insurance company’s capital and therefore its capacity to sell increased amounts of coverage. Reinsurers have their own reinsurers, called retrocessionaires. Reinsurance is a global business. Some of the world’s biggest reinsurance companies are European and Asian firms. The billions of dollars worth of risk assumed by the American insurance industry are spread across an international network of reinsurance and retrocession. Reinvestment: The process of using dividends from a stock or mutual fund to buy more shares of the same type. RESPA (Real Estate Settlement Procedures Act): A federal law that allows consumers to review information on known or estimated settlement costs once after application and once again prior to or at a settlement. The law requires lenders to furnish the information after application only. Right of Rescission: The legal right to void or cancel your mortgage contract in such a way as to treat the contract as if it never existed. Right of rescission is not applicable to mortgages made to purchase a home, but may be applicable to other mortgages, such as cash-out refinances. Risk Management: Management of the varied risks to which a business firm or association might be subject. It involves analyzing all exposures to gauge the likelihood of loss, and choosing among the options to minimize that loss. Many major companies have risk managers on their payrolls. These risk managers may evaluate insurance proposals form a variety of companies prior to choosing a policy and
www.plunkettresearch.com
carrier. They may also choose to self-insure against certain losses.
Sweat Equity: Equity created by a purchaser performing work on a property being purchased.
Secondary Market: A market providing for previously owned securities to be bought or sold. This market is where the majority of trading occurs. The New York Stock Exchange, all other stock exchanges and the bond markets are secondary markets.
Tax-deferred Investment: Earning on tax-deferred investments are not taxed until the owner starts to make withdrawals or redeems the investment without reinvesting. Deferring income taxes allows investors to have more money earning income until the taxes are due. Tax-deferred investments include 401 (k) savings plans, and annuities.
Sector Fund: These funds invest solely in a specific sector of the economy. For example, sector funds are available in the areas of oil and gas, timber, internet service companies, biotechnology firms, and a host of other choices.
Tax-exempt Securities: Debts that are issued by state and local governments and are free of federal taxes. (See "Municipal Bonds.")
Securities Exchange Commission (SEC): The U.S. Government agency that oversees and regulates the sale and management of securities and investments. All 50 states also have regulatory bodies of their own.
Three/Two (3/2) Option: An alternative financing plan that enables households whose earnings are no more than 100% of the median income in their regional area to make a 3% down payment with their own funds, coupled with a 2% gift from a relative or a 2% grant or unsecured loan from a nonprofit agency or state or local government program.
Security (Securities): "Security" is a common name for a stock, bond, debt instrument, preferred stock or other investment unit sold by a company, a mutual fund or a government. Selling Short: An investment strategy practiced when an investor thinks the price of a stock is going down. The investor borrows the stock from a broker and sells it, eventually buying it back on the open market at a lower price than it was sold for. Servicing: The steps and operations a lender performs to keep a loan in good standing, such as the collection of payments, payment of taxes, property inspections and the like. Servicing also includes the follow up of delinquent payments and foreclosure, if necessary. Servicing companies charge a fee to the investor that actually owns the loan. Strike Price: The stated price per share at which underlying stock can be bought, in the case of a call option, or sold, in the case of a put option, by the holder when the option contract is exercised. Surplus Lines: Property/casualty coverage that isn’t available from insurers licensed by the state – called admitted insurers – and must be purchased from a non-admitted carrier. Surplus lines is coverage that often is sold by only a few carriers. An example is environmental liability insurance.
Title Examination Fee: A fee paid at closing. A title examination protects the investor in case of future title problems. A borrower will have the opportunity to purchase his or her own title insurance at a significantly reduced cost at the time of closing. Title Insurance (Title Policy): Insurance to protect the lender (lender's policy) or the buyer (owner's policy) against loss arising from disputes over ownership of a property. Title Search: A check of the title records to ensure that the seller is the legal owner of the property and that there are no liens or other claims outstanding. Total Return: The actual increase or decrease in the value of a mutual fund investment or a portfolio of stocks or bonds over a specific period of time. This includes capital appreciation and dividends. Transfer Agent: An agent of a mutual fund or security whose duties include issuing new shares, canceling redeemed shares, and distributing the dividends and capital gains. Truth-in-Lending Act: A federal law that requires lenders to fully disclose, in writing, the terms and conditions of a mortgage, including the APR and other charges.
www.plunkettresearch.com
Underwriting: The reviewing of a loan file to determine the applicant's ability to meet the monthly mortgage obligation. The fee for this process is paid at closing. Universal Life Insurance : A flexible premium policy that combines protection against premature death with a savings account that typically earns a money market rate of interest. Utilization Review: A program included in many health care benefit plans, in which medical treatments or hospital stays ordered by the insured person’s medical providers are reviewed by the benefits provider (typically the insured’s employer) or a thirdparty acting on its behalf (typically an HMO- Health Maintenance Organization). The review assesses whether treatment is medically appropriate and in accordance with generally accepted standards of medical practice. The intent of utilization review is to reduce the total cost of an illness. Variable Annuity: An annuity funded by a separate account that invests in mutual funds, bonds or the stock market. Variable Life Insurance : A policy that combines protection against premature death with a savings account that can be invested in a variety of stock, bond and money market mutual funds, at the policyholder’s direction. Volatility: Fluctuation in value or price. An investment with high volatility may pose higher risk. Examples include newly-issued stocks in IPOs (initial public offerings), and investments in commodities. Whole Life Insurance : The oldest kind of cash value life insurance, which combines protection against premature death with a savings account. Workers Compensation: Workers compensation insurance relates to injuries received on the job. It pays for medical care and physical rehabilitation of injured workers and replaces their lost wages while they’re unable to work. Yield: The percentage rate of return paid on a stock in dividends or the rate of interest paid on a bond or note.
Yield to Maturity: A measure of the total return on a long-term bond. The yield is approximated by dividing the adjusted interest by the average price.
www.plunkettresearch.com
INTRODUCTION PLUNKETT'S FINANCIAL SERVICES INDUSTRY ALMANAC 2002-2003 is the third edition of our guide to the financial services field, designed to be used as a comprehensive, one-stop source for researchers of all types. For purposes of this book, we consider "financial services" to cover financial products and services providers, such as banks, savings associations, insurance companies, investment bankers, investment managers, securities brokers, finance companies and credit card issuers, along with related support businesses such as transaction clearing, financial data publishing, credit bureaus, software and online services. The data and areas of interest covered are intentionally broad, ranging from the various sectors of the American financial services industry, to statistical trends, to emerging technology, to an indepth look at 500 major, U.S.-based, for-profit firms within the many industries that make up the financial services system. This reference book is designed to be a general source for researchers. It is especially intended to assist with market research, strategic planning, employment searches, contact or prospect list creation (be sure to see the export capabilities of the accompanying CD-ROM that is available to book and
eBook buyers) and financial research, and as a data resource for executives and students of all types. PLUNKETT'S FINANCIAL SERVICES INDUSTRY ALMANAC 2002-2003 takes a rounded approach for the general reader. This book presents a complete overview of the entire financial services business (see "How To Use This Book"). For example, acquisitions and consolidations of banks and insurance firms are covered in detail, along with easy-to-use tables on all facets of the Financial Services industry, from mortgages and online banking to the names and descriptions of the divisions and affiliates of the major firms within this field. THE FINANCIAL SERVICES 500 is our unique grouping of 500 of the biggest, most successful corporations in all segments of the American financial services Industry. Tens of thousands of pieces of corporate information, gathered from a wide variety of sources, are presented in a unique form that can be easily understood. This book includes thorough indexes to THE FINANCIAL SERVICES 500, by geography, industry, sales, brand names, subsidiary names and many other topics. Especially helpful is the way in which PLUNKETT'S FINANCIAL SERVICES INDUSTRY ALMANAC readily enables readers who have no business background to compare the financial records and
1
2
www.plunkettresearch.com
growth plans of large financial services companies and major industry groups. You will see the mid-term financial record of each firm, along with the impact of earnings, sales and strategic plans on each company's potential to fuel growth, create new technologies and provide lucrative and lasting investment and employment opportunities. No other source provides this book's easy-tounderstand comparisons of growth, expenditures, occupations, technologies, corporations, research and many other items of great importance to people of all types who may be studying financial services, one of the fastest growing industries in the world today and one of the fields in which U.S. firms excel on a global basis.
the financial services field. Such events may have created significant change, subsequent to the publishing of this book, within a company you are studying. •
Some of the companies in the Financial Services 500 are so large in scope and in variety of business endeavors conducted within a parent organization that we have been unable to completely list all subsidiaries, affiliations, divisions and activities within every firm's corporate structure.
•
This volume is intended to be a general guide to a vast industry. That means that researchers should look to this book for an overview and, when conducting in-depth research, should contact the specific corporations or industry associations in question for the very latest changes in data. Where possible, we have listed contacts, toll-free telephone numbers and World Wide Web site addresses for the companies, government agencies and industry associations involved so that the reader may get further details without unnecessary delay.
•
Tables of industry and economic statistics used in this book include the latest numbers available at the time of printing, generally through the end of 2000. In a few cases, however, you will note tables ending with 1999 or with mid-2000.
•
We have used exhaustive efforts to locate and fairly present accurate and complete data. However, when using this book or any other source for business and industry information, the reader should use caution and diligence by conducting further research where it seems appropriate. We wish you success in your endeavors, and we trust that your experience with this book is both satisfactory and productive.
By scanning this book's data groups and unique indexes, you can find the best information to fit your personal research needs. Major growth companies in financial services are ranked, using different groups of specific criteria. Which firms have the highest revenues? Which companies earn the most profits? These things and more are easy for the reader to find. In addition to individual company profiles, an overview of online services and other major trends is provided. This book's job is to help you sort through easy-to-understand summaries of today's financial services products, services and trends in a quick and effective manner. Whatever your purpose for researching the financial services field, you will find this book to be a valuable guide. Nonetheless, as is true with all reference resources, this volume has limitations that the reader should be aware of: •
•
Financial data and other corporate information can change quickly. A book of this type can be no more current than the data that was available at the time of editing. Consequently, the financial picture, management and ownership of the firm(s) you are studying may have changed since the date of this book. For example, this almanac includes the most up-to-date sales figures and profits available to the editors as of late 2001. That means that we have typically used figures as of December 31, 2000 or for a fiscal year that ended in the middle of 2001. Corporate mergers, acquisitions and downsizing are occurring at a very rapid rate, particularly in
Jack W. Plunkett Houston, Texas February, 2002
www.plunkettresearch.com
HOW TO USE THIS BOOK
The two primary sections of this book are devoted first to the financial services industry as a whole, and then to the "Individual Data Listings" for THE FINANCIAL SERVICES 500. If time permits, you should begin your research in the front chapters of this book. Also, you will find lengthy indexes in Chapter 8 and in the back of the book. THE FINANCIAL SERVICES INDUSTRY Chapter 1: An Overview of the Financial Services Industry. This chapter presents an overview of the markets, statistics and trends of the financial services industry. These trends range from mergers and consolidations to advanced technologies. Several tables accompany this chapter. Chapter 2: A Short List of Important Financial Services Industry Contacts — Addresses, Telephone Numbers and World Wide Web Sites. This chapter covers contacts for important government agencies, financial services organizations and trade groups. Included are several important World Wide Web sites, as well as the Federal Reserve Bank System's branches. Chapter 3: Banking. This chapter gives a detailed look at banking and the many changes affecting this industry, including recent regulatory matters. Several tables are included. Chapter 4: Insurance. This chapter covers the American insurance industry in general terms, including changes in marketing and technology.
Chapter 5: Mutual Funds, Annuities and Retirement Plans . This chapter includes valuable information on the asset management industry and the types of mutual funds, investments and retirement plans that are most commonly used. Chapter 6: Financial Information Technologies and Financial Services Online . This chapter deals with the growing use of the Internet and the World Wide Web to complete important financial transactions, as well as trends in hardware, software and information technologies used by financial institutions. Chapter 7: Residential Mortgages. An indepth discussion of trends, factors and methods in the residential mortgage business. THE FINANCIAL SERVICES 500 Chapter 8: The Financial Services 500: Who They Are and How They Were Chosen. The 500 companies compared in this book were carefully selected from all financial services industry sectors, on a nationwide basis. For a complete description see Chapter 8: THE FINANCIAL SERVICES 500. Individual Data Listings: Look at one of the companies in THE FINANCIAL SERVICES 500’s Individual Data Listings. You will find the following information fields: Company Name: The company profiles are in alphabetical order by company name. If you do not find the company you are seeking, it may be a subsidiary or division of one
3
4
www.plunkettresearch.com
of the firms covered in this book. Try looking it up in the Index by Subsidiaries, Brand Names and Selected Affiliations in the back of the book. Ranks: Industry Group Code: An NAIC code used to group companies within like segments. (See Chapter 8 for a list of codes.) Ranks Within THE FINANCIAL SERVICES 500: The companies are ranked, among firms in their industry group codes, for annual sales and annual profits, with 1 being the highest rank. Types of Business: A listing of the types of business specialties conducted by the firm. Brands/Divisions/Affiliations: Major brand names, operating divisions or subsidiaries of the firm, as well as major corporate affiliations – such as another firm that owns a significant portion of the company’s stock. A complete Index by Subsidiaries, Brand Names and Selected Affiliations is in the back of the book. Contacts: The names and titles of up to 24 top officers of the company are listed, including human resources contacts. Address: The firm’s full headquarters address, the headquarters telephone, plus toll-free and fax numbers where available. Also provided is the World Wide Web site address. Financials: Annual Sales (2001 or the latest fiscal year available to the editors, plus up to four previous years): These are stated in thousands of dollars (add three zeros if you want the full number). This figure represents consolidated worldwide sales from all operations. 2001 figures may be estimates or may be for only part of the year—partial year figures are appropriately footnoted. Annual Profits (2001 or the latest fiscal year available to the editors, plus up to four previous years): These are stated in thousands of dollars (add three zeros if you want the full number). This figure represents consolidated, after-tax net profit from all operations. 2001 figures may be estimates or may be for only part of the year—partial year figures are appropriately footnoted. Total Number of Employees: The approximate total number of employees, worldwide, as of the beginnin g of 2001 (or the latest data available to the editors). Apparent Salaries/Benefits: A “Y” in appropriate fields indicates “Yes.”
Due to wide variations in the manner in which corporations report benefits to the U.S. Government’s regulatory bodies, not all plans will have been uncovered during our effort to research this data. Also, the availability of such plans to employees will vary according to the qualifications that employees must meet to become eligible. For example, some benefit plans may be available only to salaried workers—others only to employees who work more than 1,000 hours yearly. Benefits that are available to employees of the main or parent company may not be available to employees of the subsidiaries. NOTE: Generally, employees covered by wealthbuilding benefit plans do not fully own (“vest in”) funds contributed on their behalf by the employer until as many as five years of service with that employer have passed. Pension Plan: The firm offers a pension plan to qualif ied employees. The type and generosity of these plans vary widely from firm to firm. Caution: Some employers refer to plans as “pension” or “retirement” plans when they are actually 401(k) savings plans that require a contribution by the employee. True pension plans are rarely offered. ESOP Stock Plan (Employees’ Stock Ownership Plan): This type of plan is in wide use. Typically, the plan borrows money from a bank and uses those funds to purchase a large block of the corporation’s stock. The corporation makes contributions to the plan over a period of time, and the stock purchase loan is eventually paid off. The value of the plan grows significantly as long as the market price of the stock holds up. Qualified employees are allocated a share of the pla n based on their length of service and their level of salary. Savings Plan, 401(k): Under this type of plan, employees make a tax-deferred deposit into an account. In the best plans, the company makes annual matching donations to the employees’ accounts, typically in some proportion to deposits made by the employees themselves. A good plan will match one-half of employee deposits of up to 6% of wages. For example, an employee earning $30,000 yearly might deposit $1,800 (6%) into the plan. The company will match one-half of the employee’s deposit, or $900. The plan grows on a tax-deferred basis, similar to an IRA. A very generous plan will match 100% of employee deposits. However, some plans do not call for the employer to make a matching deposit at all. Other plans call for a matching contribution to be made at the discretion of the firm’s board of directors. Actual
www.plunkettresearch.com
terms of these plans vary widely from firm to firm. Generally, these savings plans allow employees to deposit as much as 15% of salary into the plan on a tax-deferred basis. However, the portion that the company uses to calculate its matching deposit is generally limited to a maximum of 6%. Stock Purchase Plan: Qualified employees may purchase the company’s common stock at a price below its market value under a specific plan. Typically, the employee is limited to investing a small percentage of wages in this plan. These plans usually offer a 15% discount, but the discount may range from 5 to 15%. Some of these plans allow for deposits to be made through regular monthly payroll deductions. Profit Sharing: Qualified employees are awarded an annual amount equal to some portion of a company’s profits. In a very generous plan, the pool of money awarded to employees would be 15% of profits. Typically, this money is deposited into a long-term retirement account. Caution: Some employers refer to plans as “profit sharing” when they are actually 401(k) savings plans. True profit sharing plans are rarely offered. Highest Executive Salary: The highest executive salary paid, typically a 2000 amount (or the latest year available to the editors) and typically paid to the Chief Executive Officer. Highest Executive Bonus: The apparent bonus, if any, paid to the above person. Second Highest Executive Salary: The nexthighest executive salary paid, typically a 2000 amount (or the latest year available to the editors) and typically paid to the President or Chief Operating Officer. Second Highest Executive Bonus: The apparent bonus, if any, paid to the above person.
Competitive Advantage: A brief statement regarding an outstanding feature that gives the firm an edge in the marketplace. Other Thoughts: A “Y” in appropriate fields indicates “Yes.” Stock Ticker: When available, the unique stock market symbol used to identify this firm’s common stock for trading and tracking purposes. Apparent Women Officers or Directors: It is difficult to obtain this information on an exact basis, and employers generally do not disclose the data in a public way. However, we have indicated what our best efforts reveal to be the apparent number of women who either are in the posts of corporate officers or sit on the board of directors. There is a wide variance from company to company. Hot Spot for Advancement for Women/ Minorities: These are firms that either have posted a far above-average number of women and/or minorities to high posts, or that have a good record of going out of their way to recruit, train, promote and retain women or minorities. (See the Index of Hot Spots For Women and Minorities in the back of the book.) Growth Plans/ Special Features: Listed here are observations regarding the firm’s strategy, hiring plans, plans for growth and product development, along with general information regarding a company’s business and prospects. Locations: A “Y” in the appropriate field indicates “Yes.” Primary locations outside of the headquarters, categorized by regions of the United States and by international locations. A complete index by locations is in this chapter.
5
6
www.plunkettresearch.com
www.plunkettresearch.com
7
Chapter 1 AN OVERVIEW OF THE FINANCIAL SERVICES INDUSTRY Markets, Statistics and Trends
Note: The major statistical tables section in this chapter begins on p. 13. For in-depth analysis and statistics by sector, see the following chapters: Banking p. 63 Insurance p. 71 Mutual Funds, Retirement Plans p. 75 Financial Information Technologies and Financial Services Online p. 85 Mortgages p. 95 After several months of downtrodden markets and sliding corporate earnings topped by the devastating terrorist attacks on New York City’s financial district on September 11, 2001, the financial services industry as a whole is hoping for better times in 2002. The Standard & Poor’s 500, a broad gauge of leading U.S. stocks, was down about 10% for 2001, while the Nasdaq, which includes stocks issued by many of the nation’s leading technology-based companies, was down about 20%.
Trends: Securities Brokers/Investment Bankers: The End of the Glass-Steagall Act: The Banking Act of 1933, frequently referred to by the names of its authors Glass and Steagall, made it illegal for banks and securities firms (investment banks) to have the same ownership. In 1999, the Gramm-LeachBliley Act, also known as the Financial Services Modernization Act of 1999, removed this 60-year-old barrier. From 1999 to late 2001, there were more than 300 mergers involving U.S. securities firms, according to the Securities Industry Association (www.sia.com). One-third of these mergers involved banks, and one-third involved a foreign acquirer. Securities Industry Revenues, Profits Fell in 2001: Profits at U.S. stock brokerages were down about 50% on domestic operations in 2001, to $10.2 billion.
8
www.plunkettresearch.com
2000 had been a record year for profits at $21.0 billion. Revenues were down about 19%, to $198.3 billion from 2000’s $245.2 billion, according to the Securities Industry Association. Employment in the industry dropped by about 26,000 to 750,000. Banking: For complete trends, see Chapter 3-Banking. Adding Convenience : Banks are taking services to the customers, adding alternative locations such as branches in supermarkets and spreading their presence via tens of thousands of ATMs. Mergers and Acquisitions : Banking firms of all sizes, from tiny community-based savings associations to vast, national bank holding companies, continue to merge, seeking marketing opportunities and operating efficiencies. Completed mergers lead to consolidation of back-office support services, elimination of duplicated support staff positions and the elimination of many duplicated branch locations. Emergence of True National Bank Chains : Megamergers have built Bank of America, Wells Fargo, Bank One and other giant bank holding companies into operators of the first truly nationwide or regionwide bank chains. In the same way that giant retail chains have gained marketing clout, buying power and operating efficiencies by building nationwide chains of stores, banks are seeking competitive and operating advantages by merging into immense banking systems spanning numerous states at once. International Bank Holding Companies Span Multiple Continents : Companies like Citigroup of the U.S., BNP Paribas Group of France and HSBC of China are acquiring banks throughout North America, Europe, Asia and elsewhere, becoming global banking giants. Extension of Services: Banks of all types and sizes are adding to the list of services they attempt to market to customers. In this manner, they hope to retain assets, increase customer loyalty and add highly profitable fee income. Such services include private banking, retirement product sales, stock brokerage, trust services and more. Banks Go Online : Banks have learned that combining the convenience of telephone and online banking with a chain of branch locations allows them
to fill the entire range of customer needs. This is similar to the trend among major retailers of creating synergies between bricks and clicks, combining ecommerce, catalog sales and physical stores. ATMs Evolve from Cash-Dispensing Machines into Financial Services Depots : State-of-the-art Automated Teller Machines now enable customers to log in and view their accounts, order additional bank services and even conduct fee-generating consumer purchases. Retailers, Automobile Makers Become Bankers : In March 2000, upscale department store giant Nordstrom took the unusual step of converting its Englewood, Colorado limited-purpose credit card bank into a full-service savings association based in Scottsdale, Arizona. (Nordstrom will offer checking accounts, Visa cards and other services to its customers, but does not plan to open branch banks.) Competitor Federated Department Stores obtained a bank charter in 1999 and soon announced plans to install ATMs and banking kiosks in hundreds of department stores. Wal-Mart leases branch bank space within its stores to banking companies, including Arvest, a bank controlled by the family that founded Wal-Mart. Meanwhile, major automobile manufacturers, including General Motors, Volkswagen and BMW, are preparing to add banking services to the financing and insurance services that they already offer to millions of car buyers. The Number of Banks Continues to Decline, both in the U.S. and Abroad: The bank count in the United States dropped from 15,304 in 1990 to 10,070 by 1999. Italy, France, the U.K. and Germany saw similar declines. Credit Cards : The credit card business remains extremely competitive. Major firms Capital One Financial and MBNA are estimated by The Wall Street Journal to have mailed out 5 billion new credit card offers in 2001, up from 2.5 billion in 2000. Insurance : For complete trends, see Chapter 4-Insurance. Mergers and Acquisitions : Insurance company mergers continued at a rapid pace in 2000 and 2001. SNL Financial (www.snl.com) reports 201 mergers industry-wide during the first nine months of 2001, at a combined value of $61.1 billion. This includes property and casualty, life and health, broker and
www.plunkettresearch.com
agency and managed health care insurance deals. The total value is nearly three times the $20.4 billion in mergers during the same period of 2000, covering 247 deals. However, property and casualty mergers represented only a tiny amount of deal flow during 2001, subsiding from a previously heavy pace, while life and health mergers made up the bulk of recent transactions. Property and Casualty Underwriters Endured their First-Ever Full-Year Loss in 2001: This occurred as a result of competitive rate structures and catastrophic losses. Banks and e -Commerce are Rapidly Gaining Market Share in the Sale of Insurance : Meanwhile, the total share of insurance sold thorough traditional agents is dropping. In addition, direct marketing, including direct mail and other forms of advertising, continues to hold significant market share. Mutual Companies Convert to Publicly Held Stock Companies: Another accelerating trend is the “demutualization” or conversion of mutual companies into stock companies. Simply put, a mutual company is largely owned by the customers who buy its insurance policies. Conversion enables the company to distribute its assets in the form of shares and typically leads to an IPO (initial public offering) of the company’s stock with the potential to enrich the stockholders. Some of the best-known names in the U.S. insurance industry, such as John Hancock, have completed such conversions. Mortgages: For complete trends, see Chapter 7-Residential Mortgages. U.S. Homeowners Refinanced Millions of Mortgages during 2001: They took $50 to $60 million in cash out of their equities in the process, helping to prop up the entire U.S. economy. Sub-Prime Loans Prove Riskier than Lenders Planned: Delinquencies and losses mounted in this sector. Conforming Loan Values Rise: The Veterans Administration raised the maximum VA loan rate to $240,000 while the maximum amount for conforming home mortgages was raised to $308,700.
9
Total Mortgage Originations Soar: These were estimated at $1.8 to $2.0 trillion in America during 2001. Stocks : The Markets : In October 2001, the Securities Industry Association (www.sia.com) estimated that total volume on all U.S. stock exchanges would reach 841 billion shares for the year, more than three times the total traded only five years earlier. Share Ownership: 80 million Americans (and about one-half of U.S. households) own investments in either stocks or mutual funds, nearly three times the number in 1980. Foreign Stocks Attract U.S. Investors : According to the Securities Industry Association, trades in foreign stocks by U.S. investors grew more than 100fold from 1980 to 2001. NYSE: After closing due to the terrorist attacks on America of September 11, 2001, the New York Stock Exchange reopened on September 17th, and set a new daily record of shares traded—2.37 billion shares— nearly a 50% gain over the previous daily record of 1.56 billion shares. The year 2001 was extremely active at the NYSE, despite the downward trends of stocks in general. During 2001, the NYSE listed seven of history’s 25 largest domestic initial public offerings (IPOs). Eight of the 10 most active months in the exchange’s history occurred during the year, as did all of its top 10 most active days ever. In February 2001, the NYSE introduced NYSE Direct+, a high-speed electronic connection for automatic execution of limit orders of up to 1,099 shares. The average execution time on the network is 2.2 seconds. ECNs (Electronic Communication Networks): These computerized trading systems automatically match and execute buy and sell orders between parties—bypassing the traditional exchanges such as Nasdaq—and have gained impressive market share. ECNs now account for about 40% of all trades in Nasdaq listed stocks.
10
www.plunkettresearch.com
Nasdaq Will Launch Its Own ECN-Like System, SuperMontage : Nasdaq’s intent, of course, is to regain the business it is losing to competing ECNs. The Securities and Exchange Commission approved Nasdaq’s proposal on January 10, 2001. Nasdaq expects to launch SuperMontage in early 2002. The Nasdaq exchange lists nearly 5,000 companies and has a larger dollar volume and daily shares trade volume than any other U.S. market. ETFs (Exchange -Traded Funds) Gain Favor: ETFs are designed to compete with index mutual funds that are invested so as to represent the performance of the Standard & Poor’s 500, the Nasdaq 100 or other stock indexes. There are important differences between ETFs and index mutual funds, however. The primary difference lies in the way they are priced. Mutual funds trade and are priced only once daily. ETFs act like stocks, fluctuating in price all day long as the underlying value of the stocks they hold fluctuates. ETFs tend to have low fee structures and offer quick, easy access to a widely diversified basket of stocks. Global Market Proposed: The New York Stock Exchange announced in July 2000 that it would pursue the formation of a 24-hour market that will span the globe. Partners in the enterprise, called Global Equity Market, include major exchanges in Australia, Japan, Hong Kong, Brazil, Mexico, Canada and Europe. The Global Equity Market would enable investors to trade the most popular securities 24 hours a day. The organization states that the liquidity of the proposed Global Equity Market would be unmatched. The market capitalization of the companies listed on the participating exchanges exceeds $20 trillion, representing more than 60% of the world's market capitalization. Globalization of Financial Services Mega Firms Continues: Acquisitions across national borders are creating a handful of global financial services giants. At the top of the list are U.S.-based Citigroup, Merrill Lynch, Goldman Sachs, Morgan Stanley, American International Group and J.P. Morgan Chase; Switzerland-based UBS and Credit Suisse; Germanybased Deutsche Bank and Allianz; and France-based AXA.
Online Financial Services: For complete trends, see Chapter 6-Financial Information Technologies and Financial Services Online. Online -Only Banking Retreats : However, banks find effective synergy with a bricks and clicks approach. Insurance Buyers Turn to the Web in Increasing Numbers . Online Stock Brokerage Has Tremendous Market Share: The number of trades executed fell dramatically after the market rout of March 2000, however, and brokers of all types—online, discount and traditional—suffered declines in trading fees. Approximately 17% of all stock trades in the U.S. were done via online brokers in the second quarter of 2001, down from 27% in the second quarter of 2000. State of Online Access to Financial Services U.S. Households Banking Online 2002: 25 million 2005: 43.5 million* U.S. Households Investing Online 2002: 19.6 million 2005: 34.2 million* Online Brokerage Customers Worldwide 2002: 76.7 million 2004: 122.3 million** *Jupiter Media Metrix, September 2001 **IDC, October 2000
Consumers:
U.S. Household Financial Assets by Category 1989 1998 2001 Household Financial Assets Held in: Retirement Accounts 21.9% 27.9% 32.5% Stocks 15.0% 22.7% 25.1% Mutual Funds 5.3% 12.5% 15.0% (does not include money market funds) Bank Accounts 19.1% 11.4% 9.2% Bonds/Savings Bonds 11.7% 5.0% 3.1% CDs 10.2% 4.3% 3.0% Source: 1998 Survey of Household Finance, Federal Reserve Bank; Plunkett Research, Ltd. 2001 Figures are estimates by Plunkett Research, Ltd.
www.plunkettresearch.com
Debts Rose to Unprecedented Levels: U.S. Corporate Debt Dec. 1989 $2.38 trillion Sept. 2001 $4.92 trillion Up 6.6% from same period in 2000 U.S. Consumer Debt: Dec. 1989 $3.355 trillion Sept. 2001 7.532 Up 8.5% from same period in 2000 Source: U.S. Federal Reserve Approximately 1.5 million Americans filed for personal bankruptcy in 2001. Mutual Funds, Retirement Plans: For complete trends, see Chapter 5-Mutual Funds, Annuities and Retirement Plans. 40 million Americans are Participating in 401(k) Retirement Plans : These plans are valued at a total of about $1.8 trillion.
The major tables section follows: I. II. III. IV.
Consumers and Households Prices and Interest Rates Corporate and Government Data International Data
p. 13 p. 21 p. 25 p. 30
11
12
www.plunkettresearch.com
www.plunkettresearch.com
I. CONSUMERS AND HOUSEHOLDS
13
14
www.plunkettresearch.com
Consumer credit outstanding, 1960-2001 [Amount outstanding (end of month); billions of dollars, seasonally adjusted] Year and month (Dec.) 1960 1965 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 4 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 5 1
Total Consumer 1 Credit 60.0 95.9 131.6 147.1 166.0 190.6 199.4 205.0 228.2 263.8 308.3 347.5 350.3 366.9 383.1 431.2 511.3 591.3 648.0 680.0 729.1 782.1 797.3 781.0 786.4 843.3 961.1 1,095.7 1,181.9 1,233.1 1,301.1 1,387.4 1,557.9 1,652.7
Automobile
18.1 29.4 36.3 40.5 47.8 53.7 54.2 57.0 66.8 80.9 98.7 112.5 112.0 119.0 125.9 143.6 173.6 210.2 247.8 266.3 285.4 291.5 283.1 259.6 257.4 280.6 317.2 364.2 392.3 413.4 441.3 … … …
2
Revolving
3
Other
... ... 4.9 8.3 9.4 11.3 13.2 14.5 16.6 36.7 45.2 53.4 55.1 61.1 66.5 79.1 100.3 121.8 135.8 153.1 174.3 199.2 223.5 245.3 258.1 286.6 334.5 443.2 499.5 531.1 556.4 588.7 633.2 694.6
26.2 43.4 62.7 67.7 74.0 87.9 94.7 95.5 104.4 103.8 118.0 130.7 131.1 131.2 133.4 146.3 168.8 185.7 188.4 189.3 202.9 226.5 228.3 223.5 215.3 223.2 251.1 288.3 290.1 288.6 303.3 … … …
Covers most short- and intermediate-term credit extended to individuals through regular business channels,
usually to finance the purchase of consumer goods and services or to refinance debts incurred for such purposes, and scheduled to be repaid (or with the option of repayment) in two or more installments. Credit secured by real estate is excluded. Consists of credit cards at retailers, gasoline companies, and commercial banks. Excludes 30-day charge credit held
2
by travel and entertainment companies. Prior to 1968, included in "other," except gasoline companies included in noninstallment credit prior to 1971. Beginning 1977, includes open-end credit at retailers, previously include in "other." Also beginning 1977, some retail credit was reclassified from commercial into consumer credit. Includes mobile home loans and all other installment loans not included in automobile or revolving credit, such
3
as loans for education, boats, trailers, or vacations. These loans may be secured or unsecured. Data newly available in January 1989 result in breaks in many series between December 1988 and subsequent months.
4 5
Preliminary data through November. Source: Board of Governors of the Federal Reserve System.
www.plunkettresearch.com
15
Hours and earnings in private nonagricultural industries, 1965-2001 (Monthly data seasonally adjusted, except as noted) Average weekly hours Year or month
Total
Manufacturing OverTotal time
Average hourly earnings ManuTotal private facCurrent 1982 turing 2 dollars dollars (current dollars)
1
Average weekly earnings, total private Level Current 1982 2 dollars dollars
Percent change 3 from year earlier Current 1982 2 dollars dollars
1965
38.8
41.2
3.6
2.5
7.5
2.6
95.45
291.90
4.5
2.9
1970
37.1
39.8
3.0
3.2
8.0
3.4
119.83
298.08
4.6
-0.9
1971
36.9
39.9
2.9
3.5
8.2
3.6
127.31
303.12
6.2
1.7
1972
37.0
40.5
3.5
3.7
8.5
3.8
136.90
315.44
7.5
4.1
1973
36.9
40.7
3.8
3.9
8.6
4.1
145.39
315.38
6.2
0.0
1974
36.5
40.0
3.3
4.2
8.3
4.4
154.76
302.27
6.4
-4.2
1975
36.1
39.5
2.6
4.5
8.1
4.8
163.53
293.06
5.7
-3.0
1976
36.1
40.1
3.1
4.9
8.2
5.2
175.45
297.37
7.3
1.5
1977
36.0
40.3
3.5
5.3
8.4
5.7
189.00
300.96
7.7
1.2
1978
35.8
40.4
3.6
5.7
8.4
6.2
203.70
300.89
7.8
0.0
1979
35.7
40.2
3.3
6.2
8.2
6.7
219.91
291.66
8.0
-3.1
1980
35.3
39.7
2.8
6.7
7.8
7.3
235.10
274.65
6.9
-5.8
1981
35.2
39.8
2.8
7.3
7.7
8.0
255.20
270.63
8.5
-1.5
1982
34.8
38.9
2.3
7.7
7.7
8.5
267.26
267.26
4.7
-1.2
1983
35.0
40.1
3.0
8.0
7.8
8.8
280.70
272.52
5.0
2.0
1984
35.2
40.7
3.4
8.3
7.8
9.2
292.86
274.73
4.3
0.8
1985
34.9
40.5
3.3
8.6
7.8
9.5
299.09
271.16
2.1
-1.3
1986
34.8
40.7
3.4
8.8
7.8
9.7
304.85
271.94
1.9
0.3
1987
34.8
41.0
3.7
9.0
7.7
9.9
312.50
269.16
2.5
-1.0
1988
34.7
41.1
3.9
9.3
7.7
10.2
322.02
266.79
3.0
-0.9
1989
34.6
41.0
3.8
9.7
7.6
10.5
334.24
264.22
3.8
-1.0
1990
34.5
40.8
3.6
10.0
7.5
10.8
345.35
259.47
3.3
-1.8
1991
34.3
40.7
3.6
10.3
7.5
11.2
353.98
255.40
2.5
-1.6
1992
34.4
41.0
3.8
10.6
7.4
11.5
363.61
254.99
2.7
-0.2
1993
34.5
41.4
4.1
10.8
7.4
11.7
373.64
254.87
2.8
0.0
1994
34.7
42.0
4.7
11.1
7.4
12.1
385.86
256.73
3.3
0.7
1995
34.5
41.6
4.4
11.4
7.4
12.4
394.34
255.07
2.2
-0.6
1996
34.4
41.6
4.5
11.8
7.4
12.8
406.61
255.73
3.1
0.3
1997
34.6
42.0
4.8
12.3
7.6
13.2
424.89
261.31
4.5
2.2
1998
34.6 34.5
41.7 41.7
4.6 4.6
12.8 13.24
7.8 7.86
13.5 13.91
441.84 456.78
268.32 271.25
4.0 3.3
2.6 1.1
34.5 34.2
41.6 40.7
4.6 3.9
13.75 14.3
7.89 8.0
14.38 14.8
474.38 490.09
272.16 273.64
3.9 3.3
0.3 0.5
1999 2000 4 2001 1
For production or nonsupervisory workers.
2
Current dollars divided by the consumer price index for urban wage earners and clerical workers on a 1982=100 base. Percent changes are based on data that are not seasonally adjusted. Preliminary data through November 1999.
3 4
Source: Department of Labor, Bureau of Labor Statistics.
16
www.plunkettresearch.com Total and per capita disposable personal income and personal consumption expenditures in current and real dollars, 1960-2001 (Quarterly data at seasonally adjusted annual rates, except as noted) Disposable personal income Personal consumption expenditures Total (billions Per capita Total (billions of Per capita Year of dollars) (dollars) dollars) (dollars) or Constant Constant Constant Constant qtr. Current (1996) Current (1996) Current (1996) Current (1996) dollars dollars dollars dollars dollars dollars dollars dollars 1960 366.2 1,646.8 2,026 9,111 332.3 1,494.4 1,838 8,267 1965 498.9 2,107.2 2,567 10,842 444.3 1,876.4 2,286 9,655 1966 539.1 2,219.1 2,742 11,288 481.8 1,983.3 2,451 10,088 1967 576.2 2,313.8 2,899 11,641 508.7 2,042.7 2,559 10,278 1968 626.2 2,420.0 3,119 12,055 558.7 2,159.1 2,783 10,755 1969 675.0 2,498.0 3,329 12,322 605.5 2,241.2 2,987 11,055 1970 736.5 2,602.2 3,591 12,688 648.9 2,293.0 3,164 11,180 1971 801.7 2,709.2 3,860 13,044 702.4 2,373.6 3,382 11,429 1972 868.6 2,832.3 4,138 13,492 770.7 2,513.2 3,671 11,972 1973 979.0 3,024.2 4,619 14,269 852.5 2,634.0 4,022 12,428 1974 1,072.3 3,015.7 5,013 14,099 932.4 2,622.3 4,359 12,259 1975 1,181.4 3,074.6 5,470 14,236 1,030.3 2,681.3 4,771 12,414 1976 1,299.9 3,195.6 5,960 14,653 1,149.8 2,826.5 5,272 12,960 1977 1,436.0 3,306.6 6,519 15,010 1,278.4 2,944.0 5,803 13,364 1978 1,614.8 3,478.9 7,253 15,627 1,430.4 3,081.6 6,425 13,842 1979 1,808.2 3,588.7 8,033 15,942 1,596.3 3,168.0 7,091 14,073 1980 2,019.8 3,631.0 8,869 15,944 1,762.9 3,169.4 7,741 13,918 1981 2,247.9 3,715.6 9,773 16,154 1,944.2 3,214.0 8,453 13,973 1982 2,406.8 3,773.4 10,364 16,250 2,079.3 3,259.8 8,954 14,038 1983 2,586.0 3,881.4 11,036 16,564 2,286.4 3,431.7 9,757 14,644 1984 2,887.6 4,181.0 12,215 17,687 2,498.4 3,617.6 10,569 15,303 1985 3,086.5 4,321.8 12,941 18,120 2,712.6 3,798.0 11,373 15,924 1986 3,262.5 4,461.2 13,555 18,536 2,895.2 3,958.7 12,029 16,448 1987 3,459.5 4,563.1 14,246 18,790 3,105.3 4,096.0 12,787 16,867 1988 3,752.4 4,766.0 15,312 19,448 3,356.6 4,263.2 13,697 17,397 1989 4,016.3 4,885.0 16,235 19,746 3,596.7 4,374.4 14,539 17,682 1990 4,293.6 4,991.3 17,176 19,967 3,831.5 4,454.1 15,327 17,818 1991 4,474.8 5,026.2 17,710 19,892 3,971.2 4,460.6 15,717 17,653 1992 4,754.6 5,199.8 18,616 20,359 4,209.7 4,603.8 16,482 18,025 1993 4,935.3 5,253.6 19,121 20,354 4,454.7 4,741.9 17,259 18,372 1994 5,165.4 5,388.3 19,820 20,675 4,716.4 4,920.0 18,097 18,878 1995 5,422.6 5,533.0 20,613 21,032 4,969.0 5,070.1 18,888 19,272 1996 5,677.7 5,677.7 21,385 21,385 5,237.5 5,237.5 19,727 19,727 1997 5,968.2 5,884.7 22,320 21,954 5,524.4 5,433.7 20,610 20,272 1998 6,355.6 6,125.1 23,231 22,636 5,848.6 5,698.6 21,614 21,060 1999 6,618.0 6,320.0 23,708 22,641 6,250.2 5,968.4 22,391 21,381 2000 7,031.0 6,539.2 24,889 23,148 6,728.4 6,257.8 23,818 22,152 2001: I 7,295.0 6,679.0 25,634 23,470 6,997.6 6,338.5 24,519 22,449 II 7,363.2 6,719.2 25,798 23,541 7,044.6 6,428.4 24,682 22,523 III 7,576.4 6,917.5 26,457 24,157 7,057.6 6,443.9 24,646 22,503 1
Gross domestic product per capita (dollars) PopulaChained tion Current (1996) (thous1 dollars dollars sands) 2,918 13,041 180,760 3,705 15,450 194,347 4,015 16,274 196,599 4,197 16,500 198,752 4,540 17,114 200,745 4,860 17,477 202,736 5,069 17,306 205,089 5,434 17,623 207,692 5,909 18,360 209,924 6,537 19,218 211,939 7,017 18,989 213,898 7,571 18,753 215,981 8,363 19,545 218,086 9,221 20,227 220,289 10,313 21,156 222,629 11,401 21,635 225,106 12,276 21,395 227,726 13,614 21,712 230,008 14,035 21,102 232,218 15,085 21,788 234,332 16,636 23,171 236,394 17,664 23,856 238,506 18,501 24,454 240,682 19,529 25,089 242,842 20,845 25,908 245,061 22,188 26,552 247,387 23,215 26,736 249,981 23,691 26,394 253,336 24,741 26,981 256,677 25,735 27,330 260,037 27,068 28,156 263,226 28,131 28,650 266,364 29,428 29,428 269,485 30,968 30,461 272,756 32,373 31,472 275,955 33,204 31,727 279,144 34,950 32,653 282,489 35,637 32,801 284,582 35,746 32,730 285,418 35,706 32,513 286,360
Population of the United States including Armed Forces overseas; includes Alaska and Hawaii beginning 1960. Annual data are averages of quarterly data. Quarterly data are averages for the period. Source: Department of Commerce (Bureau of Economic Analysis and Bureau of the Census)
www.plunkettresearch.com
17
Gross U.S. savings and investment, 1960-2001 (Billions of dollars) Year or quarter 1960 1965 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001: I II III
Total Gross Saving 110.9 158.1 194.3 211.4 241.6 294.6 304.0 298.4 342.7 398.2 481.6 544.9 555.5 656.5 625.7 608.0 769.4 772.5 735.9 810.4 936.2 967.6 977.7 1,015.8 1,007.4 1,039.4 1,155.9 1,257.5 1,349.3 1,521.3 1,647.2 1,707.4 1,785.7 1,754.0 1,750.5 1,751.9
Gross private saving 84.4 129.4 174.3 202.6 217.0 256.4 270.7 323.5 344.0 383.1 439.1 487.8 537.8 631.7 681.6 693.8 824.8 833.4 806.5 838.3 943.0 955.1 1,016.2 1,098.9 1,164.6 1,159.4 1,199.3 1,266.0 1,290.4 1,362.0 1,375.0 1,348.0 1,323.0 1,307.9 1,321.2 1,534.4
Gross government saving 26.5 28.8 20.0 8.8 24.6 38.2 33.3 -25.1 -1.3 15.1 42.5 57.1 17.7 24.8 -55.9 -85.7 -55.4 -60.9 -70.5 -27.9 -6.7 12.5 -38.6 -83.2 -157.2 -120.0 -43.4 -8.5 58.9 159.3 272.2 359.4 462.7 446.1 429.3 217.6
Total Gross Investment 110.4 160.0 201.2 222.7 250.3 302.6 314.0 316.1 367.2 419.8 502.6 580.6 589.5 684.0 628.2 655.0 787.9 784.2 779.8 813.8 894.0 983.9 1,008.2 1,035.4 1,051.1 1,103.2 1,214.4 1,284.0 1,382.1 1,518.1 1,598.4 1,634.7 1,655.3 1,633.5 1,607.3 1,602.3
Source: Department of Commerce, Bureau of Economic Analysis
18
www.plunkettresearch.com
Relation of national income and personal income, 1960-2001 (Billions of dollars; quarterly data at seasonally adjusted annual rates) Less:
Year or qtr.
1960 1965 1970 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001: I II III
Plus:
Equals:
Corporate profits with Wage Business ContribuGovt. Nat'l. inventory accruals Personal Personal transfer Net tions for transfer income valuation less interest dividend payments interest social payments to and capital disburse income income to insurance persons consumpments persons tion adjustments 427.5 589.5 837.1 1,301.8 1,455.9 1,635.4 1,859.8 2,075.0 2,242.1 2,496.1 2,601.9 2,795.4 3,161.2 3,379.2 3,524.5 3,802.0 4,149.6 4,390.6 4,640.9 4,755.5 4,993.7 5,251.1 5,556.1 5,876.2 6,210.2 6,634.9 7,041.4 7,462.1 7,980.9 8,169.7 8,207.9 8,180.6
52.3 85.9 81.3 132.5 160.1 190.5 216.8 221.9 197.7 218.0 200.2 253.0 308.7 321.3 299.5 345.3 403.5 394.2 407.4 430.2 451.9 509.7 573.2 668.3 754.0 837.9 777.4 825.2 876.4 789.8 759.8 697.0
10.7 19.7 38.4 76.6 80.8 95.7 114.5 144.2 183.9 226.5 256.3 267.2 309.6 326.7 343.6 361.5 389.4 443.1 452.4 429.8 399.5 374.3 380.5 389.8 386.3 412.5 511.9 506.5 532.7 549.4 553.0 558.3
16.4 23.4 46.4 89.3 101.3 113.1 131.3 152.7 166.2 195.7 208.9 226.0 257.5 281.4 303.4 323.1 361.5 385.2 410.1 430.2 455.0 477.8 508.4 533.2 555.8 588.2 623.3 660.7 701.5 729.1 732.8 733.0
0.0 0.0 0.0 0.1 0.1 0.1 0.3 -0.2 0.0 0.1 0.0 -0.4 0.2 -0.2 0.0 0.0 0.0 0.0 0.1 -0.1 -15.8 6.4 17.6 16.4 3.6 -4.1 -0.7 5.2 0.0 0.0 0.0 0.0
25.6 40.8 71.5 128.0 140.5 161.9 191.3 233.5 286.4 352.7 401.6 431.6 505.3 546.4 579.2 609.7 650.5 736.5 772.4 771.8 750.1 725.5 742.4 792.5 810.6 854.9 964.4 950.0 1,000.6 1,010.9 1,001.0 991.5
13.4 20.2 24.3 32.9 39.0 44.7 50.7 57.4 64.0 73.6 76.1 83.5 90.8 97.5 106.1 112.1 129.4 154.8 165.4 178.3 185.3 203.0 234.7 254.0 297.4 333.4 348.3 343.1 379.2 404.8 411.9 420.0
24.4 33.9 71.6 163.0 176.9 188.7 202.5 226.4 270.2 307.0 342.3 369.4 378.3 403.1 428.4 447.8 476.1 519.2 573.1 649.1 729.2 776.5 810.1 860.1 902.4 934.5 955.0 988.4 1,036.0 1,088.7 1,104.6 1,123.7
1.3 2.0 2.8 4.5 5.5 5.9 6.8 7.9 8.8 10.2 11.8 12.8 15.1 17.8 20.7 20.8 20.8 21.1 21.3 20.8 22.5 22.1 23.7 25.8 26.4 27.9 28.8 31.1 33.1 34.3 34.8 35.3
Personal income
412.7 557.4 841.1 1,331.7 1,475.4 1,637.1 1,848.3 2,081.5 2,323.9 2,599.4 2,768.4 2,946.9 3,274.8 3,515.0 3,712.4 3,962.5 4,272.1 4,599.8 4,903.2 5,085.4 5,390.4 5,610.0 5,888.0 6,200.9 6,547.4 6,951.1 7,426.0 7,777.3 8,319.2 8,640.2 8,714.6 8,771.8
Source: Department of Commerce, Bureau of Economic Analysis.
www.plunkettresearch.com
19
Civilian unemployment rate, major industrial countries, 1975-2001 (Quarterly data seasonally adjusted)
Year or quarter
United States
United Canada
Japan
France
1
Germany
Italy
Kingdom
2
Civilian unemployment rate (percent) 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991
8.5 7.7 7.1 6.1 5.8 7.1 7.6 9.7 9.6 7.5 7.2 7.0 6.2 5.5 5.3 5.5 6.7
1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2001: I II III IV
3
6.9 7.2 8.1 8.4 7.5 7.5 7.6 11.0 11.9 11.3 10.5 9.6 8.9 7.8 7.5 8.1 10.4
1.9 2.0 2.0 2.3 2.1 2.0 2.2 2.4 2.7 2.8 2.6 2.8 2.9 2.5 2.3 2.1 2.1
7.4 6.8
11.3 11.2
2.2 2.5
6.1 5.6 5.4 4.9 4.5 4.2 4.0 4.8 4.2 4.5 4.8 5.6
10.4 9.5 9.7 9.2 8.3 7 6.1 … 6.2 6.3 6.4 …
2.9 3.2 3.4 3.4 4.1 4.7 4.8 … 4.8 4.9 5.1 …
4.2 4.6 5.2 5.4 6.1 6.5 7.6 8.3 8.6 10.0 10.5 10.6 10.8 10.3 9.6 9.1 9.6 3
3.4 3.4 3.4 3.3 2.9 2.8 4.0 5.6 3
3
3.4 3.9 4.1 4.1 4.4 4.4 4.9 5.4 5.9 5.9 6.0
6.9 7.1 7.2 6.6 6.3 6.3 5.7 5.0
10.4 11.8
5.6 6.7 7.9
12.3 11.8 12.5 12.4 11.7 11.2 9.4 … 8.6 8.5 8.7 …
8.5 8.2 8.9 9.9 9.4 8.6 8.1 … 7.9 8.0 8.0 …
3
3
3
p
7.5 7.9 7.9 7.8 7.0 6.9 7.3
4.6 5.9 6.4 6.3 5.4 7.0 10.5 11.3 11.8 11.8 11.2 11.2 10.3 8.6 7.3 6.9 8.8
10.2 11.3 12.0 12.1 12.3 12.3 11.5 10.7 … 10.0 9.7 9.5 …
10.1 10.5 9.7 8.7 8.2 7.0 6.3 p p
6.1 5.5 … 5.1 5.0 5.1 …
1
For unemployment rate, data beginning 1991 are for unified Germany; for prior years, data are for West Germany. For manufacturing hourly compensation, data are for West Germany only. 2
Civilian unemployment rates, approximating U.S. concepts. Quarterly data for France and Germany should be viewed as less precise indicators of unemployment under U.S. concepts than the annual data. 3
There are breaks in the series for Germany (1983 and 1991), France (1992), Italy (1986, 1991, and 1993), and United States (1990 and 1994). Based on the prior series, the rate for Germany was 7.2 percent in 1983, and 4.3 percent in 1991 for West Germany only, the rate for France was 10.5 in 1992, 11.9 in 1993, 12.7 in 1994 and 12.3 in 1995, and the rate for Italy was 6.3 percent in 1986 and 6.6 in 1991. The break in 1993 raised Italy's rate by approximately 1 percentage point. p
Preliminary data. Source: Department of Labor, Bureau of Labor Statistics.
20
www.plunkettresearch.com Civilian hourly compensation, major industrial countries, 1975-2000 (Quarterly data seasonally adjusted) Year United 1 States Canada Japan France Germany Italy
United Kingdom 2
1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000
Manufacturing hourly compensation in U.S. dollars (1992=100) 35.5 34.6 17.5 26.3 23.1 22.1 38.4 40.8 18.8 27.0 24.3 21.6 41.8 42.0 23.0 29.8 28.8 24.0 45.2 42.1 31.5 36.7 35.8 28.8 49.6 44.5 32.0 44.0 42.0 35.6 55.6 49.2 32.8 51.1 46.1 40.5 61.1 53.7 36.1 46.0 39.3 36.9 67.0 58.6 33.5 45.1 38.8 36.5 68.8 62.5 36.1 43.0 38.6 38.1 71.2 61.7 37.2 40.7 36.3 37.8 75.1 61.8 38.5 42.9 37.2 39.1 78.5 63.0 57.3 57.9 52.4 52.1 80.7 68.6 68.3 69.2 66.0 63.3 84.0 76.4 78.4 72.5 70.4 65.5 86.6 84.1 77.3 71.4 69.1 68.1 90.8 91.5 79.1 88.0 86.4 86.8 95.6 100.1 90.8 90.2 86.7 93.0 100.0 100.0 100.0 100.0 100.0 100.0 102.7 95.5 117.3 96.2 100.4 84.2 105.6 91.7 130.1 100.8 107.8 82.4 107.9 93.3 146.2 115.1 128.9 85.2 109.4 94.8 127.2 114.1 128.5 96.0 111.4 95.3 118.3 102.5 113.7 90.3 117.4 90.9 112.0 103.8 113.1 87.5 122.1 92.0 128.8 102.0 110.3 86.4 130.7 95.2 135.9 93.0 99.0 77.1
19.0 17.9 19.6 25.1 33.0 43.7 44.1 42.0 39.0 37.2 39.0 47.8 60.2 68.6 67.7 82.5 92.0 100.0 88.9 92.9 96.4 96.3 104.7 111.5 114.0 110.7
1
For unemployment rate, data beginning 1991 are for unified Germany; for prior years, data are for West Germany. For manufacturing hourly compensation, data are for West Germany only. 2
Hourly compensation in manufacturing, U.S. dollar basis. Data relate to all employed persons (wage and salary earners and the self-employed) in the United States, Canada, Japan, France, Germany, and United Kingdom, and to all employees (wage and salary earners) in Italy. For Canada, France and United Kingdom, compensation adjusted to include changes in employment taxes that are not compensation to employees, but are labor costs to employers. Source: Department of Labor, Bureau of Labor Statistics.
www.plunkettresearch.com
II. PRICES AND INTEREST RATES
21
www.plunkettresearch.com Consumer price indexes for major expenditure classes, 1960-2001
1960
29.6
1965 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997
31.5 38.8 40.5 41.8 44.4 49.3 53.8 56.9 60.6 65.2 72.6 82.4 90.9 96.5 99.6 103.9 107.6 109.6 113.6 118.3 124.0 130.7 136.2 140.3 144.5 148.2 152.4 156.9 160.5 163.0 166.6 172.2 177.1
1998 1999 2000 2001 1 2 3 4
4 5
... ... 40.1 41.4 43.1 48.8 55.5 60.2 62.1 65.8 72.2 79.9 86.7 93.5 97.3 99.5 103.2 105.6 109.1 113.5 118.2 124.9 132.1 136.8 138.7 141.6 144.9 148.9 153.7 157.7 161.1 164.6 168.4 173.6
30.0
45.7
32.2 39.2 40.4 42.1 48.2 55.1 59.8 61.6 65.5 72.0 79.9 86.8 93.6 97.4 99.4 103.2 105.6 109.0 113.5 118.2 125.1 132.4 136.3 137.9 140.9 144.3 148.4 153.3 157.3 160.7 164.1 167.8 173.1
47.8 59.2 61.1 62.3 64.6 69.4 72.5 75.2 78.6 81.4 84.9 90.9 95.3 97.8 100.2 102.1 105.0 105.9 110.6 115.4 118.6 124.1 128.7 131.9 133.7 133.4 132.0 131.7 132.9 133.0 131.3 129.6 127.3
... ... 36.4 38.0 39.4 41.2 45.8 50.7 53.8 57.4 62.4 70.1 81.1 90.4 96.9 99.5 103.6 107.7 110.9 114.2 118.5 123.0 128.5 133.6 137.5 141.2 144.8 148.5 152.8 156.8 160.4 163.9 169.6 176.4
29.8
22.3
31.9 37.5 39.5 39.9 41.2 45.8 50.1 55.1 59.0 61.7 70.5 83.1 93.2 97.0 99.3 103.7 106.4 102.3 105.4 108.7 114.1 120.5 123.8 126.5 130.4 134.3 139.1 143.0 144.3 141.6 144.4 153.3 154.3
25.2 34.0 36.1 37.3 38.8 42.4 47.5 52.0 57.0 61.8 67.5 74.9 82.9 92.5 100.6 106.8 113.5 122.0 130.1 138.6 149.3 162.8 177.0 190.1 201.4 211.0 220.5 228.2 234.6 242.1 250.6 260.8 272.8
... ... 47.5 50.0 51.5 52.9 56.9 62.0 65.1 68.3 71.9 76.7 83.6 90.1 96.0 100.1 103.8 107.9 111.6 115.3 120.3 126.5 132.4 138.4 142.3 145.8 150.1 153.9 159.1 162.5 ... ... … …
... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...
... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...
101.1 102.0 103.3 104.9
100.3 101.2 102.5 105.2
... ... 40.9 42.9 44.7 46.4 49.8 53.9 57.0 60.4 64.3 68.9 75.2 82.6 91.1 101.1 107.9 114.5 121.4 128.5 137.0 147.7 159.0 171.6 183.3 192.9 198.5 206.9 215.4 224.8 237.7 258.3 271.1 282.6
3
Energy
Other goods and services
Education and 2 Communication
Recreation
2
Entertainment
Medical Care
Trabsportation
Housing
Apparel
Food
1
Food and beverages Total
All items (CPI-U)
(For all urban consumers; 1982-84=100)
Year
22
22.4 22.9 25.5 26.5 27.2 29.4 38.1 42.1 45.1 49.4 52.5 65.7 86.0 97.7 99.2 99.9 100.9 101.6 88.2 88.6 89.3 94.3 102.1 102.5 103.0 104.2 104.6 105.2 110.1 111.5 102.9 106.6 124.6 129.3
Includes alcoholic beverages, not shown separately December 1997=100. Household fuels—gas (piped), electricity, fuel oil, etc.—and motor fuel. Motor oil, coolant, etc. also included through 1982. Data beginning 1998 reflect changes in series composition and renaming.
5
Data beginning 1999 reflect a change in the formula used for calculating the basic components of the consumer price index as well as other changes in methodology. Note.—Data beginning 1983 incorporate a rental equivalence measure for homeowners' costs. Source: Department of Labor, Bureau of Labor Statistics.
www.plunkettresearch.com Interest-bearing public debt securities by kind of obligation, 1970-2000 (Billions of dollars) Marketable
End of year or month
Total interestbearing public debt securities
Total
1
23
Nonmarketable
Treasury Treasury Treasury bills notes bonds
Total
Foreign U.S. gov. savings and 2 securities public 3 series
Gov. account series
4
Other
Fiscal yr. 1970 1975
369.0
232.6
76.2
93.5
63.0
136.4
51.3
4.8
76.3
4.1
532.1
315.6
128.6
150.3
36.8
216.5
65.5
23.2
124.2
3.6
1976
619.3
392.6
161.2
191.8
39.6
226.7
69.7
21.5
130.6
4.9
1977
697.6
443.5
156.1
241.7
45.7
254.1
75.4
21.8
140.1
16.8
1978
767.0
485.2
160.9
267.9
56.4
281.8
79.8
21.7
153.3
27.1
1979
819.0
506.7
161.4
274.2
71.1
312.3
80.4
28.1
176.4
27.4
1980
906.4
594.5
199.8
310.9
83.8
311.9
72.7
25.2
189.8
24.2
1981
996.5
683.2
223.4
363.6
96.2
313.3
68.0
20.5
201.1
23.7
1982
1,140.9
824.4
277.9
442.9
103.6
316.5
67.3
14.6
210.5
24.1
1983
1,375.8
1,024.0
340.7
557.5
125.7
351.8
70.0
11.5
234.7
35.6
1984
1,559.6
1,176.6
356.8
661.7
158.1
383.0
72.8
8.8
259.5
41.8
1985
1,821.0
1,360.2
384.2
776.4
199.5
460.8
77.0
6.6
313.9
63.3
1,564.3
410.7
896.9
241.7
558.4
85.6
4.1
365.9
102.8
1,676.0
378.3
1,005.1
277.6
671.8
97.0
4.4
440.7
129.8
1,802.9
398.5
1,089.6
299.9
797.0
106.2
6.3
536.5
148.0
1,892.8
406.6
1,133.2
338.0
943.5
114.0
6.8
663.7
159.0
2,092.8
482.5
1,218.1
377.2
1,118.2
122.2
36.0
779.4
180.6
2,390.7
564.6
1,387.7
423.4
1,272.1
133.5
41.6
908.4
188.5
2,677.5
634.3
1,566.3
461.8
1,384.3
148.3
37.0
1,011.0
188.0
2,904.9
658.4
1,734.2
497.4
1,503.7
167.0
42.5
1,114.3
179.9
3,091.6
697.3
1,867.5
511.8
1,597.9
176.4
42.0
1,211.7
167.8
3,260.4
742.5
1,980.3
522.6
1,690.2
181.2
41.0
1,324.3
143.8
3,418.4
761.2
2,098.7
543.5
1,802.4
184.1
37.5
1,454.7
126.1
3,439.6
701.9
2,122.2
576.2
1,967.9
182.7
34.9
1,608.5
141.9
3,331.0
637.6
2,009.1
610.4
2,187.7
180.8
35.1
1,777.3
194.4
3,233.0
653.2
1,828.8
643.7
2,414.2
180.0
31.0
2,005.2
198.1
616.2
1,611.3
635.3
2,629.3
177.7
25.4
242.9
183.3
1986
2,122.7
1
1987
2,347.8
1
2,599.9
1
2,836.3
1
3,210.9
1
1991
3,662.8
1
1992
4,061.8
1
4,408.6
1
4,689.5
1
4,950.6
1
1996
5,220.8
1
1997
5,407.5
1
5,518.7
1
5,647.2
1
1988 1989 1990
1993 1994 1995
1998 1999 2000 1
5,622.1
1
2992.8
Includes Federal Financing Bank securities, not shown separately, in the amount of 15,000 million dollars.
2
Series previously shown as U.S. savings bonds. Beginning January 1997, includes U.S. retirement plan bonds, U.S. individual retirement bonds, and U.S. savings notes previously included in "other" nonmarketable interest-bearing public debt securities in this table. Data prior to January 1997 do not reflect this change. 3
Nonmarketable certificates of indebtedness, notes, bonds, and bills in the Treasury foreign series of dollar-denominated and foreigncurrency
4
Includes depository bonds, retirement plan bonds, Rural Electrification Administration bonds, State and local bonds, and special issues held only by U.S. Government agencies and trust funds and the Federal home loan banks. See footnote 2. 5
Includes $5,610 million in certificates not shown separately. Note.—Through fiscal year 1976, the fiscal year was on a July 1–June 30 basis; beginning October 1976 (fiscal year 1977), the fiscal year is on an October 1–September 30 basis. Source: Department of the Treasury.
1965 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 1 2
3.95 6.46 4.35 4.07 7.04 7.89 5.84 4.99 5.27 7.22 10.04 11.51 14.03 10.69 8.63 9.58 7.48 5.98 5.82 6.69 8.12 7.51 5.42 3.45 3.02 4.29 5.51 5.02 5.07 4.81 4.66 5.85 3.45
4.06 6.56 4.51 4.47 7.18 7.93 6.12 5.27 5.51 7.57 10.02 11.37 13.78 11.08 8.75 9.80 7.66 6.03 6.05 6.92 8.04 7.47 5.49 3.57 3.14 4.66 5.59 5.09 5.18 4.85 4.76 5.92 3.39
4.22 7.29 5.65 5.72 6.95 7.82 7.49 6.77 6.69 8.29 9.71 11.55 14.44 12.92 10.45 11.89 9.64 7.06 7.68 8.26 8.55 8.26 6.82 5.30 4.44 6.27 6.25 5.99 6.10 5.14 5.49 6.22 4.09
4.28 7.35 6.16 6.21 6.84 7.56 7.99 7.61 7.42 8.41 9.44 11.46 13.91 13.00 11.10 12.44 10.62 7.68 8.39 8.85 8.49 8.55 7.86 7.01 5.87 7.09 6.57 6.44 6.35 5.26 5.65 6.03 5.02
...... ...... ...... ...... ...... ...... ...... ...... 7.75 8.49 9.28 11.27 13.45 12.76 11.18 12.41 10.79 7.78 8.59 8.96 8.45 8.61 8.14 7.67 6.59 7.37 6.88 6.71 6.61 5.58 5.87 5.94 5.49
Aaa
4.49 8.04 7.39 7.21 7.44 8.57 8.83 8.43 8.02 8.73 9.63 11.94 14.17 13.79 12.04 12.71 11.37 9.02 9.38 9.71 9.26 9.32 8.77 8.14 7.22 7.97 7.59 7.37 7.26 6.53 7.04 7.62 7.08
Baa
4.87 9.11 8.56 8.16 8.24 9.50 10.61 9.75 8.97 9.49 10.69 13.67 16.04 16.11 13.55 14.19 12.72 10.39 10.58 10.83 10.18 10.36 9.80 8.98 7.93 8.63 8.20 8.05 7.86 7.22 7.87 8.36 7.95
3.27 6.51 5.70 5.27 5.18 6.09 6.89 6.49 5.56 5.90 6.39 8.51 11.23 11.57 9.47 10.15 9.18 7.38 7.73 7.76 7.24 7.25 6.89 6.41 5.63 6.19 5.95 5.75 5.55 5.12 5.43 5.77 5.19
5.81 8.45 7.74 7.60 7.96 8.92 9.00 9.00 9.02 9.56 10.78 12.66 14.70 15.14 12.57 12.38 11.55 10.17 9.31 9.19 10.13 10.05 9.32 8.24 7.20 7.49 7.87 7.80 7.71 7.07 7.04 7.52 7.00
4
4.38 7.71 5.11 4.73 8.15 9.84 6.32 5.34 5.61 7.99 10.91 12.29 14.76 11.89 8.89 10.16 8.01 6.39 6.85 7.68 8.80 7.95 5.85 3.80 3.30 4.93 5.93 5.42 5.62 … … … …
4.54 7.91 5.72 5.25 8.03 10.81 7.86 6.84 6.83 9.06 12.67 15.27 18.87 14.86 10.79 12.04 9.93 8.33 8.21 9.32 10.87 10.01 8.46 6.25 6.00 7.15 8.83 8.27 8.44 8.35 8.00 9.23 6.91
4.04 5.95 4.88 4.50 6.44 7.83 6.25 5.50 5.46 7.46 10.28 11.77 13.42 11.02 8.50 8.80 7.69 6.33 5.66 6.20 6.93 6.98 5.45 3.25 3.00 3.60 5.21 5.02 5.00 4.92 4.62 5.73 3.40
5
Federal funds rate
30year
Discount rate, Federal Reserve Bank of New York
10year
Prime rate charged by banks
36-month 3- year month
6 months
2
Constant maturities
Commercial paper,
Year
Bills (new 1 issues)
New home 3 mortgage yields
Corporate bonds (Moody's)
U.S. Treasury securities
High-grade municipal bonds (Standard & Poor's)
24 www.plunkettresearch.com Bond yields and interest rates, 1965-2001 (Percent per annum)
4.07 7.18 4.66 4.43 8.73 10.50 5.82 5.04 5.54 7.93 11.19 13.36 16.38 12.26 9.09 10.23 8.10 6.81 6.66 7.57 9.21 8.10 5.69 3.52 3.02 4.21 5.83 5.30 5.46 5.35 4.97 6.24 3.88
Rate on new issues within period; bank-discount basis. Yields on the more actively traded issues adjusted to constant maturities by the Treasury Department.
3
Effective rate (in the primary market) on conventional mortgages, reflecting fees and charges as well as contract rate and assuming, on the average, repayment at end of 10 years. Rates beginning January 1973 not strictly comparable with prior rates. 4 Bank-discount basis; prior to November 1979, data are for 4-6 months paper. Series no longer published by Federal Reserve (FR). 5
Since July 19, 1975, the daily effective rate is an average of the rates on a given day weighted by the volume of transactions at these rates. Prior to that date, the daily effective rate was the rate considered most representative of the day's transactions. Sources: Department of the Treasury, Board of Governors of the Federal Reserve System, Federal Housing Finance Board, Moody's Investors Service, and Standard & Poor's.
www.plunkettresearch.com
III. CORPORATE AND GOVERNMENT DATA
25
26 www.plunkettresearch.com Federal receipts, outlays, surplus or deficit, and debt, selected fiscal years, 1960-2003 (Billions of dollars; fiscal years) Total Fiscal year
1960 1965 1970 1971 1972 1973 1974 1975 1976 Trans. 1 qtr. 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2
2002 2 2003 1
On-budget Surplus or
Off-budget Surplus or
Surplus or
Receipts Outlays deficit Receipts Outlays deficit Receipts Outlays deficit (-) (-) (-) 92.5 92.2 0.3 81.9 81.3 0.5 10.6 10.9 -0.2 116.8 118.2 -1.4 100.1 101.7 -1.6 16.7 16.5 0.2 192.8 195.6 -2.8 159.3 168.0 -8.7 33.5 27.6 5.9 187.1 210.2 -23.0 151.3 177.3 -26.1 35.8 32.8 3.0 207.3 230.7 -23.4 167.4 193.8 -26.4 39.9 36.9 3.1 230.8 245.7 -14.9 184.7 200.1 -15.4 46.1 45.6 0.5 263.2 269.4 -6.1 209.3 217.3 -8.0 53.9 52.1 1.8 279.1 332.3 -53.2 216.6 271.9 -55.3 62.5 60.4 2.0 298.1 371.8 -73.7 231.7 302.2 -70.5 66.4 69.6 -3.2 81.2 355.6 399.6 463.3 517.1 599.3 617.8 600.6 666.5 734.1 769.2 854.4 909.3 991.2 1,032.0 1,055.0 1,091.3 1,154.4 1,258.6 1,351.8 1,453.1 1,579.3 1,721.8 1,827.5 2,052.2 1,991.0 1,946.1 2,048.1
96.0 409.2 458.7 504.0 590.9 678.2 745.8 808.4 851.9 946.4 990.5 1,004.1 1,064.5 1,143.7 1,253.2 1,324.4 1,381.7 1,409.5 1,461.9 1,515.8 1,560.6 1,601.3 1,652.6 1,701.9 1,788.8 1,863.9 2,052.3 2,128.2
-14.7 -53.7 -59.2 -40.7 -73.8 -79.0 -128.0 -207.8 -185.4 -212.3 -221.2 -149.8 -155.2 -152.5 -221.2 -269.4 -290.4 -255.1 -203.3 -164.0 -107.5 -22.0 69.2 125.5 236.4 127.1 -106.2 -80.2
63.2 278.7 314.2 365.3 403.9 469.1 474.3 453.2 500.4 547.9 569.0 641.0 667.8 727.5 750.3 761.2 788.9 842.5 923.6 1,000.8 1,085.6 1,187.3 1,306.0 1,383.0 1,544.6 1,483.5 1,428.9 1,502.7
76.6 328.5 369.1 404.1 476.6 543.1 594.4 661.3 686.1 769.6 807.0 810.3 861.8 932.8 1,028.1 1,082.7 1,129.3 1,142.9 1,182.5 1,227.2 1,259.7 1,290.7 1,336.0 1,381.2 1,458.1 1,516.9 1,690.6 1,761.5
-13.3 -49.8 -54.9 -38.7 -72.7 -74.0 -120.1 -208.0 -185.7 -221.7 -238.0 -169.3 -194.0 -205.2 -277.8 -321.6 -340.5 -300.5 -258.9 -226.4 -174.1 -103.4 -30.0 1.8 86.6 -33.4 -261.7 -258.8
18.0 76.8 85.4 98.0 113.2 130.2 143.5 147.3 166.1 186.2 200.2 213.4 241.5 263.7 281.7 293.9 302.4 311.9 335.0 351.1 367.5 392.0 415.8 444.5 480.6 507.5 517.2 545.3
19.4 80.7 89.7 100.0 114.3 135.2 151.4 147.1 165.8 176.8 183.5 193.8 202.7 210.9 225.1 241.7 252.3 266.6 279.4 288.7 300.9 310.6 316.6 320.8 330.8 347.0 361.7 366.8
-1.4 -3.9 -4.3 -2.0 -1.1 -5.0 -7.9 0.2 0.3 9.4 16.7 19.6 38.8 52.8 56.6 52.2 50.1 45.3 55.7 62.4 66.6 81.4 99.2 123.7 149.8 160.5 155.5 178.6
Gross Federal debt (end of period) Total 290.5 322.3 380.9 408.2 435.9 466.3 483.9 541.9 629.0 643.6 706.4 776.6 829.5 909.1 994.8 1,137.3 1,371.7 1,564.7 1,817.5 2,120.6 2,346.1 2,601.3 2,868.0 3,206.6 3,598.5 4,002.1 4,351.4 4,643.7 4,921.0 5,181.9 5,369.7 5,478.7 5,606.1 5,629.0 5,770.3 6,137.1 6,525.9
Publicly held 236.8 260.8 283.2 303.0 322.4 340.9 343.7 394.7 477.4
GDP 504.6 671.0 1,013.7 1,081.7 1,178.5 1,313.6 1,441.7 1,559.2 1,735.9
495.5 445.0 549.1 1,974.6 607.1 2,219.5 640.3 2,504.9 711.9 2,731.8 789.4 3,060.3 924.6 3,231.1 1,137.3 3,441.7 1,307.0 3,846.5 1,507.4 4,141.6 1,740.8 4,398.3 1,889.9 4,653.9 2,051.8 5,016.6 2,191.0 5,406.6 2,411.8 5,738.4 2,689.3 5,927.9 3,000.1 6,221.7 3,248.8 6,560.9 3,433.4 6,948.8 3,604.8 7,322.6 3,734.5 7,700.1 3,772.8 8,182.8 3,721.6 8,636.3 3,632.9 9,124.3 3,410.1 9,744.3 3,320.0 10,150.5 3,477.5 10,361.6 3,570.3 10,922.3
Transition quarter. Estimates. Note.--Through fiscal year 1976, the fiscal year was on a July 1-June 30 basis; beginning October 1976 (fiscal year 1977), the fiscal year is on an October 1-September 30 basis. The 3-month period from July 1, 1976 through September 30, 1976 is a separate fiscal period known as the transition quarter. Refunds of receipts are excluded from receipts and outlays. Sources: Department of Commerce (Bureau of Economic Analysis), Department of the Treasury, and Office of Management and Budget.
2
Addendum:
www.plunkettresearch.com
27
U.S. Capacity utilization rates 1965-2001 (Utilization as a percent of total capacity) Manufacturing Total Industry
Year
1
Total
Durable Goods
Nondurable Primary Advanced Goods Processing Processing
Mining
Utilities
1965 1966 1967 1968 1969
… … 87.0 87.3 87.3
89.5 91.1 87.2 87.1 86.6
… … 87.5 87.2 86.7
… … 86.3 86.6 86.5
91.0 91.4 85.3 86.1 86.5
88.8 91.1 88.0 87.3 86.4
… … 81.2 83.5 86.5
… … 94.5 95.1 96.7
1970 1971 1972 1973 1974 1975 1976 1977 1978 1979
81.1 79.4 84.4 88.4 84.3 74.6 79.3 83.5 85.8 86.0
79.4 77.9 83.4 87.7 83.4 72.9 78.2 82.6 85.2 85.3
77.2 74.7 81.4 88.0 83.1 70.6 75.7 80.8 84.4 85.6
82.8 82.6 86.4 87.3 83.9 76.3 81.8 85.3 86.4 84.9
79.9 78.7 85.5 90.5 85.1 72.1 79.2 83.8 85.9 86.0
78.9 77.1 82.2 86.2 82.5 73.3 77.6 81.9 84.8 84.9
88.8 87.3 90.3 92.3 92.3 89.7 89.8 90.9 90.9 91.4
96.2 94.6 95.2 93.5 87.3 84.4 85.2 85.0 85.4 86.6
1980 1981 1982 1983 1984 1985 1986 1987 1988 1989
81.5 80.8 74.5 75.7 80.8 79.8 78.7 81.3 84.0 84.1
79.5 78.3 71.8 74.4 79.8 78.8 78.7 81.3 83.8 83.6
78.4 76.8 68.0 70.1 77.6 76.8 75.7 77.9 81.7 82.0
81.0 80.4 77.5 80.8 82.9 81.5 82.8 85.9 86.4 85.7
77.2 77.2 68.6 74.5 80.0 79.1 79.9 84.5 86.8 86.1
80.8 78.8 73.5 74.4 79.7 78.6 78.1 79.9 82.3 82.5
93.4 93.9 86.3 80.4 86.0 84.3 77.6 80.3 85.2 86.9
85.9 82.5 79.3 79.7 81.9 83.5 80.6 82.5 84.9 86.3
1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000
82.3 79.3 80.2 81.2 83.2 83.3 82.7 83.5 82.2 81.4 81.8 76.8
81.4 77.9 79.4 80.4 82.5 82.6 81.6 82.7 81.4 80.6 80.7 75.0
79.0 74.7 76.6 78.8 81.7 81.9 81.1 82.0 81.1 80.9 81.0 72.8
84.4 81.9 82.8 82.2 83.4 83.4 82.3 83.5 81.8 80.2 80.2 77.9
82.9 78.6 81.7 83.5 86.6 86.2 83.9 84.7 82.7 83.1 83.9 75.3
80.6 77.6 78.2 78.7 80.1 80.4 80.3 81.4 80.6 79.1 78.7 74.8
89.8 88.4 86.3 86.1 87.9 87.6 89.2 89.9 87.6 85.2 89.5 90.5
85.7 86.3 84.6 87.1 87.5 88.8 90.4 89.3 90.6 91.5 91.7 87.5
2001
1
Preliminary data Source: Board of Governors of the Federal Reserve System
28
www.plunkettresearch.com Federal budget receipts, outlays, surplus or deficit, and debt, as percent of gross domestic product, 1960-2003 (Percent; fiscal years) Fiscal year
Outlays National Total defense 17.7 9.3 17.2 7.4 17.8 7.7 19.4 8.8 20.5 9.4 19.3 8.7
1960 1965 1966 1967 1968 1969
17.8 17.0 17.3 18.3 17.6 19.7
1970 1971 1972 1973 1974 1975 1976 Transition qtr. 1977 1978 1979
19.0 17.3 17.6 17.6 18.3 17.9 17.2 17.7 18.0 18.0 18.5
19.3 19.4 19.6 18.7 18.7 21.3 21.4 20.9 20.7 20.7 20.1
1980 1981 1982 1983 1984 1985 1986 1987 1988 1989
18.9 19.6 19.1 17.4 17.3 17.7 17.5 18.4 18.1 18.3
1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001
18.0 17.8 17.5 17.6 18.1 18.5 18.9 19.3 19.9 20.0 20.8 19.6 18.8 18.8
1
2002 1 2003 1
Receipts
Surplus or deficit (-)
Federal debt (end of period) Gross Federal
Held by public
0.1 -0.2 -0.5 -1.1 -2.9 0.3
55.9 46.8 43.4 41.9 42.4 38.5
45.6 37.9 34.8 32.8 33.3 29.3
8.1 7.3 6.7 5.8 5.5 5.5 5.2 4.8 4.9 4.7 4.6
-0.3 -2.1 -2.0 -1.1 -0.4 -3.4 -4.2 -3.2 -2.7 -2.7 -1.6
37.6 37.7 37.0 35.5 33.6 34.8 36.2 35.0 35.8 35.0 33.1
27.9 28.0 27.4 26.0 23.8 25.3 27.5 27.0 27.8 27.4 25.6
21.6 22.2 23.1 23.5 22.1 22.9 22.5 21.6 21.2 21.2
4.9 5.1 5.7 6.1 5.9 6.1 6.2 6.1 5.8 5.6
-2.7 -2.6 -4.0 -6.0 -4.8 -5.1 -5.0 -3.2 -3.1 -2.8
33.3 32.5 35.2 39.9 40.7 43.9 48.2 50.4 51.9 53.0
26.1 25.8 28.6 33.0 34.0 36.4 39.6 40.6 40.9 40.5
21.8 22.3 22.2 21.5 21.0 20.7 20.3 19.6 19.1 18.7 18.4 18.4 19.8 19.5
5.2 4.6 4.8 4.4 4.1 3.7 3.5 3.3 3.1 3.0 3.0 3.0 3.4 3.5
-3.9 -4.5 -4.7 -3.9 -2.9 -2.2 -1.4 -0.3 0.8 1.4 2.4 1.3 -1.0 -0.7
55.9 60.7 64.3 66.3 66.8 67.2 67.3 65.6 63.4 61.5 57.8 56.8 59.2 59.7
42.0 45.4 48.2 49.5 49.4 49.2 48.5 46.1 43.1 39.9 35.0 32.7 33.6 32.7
Estimates. Sources: Department of the Treasury and Office of Management and Budget.
www.plunkettresearch.com
29
Corporate profits with inventory valuation and capital consumption adjustments, 1960-2001 (Billions of dollars; quarterly data at seasonally adjusted annual rates)
Year or quarter
1960 1965 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001: I II III
Corporate profits with inventory Corporate valuation and capital profits tax consumption liability adjustments
52.3 85.9 81.3 94.8 109.4 123.5 114.0 132.5 160.1 190.5 216.8 221.9 197.7 218.0 200.2 253.0 308.7 321.3 299.5 345.3 403.5 394.2 408.6 431.2 453.1 510.5 573.2 668.8 754.0 833.8 777.4 825.2 876.4 789.8 759.8 697.0
22.7 30.9 34.4 37.7 41.9 49.3 51.8 50.9 64.2 73.0 83.5 88.0 84.8 81.1 63.1 77.2 94.0 96.5 106.5 127.1 137.2 141.5 140.6 133.6 143.1 165.4 186.7 211.0 223.6 237.2 238.8 253.0 271.5 236.8 228.0 204.9
Corporate profits after tax with inventory valuation and capital consumption adjustments
Total
29.6 55.0 46.9 57.0 67.5 74.3 62.2 81.6 95.9 117.5 133.3 133.9 112.9 136.8 137.1 175.8 214.6 224.8 193.0 218.2 266.4 252.8 268.0 297.7 309.9 345.1 386.5 457.8 530.4 596.6 538.6 572.1 604.9 553.0 531.8 492.0
Dividends
13.4 20.2 24.3 25.0 26.8 29.9 33.2 33.0 39.0 44.8 50.8 57.5 64.1 73.8 76.2 83.6 91.0 97.7 106.3 112.2 129.6 155.0 165.6 178.4 185.5 203.1 234.9 254.2 297.7 335.2 348.7 343.5 379.6 405.2 412.3 420.4
Undistributed profits with inventory valuation and capital consumption adjustments 16.3 34.8 22.6 32.0 40.7 44.3 29.0 48.7 56.9 72.7 82.5 76.4 48.8 63.1 60.9 92.2 123.6 127.1 86.7 106.0 136.8 97.8 102.4 119.2 124.4 142.0 151.6 203.6 232.7 261.3 189.9 228.7 225.3 147.8 119.5 71.7
Source: Department of Commerce, Bureau of Economic Analysis.
30
www.plunkettresearch.com
IV. INTERNATIONAL DATA
www.plunkettresearch.com
31
U.S. merchandise exports and imports by area, 1990-2001 (Billions of dollars) Item
1990
1992
1994
1995
1996
1997
1998
1999
2000
2001
1
Exports.............................................. 389.3 440.4 Industrial countries...........253.8 265.1 Canada........................................... 83.5 91.4 Japan............................................ 47.8 46.9 Western Europe2................................ 111.4 114.5 Australia, New
502.4 295.2 114.8 51.8 115.3
575.8 338.1 127.6 63.1 132.5
612.1 355.7 135.2 66.0 138.0
679.7 386.5 152.1 64.6 153.0
670.2 389.8 156.8 56.6 159.1
671.6 396.6 164.8 55.9 160.4
772.2 438.6 179.0 63.6 178.8
739.4 419.7 168.5 58.7 176.7
11.2 12.4 Zealand, S. Africa Australia...................................... 8.3 8.7 Other countries, except East. Europe 130.6 169.5 3 OPEC ......................... 12.7 19.7 4 Other ......................................... 117.9 149.8 Eastern Europe2.................................. 4.3 5.6 Unallocated.....………………0.6 0.1
13.2 9.6
15.0 10.5
16.6
16.9
17.2
15.9
11.9
11.8
15.4 11.1
17.2
11.7
12.2
10.7
201.7 17.1 184.6 5.3 0.1
232.0 18.3 213.7 5.7 ...
249.1 20.2 228.9 7.3 ...
285.5 24.2 261.3 7.7 ...
273.1 23.4 249.7 7.4 ...
296.7 17 252.7 5.4 ...
327.7 17.6 310.1 5.9 …
312.8 19.9 292.9 6.9 …
668.6 389.8 131.1 119.1 132.9
749.6 425.4 147.1 123.5 147.7
803.3
876.4
917.2
1,224.4
1,174.1
443.2 158.7 115.2 161.7
476.5 170.1 121.7 175.8
501.7 175.8 121.9 194.0
1,006 545.1 198 128.2 208.7
636.3 233.7 146.5 243.4
616.1 227.7 129.5 245.4
6.7 3.2
7.1 3.4
7.7 3.9
9.0 4.9
10.1 5.4
10.1 5.3
12.7 6.4
13.5 6.5
272.9 31.7 241.3 5.8 ...
317.2 34.3 282.9 7.0 ...
353.2 42.7 310.5 7.0 ...
391.4 44.0 347.4 8.5 ...
404.5 33.9 370.6 10.9 ...
449.7 39.2 410.5 11.2 ...
572.0 67.0 505.0 16.1 …
543.0 63.9 479.1 15.0 …
Imports.............................................. 498.3 536.5 Industrial countries............................... 299.9 316.3 Canada........................................... 93.1 100.9 Japan............................................ 90.4 97.4 2 Western Europe ................................ 109.2 111.4 Australia, New Zealand, S. Africa.... 7.3 6.6 Australia...................................... 4.4 3.7 Other countries, except East. Europe............. 196.1 218.2 3 OPEC .......................................... 37.0 32.4 Other4......................................... 159.1 185.8 2 Eastern Europe .................................. 2.3 2.0 Unallocated.....……. ... ...
Balance (excess of exports +).……. -109.0 -96.1 -166.2 -173.7 -191.3 -196.7 -246.9 -334.3 -452.2 Industrial countries............................... -46.1 -51.2 -94.6 -87.3 -87.5 -90.0 -112.0 -148.5 -197.8 Canada........................................... -9.6 -9.5 -16.3 -19.6 -33.2 -23.5 -18.0 -19.0 -54.7 Japan............................................ -42.6 -50.5 -67.3 -60.3 -49.2 -57.1 -65.3 -72.3 -82.9 Western Europe2................................ 2.2 3.1 -17.6 -15.2 -23.6 -22.8 -34.9 -48.3 -64.6 Australia, New 3.9 5.8 6.6 7.9 8.9 7.9 7.2 5.3 4.5 Zealand, S. Africa Australia...................................... 3.9 5.0 6.4 7.1 7.8 7.0 6.4 5.8 5.8 Other counries, except East. Europe............. -65.5 -48.7 -71.2 -85.2 -104.1 -105.9 -131.4 -180 -244.3 3 OPEC .......................................... -24.3 -12.7 -14.6 -15.9 -22.1 -22.4 -19.9 -10.5 -49.4 4 Other ......................................... -41.2 -36.0 -56.6 -69.2 -81.6 -86.1 -120.9 -157.8 -194.9 2 Eastern Europe .................................. 2.1 3.7 -0.5 -1.3 0.3 -0.7 -3.5 -5.8 -10.2 Unallocated.....…………….. 0.6 0.1 0.1 ... ... ... 0.1 ... … 1 Preliminary; seasonally adjusted estimate, based on first three quarters. 2 The former German Democratic Republic (East Germany) included in Western Europe beginning fourth quarter 1990 and in Eastern Europe prior to that time. 3 Organization of Petroleum Exporting Countries, consisting of Algeria, Ecuador (through 1992), Gabon, Indonesia, Iran, Iraq,
-434.7 -196.4 -59.2 -70.8 -68.7 2.4 4.1 -230.2 -44.0 -186.2 -8.0 …
Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, United Arab Emirates, and Venezuela. Latin America, other Western Hemisphere, and other countries in Asia and Africa, less members of OPEC.
4
Note.--Data are on an international transactions basis and exclude military. Source: Department of Commerce, Bureau of Economic Analysis.
32
www.plunkettresearch.com International reserves, selected years, 1962-2001 (Millions of Special Drawing Rights; end of period) 2001 Aug Sept 62,851 146,658 361,239 752,566 1,284,101 1,402,165 1,608,330 1,655,734 1,699,449
Area and country
1962
All countries Industrial countries United States
1
Canada
1972
1982
1992
53,502 113,362 214,025 424,229
1997
1999
2000
603,332
614,649
677,555
674,697
701,029
17,220 2,561
12,112 5,572
29,918 3,439
52,995 8,662
52,817 13,317
53,238 20,556
52,598 24,544
53,253 26,992
55,641 26,327
1,081 1,753
2,505 3,564
5,544 4,757
9,703 10,914
14,903 12,535
11,475 8,259
11,414 7,961
10,068 8,537
10,246 8,851
237 4,049
664 9,224
1,420 17,850
3,862 22,522
6,294 25,788
6,035 32,329
6,552 31,831
6,422 30,936
6,388 30,750
6,958 359 4,068
21,908 1,038 5,605
43,909 2,390 15,108
69,489 2,514 22,438
60,835 4,849 43,644
48,375 3,855 19,095
47,567 4,120 22,382
44,039 4,469 21,967
45,796 4,376 22,335
1,943 680
4,407 2,129
10,723 1,179
17,492 14,474
19,376 12,169
8,462 7,130
8,427 7,520
8,018 8,071
8,150 8,029
1,045 1,168 2,021
4,618 5,656 16,916
7,450 6,053 22,001
33,640 8,429 52,937
51,241 12,575 163,641
24,716 15,545 209,893
24,373 13,996 273,251
24,838 14,689 284,585
25,108 14,484 303,267
251 256
767 787
577 2,111
2,239 8,090
3,299 14,233
3,246 16,313
2,555 11,671
2,323 11,531
2,318 13,554
287 32 304
950 78 1,220
916 133 6,273
3,606 364 8,725
9,462 286 17,385
13,352 351 14,905
10,452 301 15,518
4,747 277 15,646
4,504 279 15,659
802 2,919
1,453 6,961
3,397 16,930
16,667 27,100
8,188 31,840
11,151 29,378
11,616 27,492
9,801 27,240
9,737 27,715
3,308
5,201
11,904
27,300
24,596
26,854
34,236
29478
31,029
33,295 147,213 328,337 3,962 7,737 13,044 8,130 44,490 190,363 2,680 5,359 16,006
680,768 29,042 384,420 72,914
787,516 32,700 482,339 80,295
930,775 39,840 548,763 98,805
981,037 47,407 579,907 109,393
998,419 47,225 586,118 110,675
1
Euro area Austria Belgium Finland France Germany Ireland Italy Netherlands Portugal Spain Australia Japan New Zealand Denmark Greece Iceland Norway Sweden Switzerland United Kingdom Developing countries: 2 Total Africa 2
Asia Europe Middle East
9,349 2,110 2,772 381 1,805
9,436
64,039
44,149
68,465
79,663
93,333
94,989
96,588
2,282
9,089
25,563
64,774
125,927
112,519
150,034
149,341
157,814
Memo: Oil-exporting countries
2,030
9,956
67,108
46,144
63,751
80,962
102,816
105,660
106,682
Non-oil developing 2 countries
7,319
23,339
80,105 282,193
617,017
706,554
827,959
875,376 8,917,337
Western Hemisphere
1 2
Includes data for Luxembourg. Includes data for Taiwan Province of China.
Note-International data is comprised of monetary authorities' holdings of gold (at SDR 35 per ounce), special drawing rights (SDR's), U.S. dollars per SDR (end of period) are: 1952 and 1962--1.08571; 1982--1.10311; 1992--1.37500; 1997--1.3493 Source: International Monetary Fund, International Financial Statistics.
www.plunkettresearch.com Foreign transactions in the national income and product accounts, 1960-2001 (Billions of dollars) Receipts from the rest of the world
Payments to rest of the world
Exports of goods
Imports of goods and
and services Year
Total1 Total
1960 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998
1
Ser1 vices
Receipts of factor income
services Total Total
Goods
1
Ser1 vices
TransFactor income
fer Net pay- foreign ments invest(net) met Total
30.2 43.5 47.2 50.2 55.6 61.2 69.9 73.4 82.6 115.6 154.6 164.4 181.7 196.6 233.5 299.1 360.7 398.4 385.0 379.5 426.0 416.1 431.4 488.5 598.7 686.2 745.5 769.3 787.8 812.5 909.3 1,050.8 1,119.7 1,250.6 1,251.6 1303.6
25.3 35.4 38.9 41.4 45.3 49.3 57.0 59.3 66.2 91.8 124.3 136.3 148.9 158.8 186.1 228.7 278.9 302.8 282.6 277.0 303.1 303.0 320.3 365.6 446.9 509.0 557.2 601.6 636.8 658.0 725.1 818.6 874.2 968.0 966.3 989.8
20.5 27.8 30.7 32.2 35.3 38.3 44.5 45.6 51.8 73.9 101.0 109.6 117.8 123.7 145.4 184.0 225.8 239.1 215.0 207.3 225.6 222.2 226.0 257.5 325.8 371.7 398.5 426.4 448.7 459.7 509.6 583.8 618.4 689.0 681.3 698.3
4.8 7.6 8.2 9.2 10.0 11.0 12.4 13.8 14.4 17.8 23.3 26.7 31.1 35.1 40.7 44.7 53.2 63.7 67.6 69.7 77.5 80.8 94.3 108.1 121.1 137.3 158.6 175.2 188.1 198.3 215.5 234.7 255.8 279.0 285.1 291.5
5.0 8.1 8.3 8.9 10.3 11.9 13.0 14.1 16.4 23.8 30.3 28.2 32.9 37.9 47.4 70.4 81.8 95.6 102.4 102.5 122.9 113.1 111.1 122.9 151.8 177.2 188.3 167.7 151.1 154.4 184.3 232.3 245.6 282.6 285.3 313.8
30.2 43.5 47.2 50.2 55.6 61.2 69.9 73.4 82.6 115.6 154.6 164.4 181.7 196.6 233.5 299.1 360.7 398.4 385.0 379.5 426.0 416.1 431.4 488.5 598.7 686.2 745.5 769.3 787.8 812.5 909.3 1,050.8 1,119.7 1,250.6 1,251.6 1303.6
22.8 31.5 37.1 39.9 46.6 50.5 55.8 62.3 74.2 91.2 127.5 122.7 151.1 182.4 212.3 252.7 293.8 317.8 303.2 328.6 405.1 417.2 452.2 507.9 553.2 589.7 628.6 622.3 664.6 718.5 812.1 902.8 963.1 1,056.3 1,115.9 1,240.6
15.2 22.2 26.3 27.8 33.9 36.8 40.9 46.6 56.9 71.8 104.5 99.0 124.6 152.6 177.4 212.8 248.6 267.8 250.5 272.7 336.3 343.3 370.0 414.8 452.1 484.5 508.0 500.7 544.9 592.8 676.7 757.6 808.3 885.1 930.4 1,046.9
7.6 9.3 10.7 12.2 12.6 13.7 14.9 15.8 17.3 19.3 22.9 23.7 26.5 29.8 34.8 39.9 45.3 49.9 52.6 56.0 68.8 73.9 82.2 93.1 101.1 105.2 120.6 121.6 119.8 125.7 135.4 145.2 154.8 171.2 185.5 193.7
1.8 2.7 3.1 3.4 4.1 5.8 6.6 6.4 7.7 11.1 14.6 14.9 15.7 17.2 25.3 37.5 46.5 60.9 65.9 65.6 87.6 87.8 95.6 109.2 133.4 156.8 159.3 143.0 127.6 130.1 167.5 211.9 227.5 278.4 295.2 320.5
2.4 3.0 3.2 3.4 3.2 3.2 3.6 4.1 4.3 4.6 5.4 5.4 6.0 6.0 6.4 7.5 9.0 13.4 16.1 17.2 20.3 22.1 24.2 23.4 25.4 26.3 26.8 -11.0 34.2 36.8 38.0 34.0 39.8 39.6 42.0 49.0
3.2 6.2 3.9 3.5 1.7 1.8 4.0 0.6 -3.6 8.7 7.1 21.4 8.9 -9.0 -10.4 1.4 11.4 6.3 -0.2 -32.0 -87.0 -110.9 -140.6 -152.0 -113.2 -86.7 -69.2 14.9 -38.7 -72.9 -108.3 -98.0 -110.7 -123.7 -201.5 -306.6
2001: I
1,487.1 1,496.3
1,102.9 1,117.4
785.6 794.2
317.3 323.2
384.2 378.9
1,487.1 1496.3
1,466.9 1,481.2
1,244.9 1,248.7
221.9 232.5
396.3 389.4
54.4 45.9
-430.5 -420.2
II
1,426.5
1,079.6
754.4
325.2
346.9
1426.5
1,427.0
1,197.8
229.2
358.6
47.6
-406.6
III
1,341.9
1,020.6
710.7
309.8
321.3
1341.9
1,315.0
1,145.6
169.4
332.4
49.0
-354.5
1999 2000
1
Goods
33
Certain goods, primarily military equipment purchased and sold by the Federal Government, are included in services. Source: Department of Commerce, Bureau of Economic Analysis.
34
www.plunkettresearch.com
Worldwide growth rates in real gross domestic product, 1980-2001 (Percent change at annual rate) Area and country World
1
1980-89 1990 1992 1993 1994 1995 1996 1998 1999 2000 2001 3.4 2.7 2.5 2.6 3.9 3.7 4.2 2.8 3.6 4.7 2.4
Advanced economies
2.9
2.7
1.9
1.2
3.2
2.5
3.0
2.0
3.3
3.9
1.1
Major industrial countries 2 United States Japan 3 Germany France Italy 4 United Kingdom Canada
2.7 2.7 3.8 1.8 2.3 2.4 2.4 2.9
2.4 1.2 5.1 5.7 2.5 2.2 0.4 0.3
1.8 2.7 1.0 2.2 1.2 0.6 -0.5 0.9
1.0 2.3 0.3 -1.2 -1.3 -1.2 2.1 2.5
2.8 3.5 0.6 2.7 2.8 2.2 4.3 3.9
2.1 2.3 1.5 1.2 2.1 2.9 2.7 2.2
2.8 3.4 3.9 1.3 1.6 0.7 2.2 1.2
2.1 3.5 -2.5 2.6 3.1 2.1 2.3 3.0
3.0 4.1 0.7 1.8 3.0 1.6 2.1 5.1
3.5 4.1 2.2 3.0 3.5 2.9 2.9 4.4
1.0 1.0 -0.4 0.5 2.1 1.8 2.3 1.4
Other advanced economies
3.7
4.0
2.5
2.0
4.6
4.4
3.8
1.4
4.9
5.2
1.5
Developing countries Africa Asia Middle East and Europe Western Hemisphere
4.3 2.5 7.0 2.2 2.2
4.0 2.3 5.6 5.6 1.0
6.6 0.4 9.5 6.5 3.3
6.5 0.7 9.3 3.9 3.9
6.7 2.2 9.6 0.7 5.2
6.1 3.1 9.0 3.8 1.2
6.6 5.8 8.2 4.7 3.5
2.3 3.7 1.8 2.3 2.8
3.9 2.5 6.2 1.1 0.1
5.8 2.8 6.8 5.9 4.1
4.0 3.5 5.6 1.8 1.0
Countries in transition Central and eastern Europe Russia Transcaucasus and central Asia
2.8
-3.5 -14.0
-7.3
-7.1
-1.5
-1.0
-0.2
3.6
6.3
4.9
… …
… -8.7 … -19.4
-3.8 -10.4
-2.8 -11.6
1.6 -4.8
1.6 -5.0
3.4 -6.0
2.0 5.4
3.8 8.3
3.0 5.8
…
… -14.4
-10.1
-10.3
-4.3
4.6
7.8
6.1
1
1.6
4.1
All figures are forecasts as published by the International Monetary Fund.
2
Data for United States as published in the National Income and Product Account benchmark revisions released by the Department of Commerce in October 1999 show the following real GDP growth rates: for the 1981–90 period, 3.2 percent (annual rate); for 1991, -.2 percent; for 1992, 3.3 percent; for 1993, 2.4 percent; for 1994, 4.0 percent; for 1995, 2.7 percent; for 1996, 3.7 percent; for 1997, 4.5 percent; and for 1998, 4.3 percent. The preliminary estimate released by the Department of Commerce for 1999 is 4.0 percent. 3 4
Through 1991 data are for West Germany only. Average of expenditure, income, and output estimates of GDP at market prices. Sources: Department of Commerce (Bureau of Economic Analysis) and International Monetary Fund.
www.plunkettresearch.com Foreign exchange rates, 1969-2001 (Currency units per U.S. dollar, except as noted) Period Belgium Canada France 1
March 1973 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2001: I II III IV
1
35
Germany 1
Italy 1
(franc) 39.408
(dollar) 0.9967
(franc) 4.5156
(mark) 2.8132
(lira) 568.17
50.142 49.656 48.598 44.02 38.955 38.959 36.8 38.609 35.849 31.495 29.342 29.238 37.195 45.781 51.123 57.752 59.337 44.664 37.358 36.785 39.409 33.424 34.195 32.148 34.581 33.426 29.472 30.970 35.807 36.310 … … ... … ... ... ...
1.0769 1.0444 1.0099 0.9907 1.0002 0.978 1.0175 0.9863 1.0633 1.1405 1.1713 1.1693 1.1990 1.2344 1.2325 1.2952 1.3659 1.3896 1.3259 1.2306 1.1842 1.1668 1.146 1.2085 1.2902 1.3664 1.3725 1.3638 1.3849 1.4836 1.4858 1.4855 1.5487 1.5285 1.5411 1.5449 1.5806
5.1999 5.5288 5.51 5.0444 4.4535 4.8107 4.2877 4.7825 4.9161 4.5091 4.2567 4.2251 5.4397 6.5794 7.6204 8.7356 8.98 6.9257 6.0122 5.9595 6.3802 5.4467 5.6468 5.2935 5.6669 5.5459 4.9864 5.1158 5.8393 5.8995 ... … ... … ... ... ...
3.9251 3.6465 3.483 3.1886 2.6715 2.5868 2.4614 2.5185 2.3236 2.0097 1.8343 1.8175 2.2632 2.4281 2.5539 2.8455 2.942 2.1705 1.7981 1.757 1.8808 1.6166 1.661 1.5618 1.6545 1.6216 1.4321 1.5049 1.7348 1.7597 ... … ... … ... ... ...
627.32 627.12 618.34 583.7 582.41 650.81 653.1 833.58 882.78 849.13 831.11 856.21 1138.58 1354 1519.32 1756.11 1908.88 1491.16 1297.03 1302.39 1372.28 1198.27 1241.28 1232.17 1573.41 1611.49 1,629.45 1,542.76 1,703.81 1,736.85 ... … ... … ... ... ...
1
Japan (yen)
European Economic and Monetary Union members include Austria, Belgium, Finland, France, Germany, Ireland, Italy, Luxembourg, Netherlands, Portugal, and Spain.
Table continued on next page.
261.9 358.36 358.16 347.79 303.13 271.31 291.84 296.78 296.45 268.62 210.39 219.02 226.63 220.63 249.06 237.55 237.46 238.47 168.35 144.6 128.17 138.07 145 134.59 126.78 111.08 102.18 93.96 108.78 121.06 130.99 113.73 107.80 121.57 118.25 122.62 121.63 123.74
36
www.plunkettresearch.com
Foreign exchange rates, 1969-2001 (continued) (Currency units per U.S. dollar, except as noted) EMU Period Members Netherlands Sweden Switzerland U.K. 1,2 1 2 (euro) (guilder) (pound) (krona) (franc) Mar-73 ... 2.8714 4.4294 3.2171 2.4724 1969 ... 3.624 5.1701 4.3131 2.3901 1970 ... 3.6166 5.1862 4.3106 2.3959 1971 ... 3.4953 5.1051 4.1171 2.4442 1972 ... 3.2098 4.7571 3.8186 2.5034 1973 ... 2.7946 4.3619 3.1688 2.4525 1974 ... 2.6879 4.4387 2.9805 2.3403 1975 ... 2.5293 4.1531 2.5839 2.2217 1976 ... 2.6449 4.358 2.5002 1.8048 1977 ... 2.4548 4.4802 2.4065 1.7449 1978 ... 2.1643 4.5207 1.7907 1.9184 1979 ... 2.0073 4.2893 1.6644 2.1224 1980 ... 1.9875 4.2310 1.6772 2.3246 1981 ... 2.4999 5.0660 1.9675 2.0243 1982 ... 2.6719 6.2839 2.0319 1.7480 1983 ... 2.8544 7.6718 2.1007 1.5159 1984 ... 3.2085 8.2708 2.3500 1.3368 1985 ... 3.3185 8.6032 2.4552 1.2974 1986 ... 2.4485 7.1273 1.7979 1.4677 1987 ... 2.0264 6.3469 1.4918 1.6398 1988 ... 1.9778 6.1370 1.4643 1.7813 1989 ... 2.1219 6.4559 1.6369 1.6382 1990 ... 1.8215 5.9231 1.3901 1.7841 1991 ... 1.8720 6.0521 1.4356 1.7674 1992 ... 1.7587 5.8258 1.4064 1.7663 1993 ... 1.8585 7.7956 1.4781 1.5016 1994 ... 1.8190 7.7161 1.3667 1.5319 1995 ... 1.6044 7.1406 1.1812 1.5785 1996 ... 1.6863 6.7082 1.2361 1.5607 1997 ... 1.9525 7.6446 1.4514 1.6376 1998 ... 1.9837 7.9522 1.4506 1.6573 1999 1.0653 ... 8.2740 1.5045 1.6172 2000 0.9232 … 9.1735 1.6904 1.5156 2001 0.8952 … 10.3425 1.6891 1.4396 2001: I 0.9220 … 9.7698 1.6636 1.4581 II 0.8736 … 10.4477 1.7505 1.4212 III 0.8908 … 10.5655 1.6930 1.4373 IV 0.8951 … 10.5838 1.6473 1.4426 1
European Economic and Monetary Union members include Austria, Belgium, Finland, France, Germany, Ireland, Italy, Luxembourg, Netherlands, Portugal, and Spain. 2
Value is U.S. dollars.
Note.--Certified noon buying rates in New York.
Source: Board of Governors of the Federal Reserve System.
www.plunkettresearch.com Industrial production, major industrial countries, 1973-2001 (As a percent relative to 1992) Year or United European 1 Union quarter States Canada Japan France
37
United Germany
2
Italy
Kingdom
3
1
2 3 P
Industrial production (1992=100) 77.2 79.0 73.6 77.8 82.0 73.4 72.6 96.0 68.8 78.0 82.0 75.1 79.9 84.0 76.5 82.1 86.0 78.6 85.9 93.0 82.4
1973 1974 1975 1976 1977 1978 1979
70.6 69.6 63.4 69.3 74.9 79.3 82.0
77.0 78.5 72.8 77.6 80.3 83.0 87.1
59.6 57.3 51.2 56.9 59.3 63.0 67.5
73.9 76.8 70.0 78.5 78.0 79.7 85.0
83.6 81.9 77.4 80.0 84.1 86.5 89.9
1980 1981 1982 1983 1984 1985 1986 1987 1988 1989
79.7 81.0 76.7 79.5 86.6 88.0 89.0 93.2 97.4 99.1
84.1 85.8 77.4 82.4 92.4 97.6 96.8 101.6 106.9 106.8
70.6 71.4 71.7 73.9 80.7 83.6 83.5 86.4 95.3 99.9
85.6 84.0 82.9 83.8 85.6 88.4 90.4 92.3 96.1 99.6
93.0 92.3 91.4 90.7 91.2 91.3 91.9 93.0 97.3 100.9
82.6 81.0 78.5 79.0 81.2 84.9 86.6 86.9 90.3 95.0
89.4 87.4 84.7 82.7 85.4 86.6 90.2 92.6 99.1 103.0
84.0 81.3 82.9 85.9 86.0 90.7 92.9 96.6 101.3 103.4
1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 p 2001
98.9 97.0 100.0 103.4 109.1 114.4 119.4 127.1 132.4 139.4 145.7 140.1
102.9 98.9 100.0 104.5 111.3 116.3 118.3 124.8 127.7 136.0 143.5 …
104.1 106.1 100.0 96.5 97.7 100.9 103.2 107.0 99.9 100.8 106.5 …
101.6 101.3 100.0 96.5 101.4 104.8 105.2 109.3 113.1 115.4 120.9 …
102.4 101.2 100.0 96.1 100.0 102.0 102.2 106.2 110.9 115.5 119.4 …
99.9 102.3 100.0 92.4 95.6 96.8 97.4 100.8 105.0 105.6 112.2 …
101.7 101.3 100.0 97.9 103.9 109.2 107.1 111.1 112.3 112.3 117.7 …
103.1 99.7 100.0 102.2 107.7 109.5 110.7 111.8 112.6 114.1 116.1 …
2001:I II III p IV
143.5 141.3 139.6 137.0
141.4 141.2 138.0 …
104.4 100.3 96.3 …
122.6 121.1 120.8 …
120.9 120.8 121.5 …
115.1 113.1 112.7 …
115.8 117.4 117.5 …
113.5 115.1 115.8 …
Consists of Austria, Belgium, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Netherlands, Portugal, Spain, Sweden, and United Kingdom. Prior to 1991, data are for West Germany only. All data exclude construction. Quarterly data are seasonally adusted. Preliminary data.
Sources: Department of Commerce (International Trade Administration, Office of Trade and Economic Analysis), Department of Labor (Bureau of Labor Statistics), and Board of Governors of the Federal Reserve System.
38
www.plunkettresearch.com Consumer prices, major industrial countries, 1973-2001 Year or quarter
1
2 3 P
United States
European 1 Union
2
1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 p 2001
44.4 49.3 53.8 56.9 60.6 65.2 72.6 82.4 90.9 96.5 99.6 103.9 107.6 109.6 113.6 118.3 124.0 130.7 136.2 140.3 144.5 148.2 152.4 156.9 160.5 163.0 166.6 172.2 177.1
40.8 45.2 50.1 53.9 58.1 63.3 69.2 76.1 85.6 94.9 100.4 104.7 109.0 113.5 118.4 123.2 129.3 135.5 143.1 145.3 147.9 148.2 151.4 153.8 156.3 157.8 160.5 164.9 169.1
France Germany Consumer prices (1982-84=100) 47.9 33.5 34.6 62.8 59.0 38.0 39.3 67.1 65.9 43.4 43.9 71.1 72.2 48.6 48.1 74.2 78.1 54.5 52.7 76.9 81.4 59.4 57.5 79.0 84.4 65.6 63.6 82.2 90.9 74.3 72.3 86.7 95.3 83.5 81.9 92.2 98.1 92.3 91.7 97.1 99.8 100.2 100.4 100.3 102.1 107.4 108.1 102.7 104.1 114.0 114.4 104.8 104.8 118.2 117.3 104.7 104.8 122.0 121.1 104.9 105.6 126.5 124.4 106.3 108.1 133.2 128.7 109.2 111.4 140.8 133.0 112.2 115.0 148.1 137.2 116.3 116.9 154.7 140.5 122.1 118.4 160.2 143.5 127.6 119.3 165.2 145.8 131.1 119.1 170.2 148.4 133.5 119.3 174.5 151.4 135.5 121.3 178.0 153.2 137.8 122.1 181.5 154.2 139.1 121.8 184.1 155.0 139.9 121.0 188.7 157.6 142.6 120.1 193.5 160.2 146.2
2001:I II III p IV
175.7 177.5 177.8 177.3
167.3 170.1 170.3 168.8
120.4 120.3 120.0 119.6
Canada
Japan
191.5 193.9 194.2 194.3
158.6 160.6 160.8 160.9
145.1 146.6 146.8 146.2
Italy
United Kingdom
20.6 24.6 28.8 33.6 40.1 45.1 52.1 63.2 75.4 87.7 100.8 111.5 121.1 128.5 134.4 141.1 150.4 159.6 169.8 178.8 186.4 193.7 204.1 212.0 215.7 219.8 226.2 231.9 238.3
27.9 32.3 40.2 46.8 54.2 58.7 66.6 78.5 87.9 95.4 99.8 104.8 111.1 114.9 119.7 125.6 135.3 148.2 156.9 162.7 165.3 169.4 175.1 179.4 185.0 191.4 194.3 200.1 203.6
236.3 238.3 239.1 239.9
201.8 204.3 204.4 204.2
Consists of Austria, Belgium, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Netherlands, Portugal, Spain, Sweden, and United Kingdom. Prior to 1991, data are for West Germany only. All data exclude construction. Quarterly data are seasonally adusted. Preliminary data.
Sources: Department of Commerce (International Trade Administration, Office of Trade and Economic Analysis), Department of Labor (Bureau of Labor Statistics), and Board of Governors of the Federal Reserve System.
www.plunkettresearch.com
39
Chapter 2 IMPORTANT FINANCIAL SERVICES INDUSTRY CONTACTS Addresses, Telephone Numbers and Web Sites CONTENTS: I. II. III. IV. V. VI. VII. VIII. IX. X. XI. XII. XIII. XIV. XV. XVI. XVII. XVIII.
General Information Banks/Banking Business and Financial Magazines Claims Adjusting Associations Corporate Information Economic Data and Research Online Federal Reserve System's 12 District Offices Financial Planners and Advisors Health Care Business and Professional Associations Industry Research/Market Research Insurance Company Ratings Insurance Information Insurance, Agents and Brokers Insurance, Claims Adjusting Assoc. Insurance, Corporate Buyers Insurance, Flood Insurance, Fraud Prevention Assoc. Insurance, International Associations
p. 40 p. 41 p. 41 p. 41 p. 41 p. 42 p. 42 p. 44 p. 44 p. 44 p. 44 p. 45 p. 46 p. 46 p. 47 p. 47 p. 47 p. 47
XIX. XX. XXI. XXII. XXIII. XXIV. XXV. XXVI. XXVII. XXVIII. XXIX. XXX. XXXI. XXXII. XXXIII. XXXIV. XXXV. XXXVI.
Insurance, Life and Health Insurance, Marine Associations Insurance, Nuclear Associations Insurance, Property/Casualty Insurance, Reinsurance Associations Insurance, Residual Market Associations Insurance, State Regulators Associations Insurance, Title Industry Associations Insurance, Workers Compensation Associations IPOs (Initial Public Offerings) Magazines, Business and Financial Mortgages Personal Credit Reports Privacy and Consumer Matters Securities Industry Associations Stock Brokerage Online Stock Market Data U.S. Government Agencies and Sites
p. 48 p. 48 p. 48 p. 48 p. 49 p. 49 p. 49 p. 49 p. 49 p. 50 p. 50 p. 50 p. 51 p. 51 p. 52 p. 53 p. 53 p. 61
40
www.plunkettresearch.com
I. General Information Complaints, Problems with Brokers, Stocks and Investments National Fraud Information Cente r 800-876-7060 www.fraud.org North American Securities Administrators Association 202-737-0900 www.nasaa.org National Association of Securities Dealers 800-289-9999 www.nasd.com U.S. Securities and Exchange Commission 800-SEC-0330 www.sec.gov To get names removed from most mailing lists, write to: Mail Preference Service Direct Marketing Association 1120 Avenue of the Americas New York, NY 10036-6700 Or, go to www.thedma.org/consumers/consumerassistance.html.
Personal Credit Reports Credit bureaus are required by law to investigate and fix errors. For a small yearly fee, you can join Credentials Credit Report Monitoring Services (800262-7432) and get unlimited copies of your TRW report, notification by mail every time a creditor downloads your file and quarterly updates if somebody posts something bad about you. Several other firms offer similar services. Another good service to join to get your credit reports is Experian.com
Financial Planners and Advisors You can get a list of qualified planners in your area by calling 800-282-PLAN. To find out whether a planner is certified or has been publicly censured, call 888-CFP-MARK. On your first visit, ask the planner to show you a copy of Form ADV. This form is supposed to describe the planner's qualifications, record any official comments about the planner's record and tell how much the planner charges for his or her services. Planners make a living on commissions and/or fees. The most objective planners might be the ones who work for a fee – they won't be tempted to push you into the products on which they make the highest commissions. CPAs as Planners: There are 8,000 certified public accountants who specialize in planning. For a list, call the American Institute of CPAs at 800-862-4272. A one-stop information source is available through the American Institute of CPAs at 888-777-7077. Stock Brokers as Planners: The National Council for Individual Investors, at 800-663-8516, will send you, for a small fee, its annual survey rating 40 of the largest brokerage firms on such things as commissions and disciplinary history. The survey also gives the specialties of the firms, Attorneys as Planners and Estate Advisers (www.actec.org): You can receive a list of attorneys who each have at least ten years of experience in trust and estate work. Write to The American College of Trust and Estate Counsel, 3415 South Sepulveda Boulevard, Suite 330, Los Angeles, CA 90034. Such attorneys should be consulted by individuals seeking the best way to leave their estates to their heirs, including methods that will create the lowest inheritance tax burden. Insurance Agents as Financial Planners: Many insurance agents are also certified as chartered financial consultants, which means they have passed the same test as many financial planners. Every state has an insurance commissioner’s office where you can find out whether complaints have been lodged against a particular agent.
www.plunkettresearch.com
II. Banks/Banking American Banker www.americanbanker.com American Banker is an online magazine published Monday through Friday and offering subscribers news on a broad spectrum of business and financial topics, as well as reports and research tools. American Bankers Association www.aba.com The ABA represents banks of all sizes on issues of national importance for financial institutions and their customers. The site offers financial information and solutions, financial news and member access to further advice and content. Bank Rate Monitor Bankrate.com 11811 U.S. Highway 1 North Palm Beach, FL 33408 Phone: 561-630-2400 Fax: 561-625-4540 www.bankrate.com Bankrate.com, an online publication, provides online customers with financial data, research and editorial information on non-investment financial products. News, educational information, links and more are featured in this comprehensive site.
III. Business and Financial Magazines Financial Times www.ft.com Financial Times covers news and stock information, allows users to keep up with a profile and gives specific company information. Investor's Business Daily www.investors.com This site offers subscribers information and articles on the stock market, educational resources, advice from analyst William O'Neil, personal portfolios and updates on events and workshops.
IV. Claims Adjusting Associations American Association of Health Claims 1129 20th St. NW Ste. 600
Washington, D.C. 20036 Phone: 202-778-3200 Fax: 202-331-7487 www.aahp.org The AAHP is the nation's principal association of health plans. Its online content includes links, partners, news, issues of its magazine and information about the industry.
V. Corporate Information bizjournals.com www.bizjournals.com Operated by the American Business Journals firm, the publisher of dozens of leading city business journals nationwide, you can use this site for research into the latest news regarding companies small and large. Business Wire www.businesswire.com Business Wire strives to deliver news in an appropriate and innovative manner. Smart News releases, industry-specific and company-specific news, today's headlines, conference calls, IPOs on the Internet, media services, Tradeshownews.com and BW Connect Online are all accessible through this informative and constantly updated site. CNNfn Home Page www.money.cnn.com The same in-depth financial information that this cable television financial news unit provides to television viewers can be found on this web site. Disclosure www.disclosure-investor.com An integrated site offering financial information from Disclosure, Inc., Datastream International, Vestek Systems and I/B/E/S. Each of these Primark subsidiaries are leaders in the financial information field. Edgar Online www.edgar-online.com EDGAR provides subscribers with alerts when the SEC receives filings from companies of interest. Hoover's Online Toll Free: 800-486-8666 Phone: 512-374-4500 Fax: 512-374-4505
41
42
www.plunkettresearch.com
www.hoovers.com Austin, Texas-based Hoover's provides business information online through its web site. This comprehensive site features links to news, lists, stock quotes and other products such as Hoover's Industry Snapshots. This site offers over 50,000 company capsules (brief company descriptions and financials) and thousands of in-depth company profiles (company histories, strategies, market positions, major events and other information). The profiles cover U.S. and foreign public and nonpublic companies and are written in an engaging style. These snapshots are provided free-of-charge. PRNewswire 810 7th Ave., 35th Fl. New York, NY 10019 Toll Free: 800-832-5522 Phone: 212-596-1500 www.prnewswire.com Email:
[email protected] PR Newswire provides comprehensive communications services for public relations and investor relations professionals ranging from information distribution and market intelligence to the creation of online multimedia content and investor relations web sites. Silicon Investor InfoSpace Inc 601 108th Ave NE, Ste. 1200 Bellevue, WA 98004 Phone: 425-201-6100 Fax: 425-201-6150 www.siliconinvestor.com Silicon Investor is focused on technology companies. The site serves as a financial discussion forum and offers quotes, profiles and charts.
VI. Economic Data and Research Online Bloomberg www.bloomberg.com Bloomberg.com offers articles and news on business happenings, as well as updated stock information, a personal portfolio, investment advice and message boards. Dismal Scientist www.economy.com/dismal/ Dismal Scientist is geared towards small business owners and students and offers economic data and
analysis (written by economists) at the metro, state and national level. EconData http://inforumWeb.umd.edu/Econdata.html The home page for the EconData service of Inforum at the University of Maryland, this site features several hundred thousand economic time series produced by a number of U.S. Government agencies. Economic Information Systems, Inc. www.econ-line.com This site offers free analysis of economic conditions and trends for the nation, all 50 states, and 60 metro areas. The information includes downloadable data and charts. FedStats www.fedstats.gov FedStats compiles information to statistics from over 100 U.S. federal agencies. Visitors can sort the information by agency, geography and topic, as well as perform searches.
VII. Federal Reserve System's 12 District Offices Eighth District - ST. LOUIS 411 Locust St. St. Louis , MO 63102 Phone: 314-444-8444 www.stls.frb.org This site represents the operations for one of 12 regional Reserve Banks that serve as the nation's central bank. It includes information on the bank, community affairs, economic research and education and financial services. Eleventh District - DALLAS 2200 N. Pearl St. Dallas, TX 75201 Phone: 214-922-6000 www.dallasfed.org This site represents the operations for one of 12 regional Reserve Banks that serve as the nation's central bank. It includes information on the bank, community affairs, economic research and education and financial services, as well as information on the Center for Latin American Economics.
www.plunkettresearch.com
Fifth District - RICHMOND 701 E. Byrd St. Richmond, VA 23219 Phone: 804-697-8000 www.rich.frb.org This site represents the operations for one of 12 regional Reserve Banks that serve as the nation's central bank. It includes information on the bank, community affairs, economic research and education and financial services, as well as resources for educators and students and a speeches and news section. First District - BOSTON 600 Atlantic Ave. Boston, MA 2106 Phone: 617-973-3000 www.bos.frb.org This site represents the operations for one of 12 regional Reserve Banks that serve as the nation's central bank. It includes information on the bank, community affairs, economic research and education and financial services, as well as news, events and publications. Fourth District - CLEVELAND 1455 East Sixth St. Cleveland, OH 44101 Phone: 216-579-2000 www.clev.frb.org This site represents the operations for one of 12 regional Reserve Banks that serve as the nation's central bank. It includes information on the bank, community affairs, economic research and education and financial services, as well as economic trends and information on the Central Bank Institute, a financial education institution. Ninth District - MINNEAPOLIS 90 Hennepin Ave. Minneapolis, MN 55401 Phone: 612-204-5000 www.minneapolisfed.org This site represents the operations for one of 12 regional Reserve Banks that serve as the nation's central bank. It includes information on the bank, community affairs, economic research and education and financial services, as well as information for financial institutions. Second District - NEW YORK 33 Liberty St. New York, NY 10045
Phone: 212-720-5000 www.ny.frb.org This site represents the operations for one of 12 regional Reserve Banks that serve as the nation's central bank. It includes information on the bank, community affairs, economic research and education and financial services, as well as wireless access through cell phones or personal digital assistants during select hours. Seventh District - CHICAGO 230 South LaSalle St. Chicago, IL 60604 Phone: 312-322-5322 www.chicagofed.org This site represents the operations for one of 12 regional Reserve Banks that serve as the nation's central bank. It includes information on the bank, community affairs, economic research and education and financial services, as well as consumer information. Sixth District - ATLANTA 104 Marietta St. Atlanta, GA 30303 Phone: 404-521-8500 www.frbatlanta.org Tenth District - KANSAS CITY 925 Grand Ave. Kansas City, MO 64198 Phone: 816-881-2000 www.kc.frb.org This site represents the operations for one of 12 regional Reserve Banks that serve as the nation's central bank. It includes information on the bank, community affairs, economic research and education and financial services, as well as publications and education resources. Third District - PHILADELPHIA Ten Independence Mall Philadelphia , PA 19106 Phone: 215-574-6000 www.phil.frb.org This site represents the operations for one of 12 regional Reserve Banks that serve as the nation's central bank. It includes information on the bank, community affairs, economic research and education and financial services, as well as consumer resources.
43
44
www.plunkettresearch.com
Twelfth District - SAN FRANCISCO 101 Market St. San Francisco, CA 94105 Phone: 415-974-2000 www.frbsf.org This site represents the operations for one of 12 regional Reserve Banks that serve as the nation's central bank. It includes information on the bank, community affairs, economic research and education and financial services, as well as services for financial institutions.
VIII. Financial Planners and Advisors American Institute of CPAs www.aicpa.org This site provides information and news for CPAs, news on the organization and a search for accounting firms. Attorneys as Planners and Estate Advisers www.actec.org Users can find a list of attorneys who each have at least 10 years of experience in trust and estate work, as well as related links, frequently asked questions and a death and taxes video. Financial Planners and Advisors www.cfp-board.org This site explains the reasons behind and the process of certification for financial planners and advisors. Consumers can find information on choosing a financial planner, and the site offers a phone number to call to find out about a particular planner, 888CFP-MARK.
IX. Health Care Business and Professional Associations Health Insurance Association of America 1201 F St. NW, Ste. 500 Washington, DC 20004 Phone: 202-824-1600 www.hiaa.org The HIAA is the nation’s most prominent trade association representing the private health care system. Its web site offers news, insurance education, consumer information, research, publications and marketplace information. Visitors can also find the web sites for the association's members.
X. Industry Research/Market Research Debbie Flanagan’s Industry Information http://home.sprintmail.com/~debflanagan/industry.ht ml This site provides a wealth of information about where and how to get industry-specific information. The links prove extremely useful for job seekers and researchers of all types. Marketresearch.com www.marketresearch.com This firm is a leading broker for market research and industry analysis written by professionals. The site lets users search the company's database of market research publications. Mindbranch www.mindbranch.com This firm is a broker for industry research prepared by market research professionals. Users can browse the research separated by different industries. Multex Investor www.multexinvestor.com This site is a good source for access to industry and company reports written by professional stock and business analysts. It also offers news and advice on stocks, funds and personal finance. Plunkett Research, Ltd. PO Drawer 541737 Houston, TX 77254-1737 Phone: 713-932-0000 Fax: 713-932-7080 www.plunkettresearch.com Provides information about Plunkett’s business and career reference books. Visitors can access sample chapters online that are valuable to job seekers.
XI. Insurance Company Ratings A.M. Best Co. Ambest Rd. Oldwick, NJ 8858 Phone: 908-439-2200 Fax: 908-439-2433 www.ambest.com A.M. Best offers comprehensive data covering all aspects of the insurance industry. Its site offers
www.plunkettresearch.com
ratings and analysis, news publications, insurance resources and products and services.
on all types of insurance, as well as facts, statistics, interviews and hot topics and issues.
Duff & Phelps Credit Rating Company 311 S. Wacker Drive, Ste. 4200 Chicago, IL 60606 Phone: 312-697-4600 www.duffllc.com Duff and Phelps provides investment banking and financial advisory services. The site offers an explanation of their services and contact information.
Insurance News Network www.insure.com This site delivers accurate, unbiased insurance news for consumers, helping the public navigate the insurance industry with tips and in-depth stories. Expert guidance on auto, homeowners, health, life and business insurance and annuities is given. Insurance News Network is an independent news site that does not sell insurance and is not operated by an insurance company.
Moody's Investor's Service, Inc. 99 Church St. New York, NY 10007 Phone: 212-553-1658 www.moodys.com Moodys.com provides credit rating, research and risk information and analyst information for consumers. Standard & Poor's Corporation 55 Water St. New York, NY 10041 Phone: 212-438-2000 www.standardandpoors.com The Standard and Poor's site offers news and business analysis, ratings listings and news, stock information and financial ratings resource information.
XII. Insurance Information American Association of Insurance Services 1745 S. Naperville Rd. Wheaton, IL 60187-8132 Phone: 630-681-8347 Fax: 630-681-8356 www.aais.org AAIS is a product development resource for property/casualty insurers. The site covers insurance news, affiliation lists, insurance factbooks, agent information and product support, as well as explanations of various insurance lines. Insurance Information Institute 110 William St. New York, NY 10038 Phone: 212-346-5500 www.iii.org The goal of the Insurance Information Institute is to improve public understanding of insurance—what it does and how it works. The site provides information
Insurance Research Council 718 Providence Rd. Malvern, PA 19355-0725 Phone: 610-644-2212 Fax: 610-640-5388 www.ircweb.org The IRC provides research to all parties involved in public policy issues affecting risk and insurance. Its site offers information on the latest public policy issues, the group's products and research links. Insurance Services Office, Inc. 545 Washington Blvd. Jersey City, NJ 07310-1686 Toll Free: 800-888-4ISO Fax: 201-748-1472 www.iso.com ISO supplies statistical, actuarial, underwriting and claims information. Its site offers information on fire and building codes, international insurance operations, products offered and conference schedules, as well as insurance analysis. InsWeb www.insweb.com InsWeb operates an online insurance marketplace that enables consumers to shop online for a variety of insurance products, including automobile, term life, homeowner's, renter's and individual health insurance. Surety Association of America 1101 Connecticut Ave. NW, Ste. 800 Washington, D.C. 20036 Phone: 202-463-0600 Fax: 202-463-0606 www.surety.org The SAA is a non-profit, unincorporated association of companies engaged in the business of suretyship.
45
46
www.plunkettresearch.com
The web site offers information on the latest industry issues, news and information, links and other aspects of surety corporations and operations.
XIII. Insurance, Agents and Brokers American Association of Managing General Agents 13214 W. 62nd Terr., Ste. 163 Shawnee, KS 66216 Phone: 913-851-7949 Fax: 913-851-3652 www.aamga.org Email:
[email protected] The AAMGA serves the insurance industry and promotes prosperity for its member companies and the industry they serve. The site lists information about its members, offers educational information and provides various resources and links for the industry. Council of Insurance Agents and Brokers 701 Pennsylvania Ave. NW, Ste. 750 Washington, D.C. 20004 Phone: 202-783-4400 Fax: 202-783-4410 www.ciab.com Email:
[email protected] The Council of Insurance Agents and Brokers is the premiere association for commercial insurance and employee benefits intermediaries in the U.S. and abroad. Independent Insurance Agents of America, Inc. 127 South Peyton St. Alexandria , VA 22314 Toll Free: 800-221-7917 Phone: 703-683-4422 Fax: 703-683-7556 www.independentagent.com Email:
[email protected] National Association of Health Underwriters 2000 N. 14th St., Ste. 450 Arlington, VA 22201 703-276-0220 703-841-7797 www.nahu.org National Association of Life Underwriters 2901 Telestar Ct. Falls Church, VA 22042-1205
Phone: 877-866-2432 Fax: 703-770-8100 www.naifa.org Formerly known as National Association of Life Underwriters, this organization has changed its name to National Association of Insurance and Financial Advisors (NAIFA). National Structured Settlements Trade Association 1800 K St. NW, Ste. 718 Washington, D.C. 20006 Phone: 202-466-2714 Fax: 202-466-7414 www.nssta.com The NSSTA advances the use of structured settlements as a means of using periodic payments to resolve personal injury claims, workers compensation and other types of claims. Professional Insurance Agents 25 Chamberlain St. Glenmont, NY 12077 Toll Free: 800-424-4244 Phone: 703-836-9340 Fax: 888-225-6935 www.piaonline.org The PIA is a group of voluntary, membership-based trade associations representing professional, independent property and casualty insurance agents.
XIV. Insurance, Claims Adjusting Associations Insurance Value Added Network Services 1455 E. Putnam Ave. Greenwich, CT 06870-1307 Toll Free: 800-288-4826 Phone: 203-698-1900 Fax: 203-601-4557 www.ivans.com Email:
[email protected] IVANS is an industry network, providing a focal point for conducting business in the insurance industry electronically. National Association of Independent Insurance Adjusters 300 W. Washington St. Chicago, IL 60606 Phone: 312-853-0808 Fax: 312-853-3225
www.plunkettresearch.com
www.naiia.com Email:
[email protected] The NAIIA is an association of approximately 350 independently owned property and casualty claims companies throughout the United States.
XV. Insurance, Corporate Buyers Risk and Insurance Management Society, Inc. 655 Third Ave., 2nd Fl. New York, NY 10017 Phone: 212-286-9292 Fax: 212-986-9716 www.rims.org RIMS.org offers risk management information to its users through current government affairs news, a risk management directory, research and various newsletters. It also sells books on different aspects of finances.
XVI. Insurance, Flood Federal Emergency Management Agency 500 C St. SW Washington, D.C. 20472 Phone: 202-646-4600 Fax: 202-646-3445 www.fema.gov FEMA exists to reduce loss of life and property and protect the nation's infrastructure from all types of hazards. The site has information regarding floods, fires, storms, terrorism and other disaster informatio n regarding assistance, recovery and preparation.
XVII. Insurance, Fraud Prevention Associations Coalition Against Insurance Fraud 1012 14th St. NW, Ste. 200 Washington, D.C. 20005 Phone: 202-393-7330 Fax: 202-393-7329 www.insurancefraud.org The Coalit ion is the only national organization dedicated exclusively to fighting insurance fraud through public advocacy and public education. It offers online fraud news and articles, a legislative scorecard, research and related links.
MIB, Inc. (Medical Information Bureau) Phone: 781-329-4500 www.mib.com This site provides information, news and advice for insurance consumers. National Insurance Crime Bureau 10330 South Roberts Rd. Palos Hills , IL 60465 Toll Free: 800-447-6282 Fax: 708-430-2446 www.nicb.org The NICB partners with insurers and law enforcement agencies to facilitate the identification, detection and prosecution of insurance criminals. The site explains the various services and offers information about upcoming events and related news.
XVIII. Ins urance, International Associations International Insurance Council 900 19th St. NW, Ste. 250 Washington , D.C. 20006 Phone: 202-682-2345 Fax: 202-682-4187 www.iicdc.org The IIC represents life and health and property/casualty insurers, reinsurers, pension and financial management companies, trade associations and insurance service providers interested in international business. The site offers newsletters to its members, information on advocacy, research and links. International Insurance Society, Inc. 101 Murray St. New York, NY 10007 Phone: 212-815-9294 Fax: 212-815-9297 www.iisonline.com The IIS helps connect the international insurance world, giving members and interested parties opportunities to share ideas, create relationships and gain knowledge from one another. The site provides information on seminars, the latest news and IIS membership. Overseas Private Investment Corporation 1100 New York Ave. NW Washington , D.C. 20527 Phone: 202-336-8400 Fax: 202-336-8799
47
48
www.plunkettresearch.com
www.opic.gov Government agency OPIC offers political risk insurance and loans to help U.S. businesses of all sizes invest and compete in more than 140 emerging markets and developing nations worldwide. Its site offers information on the organization, insurance, finance, funds, links for investors and different publications.
Fax: 860-561-4655 www.AmNucIns.com ANI pools the financial assets pledged by member companies to provide property and liability insurance for nuclear power plants and related facilities throughout the world.
XXII. Insurance, Property/Casualty XIX. Insurance, Life and Health American Council of Life Insurers 1001 Pennsylvania Ave. NW, Ste. 500 S Washington, D.C. 20004 Phone: 202-624-2000 Fax: 202-624-2319 www.acli.com The ACLI advocates the interests of life insurers and their policyholders before federal and state legislators, state insurance departments, administration officials, federal regulatory agencies and the courts.
XX. Insurance, Marine Associations American Institute of Marine Underwriters 14 Wall St. New York, NY 10005 Phone: 212-233-0550 Fax: 212-227-5102 www.aimu.org The AIMU provides an active program of support services to assist the U.S. marine insurance industry. Island Marine Underwriters Association 111 Broadway New York, NY 10006 Phone: 212-233-7958 Fax: 212-732-3451 www.imua.org The IMUA serves as the collective voice of the U.S. inland marine insurance industry.
XXI. Insurance, Nuclear Associations American Nuclear Insurers 29 S. Main St. West Hartford, CT 06107 Phone: 860-561-3433
Alliance of American Insurers 3025 Highland Pkwy., Ste. 800 Downers Grove, IL 60515-1289 Phone: 630-724-2100 Fax: 630-724-2190 www.allianceai.org The Alliance of American Insurers represents the interests of more than 325 property/casualty insurers from coast to coast. American Insurance Association 1130 Connecticut Ave. NW, Ste. 1000 Washington , D.C. 20036 Phone: 202-828-7100 Fax: 202-293-1219 www.aiadc.org The American Insurance Association is a leading property and casualty insurance trade organization, representing companies that offer all types of property and casualty insurance. American Insurance Services Group, Inc. 545 Washington Blvd. Jersey City, NJ 07310 Toll Free: 800-888-4476 Fax: 201-748-1472 www.iso.com/AISG/index.html AISG administers industry-wide databases open to insurers, state workers' compensation funds, selfinsureds and third-party administrators. National Association of Independent Insurers 2600 River Rd. Des Plaines, IL 60018 Phone: 847-297-7800 Fax: 847-297-5064 www.naii.org Email:
[email protected] NAII is the nation's largest full-service property and casualty trade association, representing more than 690 members.
www.plunkettresearch.com
National Association of Mutual Insurance Companies 3601 Vincinnes Rd. Indianapolis, IN 46268 Phone: 317-875-5250 Fax: 317-879-8408 www.namic.org NAMIC is a national trade association representing the interests of more than 1,300 property and casualty insurance companies.
XXIII. Insurance, Reinsurance Associations Reinsurance Association of America 1301 Pennsylvania Ave., Ste. 900 Washington, D.C. 20004 Phone: 202-638-3690 Fax: 202-638-0936 www.reinsurance.org The Reinsurance Association of America is a nonprofit trade association of reinsurers and reinsurance brokers.
XXIV. Insurance, Residual Market Associations Automobile Insurance Plans Service Office 302 Central Ave. Johnston, RI 02919 Phone: 401-946-2310 Fax: 401-528-1350 Property Insurance Plans Service Office 27 School St., Ste. 302 Boston, MA 02108 Phone: 617-371-4175 Fax: 617-371-4177 www.pipso.com PIPSO promotes the efficient and economical operation of the state residual property insurance plans by encouraging research and sharing of operating knowledge and technologies, collecting and disseminating statistics related to the operation of the plans and by providing education, training and other services to plans and to insurers.
XXV. Insurance, State Regulators Associations National Association of Insurance Commissioners 120 W. 12th St., Ste. 1100 Kansas City, MO 64105 Phone: 816-842-3600 Fax: 816-471-7004 www.naic.org The NAIC is the organization of insurance regulators from the 50 states, the District of Columbia and the four U.S. territories.
XXVI. Insurance, Title Industry Associations American Land Title Association 1828 L St. NW, Ste. 705 Washington, D.C. 20036 Toll Free: 800-787-ALTA Phone: 202-296-3671 Fax: 202-223-5843 www.alta.org ALTA is the national trade association and voice of the abstract and title insurance industry.
XXVII. Insurance, Workers Compensation Associations Federal Reserve Bank of Minneapolis 90 Hennepin Ave. Minneapolis, MN 55480-0291 Phone: 612-204-5000 http://woodrow.mpls.frb.fed.us This site provides users with a variety of publications, studies, research results and consumer information and education. National Council on Compensation Insurance 901 Peninsula Corporate Cir. Boca Raton, FL 33487 www.ncci.com NCCI is a shared-services organization committed to the collection, management, and distribution of information that serves the workers compensation industry and all of its stakeholders. Workers’ Compensation Research Institute 955 Massachusetts Ave. Cambridge , MA 02139 Phone: 617-661-9274
49
50
www.plunkettresearch.com
Fax: 617-661-9284 www.wcrinet.org The WCRI is an independent, non-profit research organization providing high-quality, objective information about public policy issues involving workers' compensation systems.
business guides, career information, business school advice, daily news briefs and more. Economist www.economist.com Tracking global and domestic economic, political and technological trends, the Economist is full of informative articles and commentary.
XXVIII. IPOs (Initial Public Offerings) Alert IPO www.ostman.com/alert-ipo This site provides subscribers with email alerts on IPO-related SEC filings, weekly reports summarizing the information about the companies that have filed, priced, postponed or withdrawn in the last week and a nightly news feed summarizing the day's events plus the expected pricings over the next couple of days. IPO Data Systems www.ipodata.com In-depth data on recent initial public offerings is provided here. IPO Maven www123jump.com/ipomaven.htm This site features both historical and current information on initial public offerings for investors.
Forbes Online www.forbes.com Forbes Online offers varied stock information, news and commentary on business, technology and personal finance, as well as various financial calculators and advice. Fortune www.fortune.com One of the world’s premiere business magazines, Fortune contains information on business profiles, investing, careers, small business, technology, news and other details on U.S. and international business. Wall Street Journal Online (The) www.wsj.com The outstanding resources of The Wall Street Journal are now available online for a nominal fee.
XXX. Mortgages Open IPO www.openipo.com This site, run by W.R. Hambrecht, focuses on ferreting out new and emerging companies. The site features information on research methods and capabilities, IPOs, an investor center and more. Wit Capital www.witcapital.com Wit Capital is an investment banking and brokerage firm that develops relationships with substantial numbers of online individual investors.
E-Loan www.eloan.com This site provides information concerning financing home purchases, refinancing, home equity, mortgage management, rates and more. Visitors can check loan status online. Fannie Mae www.homepath.com This site, powered by Fannie Mae, helps users find a home, get the most out of their current home or find lenders and other services that will assist in the purchase of a home.
XXIX. Magazines, Business and Financial Business Week Online www.businessweek.com This informative and useful online version of Business Week magazine offers an investor service, global business advice, technology news, small
Federal Consumer Information Center Room G-142 (XC) 1800 F St., NW Washington, D.C. 20405 Phone: 202-501-1794 www.pueblo.gsa.gov This site offers information and resources for consumers on topics such as cars, children,
www.plunkettresearch.com
education, hous ing, small business and more, as well as current consumer news. Homeowners Finance Center Phone: 877-269-6466 www.homeowners.com This site is an excellent resource for information concerning mortgages, featuring a mortgage databank with a complete listing of available resources. The site provides a RateWatch and Market Commentary archive for easy trend watching. IOwn.com www.iown.com This site allows for house hunting and online loan applications. Rate information and other tools are available here, as well as company information and news. Moving services and a rate shopper are among the new features on this site. Irwin Mortgage www.mortgage-mart.com This site offers information on loans and mortgages and lets users find branches in their area and calcula te mortgage rates and possibilities. LendingTree www.lendingtree.com This site serves as an online loan center that connects borrowers with a network of lenders nationwide with exceptional speed and efficiency. LendingTree's simple online forms allow borrowers to provide required information in a matter of minutes. Additionally, the site's network of some of the most respected financial institutions in the United States allows for quick loan offers—often in less than 48 hours. Mortgage 101 www.mortgage101.com This site lets users find information on rates and local companies, as well as apply for financing. It also has various calculators concerning refinancing, renting or buying and how much to afford. Mortgage Bankers Association of America 1919 Pennsylvania Ave. NW Washington, D.C. 20006-3438 Phone: 202-557-2700 www.mbaa.org The MBA represents the real estate finance industry by representing its legislative and regulatory interests before Congress and federal agencies, providing
educational programs and periodicals and publications and supporting its business interests with research initiatives, products and services. Mortgage.com Phone: 877-406-2967 www.mortgage.com Visitors can apply for loans or find information on mortgages, home buying, refinancin g, debt consolidation and more. National Mortgage Loan Directory www.mortgageloan.com This site strives to meet the needs of borrowers by offering a place to locate a mortgage professional in the user's area. Facilitating home loans, home financing, credit reports, purchasing and refinancing, this site also offers information concerning interrelated services.
XXXI. Personal Credit Reports Experian Toll Free: 888-397-3742 www.experian.com This site offers country-specific information on credit advice, investigation, reports and credit management, as well as a consumer knowledge center. Personal Credit Reports Toll Free: 800-262-7432 Credit bureaus are required by law to investigate and fix errors. For a small yearly fee, you can join Credentials Credit Report Monitoring Services and get unlimited copies of your TRW report, notification by mail every time a creditor downloads your file and quarterly updates if somebody posts something bad about you. Several other firms offer similar services.
XXXII. Privacy and Consumer Matters National Fraud Information Center Toll Free: 800-876-7060 www.fraud.org This site covers all types of fraud and provides information about reporting fraud, as well as listing fraud alerts. North American Securities Administrators Association 10 G St., Ste. 710
51
52
www.plunkettresearch.com
Washington, D.C. 20002 Phone: 202-737-0900 www.nasaa.org The NASAA is the oldest international organization devoted to investor protection.
www.cme.com Chicago Mercantile Exchange is an international marketplace that brings together buyers and sellers of derivatives products that trade on its trading floors, on its GLOBEX® electronic trading system and through privately negotiated transactions.
XXXIII. Securities Industry Associations
Chicago Stock Exchange 440 S. LaSalle St. Chicago , IL 60605 Phone: 312-663-2222 www.chicagostockex.com
American Stock Exchange 86 Trinity Place New York, NY 10006 212-306-1000 www.amex.com Bond Markets Association 40 Broad St., 12th Fl. New York, NY 10004 Phone: 212-440-9400 Fax: 212-440-5260 www.bondmarkets.com The Bond Markets Association represents securities firms and banks that underwrite, trade and sell debt securities, both domestically and internationally. Boston Stock Exchange, Inc. 100 Franklin St. Boston, MA 02110 Phone: 617-235-2000 www.bostonstock.com Chicago Board of Trade 141 W. Jackson Blvd. Chicago, IL 60604 Phone: 312-435-3500 www.cbot.com This site informs visitors about the world's oldest, largest and leading futures and options marketplace. Section features include news and views, market information, a library and a book store. Chicago Board Options Exchange 400 S. LaSalle St. Chicago, IL 60605 Phone: 877-THE-CBOE Fax: 312-786-5600 www.cboe.com Chicago Mercantile Exchange 30 S. Wacker Drive Chicago, IL 60606 Toll Free: 800-331-3332 Fax: 312-930-1000
Cincinnati Stock Exchange 440 S. LaSalle St., Ste. 2600 Chicago, IL 60605 Phone: 312-786-8803 www.cincinnatistock.com Futures Industry Association, Inc. 2001 Pennsylvania Ave. NW, Ste. 600 Washington, D.C. 20006 Phone: 202-466-5460 www.fiafii.org Full of useful information, this site offers a huge yellow pages section, the current issue of FIA magazine online, an educational section, news and information on conferences and products, a press center, organizational infor mation and contact information. Investment Company Institute 1401 H St. NW, Ste. 1200 Washington, D.C. 20005-2148 Phone: 202-326-5800 www.ici.org The ICI is the national association of the American investment company industry, and it represents its members in matters of legislation, regulation, taxation, public information, economic and policy research, business operations and statistics. NASD Regulation www.nasdr.com NASD Regulation, Inc. is the independent subsidiary of the National Association of Securities Dealers, Inc., charged with regulating the securities industry and The Nasdaq Stock Market. Through its many departments and offices, NASD Regulation's jurisdiction extends to over 5,400 firms with over 88,000 branch offices and 673,000 securities industry professionals.
www.plunkettresearch.com
Nasdaq-Amex.com www.nasdaq.com In November 1998, the National Association of Securities Dealers, Inc. (NASD) and the American Stock Exchange (Amex) officially joined forces. As a result of this merger, The Nasdaq-Amex Market Group was formed, creating one of the most advanced, efficient and globally competitive markets in the world.
Securities Industry Association 120 Broadway, 35th Fl. New York, NY 10271-0080 Phone: 212-608-1500 Fax: 212-968-0703 www.sia.com The Securities Industry Association brings together the shared interests of nearly 700 securities firms to accomplish common goals.
National Association of Securities Dealers, Inc. 1735 K St. NW Washington, DC 20006 Phone: 202-728-8000 Fax: 202-293-6260 www.nasd.com The National Association of Securities Dealers is the largest securities-industry self-regulatory organization in the United States.
Securities Investor Protection Corporation 805 15th St. NW, Ste. 800 Washington, D.C. 20005-2215 Phone: 202-371-8300 www.sipc.org The Securities Investor Protection Corporation acts as trustee or works with an independent courtappointed trustee in missing asset cases to recover funds.
National Securities Clearing Corp. 55 Water St., 22nd Fl. New York, NY 10041 Phone: 212-412-8400 NSCC is a leading provider of centralized clearance, settlement and information services to the financial services industry.
Security Traders Association 420 Lexington Ave., Ste. 2334 New York, NY 10170 Phone: 212-867-7002 Fax: 212-867-7030 www.securitytraders.org The STA is a professional trade organization that works to improve the ethics, business standards and working environment for members, who are engaged in the buying, selling and trading of securities.
New York Stock Exchange www.nyse.com The NYSE's site features extensive market information, listed company information, international viewpoints, market regulation data, educational information and more. Pacific Stock Exchange, Inc. 115 Sansome St. San Francisco, CA 94104 Phone: 415-393-4000 www.pacificex.com The Pacific Exchange is a marketplace where individual and institutional investors, professional broker-dealers, and registered member firms buy and sell stocks, bonds and other securities issued by publicly traded companies, as well as options. Philadelphia Stock Exchange 1900 Market St. Philadelphia , PA 19103 Toll Free: 800-THE-PHLX Phone: 215-496-5000 Fax: 215-496-5460 www.phlx.com
XXXIV. Stock Brokerage Online Ameritrade 1005 N. Ameritrade Place Bellevue, NE 68005 Phone: 816-243-3769 www.ameritrade.com Online products offered by this site include stocks, mutual funds and options.
XXXV. Stock Market Data 10-K Wizard www.10kwizard.com Email:
[email protected] This site provides high-quality financial data and filings. Users have access to filings, financial data, analysis and downloadable data.
53
54
www.plunkettresearch.com
A.B. Watley 40 Wall St. New York, NY 10005 Toll Free: 888-229-2859 Fax: 212-425-1334 www.abwatley.com Dynamic real-time exchange information and federal data is seamlessly integrated with point-and-click electronic execution here. Trades are confirmed onscreen in seconds. Offers on e-products, free data, a chat room and research facilities are additionally offered through the Ultimate Trader and Watley Trader services found here. ADR.com www.adr.com This site offers comprehensive company-specific data for investors interested in the American Depository receipt stocks and foreign firms. Visitors can choose from news, quotes, analyst estimates, institutional ownership and more. ADR.com allows for viewing of global, national and local economic analysis as well as for industry sector research. This site pinpoints what's hot and what's not. Advisor www.americanexpress.com/advisors/ This site offers a number of calculators useful for financial planning to all site users and offers a fund tracker, information on working with an advisor, personalized financial advice, news and more. Additionally, visitors can create and track an individually-created financial profile. Armchair Millionaire www.armchairmillionaire.com Armchair Millionaire's amusing and informative site is dedicated to helping the average person become financially independent without "budgeting all the fun out of life." This site's goal is to help the user build a million-dollar portfolio through "Five Steps to Financial Freedom." Essential tools and information are presented on the site free-of-charge. BestCalls 15951 Los Gatos Blvd., Ste.16 Los Gatos, CA 95032 Phone: 408-358-9540 Fax: 408-358-1921 www.bestcalls.com BestCalls offers one of the first free-of-charge directories of investor conference calls for the public. On this site, users can track conference call schedules
of preferred companies. With this feature, a user will be automatically notified by email when the specified company schedules a conference call. In addition, registered members receive an optional newsletter. BigCharts CBS MarketWatch.Com, Inc. 123 N. 3rd St. Minneapolis, MN 55401 Phone: 612-338-0049 www.bigcharts.marketwatch.com This is a comprehensive and easy-to-use online charting and investment research site, providing access to interactive charts, quotes, reports and indicators on over 50,000 stocks, mutual funds and market indices. BigCharts is a free service supported entirely by site sponsors. Bonds Online 7251 W. Mercer Way Mercer Island, WA 98040 Toll Free: 800-795-4648 Fax: 206-236-3040 www.bondsonline.com Email:
[email protected] This site is offered by Twenty-First Century Municipals, Inc., a fixed income, online information services company. Some information is provided free of charge by the service while other information requires a fee. The casual observer and serious investor alike can benefit from this site's wealth of information, as services provided are among those used everyday by market professionals. Bridge 3 World Financial Center New York, NY 10281 Toll Free: 800-927-2734 Phone: 212-372-7100 Fax: 212-372-7115 www.bridge.com Bridge, powered by its principal operating units (Bridge Information Systems, BridgeNews, Bridge Trading, Savvis and Telerate) is one of the largest providers of financial information and related services in North America and the second largest and fastest growing provider in the world. Briefing.com www.briefing.com Briefing.com delivers the latest information to the U.S. Stock and Bond investor. Besides intra-daily commentary, stock quotes and charting, Briefing.com
www.plunkettresearch.com
also allows the user to build a portfolio and receive the latest economic information. The site's stock analysis feature is unique in bringing constantly updated analysis of the U.S. stock market throughout the day. Upgrades, downgrades, stock splits, tech stock coverage, earnings news and analysis are available. The site's services generally require a fee. Bullsession.com www.bullsession.com This site offers active investors dynamically updated real-time stock quotes, options, news stories and interactive charting. The site's TickerTracker feature allows users to track portfolios around the clock as well as access up-to-date market information. Account set-up requires a fee. Buyside www.buyside.com Buyside provides information concerning international markets, REITs, utilities, global markets, Canadian markets and free research reports. Buy-Stocks www.buy-stocks.com Mel Severance, financial analyst for over 15 years, offers his services through this site. Over 7,000 stocks are reviewed each day to determine which should increase or decrease over the following weeks. A free trial membership is offered, as is a full membership requiring a fee. Canadian Venture Exchange www.cdnx.com The Canadian Venture Exchange is the stock listing that resulted from the combination of the Toronto Stock Exchange, the Alberta Stock Exchange and the Vancouver Stock Exchange. This site features information about the market, annual reports, the listed companies and market-related news releases. It includes a glossary of investment terms and offers several links and a securities-related course. Online accounts are offered free of charge. CBS Marketwatch www.cbsmarketwatch.com In addition to financial news, CBS Marketwatch offers multiple personal portfolios, market and company research, interday and technical charting, mutual and money market fund data, direct brokerage access and reliable delayed quotes. All services are offered free of charge.
CNBC www.cnbc.com CNBC.com offers financial news, delayed stock quotes, personalized portfolio information, online banking and bill payment, financial planning and tax information. All services are provided free of charge. CNN Money www.money.cnn.com CNN Money provides financial information and news, delayed stock quotes, industry commentary, individualized portfolios and financial calculators, all free of charge. Conference Board www.conference-board.org A premier worldwide business research network, this site links executives from different companies, industries and countries. The Conference Board has become a leader in helping business executives build strong professional relationships, expand business knowledge and find solutions to a wide range of business problems. Corporate Financials Online www.cfonews.com This service is geared towards financial officers, investor relations officers and other managers of publicly held corporations wishing to use broad, rapid dissemination of quarterly earnings, news releases and other investment information. An annual fee is required. Corporate Information Online www.corporateinformation.com This site contains a list of other sites that offer information about companies, all organized by country. This useful site's wealth of corporate links can both enhance and ease any researcher's work. DailyStocks.com www.dailystocks.com A very comprehensive site, DailyStocks.com offers numerous links to valuable financial information at no cost to the user. This site's legion of services covers stock tracking indicators, as well as a lengthy selection of market commentary links. Links to SEC and Edgar filings, news headlines, calendars, columns, futures information and more are easily accessed from this site.
55
56
www.plunkettresearch.com
Day Traders Online www.daytraders.com This site provides subscribers with timely market research useful in both short-term investing and intraday trading. Each night, the site's database of securities is scanned, searching for stocks that have triggered one or more trading indicators. This information and other stock-related stories are broadcast via email to members in the early morning, before the markets open. Entry prices, sell targets and support levels are provided, as well as recommendations for stocks. Daytraders www.daytraders.org Daytraders is one of the most popular and respected live premier professional trading rooms on the web. The site features a chat room, a forum for frequently asked questions, research information, links, polls, access to traders and intraday tools. DowJones.com www.public.wsj.com The Wall Street Journal Online provides subscribers with article archives, personalized news, market and portfolio information and search, email and quotes research functions. DRIP Central www.dripcentral.com This is a good starting point for information about Dividend Reinvestment Plans (DRIPs) and Direct Purchase Stocks. This site also features several links to other information-providing sites specializing in low-cost common stock investing measures. Edustock http://library.thinkquest.org/3088/ Edustock is an educational web page designed to teach young and old alike what the stock market is and how it can work for the individual. Tutorials on the stock market, advice on picking stocks and information on a select group of companies can help even the most clueless of beginning investors begin to gather information that can help to build a fortune. Additionally, the site provides a 20-minute delayed stock market simulation free of charge. E-Line Financials www.financials.com A research assistant, quotes, company data, portfolio management, online trading and broker information are available on this comprehensive site. Annual
reports, daily business news and links can be found here as well. Users can create and maintain individual portfolios. Elliot Wave Chart Page www.wavechart.com This site features long- and short-term Elliot Wave forecasts of the market, as well as a college aid report, an investor mall, business opportunity information, a book list, definitions and a list of lowpriced stocks. Its services require a subscription. eSignal www.esignal.com All of eSignal's online services include the site's award-winning Signal software, continuously updating quotes, free news, charts, price and volume limit alerts, fundamental data, company research and portfolio management. These services are offered free of charge, with a login through CBS MarketWatch. Exchange Rates www.x-rates.com This site allows visitors to view the day's currency exchange rates and to access charts demonstrating fluctuations in exchange rates of past months. Charts, graphs and calculators are easy to read and interpret. FinanCenter www.financenter.com This site strives to enable its investors. Self-help educational tools and locating services are provided that aid individuals in making decisions. Financial Center Online Phone: 727-799-6138 www.tfc.com Current views of well-known analysts, a special focus on technology stocks, access to stock quotes and more can be found here. Financial Engines www.financialengines.com This useful site assists visitors by forecasting what investments might be worth in the future. The site provides the user with unbiased advice in order to assist in making better and more informed financial decisions. Users can also monitor investments and read news features.
www.plunkettresearch.com
Financial Pipeline www.finpipe.com A neutral, third-party independent site, Financial Pipeline offers financial knowledge and is dedicated to education. All articles featured on the site are screened for accuracy and impartiality before being presented. The site provides information at all levels for both consumers and investors. FreeRealTime.com www.freerealtime.com FreeRealTime.com is an investment services and media firm that provides an array of stock market data, business information and sophisticated research, analysis and management tools to a finely targeted market segment comprised primarily of individual investors. FundAlarm www.fundalarm.com This free, non-commercial web site provides objective information designed to help investors make decisions on when to sell a mutual fund. Futures Guide www.futuresguide.com Focusing on futures and options, this site is a digest with current and archived articles on various aspects of trading. GetSmart www.getsmart.com This is a site for financial planning advice and offers information on credit cards, mortgages, loans, insurance and other services. Global Value Investing with Investment Valuation www.numeraire.com A tutorial-style presentation of value investing with investment valuation is presented here. This site is full of financial jargon but comes with an accompanying glossary for novice visitors and is extremely informative and comprehensive. A section on fads and a library are offered, as are a value forum and contacts. Good Money www.goodmoney.com This site is designed for those interested in socially and environmentally responsible investing, consuming and business practices. Designed for both novices and professionals, information is provided for average investors, consumers and businesspeople.
GreenJungle www.greenjungle.com Promising to help the visitor "make it through the money jungle without getting eaten alive," this site provides educational resources for investors and extended services for clients. This site is easy to use and offers several useful links, original articles about investing and money, information about other educational resources, recommended reading and more. GreenMoney Online Guide www.greenmoney.com In addition to highlighting editorial content drawn from pages of the GreenMoney Journal (published by The RCC Group, Inc.), this site promotes socioenvironmentally sound business and strives to educate others about ethical business and financial principles. Interactive Brokers, LLC www.interactivebrokers.com Interactive Brokers' U.S. office provides online execution services in listed equity and equity-based derivatives in the United States and Europe. Interactive Brokers provides customers with direct access to stock, options and futures products worldwide. InvesterTech www.easystock.com Here, users can find powerful, easy-to-use technical analysis tools. Easy Chart, included in these tools, has an interactive intraday Java applet. Charts are updated every minute, and users can analyze up to eight different data periods. InvesterTech features a custom outlook tool that enables multiple stocks to be viewed through one chart window. Investing in Bonds.com www.investinginbonds.com This site discusses seven simple steps concerning investing in bonds, as well as information about the Bond Market Association, which represents firms and banks that underwrite, trade and sell debt securities domestically and internationally. Investor Guide www.investorguide.com This comprehensive site offers a wealth of information and links. Personal portfolios can be tracked, and users can browse the InvestorGuide University to learn more about investing.
57
58
www.plunkettresearch.com
Invest-o-Rama! www.investorama.com This site has recently been acquired by ICLUBcentral, which is currently revamping its content. It still has the "Ask Doug" and "Doug on Investing" portions from the old site, featuring commentary and advice from investment specialist Doug Gerlach. Kiplinger.com www.kiplinger.com This site offers a great deal of personal finance information for the savvy individual. It includes sections on retirement, saving, borrowing and homeowning, as well as investing updates and information. Lycos.com www.finance.lycos.com This site provides delayed and real-time stock quotes, quotes on options, commodity futures, mutual funds and indices for both U.S. and Canadian markets. It also offers business news, earnings forecasts and reports, market analyses and commentary, balance sheet data, annual reports, message boards, intraday and historical charts, and company profiles. Man Financial www.jackcarl.com As the retail futures division of Man Financial, the site offers execution and clearing services, with 24hour worldwide trading capabilities and a range of support systems intended to enhance the trader's independent performance capabilities. The site features quotes, charts and research information, news, a calendar, contacts, margins and several links. MarketTrak.com www.markettrak.com MarketTrak.com provides a weekly forecast of the Dow Jones Industrial Average (DJIA). Sophisticated neural network models combined with genetic algorithms are used to forecast the direction of the DJIA two weeks into the future. A new forecast is computed every week and published on the site each Monday before the market opens. Subscriptions to this site's services are free. Momentum Trader www.mtrader.com Mtrader.com is a teaching forum with a live chat room and videos where daytrading techniques are
taught. Real-time daytrading commentary is also offered. Moneyteq www.moneyteq.com Moneyteq is a powerful technical analysis service for professional investors and traders. Moneyteq's research provides buy and sell signals with integrated risk management. Included in the research are signals for trading daily, weekly and monthly positions, as well as monthly and long-term indicators. The site offers a free 30-day subscription. Motley Fool www.fool.com Motley Fool attempts to demystify and untangle the world of finance by acting as a filter for the reams of raw data and streams of press releases that corporations spew out on a daily basis. MSN Money Central http://moneycentral.msn.com This site features daily announcements, special reports, highlights from financial providers and a wealth of links and other financial information. Mutual Fund Investor's Center www.mfea.com The Mutual Fund Investor's Center is a free-access web site designed to serve as an important resource for investors who wish to use mutual funds to reach their financial goals. Here, users find a comprehensive listing of mutual funds companies, web site links, fund listings and exclusive planning, tracking and monitoring tools. NewsAlert www.newsalert.com Newsalert.com offers real-time financial and business news, stock quotes and charts, portfolios, and investment research. The site goes beyond providing basic stock information by notifying members of news relevant to their chosen stocks. Next Wave Stocks www.nextwavestocks.com Stock tracking, company research, insightful industry commentary and technical information are available on this site. Links to EDGAR filings, stock analysis and market trends can be viewed here as well.
www.plunkettresearch.com
Online Investor www.theonlineinvestor.com This site's mission is to provide investors with information and insight and to encourage those who are comfortable making individual investment decisions to do so based on thorough, independent research. Columns such as Guide to Equity Research and You and Your Broker explain how investors can find and use quality information to evaluate investments. PC Quote 300 S. Wacker Dr., Ste. 300 Chicago, IL 60606 Phone: 312-913-2828 Fax: 312-913-2900 www.pcquote.com With one of the fastest quote feeds in the industry, PC Quote has been providing financial information to clients worldwide for over 15 years. PC Quote gathers information on over 350,000 issues around the world from 145 exchanges in 55 countries. Data is processed, consolidated and enriched in the company's database ticker plant and transmitted via satellite to the investment community. Pristine Day Trader www.pristine.com Chart of the week, stock play of the week, recommended reading, Pristine's daily QEA and educational reports are all offered free of charge here. The site also offers premium areas for investors, accessible only by subscription. Quicken.com www.quicken.com This useful site offers a newsletter, news, quotes and research services, market tracking, mutual fund advice, mortgages, instant insurance quotes, small business information, budgeting advice and more. Quicken.com Investing www.quicken.com/investments This section of the Quicken site offers extensive resources for the investor, including a searchable index of web sites for publicly traded companies. Reuters www.reuters.com Reuters.com offers information on business, world markets, political and international news and company-specific stock information.
S&P Personal Wealth www.businessweek.com/investor/index.html S&P Personal Wealth has joined with BusinessWeek Online to provide a comprehensive suite of investment management features, original editorial content and premium news, advice and recommendations. Schaeffer’s Investment Research www.schaeffersresearch.com This site offers subscription-based information on investing through Bernie Schaeffer's investment research firm. The company recently acquired the newsletter Option Advisor, a publication offering customers information about options trading. Scudder Kemper Investments www.scudder.com This site provides information on personal investment, mutual funds, annuities and money funds, assisting both the novice and professional investor. Silicon Valley.com www.siliconvalley.com This site offers an excellent summary of current financial news and information in the field of technology. SmallCap Investor www.smallcapinvestor.com SmallCap provides comprehensive and timely information about potential growth stocks. Features include what the site perceives to be winning and losing stocks, a free newsletter, news, a beginner's guide and more. SmartMoney www.smartmoney.com SmartMoney is a great tool for individual investors, offering frequently updated stock information, funds, bonds and a variety of other topics such as mortgages, personal financial planning and taxation. Tools such as a stock screener, portfolio tracker and market map are also available to visitors. StockMaster at MIT Red Herring Communications 1550 Bryant St., Ste. 450 San Francisco, CA 94103 Toll Free: 800-627-4931 Phone: 415-865-2277 Fax: 415-865-2280
59
60
www.plunkettresearch.com
www.stockmaster.com This site offers articles on financial and investment news. Stockpoint www.investor.stockpoint.com Stockpoint presents personalized, information-driven financial content and analytic tools for individual and professional investors. StockSelector.com www.stockselector.com Whisper reports, comparisons, screens, portfolio discussion, a top 10 list, financial calendars, industry information, a Dow analysis, calculators, newsletters, a bookstore, a newsstand and more are available on this site. TFC Commodity Charts http://tfc-charts.w2d.com TFC Commodity Charts is a free source of daily commodity futures and financial market information. This site tracks several commodities and financial indicators, making information available in the form of free online charts and intraday commodity quotes. This site enables users to create personalized charts and menus to gain quick access to charts of interest. A wealth of informative resources is available here for those involved in commodities or futures markets. The Internet Stock Report www.internetstockreport.com Part of internet.com, this site tracks companies deriving revenues primarily from the Internet and provides basic stock information and news. TheStreet.com www.thestreet.com TheStreet.com provides users with financial reporting and current analysis. Visitors can subscribe to RealMoney for even more in-depth articles by premiere analysts. Thomson Investors Network www.thomsoninvest.net Thomson Investors Network is a product of Thomson Financial Services, a leading provider of quality financial information and related delivery services to several sectors of the global financial and corporate communities. The site features market news, an expert advice section, an analyst center, free real-time quotes and more.
UndergroundTrader www.undergroundtrader.com Undergroundtrader.com is a premium real-time stock trading chatroom and the home of the infamous Underground Level 2 Daytraders Handbook. The site's main service is the Underground Trading Pit, an interactive, java-based chatroom where live real-time trading alerts are announced throughout the day, utilizing the tools and principles in the handbook. This pit is hosted by the author, Jay Yu, and several other traders. Wall Street City www.wallstreetcity.com Free services offered by this thorough site include quotes, graphs, real-time market symbols and analyst reviews, intraday news and portfolio alerts, 10K and 10Q reports and corporate profile reports. It also covers international markets. Wall Street Research Network www.wsrn.com A comprehensive web resource, Wall Street Research Net combines in-depth information from many sources into one comprehensive, user-friendly site. The site's "Research A Company" feature can access SEC documents, home pages, news, charts, statistical analysis and more. Thousands of research reports, BASELINE reports and spreadsheets are available. The site can be used to research the economy, locate one's favorite broker and perform sophisticated stock screening. Web Investor www.thewebinvestor.com The Web Investor offers an abundant list of links to other financial web sites. Corporate site links are also available to the user. Yahoo! Finance http://finance.yahoo.com Through a wealth of links and a supreme search guide, users can find just about any financial information concerning both U.S. and world markets. Tax research, insurance information, financial news and community research can be conducted through this site, as can searches for other aspects of the financial world. Zacks Investment Research www.zacks.com Each day, this site summarizes the current stock recommendations of 3,000 analysts employed by 230
www.plunkettresearch.com
U.S. brokerage firms, to provide the user with the full story for each of the site's 6,000 covered stocks. The site organizes brokerage recommendations and other conclusions into a number of subscription and free services. ZAP Futures www.zapfutures.com ZAP Futures, a division of Refco, LLC, is a full clearing member of all U.S. Commodity Exchanges. The firm has been providing quality Futures Brokerage Services to individual and institutional customers worldwide since 1988. The firm's site offers real-time stocks, trading quotes, information about the company and more.
XXXVI. U.S. Government Agencies and Sites Advisory Commission on Electronic Commerce www.ecommercecommission.org The ACEC was created by Congress to study federal, state, local and international taxation and tariffs on transactions using the Internet and Internet access. The Commission is closed and the site will not be updated, though its information is still available. Board of Governors of the Federal Reserve System 20th St. and Constitution Ave. NW Washington, DC 20551 Phone: 202-452-3693 www.federalreserve.gov This free site offers extensive background on the Federal Reserve System, as well as congressional testimony, economic indicator analyses and specific consumer information. Bureau of Economic Analysis 1441 L St. Washington, D.C. 20230 Phone: 202-606-9900 www.bea.doc.gov BEA, an agency of the U.S. Department of Commerce, is the nation's economic accountant, preparing estimates that illuminate key national, international and regional aspects of the United States economy. Bureau of Labor Statistics Division of Information Services 2 Massachussets Ave. NE Washington, D.C. 20212
Phone: 202-691-5200 Fax: 202-691-6325 http://stats.bls.gov Email:
[email protected] The BLS is the principal fact-finding agency for the Federal Government in the field of labor economics and statistics. The BLS is an independent national statistical agency that collects, processes, analyzes and disseminates statistical data to the American public, the U.S. Congress, other Federal agencies, state and local governments, business and labor. The BLS also serves as a statistical resource to the Department of Labor. Government Printing Office online www.access.gpo.gov Email:
[email protected] This site gives you access to searchable electronic versions of many of the government's primary printed budgetary and statistical volumes. STAT-USA HCHB Room 4885 United States Department of Commece Washington, DC 20230 Toll Free: 800-782-8872 Phone: 202-482-1986 Fax: 202-482-2164 www.stat-usa.gov Email:
[email protected] An agency in the Economics and Statistics Administration in the United States Department of Commerce. The site offers daily economic news, statistical releases, export and trade databases and information and domestic economic databases. U.S. Census Bureau www.census.gov The preeminent collector of data about the people and economy of the Untied States provides official social, demographic and economic information. U.S. Securities and Exchange Commission Phone: 202-942-8088 www.sec.gov The SEC is a nonpartisan, quasi-judicial regulatory agency responsible for administering federal securities laws. These laws are to protect investors in securities markets and ensure they have access to disclosure of all material information concerning publicly traded securities.
61
62
www.plunkettresearch.com
White House Phone: 202-456-1414 www.whitehouse.gov This site was designed for communication between the Federal Government and the American people. It provides access to all government information and services that are available on the Internet.
www.plunkettresearch.com
Chapter 3 BANKING
MAJOR TRENDS IN BANKING: 1. 2. 3. 4. 5. 6. 7. 8.
Adding Convenience Mergers and Acquisitions Emergence of True National Bank Chains International Bank Holding Companies Span Multiple Continents Extension of Services Banks Go Online ATMs Evolve From Cash-Dispensing Machines into Financial Services Depots Retailers, Automobile -Makers Become Bankers
services and the elimination of duplicated support staff positions and many branch locations. 3) Emergence of True National Bank Chains : Mega-mergers have built Bank of America, Wells Fargo, Bank One and other giant bank holding companies into operators of the first truly nationwide or region-wide bank chains. In the same way that giant retail chains have gained marketing clout, buying power and operating efficiencies by building nationwide chains of stores, banks are seeking competitive and operating advantages by merging into immense banking systems spanning numerous states.
1) Adding Convenience: Banks are taking services to the customers, adding alternative locations such as branches in supermarkets, and spreading their presence via tens of thousands of ATMs.
4) International Bank Holding Companies Span Multiple Continents : Companies like Citigroup of the U.S., BNP Paribas Group of France and HSBC of China are acquiring banks throughout North America, Europe, Asia and elsewhere and becoming global banking giants.
2) Mergers and Acquisitions: Banking firms of all sizes, from tiny community-based savings associations to vast, national bank holding companies, continue to merge, seeking marketing opportunities and operating efficiencies. Completed mergers lead to consolidation of back-office support
5) Extension of Services: Banks of all types and sizes are adding to the list of services they attempt to market to customers. In this manner, they hope to retain assets, increase customer loyalty and add highly profitable fee income. Such services
63
64
www.plunkettresearch.com
include private banking, retirement product sales, stock brokerage and trust services. 6) Banks Go Online : Banks have learned that combining the convenience of telephone and online banking with a chain of branch locations enables them to fill an entire range of customer needs. This is very similar to the trend among major retailers of creating synergies between bricks and clicks, combinin g e-commerce, catalog sales and physical stores. 7) ATMs Evolve From Cash-Dispensing Machines into Financial Services Depots : State of the art Automated Teller Machines now enable customers to log in and view their accounts, order additional bank services and even conduct feegenerating consumer purchases. 8) Retailers, Automobile Makers Become Bankers . In March 2000, upscale department store giant Nordstrom took the unusual step of converting its Englewood, Colorado limited-purpose credit card bank into a full service savings association based in Scottsdale, Arizona. (Nordstrom offers checking accounts, Visa cards and other services to its customers, but does not plan to open branch banks.) Competitor Federated Department Stores obtained a bank charter in 1999 and announced plans to install ATMs and banking kiosks in hundreds of department stores. Wal-Mart leases branch bank space within its stores to banking companies including Arvest, a bank controlled by the family that founded Wal-Mart. Meanwhile, major automobile manufacturers, including General Motors, Volkswagen and BMW, are preparing to add banking services to the financing and insurance services that they already sell to millions of car buyers. I. Banks' Shrinking Importance Although banks have been very profitable enterprises in recent years, several long-term problems are looming behind the industry's current success. The banking industry's main concern is the shrinking importance of its function as the center of the financial intermediation process. According to the Federal Reserve, the average American household stores only about 16% of its total assets in banks (with 11.4% in bank accounts and 4.3% in CDs), as opposed to 29% in 1989. At the same time, the capital markets for corporate bonds and commercial paper markets have taken significant
market share from the major banks’ commercial loan business. Also, alternative financing options for consumers, such as car leases provided by automobile companies and refinanced mortgages that allow home owners to pull cash out of their equities, have given individuals reasons to look beyond banks for their cash needs. As the bull market in stocks emerged, Americans increasingly looked toward non-bank investment vehicles to house their assets. In many cases, Americans grew to prefer mutual funds to banks’ CDs and money market funds to banks’ checking or savings accounts. Consequently, establishments offering investment products have developed a knack for replicating bank services, negating banking’s former near-monopoly on services. For example, vehicles such as cash management accounts, pioneered by the stock brokerage industry giant Merrill Lynch, offer several banking services without the bank, allowing customers to borrow against securities, make investments, deposit paychecks, write checks, make credit card purchases and more, all in one consolidated account that can be viewed on one convenient statement. At the same time, banks have expanded into nonbanking services that generate fees, such as stock brokerage, insurance brokerage, trust services, mortgage banking and the sale of retirement products. Banking has responded to this problem through super-mergers, which allow for consolidated functions, fewer expenses and increased profits. Currently, mergers are a primary method of defense for the banking industry, and the size and nature of the mergers have grown dramatically.
II.
Acquisitions and Mergers: The Growth of the Superbank
Like many industry sectors, the banking industry has recently seen several substantial mergers, with no indication that this trend will slow. Although bigger banks may not necessarily translate into better banks, “superbanks” are emerging with major regional or national presence. For example, banking giant Citicorp and insurance giant Travelers Group, Inc. completed a $70 billion merger in 1998, forming Citigroup, the largest financial services corporation in the world. In fact, at the time it was the largest corporate merger in history.
www.plunkettresearch.com
This merger was part of the shift toward fullservice financial services super-firms. Merger focus has shifted away from combinations of firms that are in the same field toward convergence, where brokerdealers, insurers, banks and other related but not sector-specific companies join forces to become super-companies. This form of merging, as illustrated in the Citicorp/Travelers Group deal, allows for merged super-companies to attempt to create a single delivery system for their products. NationsBank and Bank of America announced plans to combine forces about a week after the Citicorp deal, as did Bank One and First Chicago, creating several industry-shaping combinations. All of these companies own substantial non-bank subsidiaries as well as vast chains of branch locations. Norwest and Wells Fargo tied the knot in June 1998, retaining the Wells Fargo name. Norwest Corporation operated both as a bank and as a mortgage banker, and was the largest originator and servicer of home mortgages in the United States. Additionally, Fleet Financial Group, Inc. acquired BankBoston Corporation in 1999, creating Fleet Boston Corporation. Fleet Boston’s assets after the merger totaled $180 billion. In addition to dominance in the New England banking market, the new Fleet Boston portfolio includes Robertson Stephens investment bank, Quick & Reilly Group, Inc., a discount-brokerage firm, and substantial Latin American operations. HSBC Holdings PLC, a large London- and Hong Kong-based banking company, announced plans to acquire Republic New York Corporation and its European private banking unit in May 1999. U.S.-based Bankers Trust Corporation, the eighth largest bank in the United States at the time, was purchased by German Deutsche Bank AG. This deal created the world’s largest banking company measured by assets.
MAJOR BANK INDUSTRY MERGERS IN 2001 Buyer Acquired Company First Union Wachovia Washington Mutual Dime Bancorp BNP Paribas BancWest Corp. BNP Paribas United California Bank Royal Bank of Canada Centura Banks Citigroup European American Bank BB&T Corp. F&M National
65
Mega Mergers in Banking (Including Citicorp’s acquisitions of Travelers and Associates First Capital) Date April 1998
Merging Entities Travelers Group and Citicorp
April 1998
Norwest and BankAmerica Corp. Norwest and Wells Fargo Chase Manhattan and J.P. Morgan CitiGroup and Associates First Capital Bank One. and First Chicago NBD First Union and CoreStates Fleet Financial and BankBoston NationsBank Corp. and Barnett Bank Wells Fargo and First Interstate
June 1998 September 2000 November 2000
April 1998 November 1997 March 1999 August 1997 October 1995
Value $74.4 billion (combined value— Adopted the name Citigroup) $62.5 billion
$34.3 billion $30+ billion $31.3 billion
$29.6 billion $17.1 billion $15.9 billion $14.8 billion $10.9 billion
The trend of creating financial services giants through mergers does not guarantee instant success for the parties involved. For example, one of the benefits that such companies as Citicorp hope for is increased revenues through cross-marketing. In other words, Citicorp wanted to sell Travelers’ insurance products to banking customers, and Travelers wanted to sell Citicorp’s banking services to insurance customers. In fact, affluent and educated customers may tend to purchase financial services where they get the greatest returns, products and services — not necessarily where they get the most products from one firm. After the 1998 merger of Citicorp and Travelers Group, the combined firm was renamed Citigroup. Many parts of the combination worked very well. For example, cross-selling of life insurance and annuities issued by Travelers and marketed by the banks and other Citi units has been very satisfactory. In December 2001, Citigroup announced that it will spin off the property and casualty insurance unit of Travelers, selling 20% of the stock in that business in a public offering and distributing the remaining 80% of its shares to Citigroup shareholders. The move will raise billions of dollars in cash for Citigroup. The property and casualty insurance business accounted for only about 10% of
66
www.plunkettresearch.com
Citigroup’s total revenues, and it has been lagging behind in profitability compared to other Citi businesses. After the spin-off, Citigroup will continue to offer Travelers Property and Casualty insurance polic ies to Citi customers and will set up alliances with other insurance providers as well.
III.
E-Banking and Advanced ATMs
Suddenly, technology firms can compete with and challenge the very basis of banking as a business. Since other industry sectors can now perform payment processing services and other bank-like functions, and banking services can be offered online to a large extent, banking as an industry can no longer remain secure by offering only basic services. The customer benefits from this turf war, as the range of services that banks offer becomes increasingly diversified in order for the institutions to remain vital. As technology and banking become more and more integrated, services offered have become increasingly complex. The prospect of Internet banking serves as both a challenging adversary and a new opportunity to traditional banking organizations. Several banks such as Wells Fargo and Citibank have moved ahead through the integration of Internet banking services with their basic operations. While Internet-associated perks, such as 24-hour account access and easy intraaccount transfers, are part of the services offered by banks such as these, traditional person-to-person service and ATM accessibility associated with brickand-mortar institutions are part of the package as well, a serious advantage over Internet-only banks. (See Chapter 6 for more information on trends in Internet banking.) In 1970 few people had ever seen an ATM, and fewer still were willing to trust them to dispense the correct amount of cash. Today, there are 800,000 ATMs around the world, and the number continues to increase rapidly. Competitive ATM technology is also upping the stakes of customer service. ATM networks such as Cirrus can enable customers to withdraw funds in any city in the United States as easily as in London, Tokyo or Sydney. Financial service providers have seized ATM locations as prime advertising space. Shared account information lets advertisers know the nature of a particular ATM customer’s account portfolio; the advertiser can then flash an ad for comparable services that the customer might want to utilize. For example, an ATM visitor
holding a retirement account might receive a message advertising a Roth-IRA deal. NCR Corporation conducted a 1999 survey of 750 consumers, of whom one-half responded favorably to the exchange of account information for advertisements of supplementary financial deals. ATMs entered the world as a type of cashvending equipment. Today, however, state of the art ATMs are in service that act as financial services centers. Newer ATMs take advantage of color monitors and Pentium processors connected to the Internet to provide customers with a wealth of information and service choices as well as a long list of banking functions such as account withdrawals, deposits and balance transfers. For example, at the latest ATM models, customers can deposit a check—the check is scanned into the system, a copy is displayed on the monitor and a deposit receipt is delivered to the customer. Via the Internet and the ATM’s printer, the latest machines also enable customers to purchase tickets to entertainment events, view personalized stock portfolios, pay bills, see sports scores, access maps for directions, sign up for online banking or view a cancelled check. This is a very cost-effective means of providing service, and customers are responding well to the advanced technology.
IV.
Other Banking Trends
• Bank mergers have resulted in a larger share of financial assets being held by a smaller number of organizations. While 41 banking companies held 25% of total domestic deposits in 1984, only 11 bank holding companies accounted for the 25% share by 1998, and 9 or 10 hold that share or more today. • Small community banks currently account for about 90% of the number of banks and savings associations. Concerns that larger institutions will lessen the viability of community banks exist; however, new community banks continue to be chartered at a steady rate. Many smaller banks prosper by offering a high level of personal, community-oriented service. • Community banks continue to earn very high profit ratios. For example, look at the smaller bank companies profiled in Plunkett’s Financial Services Industry Almanac, and you will see very high net profits relative to revenues. Smaller banks tend to be
www.plunkettresearch.com
more in touch with the needs and financial status of their customers. Personal relationships with such customers lead to customer loyalty. Additionally, institutions with less than $100 million in total assets have experienced the lowest rates of net loan chargeoffs. • Credit unions, which provide diversified financial services to a wide variety of customers, are changing in nature. In the past, members of credit unions were more interrelated and pooled their resources to provide credit for co-workers and/or neighbors. This is no longer the case, however, as individual credit unions are no longer as linked, and geographically-based credit unions can serve entire states. These credit unions look just like other depository institutions—they are federally insured, and they offer a full line of deposit and credit services to virtually anyone. • The banking industry and consumers nationwide continue to struggle with privacy of information issues, which are becoming more and more important as the industry is further inundated with technological advances. Identity theft, the method by which criminals can gain unauthorized access to personal information and use it to fraudulently establish credit, incur debt or take over existing accounts over unknowing victims, is becoming an increasingly prevalent crime.
67
68
www.plunkettresearch.com
Top Bank Holding Companies (based on total assets) 1
Rank
1
Name
City
State
Total Assets ($thousands)
1
Citigroup, Inc.
New York
NY
953,427,000
2
J.P. Morgan Chase & Co.
New York
NY
712,702,000
3
Bank of America Corp.
Charlotte
NC
625,524,000
4
Wells Fargo & Co.
San Francisco
CA
289,758,000
5
Bank One Corp.
Chicago
IL
272,412,000
6
First Union Corp.
Charlotte
NC
245,941,000
7
Taunus Corp. (Deutsche Bank)
New York
NY
216,513,000
8
FleetBoston Financial Corp.
Boston
MA
202,113,000
9
U.S. Bancorp
Minneapolis
MN
165,156,000
10
ABN AMRO North America Holding Co.
Chicago
IL
164,699,748
11
HSBC North America, Inc.
Buffalo
NY
107,445,340
12
SunTrust Banks, Inc.
Atlanta
GA
100,822,534
13
National City Corp.
Cleveland
OH
95,247,453
14
KeyCorp
Cleveland
OH
85,522,573
15
Bank of New York Company, Inc., The
New York
NY
76,831,453
16
Wachovia Corp.
Winston Salem
NC
74,828,414
17
State Street Corp.
Boston
MA
70,317,346
18
PNC Financial Services Group, Inc., The
Pittsburgh
PA
70,034,428
19
Fifth Third Bancorp
Cincinnati
OH
69,833,640
20
BB&T Corp.
Winston Salem
NC
64,733,769
21
Comerica, Inc.
Detroit
MI
49,494,169
22
SouthTrust Corp.
Birmingham
AL
46,534,992
23
Regions Financial Corp.
Birmingham
AL
45,392,788
24
Mellon Financial Corp.
Pittsburgh
PA
43,705,445
25
MBNA Corp.
Wilmington
DE
40,418,814
Data based on first three quarters of 2001.
Continued on next page.
www.plunkettresearch.com
69
Top Bank Holding Companies, continued (based on total assets) 1
Rank 26
1
Name
Total Assets ($thousands)
City
State
Birmingham
AL
38,473,389
Wilmington
DE
36,914,987
27
AmSouth Bancorporation Bankmont Financial Corp. (Bank of Montreal)
28
Northern Trust Corp.
Chicago
IL
36,183,780
29
UnionBanCal Corp.
San Francisco
CA
35,816,218
30
Union Planters Corp.
Memphis
TN
34,468,079
31
Citizens Financial Group, Inc.
Providence
RI
32,331,257
32
M&T Bank Corp.
Buffalo
NY
31,202,146
33
Huntington Bancshares, Inc.
Columbus
OH
27,948,150
34
Popular, Inc.
San Juan
PR
27,851,000
35
Marshall & Ilsley Corp.
Milwaukee
WI
25,907,086
36
Zions Bancorporation
Salt Lake City
UT
23,487,799
37
Compass Bancshares, Inc.
Birmingham
AL
21,781,465
38
BancWest Corp.
Honolulu
HI
19,315,983
39
GreenPoint Financial Corp.
New York
NY
19,186,338
40
First Tennessee National Corp.
Memphis
TN
18,797,152
41
Banknorth Group, Inc.
Portland
ME
18,111,515
42
National Commerce Financial Bancorp.
Memphis
TN
17,909,410
43
Allfirst Financial, Inc.
Baltimore
MD
17,821,323
44
Hibernia Corp.
New Orleans
LA
16,306,558
45
North Fork Bancorporation, Inc.
Melville
NY
15,967,985
46
Synovus Financial Group, Inc.
Columbus
GA
15,663,643
47
Provident Financial Group, Inc.
Cincinnati
OH
15,298,176
48
Associated Bancorp
Green Bay
WI
13,242,288
49
Pacific Century Financial Corp.
Honolulu
HI
12,755,108
Data based on first three quarters of 2001. Sources: National Information Center, Federal Reserve System, Plunkett Research, Ltd.
70
www.plunkettresearch.com
www.plunkettresearch.com
Chapter 4 INSURANCE
U.S. Insurance Industry At A Glance Property and Casualty Insurers Earned Premiums ($bil) 2000 $296.8 2001 $329.4 Net Income After Tax ($bil) 2000 $20.2 2001 -$6.0 Surplus ($bil) 2000 $9.4 2001 $285.0 Investments Held ($bil): 1999 $800.0 2000 $830.0 Life Insurers: Premiums ($bil) 1999 $435.4 2000 $478.0
2002 $382.1 2002
$11.2
2002 $291.0 2001 $835.0 2001 $526.9
Note: 2001 and 2002 figures are estimates Source: Insurance Information Institute, A.M. Best, SwissRe, Fitch BCA Duff & Phelps, Plunkett Research, Ltd.
The State of the Insurance Industry Insurance accounts for a large portion of the nation’s economic activity. The U.S. property and casualty insurance market (including fire, extended coverage, liability and similar losses) totals approximately $380 billion in earned premiums annually as of 2002 (up from $297 billion in earned premiums during 2000, and an estimated $329 billion in 2001). While intense competition kept property and casualty insurance premium rate increases very low during much of the 1990s, significant casualty losses relating to hurricanes, asbestos-related claims, earthquakes, terrorism, increased jury awards in lawsuits and other factors hampered the ability of many firms to earn profits. The atmosphere for rate increases changed considerably in early 2001 as the industry became more intent on earning profits and thus increased rates accordingly. Nonetheless, casualty losses were so high during 2001 that the industry posted its first recorded yearly loss (about $6 billion). One major insurance firm, CNA Financial, reported that it had recorded a $1.2 billion
71
72
www.plunkettresearch.com
charge in August 2001 to add to reserves for losses stemming from asbestos, environmental and tort claims. Most property and casualty insurers have similar problems. After the devastatingly expensive terrorist attacks of September 11, 2001, rates on many types of coverage increased dramatically. Consequently, 2002 could easily see average rate increases of 16% or more. Additional factors leading to large rate increases include higher damage awards for workers’ compensation claims and large claims for mold damage by homeowners in the South. Many customers seeking to renew policies will find that insurance is no longer available under previous terms and rates or is not available at all due to changes in the market as a result of these and other factors. The attack on the World Trade Center created the largest insured loss in history, with covered losses estimated to run from $30 to $70 billion, including $5 to $6 billion in life insurance claims. The second largest insured loss in history is the damage caused by 1992’s Hurricane Andrew at $20 billion (adjusted for inflation to equal 2001 dollars). Another development that occurred shortly after the World Trade Center was attacked was a sharp spike in the sale of life insurance products. The Insurance Information Institute estimates that rates for coverage of private homes and automobiles will rise by about 6% during 2002, while rates for commercial business coverage may rise by 30%. In addition, selected types of specialty coverage may rise by as much as 400%. Meanwhile, the insurance industry as a whole continues to evolve quickly through mergers, the development of niche products, strong competition and the adoption of new technologies and distribution channels. Factors pushing change through the industry include the rapidly growing use of the Internet to distribute information and sell products and the convergence of such financial institutions as banks, investment companies and insurance firms into providers capable of selling a full range of financial service, from checking accounts to retirement products to insurance coverage. Mergers and Acquisitions: Insurance company mergers continued at a rapid pace in 2000 and 2001. SNL Financial (www.snl.com) reports 201 mergers industry-wide during the first nine months of 2001, at a combined value of $61.1 billion. This includes property and casualty, life and health, broker and agency and managed health care insurance deals.
The total value is nearly three times the $20.4 billion in mergers during the same period of 2000, covering 247 deals. However, property and casualty mergers represented only a tiny amount of deal flow during 2001, subsiding from a previously heavy pace, while life and health mergers made up the bulk of recent transactions.
Major 2001 Insurance Company Mergers and Acquisitions Buyer AIG SwissRe
Company Acquired American General Lincoln National’s Reinsurance unit, and Aurora National Life Clarica Life, Keyport Sun Life Life and IFMG J.C. Penney Direct AEGON Marketing (life insurance) Provident Mutual Nationwide Financial Fidelity and Guaranty Old Mutual Life National Mutual Life GE Fortis Financial Hartford Financial American Maturity Life Allstate Life Merger with Lutheran Aid Assoc. for Brotherhood Lutherans Source: SNL Financial, www.snl.com Fundamental changes in the insurance industry continue to cause merger and acquisition activity. However, consolidation among insurance firms has been slower than in commercial banking. One hurdle is technology. Insurance policies may vary widely from one insurer to the next, while checking accounts, in contrast, are largely the same from bank to bank. Furthermore, insurance companies run their distribution, marketing and claims processing in widely varying ways. For example, one company may sell through thousands of independent agents, while another sells only through its own agents, and still another sells only through direct marketing. Generally, it is much easier to merge the operations of two banks than it is to merge those of two insurance companies. Mutual Companies Convert to Publicly Held Stock Companies: Another accelerating trend is the “demutualization” or conversion of mutual companies into stock companies. Simply put, a “mutual” company is largely owned by the customers who buy its insurance policies.
www.plunkettresearch.com
Conversion enables the company to distribute its assets in the form of shares and typically leads to an IPO (initial public offering) of the company’s stock with the potential to enrich the stockholders. Some of the best-known names in the U.S. insurance industry, such as John Hancock, have completed such conversions. Adapting to Market and Technology Changes: The nation’s large multi-line insurers have traditionally sold a very broad line of coverage, offering all types of insurance to all types of customers. As a result, many of these companies have found themselves becoming outdated— hampered by bloated management structures and very expensive marketing systems, operating in an unfocused and monolithic manner. However, things have changed dramatically since 1995. The big insurance companies have been evolving, adding new technology, divesting unwanted units and focusing on more profitable lines. Fortunately, an excellent economic environment has helped them along. In other words, large insurance companies have equally large investment accounts that earned tremendous profits in the buoyant stock and bond markets of the 1990s, generating significant amounts of cash. Changing Distribution Channels : The methods of selling insurance are changing rapidly. For example, Datamonitor (www.datamonitor.com) estimates that the percent of revenues created by property and casualty insurance sales channels will change as follows: 1998 2003 Exclusive Agents 56.5% 48.8% Independent Agents 27.0% 23.3% Direct Marketing 9.8% 10.0% Banks 2.8% 8.1% Internet 0.9% 7.3% Other 3.0% 2.5% Banks and e-commerce are rapidly gaining market share in the sale of insurance, while the total share of insurance sold thorough traditional agents is dropping. In addition, direct marketing, including direct mail and other forms of advertising, continues to hold significant market share. These trends will accelerate. For example, industry giant Allstate shook up its vast exclusive agent network in 1998 when it announced that it would begin selling insurance directly to consumers online and through call centers. Customers acquired online are later assigned to agents, who receive a smaller commission rate on e-commerce sales than
the approximately 10% on sales generated by the agents themselves. While the shift may be hard on agents, Allstate has little choice if it is to compete effectively with aggressive direct sellers like Progressive Corp. At the same time, planners at Allstate and elsewhere know that consumers are turning to the Internet in growing numbers for information and convenience in purchasing insurance. Also, industry leaders like Allstate know they may be losing sales to customers who turn to Internet-based insurance quoting and referral services such as Quotesmith, where they may be referred to lesser-known insurance firms offering lower rates.
Areas of Operations with Potential Savings This industry is ripe for continued modernization and efficiency gains. While it is increasingly computerized, many sales and distribution methods are not yet modernized. In other words, the latest technology has not been applied. There is tremendous opportunity here for those with costsaving ideas. Insurance is sold by two types of agents: Independent agents are self-employed business people who typically represent two or more insurance companies and are paid on a commission basis. (An "agency company" is an insurance underwriter that markets products via independent agents.) Exclusive agents represent only one insurance underwriter. They may be salaried employees or work on a commission basis. (Insurance underwriters using exclusive agents are called "direct writers.") One of the biggest areas for potential savings is in the way that policies are sold. For example, direct marketing can replace agents, in many cases at much lower costs. The J.C. Penney Life Insurance Company was an early leader in this field, selling life insurance at lower rates through heavy advertising and direct marketing, bypassing the use of agents. Direct marketing is taking over in foreign nations as well, with as much as 40% of all new car insurance policies in the U.K. sold by direct marketing. Independent agencies will lose market share as technology and direct-sales gain in use. For example, only about 30% of personal home and auto insurance is sold by independent agents, down considerably from the previous 10 years. Meanwhile, companies focusing on sales through agents frequently find that exclusive agents are more
73
74
www.plunkettresearch.com
efficient than independent agents. For example, with a network of agents who sell only the house brand of insurance, an underwriter can more readily set up a nationwide computer network and database to handle sales (including price quoting). State Farm, with about 16,000 exclusive agents nationwide, has linked its agents to headquarters via a corporate intranet. This speeds paperwork processing and will enable customers to get new services online. In addition, it may enable State Farm agents to receive leads from quoting sites like InsWeb or Quotesmith. Several strong, innovative companies are developing new Infotech-based methods. For example, Progressive Corp., one of the country’s largest underwriters of personal auto insurance, has aggressively moved into direct marketing that includes direct mail and e-commerce with great success. USAA, a highly regarded direct seller of insurance and credit cards, uses automated voiceresponse telephone systems to field requests for literature, saving the need for about 200 customer service employees. When live operators speak to customers, they use customer databases which enable them to suggest products not currently purchased by the customer. The result is that the number of products owned by the customer is doubled. By far the most successful insurance product sold on the Internet is automobile insurance. Forrester Research has projected online sales of auto insurance to reach more than $3 billion by 2003, compared to less than $400 million for home owners insurance and about $500 million for term life insurance.
Individual Life Insurance Sales, Sorted by Category According to Annualized Premium 2001 Variable Universal Life Whole Life Term Life Universal Life Varia ble Life Source: Fitch BCA, Duff & Phelps www.fitchratings.com
41% 19% 18% 18% 4%
Insurance and the Internet See the discussion of online access to financial services in Chapter 6.
Top U.S. Insurance Firms Ranked by Sales On the Forbes 500 list for 2001 AIG (American International Group) Life, PC, 2000 revenues $42.4 Berkshire Hathaway PC, Reins., other, 2000 rev. $33.9 Allstate Life, PC, 2000 rev. $29.1 MetLife Life, PC, 2000 rev. $31.9 Cigna Health, Life, Reins., other, 2000 rev. $19.9 American General (acquired by AIG) 2000 rev. $11.0 Hartford Financial Services Life, PC, 2000 rev. $14.7 Aflac Cancer, Supplemental Health, 2000 rev. $9.7 John Hancock Financial Services Life, other, 2000 rev. $7.6 Marsh & McLennan Brokerage/Consulting, 2000 rev. $9.9 St. Paul Companies PC, Reins., 2000 rev. $8.6 Chubb PC, 2000 rev. $7.2 Lincoln National Life, 2000 rev. $6.8 UnumProvident Disability, Other, 2000 rev. $9.4 Aon Brokerage/Consulting, 2000 rev. $7.4 Notes: PC = Property and Casualty Company Life = Life Insurance Company Reins. = Reinsurance Underwriter Health = Health Insurance Company Source: www.forbes.com, Plunkett Research, Ltd.
www.plunkettresearch.com
Chapter 5 MUTUAL FUNDS, RETIREMENT PLANS AND ANNUITIES CONTENTS I. Mutual Funds A. Types of Mutual Funds B. How Mutual Funds Began C. Initial Investment D. Broker/Dealers E. Ownership Options F. Disclosure of Fees and Charges G. How Mutual Funds Work H. Risks of Mutual Funds I. Advantages of Mutual Funds J. Income Tax Consequences K. Income Taxation on Mutual Funds Shares When They Are Sold by the Investor L. Mutual Funds Trends M. Mutual Funds Management Companies II.
Types of Retirement Plans
III.
Annuities A. How an Annuity Works B. Types of Annuities
I. Mutual Funds Most individual investors have no business trying to choose stocks and bonds on their own — successful stock investment requires extensive research and knowledge, and the risks are great. Proper research prior to making a stock investment can encompass such areas as a company’s operations, its place among its competitors, its potential earnings, the strength of its management and the overall desirability of the industry within which it operates. Picking stocks is a full-time job best left to professionals, such as those who manage mutual funds. At the same time, most investors are much better served by spreading their money over several different stocks and industries rather than placing all of their money in a small number of stocks. Investing in one or more mutual funds can fill this need. Consequently, if you are investing as an individual you're probably much better off investing in a mutual fund—or in a series of funds—than you would be picking a few stocks on your own. For example, consider the devastating losses incurred by most of the people who tried their hand at “day
75
76
www.plunkettresearch.com
trading” during the booming stock markets of the 90s and early 2001. Mutual funds provide investors with professional stock selection, management on a day-to-day basis and diversification. However, very few funds make money in a bear market.
A. Types of Mutual Funds There is a type of fund to suit every conceivable investor. Some provide income that is free from income taxes. Some are focused on providing dividend income, while others focus on growth of capital. Some funds have multiple objectives. The following is a brief description of the primary types of mutual funds, organized by their investment objectives: •
•
•
•
•
Aggressive Growth Funds (also known as Capital Appreciation Funds) seek to invest in a portfolio of stocks that will provide maximum capital appreciation; current income is not a significant goal. Some may use specialized investment techniques such as option writing or short-term trading. These funds usually entail greater risk, thus the "aggressive" name. Balanced Funds try to balance three different objectives: long-term growth of capital, current income and stability. Corporate Bond Funds seek a high level of income primarily by purchasing bonds of U.S.based corporations. The income and stability of the fund will depend on the quality of the bonds in which the fund's manager is allowed to invest. For example, bonds rated A- to A+++ will offer lower income but greater stability than riskier bonds rated in the B's or below. (See "HighYield Bond Funds.”) Flexible Portfolio Funds may invest in any one investment class (stocks, bonds or money market instruments), or any combination, depending on the conditions in each market. These funds provide the greatest flexibility in anticipating or responding to economic changes. However, these funds may attempt to anticipate shifts in the markets ("timing" the markets), and thus may endure greater risk. Ginnie Mae or GNMA Funds invest primarily in mortgage securities backed by the
Government National Mortgage Association (GNMA). These mortgage securities carry a guarantee from a U.S. Government agency and therefore offer greater stability. •
Global Bond Funds seek a high level of income by investing in the debt securities of companies and governments worldwide. They are subject to risk from fluctuation in the value of various currencies compared to the value of the U.S. dollar.
•
Global Equity Funds invest in securities traded worldwide. They are subject to risk from fluctuation in the value of various currencies.
•
Growth and Income Funds invest mainly in the common stocks of companies that may offer growth in value as well as consistent dividend payments. Such funds attempt to provide investors with long-term capital growth and a steady stream of income.
•
Growth Funds aim to provide capital appreciation rather than steady income. They may be more aggressive and thus entail greater risk.
•
High-Yield Bond Funds maintain at least twothirds of their portfolios in non-investment-grade corporate bonds (those rated Baa or lower by Moody’s rating service and BBB or lower by Standard & Poor's rating service). Some of the bonds (so-called junk bonds) may carry very low ratings. In return for potentially greater income, high-yield funds present investors with greater credit risk than bond funds that purchase betterrated bonds.
•
Income -Bond Funds seek a high level of income by investing in a mixture of corporate and government bonds.
•
Income -Equity Funds invest primarily in stocks of companies with a consistent history of dividend payments.
•
Income -Mixed Funds seek a high level of current income by investing in incomeproducing securities, including both equities and debt instruments.
www.plunkettresearch.com
•
Index Funds invest in a specific stock index, such as the Standard & Poor's 500 or the Wilshire 5000. This requires no special investment acumen on the part of the investment managers. They simply buy a balanced collection of the stocks that make up the particular index. For the investor, this provides tremendous diversification and makes the value of the fund easy to follow and understand. For example, if the Standard & Poor’s is up, so is a fund that invests only in that index.
•
International Funds invest in equity securities of companies located outside the U.S. (See "Global Equity Funds.")
•
National Municipal Bond Funds – LongTerm invest primarily in bonds issued by states and municipalities to finance public projects. In most cases, the Federal Government does not tax income earned on these securities, although the income may or may not be taxed by state and local governments.
•
•
Precious Metals/Gold Funds invest at least two-thirds of fund assets in securities associated with gold, silver and other precious metals. The investments may include inventories of gold or metals or stocks in mining companies. These funds generally involve greater risk because the value of the securities is associated with the market value of the gold, silver, etc., which may fluctuate widely, and the success or failure of the mining ventures attempting to produce the precious metals. Real Estate Investment Trusts (REITs) work in a manner very similar to mutual funds, but in this case investors pool their money to jointly own real estate rather than stocks or bonds. Many REITs specialize in a specific type of real estate, such as shopping centers or apartments. REITs differ from mutual funds in that they are required to distribute almost all of their income annually, directly to shareholders. Investors generally buy shares in REITs with a two-fold purpose: 1) to earn current income, and 2) for long-term capital gains on appreciation in value of the real estate in the REIT. Investors considering a dive into REITs because of their high dividends should note that income-
producing real estate is cyclical in nature and entails significant risks. •
Sector Funds invest solely in specific sectors of the economy. Sector funds are available in the areas of oil and gas, timber, Internet companies, biotechnology firms and a host of other choices. If you're fortunate enough to hit the right sector and the right fund in that sector, the returns can be exceptional.
•
State Municipal Bond Funds – Long-Term work like national municipal bond funds, except that their portfolios contain primarily the issues of only one state government. The dividends on these funds may be exempt from income tax for residents of the state whose bonds are in the fund.
•
Taxable Money Market Mutual Funds seek the highest income consistent with preserving investment principal. These funds seek to maintain a stable $1.00 share price while investing in short-term money market securities (a portfolio’s average maturity typically must be 90 days or less) of high credit quality.
•
Tax-Exempt Money Market Funds – National seek the highest level of income exempt from federal income taxes. These funds invest in short-term municipal securities issued by states and municipalities.
•
Tax-Exempt Money Market Funds – State invest primarily in issues from one state government. Investors who reside in the state whose bonds are in the fund may be exempt from state income tax on dividends.
•
U.S. Government Income Funds seek income by investing in a variety of U.S. Government securities, including treasury bonds. These funds may also hold bonds issued by government agencies, such as Ginnie Mae mortgage-backed securities.
(For additional fund descriptions, see "A Short Glossary for the Financial Services Industry" at the front of this book.)
77
78
www.plunkettresearch.com
B. How Mutual Funds Began The first true mutual fund was introduced in Boston in 1924. That fund, and the great many that followed, grew out of a practice dating to 19th Century England, where investors’ money was pooled in English and Scottish investment companies. These British investment companies financed a variety of instruments issued by businesses, such as U.S. farm mortgages and stocks in railroads and other industries. In America in the early 1920s, when the stock market was soaring, mutual funds grew in number. Shortly after the first funds were organized, however, the 1929 stock market crash ruined U.S. financial markets. Despite setbacks, well-managed investment companies continued their services. Later, the Securities and Exchange Commission (SEC) undertook a special study of investment companies that resulted in the Investment Company Act of 1940. By the end of 2001, the U.S. mutual funds industry had grown to thousands of funds with more than $6.97 trillion in assets, according to the Investment Company Institute, www.ici.org. This represents exponential growth over the past 60 years. In 1940, there was only $448 million in mutual fund assets under management and only 296,000 shareholder accounts. Today, mutual fund companies are the nation’s second-largest financial deposit-holding group, surpassed only by commercial banks. Globally, mutual funds outside of the U.S. totaled $5 trillion in assets at the end of 2000.
be used as IRAs or which will have an automatic monthly deposit feature. However, some of the largest mutual fund firms have determined that they lose money on small accounts, and they are attempting to change their policies by enacting deposit restrictions. Many funds also offer the convenience of writing checks as a means of withdrawal, although most limit check amounts to $250 or more. Many management companies run a family of funds offering different investment objectives, and investors commonly switch from one type of fund to another.
D. Broker/Dealers Mutual fund distributors sell fund shares through securities brokers that have a commissioned sales force (broker/dealers). In addition to traditional brokers (such as Merrill Lynch), banks, insurance agents and some financial planners have become major sellers of mutual fund accounts, earning commissions on the sales they generate.
Source: Investment Company Institute, www.ici.org
E. Ownership Options Individual investors may choose from several potential types of fund ownership. In the simplest form, an investor may own a fund account in his or her own name or jointly with a spouse. Frequently, individuals are participants in employer-sponsored retirement or savings plans. The individual may make choices within the plan regarding types of funds, but the retirement plan takes actual ownership of the fund. Individuals may also set up trusts for themselves, their children, their spouses or their heirs. These trusts may own the mutual fund shares. Individuals may also participate in annuity accounts and other savings vehicles offered by insurance companies, and those vehicles may own mutual fund shares over which the individual has some control options. (See "Types of Retirement Plans.")
C. Initial Investment Some funds seek only larger investor accounts ($2,500 and more), while others go out of their way to attract even the smallest investors. Until recently, most fund accounts for individuals could be opened with a minimum of $1,000. The initial investment minimum is usually smaller for accounts which will
F. Disclosure of Fees and Charges All mutual fund companies charge fees for the operation and management of their funds. These fees are generally paid to the investment adviser, which is a related or independent company that manages the fund. In addition, many funds charge a sales fee (an initial front-end load charge when the shares are
Number of Mutual Funds by Category, U.S., in December 2001 Stock Funds 4,730 Hybrid Funds 484 Taxable Bond Funds 1,278 Municipal Bond Funds 813 Taxable Money Market Funds 690 Tax-Free Money Market Funds 326
www.plunkettresearch.com
purchased or a back-end load charge when the shares are sold). Some funds are no-load, which means there is no sales fee. Information on all fees and charges must be included in a table in the fund’s prospectus (a regulated disclosure document that describes the fund). A 12b-1 fee is frequently charged, which is included in annual fund expenses and is used to provide continuing compensation to the brokers who sold the fund to investors. Under NASD (National Association of Securities Dealers) rules, 12b-1 fees cannot exceed 0.75% of a fund’s average net assets per year. (An additional 0.25% service fee may be paid to brokers or other sales professionals in return for providing ongoing information and assistance to shareholders.) Furthermore, the NASD imposes a rolling cap on total sales charges: 6.25% of gross new sales for funds that pay an annual service fee and 7.25% plus interest for funds that do not pay an annual service fee. Often an annual 12b-1 fee is combined with a declining charge when shares are redeemed, a type of back-end load. Many U.S. investors now purchase their mutual fund shares through discount brokers. For example, Charles Schwab’s heavily advertised One Source mutual fund service is state-of-the art and allows Schwab clients to invest in a dizzying number of different funds from different managers by placing only one telephone call (or making only one Internet connection). G. How Mutual Funds Work • When investors buy into a fund, they are buying shares in an investment pool that is professionally managed. •
The fund invests in a wide array of companies or bonds to diversify its portfolio.
•
Depending on their charter, mutual funds may invest in stocks, bonds or special debt instruments such as convertible bonds, or all of the above.
•
Based on the performance of the portfolio of securities, the fund pays out earnings to shareholders in the form of dividends and capital gains.
H. Risks of Mutual Funds • There is no guarantee of earnings, and fund shares often decline in value. Therefore, there is no guarantee of the safety of an investor's principal. •
A mutual fund is not insured as, for example, a bank deposit may be insured by the FDIC. However, some fund assets, such as GNMA mortgage securities, may have underlying guarantees.
•
There is great variance in the performance of the thousands of mutual funds that are available. This is due to the varying abilities of fund managers and the varying performance of the stocks and bonds in which they invest.
I. Advantages of Mutual Funds • A mutual fund may invest in dozens or even hundreds of different stocks or bonds at once, thereby offering tremendous diversification (which an individual investor would have difficulty achieving). •
A mutual fund typically has full-time professional management.
•
Dividends and earnings on mutual fund shares are automatically reinvested in the fund until the investor makes a withdrawal.
•
Mutual funds provide investors with consistent and well-prepared records.
•
Within many mutual fund families, investors may exchange shares in one type of fund for shares in another.
•
An investor can easily meet a wide variety of objectives by purchasing mutual funds.
•
Mutual fund shares generally offer great liquidity.
79
80
www.plunkettresearch.com
Government bonds and in municipal bonds may be exempt from some or all income taxes.
The Largest Equity Mutual Funds As of February 1, 2002 Assets ($ Mil) Fidelity Magellan Vanguard 500 Index;Inv American Funds ICA;A American Funds Wsh M;A American Funds Grwth;A Fidelity Growth & Income Fidelity Contrafund SPDR Trust;1 American Funds N Per;A American Funds EuPac;A Amer Cent:Ultra;Inv Janus Fund Vanguard Instl Indx;Ins Fidelity Growth Company Vanguard Windsor II;Inv
$79,515.2 73,150.8 54,315.3 48,715.0 36,347.5 34,255.1 32,320.9 30,439.3 27,786.5 27,153.0 26,911.4 25,622.0 24,164.5 22,741.6 22,428.6
K. Income Taxation on Mutual Fund Shares When They are Sold by the Investor • Capital gains are taxed to the individual as ordinary income. •
Ordinary income, like wages, receives no favorable tax treatment. However, capital losses can be used to offset capital gains and up to $3,000 of other income, and capital losses in excess of this amount may be carried over to later years.
•
Changing from one fund to another within a family of funds is also considered to be taxable. Taxes must be paid by the individual investor on capital gains when this kind of exchange is made.
The Largest Bond Mutual Funds As of February 1, 2002 Assets ($ Mil) PIMCO:Total Return;Inst Vanguard GNMA;Inv Vanguard Tot Bd;Inv Franklin CA TF Inc;A American Funds Bond;A
$33,260.4 15,531.4 14,115.7 13,192.2 11,222.9
J. Income Tax Consequences • Shareholders of individual funds pay taxes on distributed and undistributed income from dividends—and also on capital gains. However, until the shareholders redeem their shares, the investment company retains undistributed dividend income. •
•
•
In the case of undistributed dividends, investors pay ordinary income tax in the year these dividends are credited to their account. Distributed capital gains are created when a mutual fund sells its investments. These gains are taxed as ordinary income. Except in the case of tax-exempt funds, mutual fund investors pay ordinary income tax on distributed dividends. Funds that invest in U.S.
L. Mutual Fund Trends • The quantity of mutual fund shares purchased rose dramatically during the 1990s, further fueling the bull market. However, analysis of recent months shows that U.S. investors added less money to equity mutual funds in 2001 than in any year since 1990. This is a result of the conservative investing approach adopted by many investors since the stock market crash of March 2000. It is also a reflection of the general economic slowdown of 2000-2001. The Investment Company Institute reports that investors deposited $32.3 billion in stock mutual funds during 2001, compared to $309.4 billion in 2000. Clearly, individual investors’ enthusiasm for the stock market has dampened for the time being. •
Lipper, a well-respected mutual fund research company, reports that the average stock mutual fund lost 4.5% in 2000 and 1.3% in 2001.
•
“Basket” stock management products, recently introduced by E*Trade, Fidelity, FOLIOfn and many other brokers, enable investors to spread their money over groups of stocks, similar to the advantage offered by mutual funds. For example, with a minimum basket account of $10,000 at Fidelity, you might choose to invest
www.plunkettresearch.com
the money in one of several pre-organized groups of stocks—each group holding stock in dozens of different companies. Or, you might select your own list of up to 50 stocks for your basket. This system may offer more control to the investor, and also may offer more control over the timing of sales that lead to capital gains taxes. M. Mutual Funds Management Companies Since fund management companies can charge high fees from their funds, there is very keen competition for investor dollars among these companies. Highly successful mutual funds may gather billions of dollars in investment money. The manager's annual fee on a $500 million fund might total $7 million. Sales commissions for attracting investors into that fund might total $30 million. While there are hundreds of relatively small players in the mutual funds management business, the most successful companies are large, wellknown firms. Many of them are major bank holding companies or insurance companies. Others are giant companies that specialize in mutual funds, such as Fidelity.
II. Types of Retirement Plans •
Individual Retire ment Accounts (IRAs). This type of account was one of the original selfdirected retirement vehicles. It enables individuals to deposit money into a retirement plan and then exclude the amount deposited from the current year’s taxable income. Qualified deposits are thus fully deductible for tax purposes. However, the growth in value of the plan’s assets are taxable as they are withdrawn, and there are tax penalties for certain types of early withdrawals.
•
Roth IRAs. Several differences exist between tradit ional IRAs and the newer Roth IRA, which was created as part of the Taxpayer Relief Act of 1997. The tax structure of the Roth IRA is completely different from the original IRAs. Growth is tax-free, but contributions are not made on a tax-deductible basis. Instead, they are made with after-tax dollars. However, withdrawals will not affect the investor’s taxable
adjusted gross income during retirement, since withdrawals are not reportable income. •
Small Business Plans. These plans are aimed at small businesses (generally those with fewer than 100 employees) and at the self-employed. Employer contributions may be tax-deductible under certain circumstances, and earnings may accumulate on a tax-deferred basis in qualified plans. Possible plan types include Simplified Employee Pension (SEP), Profit Sharing, Money Purchase Pension and SIMPLE IRA (Savings Incentive Match Plan for Employees).
Internet Research Tip—Retirement Plans: For excellent descriptions and advice regarding individual and small business plans , as well as advice on how to handle your retirement accounts if you change employer, see the Retirement Center at the website of TD Waterhouse, www.tdwaterhouse.com/planning/retirement_center. •
Large Corporate Retirement and Savings or Profit Sharing Plans. Employers may establish complex tax-qualified retirement and profitsharing plans. If these plans meet qualification rules established by the IRS, contributions are tax-deductible and earnings accumulate on a taxsheltered basis. These plans typically take the form of Stock Purchase, Stock Ownership, 401(k) Savings, Profit Sharing and/or Pension plans. Unfortunately, there is no strict standard for the titles by which plans are named in employee handbooks. Therefore, employers offering a 401(k) savings plan may call it by various names that imply it is more beneficial than it really is. The most generous major employers offer packages that consist of several different types of plans at once. For example: 1) A discount stock purchase plan that enables the employee to buy limited amounts of corporate stock at a discount-to-market price. The discount is typically 5% to 15%. 2) A 401(k) savings plan in which the employer matches up to 50% of the employee’s deposit. 3) A true profit-sharing plan where the firm deposits from 5% to 15% of the company’s annual pre-tax profit. It is vital that prospective employees completely understand the nature and benefits of an employer's plans. Additional plan terms are defined below.
81
82
www.plunkettresearch.com
One of the most important things for you to know about your corporate retirement plan is what to do if you change employers. If you change jobs, it is very important for you to have your current employer transfer your retirement plan balance directly to an IRA or to your new employer's plan. Otherwise, if the money is distributed to you to deposit on your own, your employer must withhold 20% of the account balance and send it to the IRS for potential income tax liabilities, and you must then claim the money on your next income tax return. •
•
•
Defined Benefit plans are traditional pension plans, which have become less common in recent years. This type of plan pays the retiree a specific monthly amount, based upon a formula calculated against the retiree's level of salary during the end of his or her career. Defined Contribution plans are now dominating the retirement plan field. In this type of plan the employer contributes a set amount for the employee each year. For example, a 401(k) plan is a defined contribution plan. In a defined contribution plan, the retiree's pay-out is not a guaranteed amount (as it would be under a defined benefit plan). Instead, the amount that the retiree receives depends on the success of the investments in the retiree's account. In many cases, a large portion of the account may be invested in the employer’s stock because the employer deposits stock instead of cash. In most retirement plans, the employee has considerable leeway to choose the type of funds that his or her money is invested in and to make changes in those choices on a regular basis. The U.S. Department of Labor requires that a 401(k) plan offer several investment options. Vast choices are not uncommon. For example, employees at one major industrial firm may choose from 24 investment funds, from cash reserve accounts to growth funds to income funds. Cash Balance plans are a slight variation on the defined contribution plan. In cash balance, the employer deposits an amount equal to a percentage of the employee's earnings, for example 5%. The employer also guarantees a minimum return on that deposit, typically a return equal to that of a Treasury bond.
•
Section 401(k) Savings Plans. This is an employer-sponsored retirement plan that enables employees to defer taxes on a portion of their salaries by earmarking that portion for the retirement plan. In a typical plan, employees may deposit 1% to 6% of earnings. The employer then matches all or a portion of the employee's deposit. A common employer match equals one-half of an employee's deposits of up to 6% of salary. In other words, if an employee deposits 6% of a $30,000 salary ($1,800), the employer would match one-half of that deposit ($900). The employee would then have $1,800 plus $900 in the savings plan ($2,700).
401(k) Plan Characteristics Year-End 1999 Estimated Total Assets $1.7 trillion Estimated Participants 39.6 million Average Account Balance $55,502 Average Account Balance of Workers with 30 Years Tenure At Their Current Employer $198,585 Percent of Accounts with More than $100,000 Balance 15% Percent of Account Balances Invested in Employer’s Company Stock 19% Source: ERBI/ICI Participant-Directed Retirement Plan Data Collection Project, January 2001 Typical 401(k) savings plan for one year for an employee who earns $30,000 in annual salary Employee deposit for one-year at 6% of salary Company matching deposit at one-half of employee deposit This year's total deposit to the 401(k) plan—will grow tax-deferred
$1,800 $ 900 $2,700
The 401(k) account will grow on a tax-deferred basis until the employee begins drawing money at retirement. It is important to note that the provisions of these plans vary widely from one employer to the next. Some employers make no matching deposit. Some generous firms match 100% of qualified employee deposits. (Most plans also let the employee put additional deposits—above 6% of earnings—into the plan on a tax-deferred basis, but these additional deposits will not qualify for matching funds from the employer.) Not
www.plunkettresearch.com
surprisingly, members of Congress have voted for themselves what is probably the most generous savings plan in the nation, where the government matches 200% of their qualified deposits. •
403(b) Plan. This is an employer-sponsored retirement plan that enables employees of universities, public schools and nonprofit organizations to defer taxes on a portion of their salaries by earmarking that portion for the retirement plan. These plans are similar to 401(k) plans.
•
Vesting. Employees who are participants in retirement plans need to be keenly aware of their vesting rights within the plans. That is, certain periods of continual employment may be required before the employee earns full rights to the amounts that have been deposited by the employer.
Stock in your Employer Employers that are publicly held want their employees to own stock in the company so they will have a personal stake in the company's success. This means that many pension plans, profit sharing plans and 401(k) matching deposits may contain large amounts of stock in the employer. This is wonderful if you work for a company that is performing well and has a rapidly growing stock value. On the other hand, it can be devastating if your firm is failing, as shown by the 2001 bankruptcy of Enron and the 2002 bankruptcy of Global Crossing. Employees at some suffering firms have found themselves out of a job and owning benefit plans that have plummeted in value due to the low price per share of the employer's stock. If you have your firm's stock in your plan, be alert to what your investment options are and follow the financial health of your company. III.
by the individual. Hopefully, the investment will grow in value over the contract period of time, and the return to the investor will result in a good investment overall. The annuity investment amount has an opportunity to grow on an income taxdeferred basis. Under most circumstances, income taxes are not due until income is withdrawn from the annuity. Consequently, annuities make excellent vehicles for retirement savings. For example, an individual who is already putting the maximum allowable amount into a 401(k) savings plan and an IRA may want to set additional tax-deferred retirement funds aside in an annuity. Or, an individual who has come into a large amount of cash, from the sale of a business for example, may want to deposit into an annuity, for future retirement, a substantial amount in one payment. An annuity is an excellent vehicle for such situations. Annuities are also used to fund special circumstances. For example, a person who is injured in an accident may receive an annuity in settlement of damages. In this case, the defendant may put a specified amount, say $1 million, into an annuity with an insurance company. The insurance company might then pay to the injured party a monthly income for life, and that annuity investment would be professionally managed without the need for any personal input or oversight by the plaintiff.
A. How Annuities Work • The person who will have the future income is called the "annuitant." •
The annuitant deposits a sum of money with the company (the “insurer”), either in one large payment or in a series of smaller payments extended over a certain period of time. For example, the annuitant who wants to save on a regular basis might deposit $100 per month until retirement age. The investor who wants to set aside a large amount of cash for future retirement might pay a lump sum of $100,000 into the account.
•
At a specified time, the issuing company begins making payments to the annuitant. Generally, this begins upon the retirement of the investor.
•
These payments to the annuitant will most likely total more than the original amount paid in, as a
Annuities
An annuity is a contract between an issuer— frequently an insurance company but sometimes a mutual fund management company—and an individual. The company agrees to provide an income, either fixed or variable in amount, for a specified period of time. This income is provided by the company in exchange for a stipulated investment
83
84
www.plunkettresearch.com
result of applied interest, capital gains and dividends. Hopefully, the value of the account has grown. If the annuity has been in existence for a long period of time, it may have built up very substantial value. •
Payments may be made to the investor under several different options. For example, a retiree may receive monthly payments for the rest of his or her life. Or, the annuity contract may call for payments to be made for a specified period of time—for example, 25 years.
B. Types of Annuities • Immediate Annuities are purchased with a lump sum of money, a single premium. Payments back to the annuitant begin almost immediately. For example, if the annuitant will receive a monthly check, the first payment begins a month after the annuity is purchased. •
Deferred Annuities are those for which payments to the annuitant are deferred for several years. This period of time gives the investment in the annuity an opportunity to grow. This type of annuity may be purchased either with a single lump-sum premium or with a series of smaller investments (such as monthly investments over a period of years).
•
Fixed Annuities (or “fixed-dollar” annuities) provide a guaranteed amount of money in each payout period.
•
Variable Annuities are funded by separate accounts that invest in mutual funds or the stock market. The difference between variable and fixed annuities is the way they are invested. Fixed annuities are invested in relatively safe, stable bonds and mortgages, which may have a low return. Variable annuities may be invested in the stock market, which is riskier, but may have a higher return over a long period of time. Because the stock values of a variable annuity rise and fall with economic conditions, the issuing company offers a variable rate, based on performance. If the company provides astute management, and if market conditions are favorable, annuitants have the opportunity to earn considerably more money under a variable annuity. Many variable annuities are structured
so that the annuitant directs which funds or types of investments are used.
www.plunkettresearch.com
Chapter 6 FINANCIAL INFORMATION TECHNOLOGIES AND FINANCIAL SERVICES ONLINE
CONTENTS
State of Online Access to Financial Services
I. Online Trading
p. 86
II. Online Banking
p. 89
III. New Technology, Electronic Billing, Back Office Services and Outsourced Payment Processing p. 90 IV. Mortgages and the Internet
p. 91
V. Insurance and the Internet
p. 92
Information technologies of all types, including hardware, software and the use of the Internet, are having a profound effect on the financial services arena. To begin with, advances in hardware, software and communications networks enable financial institutions to automate the maintenance of customer accounts and the completion of financial transactions, creating tremendous efficiencies.
U.S. Households Banking Online 2002: 25 million 2005: 43.5 million* U.S. Households Investing Online 2002: 19.6 million 2005: 34.2 million* Online Brokerage Customers Worldwide 2002: 76.7 million 2004: 122.3 million** *Jupiter Media Metrix, September 2001 **IDC, October 2000 Next, advanced software enables financial firms to gather more information about their customers, creating greater marketing opportunities and streamlining customer service. Financial services customers have been encouraged to invest in online technologies for two reasons. First, many firms felt forced into developing online account access, ordering and funds transfer ability by competition. That is, early adopting startup companies, such as NetBank and NextCard, raised significant amounts of venture capital and started offering online services. Later, however, financial services firms learned to appreciate the qualities of the types of consumers who use the Internet. For
85
86
www.plunkettresearch.com
example, online investors, online purchasers of insurance products and others who use online access tend to be the wealthiest and most educated of consumers—in other words, they are the most desirable customers for financial products and services. In many cases, the demographics are compelling. For example, a 2000 study found that online investors have average household incomes of $83,000, far above the typical U.S. household. Various events within business and the economy have tempered the growth of some aspects of online financial services. For example, the stock market rout of March 2000 led to significant declines in online stock trading. Nonetheless, serious migration of virtually all aspects of the financial services business to the Internet will continue at a rapid pace. These aspects include distribution of information, account access, processing sales and transactions, transferring funds, trading, customer service, marketing and much more. A study of online banking traffic by Jupiter Media Metrix (www.jmm.com) found that the number of unique visitors to U.S. banks that offer a combination of physical and online banking climbed by 110.5% to 13.4 million in July 2001, compared to only 6.4 million in July 2000. Any financial services firm without a serious online service strategy will be unable to compete. Companies offering consumers the convenience of purchasing and managing multiple categories of services at one Internet site might develop serious competitive advantages. I.
Online Trading
Without a doubt, the Internet has created sweeping changes in the stock brokerage and trading landscape. The cost of making a trade has plummeted. Many online brokers offer trades for less than $10, and even stalwart traditional brokers like Merrill Lynch and Morgan Stanley have found themselves forced to announce online trading services at value prices. The brokerage arm of American Express enables customers who keep at least $25,000 in their brokerage accounts to execute some trades online for free. At the same time, American Express’s aggressive new reach into no-cost trading proves an irrefutable trend: one of the most viable ways for stock brokerage firms to make money is through the control of substantial assets in their customers’ accounts, not through large fees charged for executing trades.
While there has always been a limited number of individual investors who trade stocks over the very short-term, buying and selling a security in the same day or even in the same hour, the Internet has created an entirely new category of investors who attempt to make their fortunes through extremely rapid buying and selling: daytraders. Daytrading has not only increased the total volume of stocks traded on U.S. exchanges but has also vastly decreased the average amount of time that a typical common stock is held by an investor. About 75% of the shares of the average U.S. -based firm listed on the NYSE change hands in one year. For example, if a company had 10 million shares outstanding, 7.5 million of them were bought and sold in one year alone, on average. That percentage has soared from 46% in 1990 and only 12% in 1960. While the average time that a share of stock is owned in traditional old-line companies remains relatively long, the time line for the average ownership of a new Internet company's stock is amazingly short. For example, a study completed in 1999 showed that the average investment in General Electric, Exxon or Johnson & Johnson was held for about 30 to 33 months, and the average investment in Wal-Mart was held about 18 months. In contrast, the average investment in Microsoft was held only 6 months, and the average investment in Yahoo, Amazon.com, Doubleclick or Priceline.com was held for eight days or less. Online investors tend to be young males. Many consider themselves tech-savvy, and many are aggressive in their investment practices. Of course, the Nasdaq crash of March 2000 put a damper on individual investors and especially drained both the financial resources and the optimism of many daytraders. Prior to the steep market decline, many amateurs made creating profits by trading look easy—others lost considerable sums despite rapidly rising markets. Many daytraders have given up. Nonetheless, there is a cadre of highly talented traders who are enjoying continued success by carefully controlling their exposure to loss through limit orders and rapid trades. Typically, successful daytraders close out all of their ownership and order positions before the end of each day. In that manner, they cannot be blindsided by bad news that develops overnight. Simply put, the Internet is an absolutely revolutionary catalyst in the financial services arena. It lowers the cost of processing funds transfers. It enables individuals working at their PCs at home to act like global financiers. The Internet has put so much money into action from so many new players
www.plunkettresearch.com
that it is directly responsible for an immense increase in the pool of investment funds and the availability of venture capital. That venture capital is fueling the creation of new products, new services and new technologies that further fuel the investment fire. The Internet provides near-perfect, real-time market data and research to those willing to go to the trouble to dig it out of the hundreds of millions of web pages posted on the World Wide Web. The Internet is rapidly making markets of all types much more liquid and efficient. Online investors are using the Internet to their advantage, and the entire structure of Wall Street is changing as a result. The cost of trading stocks online has plummeted since the inception of online trading, thanks to the low overhead achieved when an Internet-enabled brokerage uses the latest technology to cut the amount of costly office space and support staff required to execute trades. Many online investors are not seeking personal investment advice from their brokers — they know what they want, when they want it and how much of it they want, thanks to the research they are able to do online. Consequently, they do not need to interact with an individual stockbroker. Furthermore, an increasing number of investors are using the Internet as their primary method of buying, selling and tracking investment portfolios, regardless of whether those portfolios consist of stocks, bonds, mutual funds or other assets. Advisory material (both good and bad) is readily available and easily located on the Internet. The number of online brokerage firms soared from none in 1994 to more than 100 by the end of 1998. Consolidation has greatly reduced that number today. By 2005, nearly all investors with access to personal computers will use the Internet for their stock and mutual fund investments — if not to enter trades and orders, then at least to gather information about the status of their accounts. As the Internet becomes a required distribution channel, the distinction between online and "regular" trading will disappear. Like any revolutionary practice, online trading's rapidly growing popularity requires the industry to constantly implement change. Firms must consistently upgrade computer systems in order to prevent catastrophic crashes. Also, like most banking companies (see “Online Banking” below), many leading online brokerages are adopting a bricks-and-clicks model that combines physical storefronts with online services. Industry leader E*Trade opened its first physical brokerage branches in 2001. Called E*Trade Financial Centers,
these branches are designed to encourage personal visits by customers and have locations on Madison Ave. in the heart of New York City as well as in Beverly Hills, California; San Francisco, California’s financial district; downtown Boston, Massachusetts; and downtown Denver, Colorado. In addition, the company opened smaller “E*Trade Financial Zones” within SuperTarget department stores in Alabama, Colorado, Florida, Georgia, Nebraska and Texas. CSFBdirect (recently purchased by Bank of Montreal) has opened at least one storefront. Leading discount brokers Charles Schwab and TD Waterhouse have very successfully built blends of storefronts and online offerings.
Enhanced Technology and Extended Trading Hours : Due to increasing trade volume and investor demand, Nasdaq and the NYSE have upgraded their technology and are enhancing the way they operate in several essential ways. For example, the NYSE is creating a global market place, in conjunction with leading international exchanges, and Nasdaq has launched its own electronic communications network. Already, many electronic networks (see "ECN's" below) allow investors to trade outside of the stock exchanges, and leading brokers have invested in technology enabling customers to utilize their cell phones to trade at any time, from any place. Individual investors will continue to demand enhanced services. Technology also gives investors the ability to make trades after normal market hours, a logical way to serve the needs of individuals who can best make time to manage their portfolios after normal working hours. However, technology at brokerages has to be upgraded continuously (at tremendous cost) so that promised services do not get too far ahead of systems. For example, in early 1999, several of the largest online firms experienced difficulties when tidal waves of trades were unleashed by the heady stock market. Among firms whose systems floundered were Charles Schwab Corporation, E*Trade Group, Inc. and Toronto-Dominion Bank's Waterhouse Securities, Inc. Ameritrade went so far as to hire a technology expert as its co-chief executive in an attempt to forestall systemic computer breakdowns. Meanwhile, securities regulators have been forced to pick up the pace. Firms offering investors a pie -inthe-sky picture of quick wealth gained through rapid
87
88
www.plunkettresearch.com
trading are being thoroughly scrutinized by state and federal officials. Television commercials aired by brokerages have featured supposedly average people getting rich quickly through online trading. These ads are being eyed by regulators, as the distinction between humorous irony and false advertising blurs. Regulators have decided to target these messages, subjecting firms to fines or pre-airing clearance. In a June 1999 speech by Securities and Exchange Commission Chairman Arthur Levitt, allusions were made to the potential danger of humorous ads such as one of Morgan Stanley's. In the ad, a truck-driving online trader accumulates enough wealth to buy his own private island. Levitt apparently did not find it funny. Stock fraud and investment scams are frequently launched online, forcing regulators to attempt to monitor the Internet constantly. Online message boards and newsletters should not be safe places for those engaging in fraudulent behavior. Newsletters that tout stocks but fail to give supportive data and proper disclosures are a ta rget for regulators, as are hucksters who promote stocks online to boost prices and then quickly liquidate their own positions. Trading via Electronic Communications Networks (ECNs): One of the most remarkable developments to spring from the online movement is the Electronic Communications Network, or ECN. These privately organized networks allow buyers and sellers of securities to post notices of their desire to trade directly with each other, via the network, completely bypassing stockbrokers and traditional stock exchanges. These ECNs create highly efficient markets that lower transaction costs for participating investors. The cost of trading on an ECN may run from a fraction of one cent to four cents per share, which may be as much as 99% lower than the cost of trading through more traditional means. While these networks are a relatively new development, there are already several successful ECNs. The leaders include Instinet, Island, MarketXT, REDIBook, Archipelago, Bloomberg Tradebook and BRUT. Some consolidation has already occurred among ECNs, and more is likely. Both the NYSE and the Nasdaq are keenly aware of competition from ECNs, and both have made plans to counterattack, including Nasdaq’s 2002 launch of its own ECN, named SuperMontage. Competition from ECNs may eventually drive the NYSE, Nasdaq and other exchanges to offer extended hours, enhanced services and direct connection services identical to those offered by
upstart ECNs, rendering ECNs somewhat superfluous. The stakes are high, and a highly competitive atmosphere will continue to flourish. For example, Instinet, long a leader in the ECN field, is a wholly owned subsidiary of Reuters Group, LLC. Established in 1969 as Institutional Networks Corp., Instinet now has seats on at least 18 major exchanges around the world and trades in at least 40 major markets. The company focuses on serving the largest broker/dealer and buy-side firms, and it offers 24-hour services. Its customers include 459 of the 500 largest investment management firms. The Attain network (www.attain.com) is owned by All-Tech Direct, Inc. It offers direct-access electronic stock trading to investors of all types and appeals in particular to active individual investors and daytraders. A $250-monthly Attain Pro account fee is waived for people executing 100 trades or more per month. The minimum account balance is $25,000. ECNs Archipelago, Chicago, IL, www.tradearca.com Attain, Montvale, NJ, www.attain.com BRUT, New York, NY, www.ebrut.com Instinet, New York, NY, www.instin et.com Island, New York, NY, www.isld.com MarketXT, New York, NY, www.marketxt.com NexTrade, Clearwater, FL, www.nextrade.org REDIBook, New York, NY, www.redi.com (plans to merge with Archipelago in early 2002) Bloomberg Tradebook, New York, NY www.bloomberg.com SuperMontage, part of Nasdaq, New York, NY www.nasdaq.com ALTERNATIVE TRADING SYSTEMS Bernard Madoff Knight/Trimark OptiMark Source: Plunkett Research, Ltd., www.plunkettresearch.com
www.plunkettresearch.com
Largest Online Stock Brokerages Charles Schwab CSFBdirect (acquired DLJdirect; CSFBdirect was then acquired by Bank of Montreal) Datek Online E*Trade Ameritrade (acquired National Discount Brokers) Fidelity Merrill Lynch Morgan Stanley Online TD Waterhouse Source: Plunkett Research, Ltd., www.plunkettresearch.com
II.
Online Banking
Three types of banking organizations are now competing fiercely for online customers: 1. Internet-based, or "virtual," banks that have no traditional storefronts, lobbies or ATMs. 2. Traditional banks that offer Internet services as an additional convenience. 3. Online stock brokerages that have expanded into banking or bank-like services. Online-only banking firms have tried to give brick-and-mortar establishments a run for their money but have encountered great challenges because they lack a physical presence. Throngs of technology firms have developed banking, payment and payment processing software that runs easily over communication networks, creating the opportunity to take market share away from traditional brick-and-mortar banks. Since commerce is clearly becoming more electronic, traditional banks are teaming up with technology firms in order to compete with brokers, mutual fund companies and online-only financial institutions. At first glance, the business model of online banks is intriguing: They have the potential to be more cost-effective to operate than traditional institutions. When the traditional expenditures associated with brick-and-mortar banking are eliminated and new customer-friendly features, such as online payments and account transaction records, are available to the user, Internet banking offers many advantages, both in terms of cost and convenience. The customer is often offered a much simpler, faster and more direct banking experience via online access. Account
information can be reviewed with the click of a mouse at any time, and inter-account transfers can be seamlessly executed. Internet-only banks try to offer higher interest rates to depositors and often charge lower fees. This is based on the theory that an Internet-only bank is more efficient to operate—requiring fewer employees and less physical space than a storefront bank. However, as has proven to be true in many ecommerce areas, Internet-only banking never created the customer base that entrepreneurs sought when launching these enterprises. Several factors are at work here, but the trust that a consumer feels by seeing a physical bank presence combined with the convenience (and sometimes the unavoidable necessity) of the services offered by physical banks have combined to make Internet-only banking a small market. The bottom line is that Internet-only banks lack a competitive advantage of appeal to most customers. After all, banking giants like Citibank and Bank of America can afford to build online access features more easily than a startup Internet-only bank can. Now software firms offer online banking packages that are affordable to even the smallest community-based banks. At the same time, only a physical bank can offer standard services like safety deposit boxes, the ability to deposit cash and the ability to walk up to a teller or bank officer. Also, many consumers continue to have concerns about the security and stability of online-based banks and online account access in general. (Meanwhile, savvy bankers are taking banking to the customer by operating branches inside of supermarkets.) The “virtual vs. tangible” bank issue is one that banks have aggressively taken to task. Well-managed banks nationwide now offer full-service online banking combined with their traditional bank offices in the best of a bricks-and-clicks environment. This is analogous to the success found by many traditional retailers, such as Gap, Wal-Mart and J.C. Penney, in creating synergies between retail storefronts and online stores. One of the most interesting projects in online banking was WingspanBank.com, a wholly owned, Internet-only bank started by Bank One, a major nationwide bank holding company. While Bank One started Wingspan as a truly independent firm designed to compete against all banks (even against Bank One itself), the parent company grew tired of losing money on Wingspan while attracting only modest numbers of customers. Wingspan customers were eventually folded into Bank One, where they can enjoy both storefront and online banking.
89
90
www.plunkettresearch.com
Virtually all of the nation’s larger banking companies now provide extensive online banking services, and every bank, large and small, will eventually have to provide online access in order to remain competitive. Meanwhile , some online and discount stock brokerage firms are venturing into banking or banklike services. E*Trade acquired online banking firm Telebank in January 2000 and purchased 8,000 physical ATM machines. More consolidation along these lines will occur. Brokers such as E*Trade see banking services as a logical way to attract more customers and build higher revenue streams. One Internet-only bank that may prove the viability of this business is NetBank (www.netbank.com), which acquired rival CompuBank’s 50,000 customers in March 2001. NetBank, which claims to be the world’s largest Internet bank, offers very competitive interest rates on deposits and loans and allows customers to open accounts with as little as $50. The firm, which is listed on the Nasdaq under the ticker symbol NTBK, had $2.9 billion in assets by the end of 2001, and it earned a substantial profit in the final quarter of 2001 on a customer base of 245,000 accounts.
Leading Personal Finance and Investment Advice Sites AOL Personal Finance www.moneycentral.msn.com www.quicken.com www.fidelity.com www.etrade.com www.schwab.com Source: BusinessWeek, Nielsen//NetRatings, Jupiter Media Metrix
III. New Technology, Electronic Billing, Back Office Serv ices and Outsourced Payment Processing Credit Cards: Called the "first true Internet Visa" by its creators, the NextCard, offered by NextBank, was designed to be a pioneering model for credit card operations of the future. Although there are several similarities between the operating regimens of standard cards and the NextCard, a number of differences set it apart. Unfortunately, aggressive
acceptance of new accounts led to the company’s demise, and bank regulators seized control of the NextBank in February 2002 because the government felt it should protect the $500+ million in deposits at the bank against the firm’s large losses. Nonetheless, NextBank, primarily a credit card operation, gained a large following at one time and had innovative operations. To begin with, its applicants went online to apply for the NextCard and were accepted or rejected within approximately two minutes. Customers were drawn towards NextCard not only because of an expedient application process but also because of unusually low introductory interest rates. After the first step of the application process, NextCard automatically shows the customer's other credit card balances on the screen, without asking for the numbers, so that the customer can specify what amount he or she wishes to transfer to the new NextCard balance (if any). Unfortunately, the ease of making an application for a credit card made the NextCard system appealing to people who were poor credit risks and to those seeking to commit credit card fraud. Losses from bad debt were extremely high. NextCard completely integrated its own computers with the national credit card processing system, allowing for these real-time credit and balance transfer approvals. All card-related business was conducted through the firm's web site. Online, the customer can review statements, transfer balances, upgrade the card and obtain general services. NextCard had a customer base of approximately 1 million cardholders. American Express has introduced a highly successful smart credit card called “Blue from American Express.” Designed to appeal to technology-savvy consumers, Blue offers several unique features, including perks designed specifically for people who are intense Internet shoppers. To begin with, Blue offers an enhanced level of online shopping security. Utilizing what American Express calls “Smart Chip Private Payments,” it provides a secure, temporary transaction number to use, instead of the actual credit card account number, when filling out an online order form that requires prepayment by credit card. The cardholder inserts Blue into a special reader attached to his or her computer, enters a PIN (personal identification number) and then creates a Smart Chip Payment online. This smart chip, embedded in each Blue credit card, has the potential to create several additional features and competitive advantages for American Express.
www.plunkettresearch.com
Electronic Billing, Back Office Services and Outsourced Payment Processing: Online billing and payments can certainly benefit both the consumer and the business world—they could save paper and some of the estimated $20 billion that businesses spend on postage yearly. Businesses can send bills electronically through a customer's e-mail. When the customer is ready to pay, one simple click will automatically send the funds to an e-bill clearinghouse. There, the payment is deducted from the customer's account, and the vendor's account is credited. Many banks now cooperate with online payment exchanges to enable the payment of bills through online banking instead of physical check-writing. The convenience can be extraordinary. For example, a consumer can set up an online bank account to automatically pay standard bills on the first of each month—without writing a check, buying a stamp or sealing an envelope. Also, customers of Intuit's Quicken.com and Microsoft's Money software have electronic bill payment options. One of the more popular online transaction services is PayPal (www.paypal.com). PayPal enables both businesses and consumers to easily set up accounts that facilitate the transfer of money to anyone with an e-mail address. PayPal had a highly successful initial public offering in February 2002. While making payments and transfers online, or conducting online banking, consumers typically see a seamless process that appears effortless. To the bank or financial institution providing the services, however, the technology that handles such transactions involves immense effort and expense. In fact, keeping up with thousands or millions of customer accounts, regardless of whether those customers are using online access, is a highly specialized and highly automated “back office” side of the financial business that relies heavily on the latest in computer software, hardware and services providers. Many banks, investment managers, insurance providers and other financial institutions have found it advantageous to outsource much of their transaction processing to outside firms that specialize in providing such services. Other institutions build their own massive information technology departments and do all or most of their account and transaction processing in-house. In either event, these firms rely on state-of-the art software that is generally developed by others. Leading companie s in this field include The Bisys Group and Fiserv.
Leading Firms in Back Office, Processing Technologies and Services for Financial Services Companies The Bisys Group, www.bisys.com Bottomline Technologies, www.bottomline.com CheckFree, www.checkfree.com Corillian, www.corillian.com Digital Insight, www.digitalinsight.com Fiserv, www.fiserv.com Metavante, www.metavante.com Princeton eCom, www.princetonecom.com S1 Corporation, www.s1.com Source: Plu nkett Research, Ltd.
V.
Mortgages and the Internet
For those seeking home financing, either for the purchase of a home or to refinance an existing mortgage, the Internet is a great place to start. Just type the word "mortgage" in your favorite search engine and you'll be sifting through hundreds of search results. Furthermore, many companies with Internet services reduce or even eliminate the standard 1% loan origination fee. The automation that the Internet brings to many mortgage processes is a great benefit both to consumers and businesses. The time it takes to originate, process and underwrite a mortgage application can be whittled down to hours and days instead of weeks and months. The Internet is also a vast source of information on all aspects of the mortgage industry, resulting in empowered, betterinformed customers. While much of the legwork can be done over the Internet with online mortgage companies, the ability to actually close a loan electronically is still a few years down the road. A September 2000 survey conducted by Greenfield Online for the Mortgage Bankers Association of America found that mortgage seekers use the Internet primarily to obtain information. That information includes the latest interest rates and details on the procedures and fees involved. The survey found that few people had actually applied for a mortgage using the Internet, and only a handful had closed on a mortgage via online methods. Not surprisingly, the study further found that borrowers using the Internet while shopping for a mortgage tend to be more affluent and better educated than average borrowers.
91
92
www.plunkettresearch.com
Use of the Internet when completing a mortgage application will increase steadily. The most important factor meanwhile is that consumers can use the Internet as a means of rapidly comparing lenders and loan programs, while lenders can use the Internet as a means of making the latest information available.
IV.
Insurance and the Internet
Like any other financial services-related industry, the insurance segment will continue to undergo major changes as e-commerce and the Internet affect it. The Internet and the development of e-commerce promise to deliver more expedient operations and cost efficiency to the insurance industry, though they also raise many new questions. According to consultants at Booze, Allen and Hamilton, insurers selling over the Internet have a substantial cost advantage over the lifetime of a customer, relative to non-Internet-based insurers. Additionally, reports done by Datamonitor indicate that Internet insurers have a 23% expense advantage over agency insurers and a 5% advantage over direct response writers. Reduced sales costs, lower customer service expenses and more advanced information-gathering capacities fuel these efficiencies. Meanwhile, e-commerce has prompted many insurers to upgrade and integrate their information systems. The role of insurance intermediaries and agents and the overall structure of the insurance market are changing dramatically as a result of Internet and ecommerce influences. Insurance portals now exist that can generate a number of competing insurance quotes within seconds. Because providing information and writing transactions have been the primary functions of insurance agents, electronic markets that can perform these tasks more efficiently and with fewer costs threaten these agents. Several agent functions are currently being disintermediated. Today, there are approximately 1.8 million insurance agents in the U.S., taking an average commission of about 11% of insurance policy premiums. However, the number of agents will decline. According to the Center for Risk Management and Insurance Research at Georgia State University, the furthering of ecommerce will decrease the use of the independent agency system relative to exclusive agent and directresponse distribution systems that have grown since the 1970s. The future role of the insurance agent may be geared more toward customer service and advising than generating sales.
The concept that the network becomes more valuable as more people are connected to it is also affecting the insurance industry. Hundreds of millions of people on the Internet translate into an increase in the value of Internet-based insurance services. With the increased value of online connection come decreased distribution costs. For example, products such as travel, credit or burial insurance have relatively high fixed costs and low value, and they are expensive to produce. Customers purchasing these products generally pay a high price per dollar of coverage. The Internet allows the disintermediation of this high overhead for low face-value products, meaning that prices can be lowered and more insurance can be sold by reducing transaction costs. Increased access through e-commerce is also influencing some consumers to purchase broader, high-value insurance products, such as liability umbrellas, to manage their risk. The competitive edge that the Internet provides prompts firms to offer more unique and complex insurance and reinsurance products. Transactions involving many products rely heavily on information and communication, which are areas where the Internet proves to have a considerable competitive advantage. At the same time, the sale and servicing of complex insurance products will require different kinds of networks appropriate for individualized transactions. Security will be an important consideration, given the large amount of proprietary information at stake. The Internet is currently prompting many insurers to restructure and repackage insurance services. In order to take advantage of advanced Internet technology, many companies are reengineering, outsourcing and/or streamlining their management functions or marketing and distribution arms. Some insurers will be able to reduce their investments in physical facilities and certain personnel as a result of the Internet’s ability to more efficiently deliver their services. For example, giant Allstate Insurance announced in 1999 that it would layoff about 10% of its workforce as it began selling insurance over the Internet as part of its new plan to streamline the firm. More recently, insurance giant Cigna Corp. eliminated 2000 jobs at the beginning of 2002 as a result of changes in the way it services accounts. In Summary: The Internet and e-commerce change the way that customers interact with their insurers. Customers can obtain quick quotes from a number of companies and can see ratings and evaluations of insurers on the Web. Additionally,
www.plunkettresearch.com
they can receive better customer service and enjoy cost savings provided by outsourcing. Price comparisons are easily obtained online, and customers also have access to internal records, allowing them to check the status of their claims in terms of payment, when an annuity payment is due and how a mutual fund is performing. Technology brings the customers closer to the basic insurance contract by eliminating inefficiencies.
Major Insurance-Selling Sites on the Internet Answer Financial www.answerfinancial.com The Insurance Answer Center matches customers with insurance carriers and claims to have served 13 million customers. Insweb www.insweb.com enables consumers to compare quotes from 46 different insurance companies. Quicken Insurance www.insuremarket.com, part of the Intuit family, provides quotes from 21 different insurance carriers. Quotesmith.com www.quotesmith.com enables consumers to compare quotes from over 300 insurance companies in all 50 states. eCoverage www.ecoverage.com Highly regarded for ease of use, this site enables consumers to find automobile insurance in 31 states. Source: Plunkett Research, Ltd
93
94
www.plunkettresearch.com
www.plunkettresearch.com
Chapter 7 RESIDENTIAL MORTGAGES
The Residential Mortgage Market
U.S. Mortgage Market At A Glance: 2000 2001 2002* Residential Mortgage Originations $billions Total $1,024 $2,036 $1,410 Refinance $194 $1,140 $522 Purchase $830 $896 $888 Home Sales in thousands New 877 903 881 Existing 5,114 5,223 5,050 Median Home Price $thousands Existing $138.4 $146.0 $151.5 New $166.5 $170.6 $173.2 Contract Interest Rates, 30 year fixed mortgage 8.1% 7.0% 7.2% *2002 numbers are forecasts Source: Mortgage Bankers Association of America www.mbaa.org
Home financing is an enormous, highly competitive and volatile market. In the U.S., 30,000 mortgage brokerage companies (firms that connect borrowers with lenders but do not own mortgage
portfolios in-house) employ 240,000 people. Hundreds of thousands of additional people work for mortgage banking firms (firms that own and originate loans) and in ancillary services. Total mortgage originations during 2001 in America are estimated at $1.8 to $2.0 trillion. The 2001 year was a record period for mortgage loan production thanks to extremely low interest rates, which spurred a flurry of refinancing and home sales activity. Adjustable rate mortgages (ARMs) accounted for a very low percentage of 2001’s activity, at about 12% of all loans originated compared to 25% the previous year, according to statistics developed by the Mortgage Bankers Association of America. Borrowers preferred to lockin low, fixed rates of interest. Many borrowers (about 56%) were refinancing existing mortgages in order to get lower rates, take cash out of their equities or both. In fact, homeowners increased their mortgage obligations in large numbers, cashing out $50 to $60 billion in equity, which provided great stimulus to an otherwise dull economy. However, inflation concerns are growing, mortgage rates are nudging up, and the refinancing boom that helped set last year’s records may recede quickly. With rates still at relatively low levels, sales of existing and new homes have been firm, which is helping to buttress the industry and offset the drop-
95
96
www.plunkettresearch.com
off in refinancing activity. Mortgage companies that survive trend shifts in the fickle fixed income market are the ones that establish long-term relationships with Realtors and builders and do not rely on the short-lived refinance booms.
The Primary and Secondary Mortgage Markets The mortgage market is divided into two components: the primary market and secondary mortgage markets. 1) The primary market is simply the process the consumer encounters in obtaining a home loan: application, credit and property evaluation, underwriting and loan closing. 2) The secondary mortgage market is the acquisition and sale of newly closed and seasoned loans between lenders (such as mortgage bankers who originate and then resell mortgages, earning fees in the process) and institutional investors such as the Government National Mortgage Association (GNMA or "GinnieMae"), the Federal National Mortgage Association (FNMA or "FannieMae") and the Federal Home Loan Mortgage Corporation (FHLMC or "FreddieMac"). With these long-term investors as major purchasers of mortgage loans, vast liquidity is added to the market. Typically, when a lender funds a loan, it is doing so on borrowed funds from a bank, from a line of credit known as a "warehouse line." If the lender does not sell its loans, eventually the warehouse line will be full, and no more funds will be available to it to make loans. In addition to providing liquidity, the secondary market is a convenient way for mortgage bankers to manage and transfer the interest rate risk associated with the closing of the loan. In the secondary market, mortgages are either sold individually ("whole loan") or in pools of loans such as mortgage-backed securities. In general, a pool contains loans that are similar in rate, term and product type. Payments are made to the original lender or to a designated "servicer," who handles billing, collecting, reporting, delinquency follow-up and the management of tax and escrow accounts. A common practice in the industry is to sell the loan "servicing released," along with the original mortgage, for a negotiated fee. By doing this, lenders relieve themselves of the interest rate risk associated with holding mortgage obligations in their portfolios. (Rising interest rates will lower the value of a portfolio of existing loans.) Investors that purchase these loans in the secondary market take a long-term view and are willing to assume interest rate risks.
Mortgages and the Internet See the discussion of all financial services and the Internet in Chapter 6. Factors Affecting Mortgage Rates A sudden shift in interest rates can wreak havoc on the value of an institution's portfolio of loans. It can also cause major headaches for lenders that must constantly tweak their pricing and marketing strategies in order to stay competitive and profitable. Consumers in the market for home financing should track interest rates as well. They should time their decisions to buy or refinance so that they get the best possible rate and stay within their budgets. Internet Research Tip: For good overall access to economic data that affect mortgage rates, use these Internet sites: Federal Reserve Bank of Minneapolis http://woodrow.mpls.frb.fed.us Bureau of Economic Analysis www.bea.doc.gov For excellent information on the mortgage industry and current market conditions: Mortgage Bankers Association of America www.mbaa.org
Mortgage instruments are part of the long-term U.S. debt markets, otherwise known as the "capital markets." Interest rates in these markets are driven by fluctuations in several important economic and inflation indicators. Ironically, bad news for the economy may be good news for the fixed-income markets if interest rates decline. • Gross Domestic Product (GDP). Considered the nation's report card, this report has four components: 1) consumption spending, 2) investment spending, 3) government spending and 4) net exports. Interest rates in the fixedincome (bond and mortgage) markets react favorably to a weak GDP report. A strong report heightens inflation fears and concerns that the Federal Reserve Board ("The Fed") might intervene and raise interest rates. • Consumer Price Index (CPI). Generally regarded as the most important measure of inflation, it compares prices for a fixed list of goods and services (domestic and imported) to a base period. The bond market watches the CPI carefully. A higher-than-expected CPI is
www.plunkettresearch.com
•
•
•
•
•
•
•
•
considered inflationary and will cause bond prices to fall and yields to rise. Producer Price Index (PPI). Unlike the CPI, the PPI does not measure services. Instead, it measures only wholesale prices at the producer level, for consumer goods and capital equipment. Larger than expected increases in the PPI spook the bond market due to fears that inflation may be on the horizon. Employment Cost Index (ECI). The ECI measures the growth of wages and benefits. Although it is not a very timely report, the bond market still looks here for inflationary trends and will react negatively to a strong report. Payroll Jobs. Even though it is subject to numerous and constant revisions, increasing trends in this report are considered inflationary by the bond market. They will cause prices to slump and interest rates to rise. Unemployment Rate. This report covers information on employment, average workweek, hourly earnings and unemployment. This is a lagging indicator, meaning it rises or falls following a change in economic activity. Increasing unemployment translates to inflationary pressure in the eyes of the bond market, resulting in rising interest rates. Housing Starts. The bond market keeps a very close eye on housing activity because it is a leading indicator. An increase in housing activity triggers economic growth. In a low interest rate environment, housing activ ity will likely be strong. If the report is stronger than expected, interest rates will rise. National Association of Purchasing Managers (NAPM). This survey is a bird's eye view of manufacturing activity during the previous 30 days. About 250 companies in 20 industries in all 50 states participate in the survey. The benchmark index is 50, so that a reading over 50 indicates expanding economic activity. This is likely to nudge interest rates upward. Retail Sales. This is a good barometer of consumer spending, which is the consumption spending component of the GDP. Strong retail sales are bearish (negative) for the bond market, pulling prices down and pushing interest rates up. Durable Goods Orders. This is another leading indicator of economic activity. An increase in orders leads to an increase in production. Declines in orders are followed by a build-up of inventories and ultimately a drop-off in production. The report is constantly revised and
•
•
•
generally analyzed on a six-month moving average. Again, a strong report does not bode well for interest rates. Personal Income and Consumption Expenditures. This report provides market forecasters with insight into the future spending habits of consumers. A strong report suggests rapid economic growth and causes concern that the Fed might tighten monetary policy, instigating a bond market sell-off. Industrial Production and Capacity Utilization. Industrial production is an index that measures the physical volume of the output of the nation's manufacturing sector. Capacity utilization measures how much of the nation's total plant capacity is currently active in the production of goods. The bond market prefers a sluggish production pace and weak capacity utilization. Strong numbers in either one of these reports is bearish for the bond market. Existing and New Home Sales. Of moderate importance to the bond market, these reports are somewhat volatile and generally analyzed on a three-month moving average basis.
Primary Market Players Mortgages are orig inated by mortgage companies (bankers and brokers), commercial banks and thrifts. Whereas a mortgage banker can originate, fund and sell the mortgage loan, a mortgage broker can only originate the loan. It must transfer the loan to another entity that either funds and sells the loan or retains it for its own portfolio. A mortgage banker may be a retail or wholesale lender. Retail mortgage bankers solicit builders and Realtors directly, whereas wholesale mortgage bankers solicit only brokers. There are many other ancillary industries that participate in the mortgage loan process: • Real estate agents. Agents assist consumers in the buying and/or selling of a home and sometimes refer their clients to a mortgage loan officer. • Closing agents. These agents serve the role of an impartial third party in the closing process and may be in the offices of attorneys or escrow companies. • Title insurance companies. They insure that the title to the subject property is clear, and then issue a title insurance policy for the lender. • Appraisers. They evaluate market value of the property for the lender and consumer.
97
98
•
•
•
www.plunkettresearch.com
Credit reporting agencies. These agencies research credit records of consumers and provide information as to judgments, bankruptcies, late payments and liens. Private mortgage insurance companies (PMI). They insure the lender against default by the borrower. PMI is required only when the loan principal exceeds 80% of the appraised value or sales price, whichever is lower. The borrower pays for this as a part of the monthly payment. Hazard insurance companies (property and casualty insurance). This insurance is required by the lender for the amount of the outstanding loan balance to insure the property against loss by fire or other disasters.
Internet Research Tip: There is a wealth of information on the Internet for those considering buying or refinancing a home. Some of the more in-depth and informative ones are: www.homepath.com www.mortgage101.com www.mortgage-mart.com www.pueblo.gsa.gov These sites do a fantastic job of explaining the loan process, answering frequently asked questions, defining the broad range of loan options and explaining the steps to take in the event that you need to take action against a lender.
For The Consumer Obtaining financing for a home is an inherently complicated and sometimes frustrating process. Many problems may arise between the initial application and final loan closing. Some important questions to ask yourself before applying for a loan are: • How long do I intend to live in the house? • How much cash do I have for a down payment? • How much cash will I have left over after buying or refinancing the home? • Am I worried about rising interest rates? • How are my income, job and credit histories? • Will my income and job remain stable or improve over the life of the loan? • Am I going to make extra principal payments to pay off the loan early? Knowing answers to at least some of these questions will make life easier for you when it is time to talk with a loan officer or fill out an application. The
more informed and prepared you are, the less frustrating the process will be. Doing your homework will pay off. Fees. Borrowers with good credit should not have to pay more than 1.5% of the mortgage amount in broker’s fees. Lower fees may be available when using Internet-based loan applications. Beware of a "yield spread to premium." This is a fee passed back to the broker by the lender as a result of a higher interest rate being charged. Ask your broker to disclose the yield spread premium, if any, and ask that it be removed from the deal if it is proposed. This should result in a lower interest rate for you. (Not all mortgage brokers attempt to charge this premium.) Lock Your Loan. A lock is simply the lender's agreement to stick to the proposed terms of the loan. This includes interest rate, term of years and the amount of the loan. A lock gives you a guaranteed interest rate so that you are protected against rising interest rates until you close the deal. A lock differs from a loan commitment in that a commitment is the lender's promise to make you a loan, but not necessarily at any particular terms. You should shop lenders for the best interest rate, lowest points, fees and other up-front charges. When you receive a quote that you are comfortable with, obtain a written agreement from the lender stating the terms. Make sure that the rate is locked long enough to get your loan closed, which can take 30 days or more. Remember to keep an eye on interest rates and the aforementioned economic indicators while your loan is in process. If interest rates fall before you have closed, you should be able to negotiate a lower rate, even if your current lock has not expired.
Types of Mortgage Loans Conforming, Fixed-Rate Loans. The most common type of mortgage loan, these are usually offered on a 15-, 20- or 30-year term. The interest rate remains fixed for the life of the loan. Monthly payments may fluctuate because of monthly escrow account analyses covering insurance and taxes, but the interest rate does not vary. The loan is amortized so that it is paid in full upon maturity. During the early years of the loan, the majority of the payment is applied to interest. As the loan is paid down, more is applied to principal.
www.plunkettresearch.com
30-Year Term. A 30-year fixed-rate loan is a good option if you plan on living in your home for a long time. Monthly payments are more reasonable since they are spread out over a long period of time. 15- and 20-Year Term. A shorter-term loan offers the opportunity to own your home free-and-clear in a substantially shorter amount of time. The interest rate is usually an eighth to a quarter lower than that of a 30-year note. While the monthly payment is higher because the loan must be paid off in a shorter amount of time, the total interest paid is significantly less than that of a 30-year loan. Non-Conforming (Jumbo) Loans. Any loan, fixed or ARM, exceeding $308,700. The benchmark loan amount is set by FNMA. It is reviewed annually and adjustments are made accordingly. Adjustable Rate Mortgages (ARM). Amortized over 15 or 30 years, ARM loans offer a lower initial interest rate, but the trade-off is the potential for a higher interest rate in future years. The interest rate adjusts periodically based upon an established index and a fixed margin. Most ARMs have caps on how much the interest rate can adjust, and these vary from lender to lender and program to program. Some ARM programs may also give you the option to convert to a fixed rate at a given point in time. Payments may go up or down depending on where interest rates are when the adjustment date arrives, usually every twelve months. You should feel comfortable that your income will increase to handle any rise in monthly payments before choosing this type of loan. The ARM has two caps. One sets the maximum amount the interest rate can rise on any given adjustment date. The other cap puts a ceiling on the amount the interest rate can adjust over the life of the loan. Common types of ARMs include Treasury-indexed ARMs, Libor- (London Interbank Offered Rate) Based ARMs and the Two-Step Mortgage. Some ARM programs may also have an initial fixed rate period. Also called "Intermediate ARMs,” these programs offer several years of fixed payments before there is an interest rate adjustment. These loans are generally offered with three-, five-, seven- or ten-year introductory fixed rate periods, with an adjustment for each year thereafter. Intermediate ARM loans protect the borrower against sudden rate increases during the early years of the loan. ARM programs vary from lender to lender, so be sure to ask your lender which is the best fit for you.
Government Loan Programs. FHA loans. Sponsored by the Department of Housing and Urban Development (HUD), this program allows borrowers who would not qualify under conventional guidelines to obtain a loan. Down payment requirements are less strict (3% to 5% of the loan amount). FHA maximum loan amounts vary according to the average sales price of a home for a specific region. The loans are guaranteed by the Government National Mortgage Association which insures the lender against default of the borrower. VA Loans. The VA (Veterans Administration) guarantee allows qualified veterans to purchase a home with no down payment. Underwriting guidelines are more flexible than those of FHA or conventional loans, but there is a maximum amount that the loan cannot exceed which was raised to $240,000 in December 2001. RHS (Rural Housing Service). Loans sponsored by the US Department of Agriculture which offer low interest rates and low down payments for low-tomoderate income persons who live in rural areas. State and local bond programs. A number of states sponsor programs to help first-time homebuyers qualify for mortgages. Other state and local programs may also offer closing cost and down payment assistance. You can search FNMA's web site, www.homepath.com, for the nearest housing agency near you. Affordable Housing Loans . For consumers with good credit history who wish to own a home but lack the means to produce the cash for the down payment and closing costs, the Federal National Mortgage Association ("Fannie Mae”) sponsors several loan programs which can assist them. Underwriting ratios are more flexible, allowing the borrower to use a higher percentage of his or her monthly income for housing expense. Ask a local lender for details on these programs or consult FNMA's web site for further information, www.homepath .com. Second Mortgages. These are commonly used to reduce the amount of cash down payment or to circumvent the mortgage insurance requirement. For example, instead of obtaining a 90% loan, a consumer might get an 80% first lien and a 10% second. The buyer will then avoid the cost of mortgage insurance on the first lien; however, he or she will pay a higher rate of interest on the second lien than on the first, because second liens are riskier. Meanwhile, the borrower will be able to claim
99
100
www.plunkettresearch.com
interest paid on both the first and second liens as tax deductions, while mortgage insurance premiums are not tax deductible. Mortgage insurance is only required on loans exceeding 80% loan to value. Balloon Loans. These loans have payments based on a 30-year amortization schedule, but are due and payable usually after five or seven years. Interest rates and monthly payments are lower than a 15-year or 30-year fixed-rate loan. At maturity, the borrower has the option to convert to a fully amortizing loan based on current principal and interest rates, or else pay off the loan. Sub-Prime Loans. There is an increasing market for borrowers with damaged credit. The loans generally cannot be sold through the conforming conduits like FNMA or FHLMC. The rates on these loans are higher than "A" credit-rated loans (sometimes substantially higher, depending on the circumstances of the borrower), simply because the borrower has no choice and no negotiating power due to his or her credit problems. Sub-prime borrowers are frequently required to make higher down-payments of up to 25%. Construction or “Interim” Loans. These loans cover a new property while under construction and are generally made to qualified building companies. Interim loans are paid off at the time of the actual closing of the purchase by the homebuyer, who uses a “permanent” mortgage. Two-, Three- or Four- Family Home Loans. Conforming and non-conforming mortgages are available for multi-family dwellings up to four units. Larger properties require “commercial” mortgages. Commercial Mortgages. Commercial mortgages cover large, multi-family properties such as apartment buildings, as well as office buildings, shopping centers and industrial properties. The rules vary greatly from loan to loan and differ from home loan rules.
www.plunkettresearch.com
101
1-4 Family Mortgage Originations (Refinancings and ARM Share) 1980- 2000 Total ($ Bil.)
Refinancings
ARM
Share (%) Share (%)
1980
133.8
N/A
N/A
1981
98.2
N/A
N/A
1982
96.9
N/A
41
1983
201.9
N/A
40
1984
203.7
N/A
62
1985
289.8
18
51
1986
499.4
32
30
1987
507.2
29
43
1988
446.3
18
58
1989
452.9
19
38
1990
458.4
23
28
1991
562.1
30
23
1992
893.7
48
20
1993
1,019.9
55
20
1994
768.7
32
39
1995
638.4
25
32
1996
785.2
29
27
1997
833.6
31
23
1998
1,507.0
50
12
1999
1,285.0
34
22
2000
1,024.0
19
25
NA - Not Available Sources: U.S. Department of Housing & Urban Development, Federal Housing Finance Board, MBAA
102
www.plunkettresearch.com
New housing units started and authorized, 1960-2001 (Thousands of units) New housing units started 1
Year or Private and public month Total (farm and Nonfarm nonfarm) 1960 1965 1970
1296.1 1,509.7 1,469.0
1971 1972
2,084.5 2,378.5
3
1973 1974
2,057.5 1,352.5
3
1975 1976 1977
1,171.4 1,547.6 2,001.7
3
1978 1979
2,036.1 1,760.0
3
1980 1981 1982
1,312.6 1,100.3 1,072.1
3
1983 1984
1,712.5 1,755.8
3
1985 1986 1987
1,745.0 1,807.1 1,622.7
3
2 3 4 p
3
3
3
3 3
3
3 3
3
3 3
1988 1989
4
3
4
3
1990 1991
4
3
4
3
1992 1993 1994
4
3
4
3
4
3
1995 1996
4
3
4
3
1997 1998 1999
4
3
4
3
4
3
2000
4
3
4
3
2001 1
1274.0 1,487.5
p
1
Private (farm and nonfarm) Type of structure Total 2 to 4 5 units or 1 unit units more 1252.2 994.7 257.5 1,472.8 963.7 86.6 422.5 1,433.6 812.9 84.8 535.9
New private housing units authorized Type of structure Total
1 unit
2 to 4 units
2
5 units or more
998.0 1,239.8 1,351.5
746.1 709.9 646.8
64.6 84.8 88.1
187.4 445.1 616.7
2,052.2 2,356.6
1,151.0 1,309.2
120.3 141.3
780.9 906.2
1,924.6 2,218.9
906.1 1,033.1
132.9 148.6
885.7 1,037.2
2,045.3 1,337.7
1,132.0 888.1
118.3 68.1
795.0 381.6
1,819.5 1,074.4
882.1 643.8
117.0 64.3
820.5 366.2
1,160.4 1,537.5 1,987.1
892.2 1,162.4 1,450.9
64.0 85.9 121.7
204.3 289.2 414.4
939.2 1,296.2 1,690.0
675.5 893.6 1,126.1
63.9 93.1 121.3
199.8 309.5 442.7
2,020.3 1,745.1
1,433.3 1,194.1
125.0 122.0
462.0 429.0
1,800.5 1,551.8
1,182.6 981.5
130.6 125.4
487.3 444.8
1,292.2 1,084.2 1,062.2
852.2 705.4 662.6
109.5 91.1 80.0
330.5 287.7 319.6
1,190.6 985.5 1,000.5
710.4 564.3 546.4
114.5 101.8 88.3
365.7 319.4 365.8
1,703.0 1,749.5
1,067.6 1,084.2
113.5 121.4
522.0 544.0
1,605.2 1,681.8
901.5 922.4
133.6 142.6
570.1 616.8
1,741.8 1,805.4 1,620.5
1,072.4 1,179.4 1,146.4
93.4 84.0 65.3
576.1 542.0 408.7
1,733.3 1,769.4 1,534.8
956.6 1,077.6 1,024.4
120.1 108.4 89.3
656.6 583.5 421.1
1,488.1 1,376.1
1,081.3 1,003.3
58.8 55.2
348.0 317.6
1,455.6 1,338.4
993.8 931.7
75.7 67.0
386.1 339.8
1,192.7 1,013.9
894.8 840.4
37.5 35.6
260.4 137.9
1,110.8 948.8
793.9 753.5
54.3 43.1
262.6 152.1
1,199.7 1,287.6 1,457.0
1,029.9 1,125.7 1,198.4
30.7 29.4 35.0
139.0 132.6 223.5
1,094.9 1,199.1 1,371.6
910.7 986.5 1,068.5
45.8 52.3 62.2
138.4 160.2 241.0
1,354.1 1,476.8
1,076.2 1,160.9
33.7 45.2
244.1 270.8
1,332.5 1,425.6
997.3 1,069.5
63.7 65.8
271.5 290.3
1,474.0 1,616.9 1,640.9
1,133.7 1,271.4 1,302.4
44.5 42.6 31.9
295.8 302.9 306.6
1,441.1 1,612.3 1,663.5
1,062.4 1,187.6 1,246.7
68.5 69.2 65.8
310.3 355.5 351.1
1,568.7 1,603.1
1,230.9 1,274.7
38.7 36.1
299.1 292.3
1,592.3 1,610.8
1,198.1 1,221.2
64.9 68.2
329.3 321.3
Units in structures built by private developers for sale upon completion to local public housing authorities under the Department of Authorized by issuance of local building permit: in 19,000 permit-issuing places beginning 1994; in 17,000 places for 1984–93; in 16,000 Not available separately beginning January 1970. Series discontinued December 1988. Preliminary data. Source: Department of Commerce, Bureau of the Census.
www.plunkettresearch.com
103
New construction activity, 1960-2001 (Value put in place, billions of dollars)
Total new Year/ construcmonth Total tion
1960 1965 1970 1975 1980 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 Jan
1 2 3 4 5
Residential
Private construction Nonresidential buildings and other
1
buildings New 2 housing Total units 23.0 17.3 30.2 23.8 35.9 27.1 51.6 36.3 100.4 69.6 158.5 114.7 187.1 133.2 194.7 139.9 198.1 138.9 196.6 139.2 182.9 128.0 157.8 110.6 187.8 129.6 210.5 144.1 238.9 167.9 230.7 162.9 256.5 179.4 265.9 187.3 314.6 224.0 350.6 251.3 374.3 264.9
54.7 81.9 105.9 152.6 273.9 401.4 429.9 441.6 455.6 469.8 468.5 424.2 452.1 478.6 519.5 537.4 583.4 618.2 704.7 763.8 815.4
38.9 60.0 78.0 109.3 210.3 323.6 345.3 351.0 360.9 371.6 361.1 314.1 336.2 362.7 399.3 407.5 449.0 475.1 551.4 596.3 640.6
Feb Mar Apr May June
859.8 869.3 869.1 870.8 869.6 861.6
673.7 681.8 681.2 677.4 670.8 665.3
386.1 398.9 395.1 392.2 394.3 391.5
July Aug Sept Oct Nov
863.7 856.6 851.9 858.6 865.1
667.8 663.1 660.2 653.0 650.0
395.7 399.6 398.1 398.3 389.6
Public construction
1
construction Total
CommerIndustrial 3 cial
Total Other
Federal
4
State and local
5
15.9 29.7 42.1 57.8 109.9 165.1 158.2 156.3 162.8 175.1 178.2 156.2 148.4 152.2 160.5 176.8 192.5 209.3 236.8 245.7 266.3
4.2 9.4 13.0 17.2 41.7 88.1 84.0 83.2 86.4 89.2 85.8 62.2 53.2 57.9 64.4 75.4 87.0 99.0 110.6 120.4 133.5
2.9 7.2 9.3 11.7 20.5 24.1 21.0 21.2 23.2 28.8 33.6 31.4 29.0 26.5 28.9 32.5 32.7 31.4 40.5 32.6 32.1
8.9 13.1 19.8 28.9 47.7 52.9 53.2 52.0 53.2 57.1 58.8 62.6 66.2 67.8 67.1 68.9 72.9 78.9 85.7 92.6 100.7
15.9 21.9 27.9 43.3 63.6 77.8 84.6 90.6 94.7 98.2 107.5 110.1 115.8 116.0 120.2 129.9 134.5 143.1 153.3 167.5 174.9
3.6 3.9 3.1 6.1 9.6 12.0 12.4 14.1 12.3 12.2 12.1 12.8 14.4 14.4 14.4 15.8 15.3 14.1 14.3 14.0 13.8
12.2 18.0 24.8 37.2 54.0 65.8 72.2 76.6 82.5 86.0 95.4 97.3 101.5 101.5 105.8 114.2 119.2 129.0 139.0 153.5 161.1
269.1 275.4 273.9 274.7 278.8 278.5
287.6 283.0 286.1 285.3 276.5 273.8
141.3 140.5 143.9 139.8 133.1 131.8
35.9 33.4 34.8 34.7 31.9 33.0
110.4 109.1 107.4 110.8 111.5 109.1
186.1 187.5 188.0 193.4 198.7 196.2
14.8 15.0 14.2 13.6 13.8 13.6
171.3 172.6 173.7 179.8 184.9 182.6
280.0 280.2 279.3 279.1 277.5
272.1 263.6 262.1 254.7 260.4
130.8 125.2 125.9 125.2 125.5
34.6 31.9 31.3 25.6 25.6
106.6 106.5 104.9 103.9 109.3
196.0 193.5 191.6 205.6 215.1
13.3 14.0 14.3 15.6 14.1
182.7 179.6 177.4 189.9 201.0
Beginning 1960, farm residential buildings included in residential buildings; prior to 1960, included in nonresidential buildings and other Includes residential improvements, not shown separately. Prior to 1964, also includes nonhousekeeping units (hotels, motels, etc.). Office buildings, warehouses, stores, restaurants, garages, etc., and, beginning 1964, hotels and motels; prior to 1964 hotels and motels Religious, educational, hospital and institutional, miscellaneous nonresidential, farm (see also footnote 1), public utilities Includes Federal grants-in-aid for State and local projects.
Source: Department of Commerce, Bureau of the Census.
104
www.plunkettresearch.com Mortgage debt outstanding by holder, 1960-2001 [Billions of dollars] Other holders
1960 1965 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001:I II III
207.6 333.7 474.4 525.1 598.3 673.6 734.0 793.5 880.3 1,012.1 1,164.6 1,330.1 1,464.8 1,590.2 1,675.6 1,869.3 2,113.1 2,377.2 2,661.5 2,998.9 3,315.6 3,586.8 3,800.8 3,951.8 4,066.1 4,206.1 4,393.0 4,604.0 4,901.6 5,216.8 5,728.2 6,363.3 6,938.1 7,061.6 7,281.5 7,475.9
157.7 265.0 356.7 395.2 450.9 506.4 544.1 582.9 649.3 747.0 849.8 939.9 998.6 1,042.8 1,023.4 1,110.0 1,247.8 1,363.5 1,476.5 1,667.6 1,834.4 1,935.2 1,918.8 1,846.2 1,770.5 1,770.1 1,824.7 1,900.1 1,981.9 2,084.0 2,194.8 2,396.3 2,620.9 2,664.8 2,716.3 2,735.7
87.0 154.9 208.3 236.2 273.7 305.0 324.2 355.8 404.6 469.4 528.0 574.6 603.1 618.5 578.1 626.7 709.7 760.5 778.0 860.5 924.6 910.3 801.6 705.4 628.0 598.4 596.2 596.8 628.3 631.8 644.0 668.6 723.5 741.1 751.7 756.7
41.8 60.0 74.4 75.5 76.9 81.4 86.2 89.2 91.6 96.8 106.2 118.4 131.1 137.7 142.0 151.0 156.7 171.8 193.8 212.4 232.9 254.2 267.9 259.5 242.0 223.9 215.8 213.1 208.2 206.8 213.6 230.8 235.9 235.1 237.1 239.0
11.5 13.5 38.3 46.4 54.6 64.8 82.2 101.1 116.7 140.5 170.6 216.0 256.8 289.4 355.4 433.4 490.6 581.9 733.7 858.9 937.8 1,067.3 1,258.9 1,422.5 1,558.1 1,682.8 1,787.7 1,879.1 2,006.6 2,112.0 2,311.1 2,614.4 2,835.6 2,880.5 2,991.0 3,119.9
and others
Individuals
3
agencies
Federal and related
4
28.9 50.0 74.1 83.4 100.2 120.1 133.6 137.9 153.1 180.8 215.7 246.9 264.5 286.5 303.4 332.3 381.4 431.2 504.7 594.8 676.9 770.7 849.3 881.3 990.5 947.8 1,012.7 1,090.2 1,145.4 1,245.3 1,337.2 1,496.8 1,661.4 1,688.7 1,727.5 1,739.9
Life Insurance companies
2
Banks
Commercial
Institutions
Savings
Total
Total
Year end or quarter
1
Major financial institutions
38.4 55.2 79.4 83.6 92.8 102.4 107.7 109.6 114.4 124.6 144.3 174.3 209.4 258.0 296.8 325.8 374.7 431.8 451.3 472.3 543.5 583.6 623.0 683.2 737.4 753.2 780.6 824.8 913.1 1,020.8 1,222.3 1,352.7 1,481.6 1,516.3 1,574.2 1,620.4
1
Includes savings banks and savings and loan associations. Data reported by Federal Savings and Loan Insurance Corporation-insured institutions include loans in process for 1987 and exclude loans in process beginning 1988. 2
Includes loans held by nondeposit trust companies, but not by bank trust departments.
3
Includes Government National Mortgage Association (GNMA), Federal Housing Administration, Veterans Administration, Farmers Home Administration (FmHA), Federal Deposit Insurance Corporation, Resolution Trust Corporation (through 1995), and in earlier years Reconstruction Finance Corporation, Homeowners Loan Corporation, Federal Farm Mortgage Corporation, and Public Housing Administration. Also includes U.S.-sponsored agencies such as Federal National Mortgage Association (FNMA), Federal Land Banks, Federal Home Loan Mortgage Corporation (FHLMC), and mortgage pass-through securities issued or guaranteed by GNMA, FHLMC, FNMA or FmHA. Other U.S. agencies (amounts small or current separate data not readily available) included with "individuals and others." 4
Includes private mortgage pools.
Source: Board of Governors of the Federal Reserve System, based on data from various Government and private organizations.
www.plunkettresearch.com
105
Mortgage debt outstanding by type of property and of financing, 1960-2001 [Billions of dollars] Nonfarm properties Nonfarm properties by type of mortgage Year end or qtr. 1960 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001: I II p III 1
All Farm proper- properties ties
207.5 333.3 356.5 381.2 411.1 441.6 474.4 525.1 598.3 673.6 734.0 793.5 880.3 1,012.1 1,164.6 1,330.1 1,464.8 1,590.2 1,675.6 1,869.3 2,113.1 2,377.2 2,661.5 2,998.9 3,315.6 3,586.1 3,800.8 3,951.8 4,066.1 4,206.1 4,393.0 4,604.0 4,901.6 5,216.8 5,728.2 6,363.3 6,938.1 7,061.6 7,281.5 7,475.9
12.8 21.2 23.1 25.1 27.5 29.4 30.5 32.4 35.4 39.8 44.9 49.9 55.4 63.9 72.8 86.8 97.5 107.2 111.3 113.7 112.4 105.9 95.2 87.7 83.0 80.5 78.9 79.2 79.7 80.7 83.0 84.6 87.1 90.3 96.5 103.0 108.8 109.9 113.1 114.6
Total
194.7 312.1 333.4 356.1 383.5 412.2 444.0 492.7 562.9 633.8 689.1 743.7 824.9 948.2 1,091.9 1,243.4 1,367.3 1,483.0 1,564.3 1,755.6 2,000.7 2,271.4 2,566.3 2,911.2 3,232.6 3,505.7 3,721.9 3,872.7 3,986.3 4,125.4 4,310.0 4,519.4 4,814.4 5,126.5 5,631.7 6,260.3 6,829.3 6,951.7 7,168.4 7,361.3
1- to 4- MultiComGovernment underwritten 1 family family mercial Total 1- to 4-family houses houses proper- properTotal FHA VA ties ties insured guaranteed 141.9 20.3 32.4 62.3 56.4 26.7 29.7 220.5 37.2 54.5 81.2 73.1 42.0 31.1 232.9 40.3 60.1 84.1 76.1 44.8 31.3 247.3 43.9 64.8 88.2 79.9 47.4 32.5 264.8 47.3 71.4 93.4 84.4 50.6 33.8 283.2 52.2 76.9 100.2 90.2 54.5 35.7 298.0 60.1 85.8 109.2 97.3 59.9 37.3 326.6 70.1 96.1 120.7 105.2 65.7 39.5 367.2 82.8 112.9 131.1 113.0 68.2 44.7 408.6 93.1 132.0 135.0 116.2 66.2 50.0 441.5 100.0 147.6 140.2 121.3 65.1 56.2 482.8 100.6 160.3 147.0 127.7 66.1 61.6 547.1 105.7 172.1 154.1 133.5 66.5 67.0 643.5 114.0 190.7 161.7 141.6 68.0 73.6 754.5 124.9 212.4 176.4 153.4 71.4 82.0 871.0 134.8 237.5 199.0 172.9 81.0 92.0 968.7 140.9 257.7 225.1 195.2 93.6 101.6 1,047.7 138.8 296.5 238.9 207.6 101.3 106.2 1,094.1 140.6 329.6 248.9 217.9 108.0 109.9 1,217.1 153.8 384.7 279.8 248.8 127.4 121.4 1,358.0 176.8 465.9 294.8 265.9 136.7 129.1 1,533.4 205.0 533.0 328.3 288.8 153.0 135.8 1,737.8 238.1 590.5 370.5 328.6 185.5 143.1 1,969.8 260.3 681.1 431.4 387.9 235.5 152.4 2,206.0 276.7 749.9 459.7 414.2 258.8 155.4 2,443.0 287.2 775.4 486.8 440.1 282.8 157.3 2,646.6 285.5 789.8 517.9 470.9 310.9 160.0 2,814.5 282.3 775.9 537.2 493.3 330.6 162.7 2,984.1 269.1 733.2 533.3 489.8 326.0 163.8 3,146.5 266.6 712.3 513.4 469.5 303.2 166.2 3,330.0 267.7 712.3 559.3 514.2 336.8 177.3 3,510.3 277.0 732.1 584.3 537.1 352.3 184.7 3,721.9 294.8 797.7 623.2 574.1 379.2 194.9 3,959.6 310.5 856.5 659.4 608.4 405.7 202.7 4,328.4 340.8 962.5 677.6 627.3 417.9 209.4 4,800.2 376.5 1,083.7 731.5 678.8 462.3 216.5 5,226.6 414.4 1,188.3 773.1 720.0 499.9 220.1 5,320.0 423.6 1,208.2 776.6 723.1 502.8 220.3 5,480.5 438.8 1,249.1 772.3 718.2 497.8 220.4 5,622.9 452.4 1,286.0 773.7 719.7 499.3 220.4
2
Conventional Total 1- to 4-family houses 132.3 231.0 249.3 267.9 290.1 312.0 334.7 372.0 431.8 498.8 548.8 596.7 670.8 786.4 915.5 1,044.4 1,142.2 1,244.1 1,315.4 1,475.7 1,705.8 1,943.0 2,195.8 2,479.7 2,773.0 3,018.8 3,203.9 3,335.4 3,453.0 3,612.0 3,750.7 3,935.2 4,191.2 4,467.1 4,954.1 5,528.9 6,056.2 6,175.1 6,396.1 6,587.6
85.5 147.4 156.9 167.4 180.4 193.0 200.7 221.4 254.2 292.4 320.2 355.1 413.6 501.9 601.1 698.1 773.6 840.1 876.2 968.2 1,092.1 1,244.6 1,409.2 1,581.9 1,791.9 2,002.9 2,175.7 2,321.2 2,494.3 2,677.0 2,815.8 2,973.3 3,147.8 3,351.1 3,701.1 4,121.4 4,506.6 4,596.9 4,762.3 4,903.2
Includes FHA insured multifamily properties, not shown separately.
2
Derived figures. Total includes multifamily and commercial properties, not shown separately.
P
Preliminary Source: Board of Governors of the Federal Reserve System, based on data from various government and private organizations.
106
www.plunkettresearch.com
www.plunkettresearch.com
Chapter 8 THE FINANCIAL SERVICES 500 Who They Are And How They Were Chosen
The companies chosen to be listed in PLUNKETT'S FINANCIAL SERVICES INDUSTRY ALMANAC comprise a unique list. The FINANCIAL SERVICES 500 were chosen specifically for their dominance in the many facets of Financial Services in which they operate. (The actual count is 516 companies.) Complete information about each firm can be found in the Individual Profiles, beginning in this chapter. These profiles are in alphabetical order by company name. The FINANCIAL SERVICES 500 includes companies from all parts of the United States, several foreign nations and all Financial Services-related industry segments. Simply stated, the list contains 516 of the largest, most successful Financial Services companies in America. To be included in our list, the firms had to meet the following criteria: 1) U.S.-based, for-profit corporations. (Seven foreign-based companies have also been included in order to better list leading firms in certain industry sectors.) 2) Stock issued by the firm is sold to the public (except for a small number of companies that are privately held or that have recently been acquired, added in order to round out certain niche sets of firms).
3) Prominence, or a significant presence, in Financial Services and supporting fields. (See the following Industry Codes section for a complete list of types of businesses that are covered). 4) The companies do not have to be exclusively in the Financial Services industry. 5) Financial data and vital statistics must have been available to the editors of this book, either directly from the company being written about or from outside sources deemed reliable and accurate by the editors. A small number of companies that we would like to have included in THE FINANCIAL SERVICES 500 are not listed because of a lack of sufficient, objective data.
107
108
www.plunkettresearch.com
INDEXES TO THE FINANCIAL SERVICES 500, AS FOUND IN THIS CHAPTER AND IN THE BACK OF THE BOOK:
511200 514210
Entertainment and Hospitality
Industry Codes
p. 108
Index of Rankings Within Industry Groups
p. 109
511110
Alphabetical Index
p. 122
513120
Geographic Indexes Index of Headquarters Location, by State
p. 127
Index by Regions of the U.S. Where THE FINANCIAL SERVICES 500 Have Locations
513300A
p. 133 p. 147
Index of firms noted as “Hot spots for advancement” for women/minorities
p. 668
Index by subsidiaries, brand names and selected affiliations
p. 670
INDUSTRY CODES Companies in our books are classified by these industry codes: (Code s are based primarily on the North American Industry Classification System, “NAICS”.) Services Construction Construction Services
Manufacturing 323000
Printing Services Printing
InfoTech 334111
Publishing Newspapers, Publishing Broadcasting Television Broadcasting
Telecommunications
Index by Firms with International Operations
230000
Software Computer Software Information & Data Processing Services Data Processing Services
Computers & Electronics Manufacturing Computer Hardware, Manufacturing
Telecommunications Telephone Service-Local
Financial Services Financial Data 514100 Financial Data Publishing 514191B Financial Information-Online Banking, Credit & Finance 522220 Financing-Automobiles 522110 Banking/Savings Associations 522110A Banking-Online 522390 Check Cashing 522291 Finance-Consumer 522298 Pawn Shops 522210 Credit Card Issuing 522320 Payment and Transaction Processing Services 522220A Financing-Business Equipment, Cars, Trucks 522310 Mortgages 522310A Mortgages, Online Stocks & Investments 523920 Investment Management/Mutual Funds 523930 Investment Advice 523110 Stock Brokerage/Investment Banking Insurance 524298 Financial Guaranty Insurance 524210 Insurance Brokerage and Management 524210A Insurance Brokerage, Online 524113 Insurance Underwriting 524130 Reinsurance 524127 Title Insurance Benefit Plans 525120 Employee Benefit Plans Professional Services, Financial 541219 Outsourcing, Financial Services 541213 Tax Return Preparation Credit Bureau 561450 Credit Bureau
www.plunkettresearch.com
109
INDEX OF RANKINGS WITHIN INDUSTRY GROUPS COMPANY
2000 Sales
Industry Sales Code (thousands) Rank BANKING/SAVINGS ASSOCIATIONS ABINGTON BANCORP INC 522110 $57,200 143 ABN AMRO HOLDING NV 522110 $44,218,000 5 ALLIANCE BANCORP OF NE 522110 $26,100 180 ALLIANCE BANK 522110 $25,500 181 AMERIANA BANCORP 522110 $40,800 158 AMERICAN BANK OF CT 522110 $64,400 137 AMSOUTH BANCORPORATION 522110 $3,739,900 29 ANCHOR BANCORP WISCONSIN 522110 $215,800 95 ASSOCIATED BANC-CORP 522110 $1,115,400 53 ASTORIA FINANCIAL CORP 522110 $1,587,200 44 BANCORPSOUTH INC 522110 $759,600 65 BANK MUTUAL CORPORATION 522110 $145,000 112 BANK OF AMERICA CORP 522110 $57,772,000 3 BANK OF MONTREAL 522110 $12,231,000 11 BANK OF NEW YORK CO INC (THE) 522110 $7,486,000 17 BANK ONE CORP 522110 $25,168,000 7 BANK PLUS CORPORATION 522110 $201,900 97 BANKNORTH GROUP INC 522110 $1,541,500 45 BANKUNITED FINANCIAL CORP 522110 $301,400 89 BANNER CORPORATION 522110 $167,600 107 BAY STATE BANCORP INC 522110 $32,100 173 BAY VIEW CAPITAL CORP 522110 $536,800 76 BB&T CORP 522110 $5,116,700 22 BEDFORD BANCSHARES INC 522110 $14,400 203 BNP PARIBAS 522110 $49,045,100 4 BOK FINANCIAL CORP 522110 $837,600 60 BOSTONFED BANCORP INC 522110 $106,200 121 CAMCO FINANCIAL CORP 522110 $81,200 131 CAPITAL CITY BANK GROUP INC 522110 $136,100 114 CARVER BANCORP INC 522110 $29,900 178 CASCADE FINANCIAL CORP 522110 $50,900 149 CATHAY BANCORP INC 522110 $177,300 102 CAVALRY BANCORP INC 522110 $35,100 166 CHARTER ONE FINANCIAL INC 522110 $2,640,000 34 CITIGROUP INC 522110 $111,826,000 1 CITIZENS BANKING CORP/MI 522110 $703,400 70 CITIZENS FIRST FINANCIAL CORP 522110 $28,900 179 CITY NATIONAL CORPORATION 522110 $755,800 66 COASTAL BANCORP INC 522110 $249,300 91 COASTAL FINANCIAL CORP 522110 $64,000 138 CODORUS VALLEY BANCORP INC 522110 $24,300 184 COLONIAL BANCGROUP INC 522110 $973,100 57
2000 Profits (thousands)
$4,500 $2,353,000 $3,220 $2,800 $3,600 $11,000 $329,100 $19,500 $168,000 $216,500 $74,400 $14,700 $7,517,000 $1,219,000 $1,429,000 -$511,000 -$36,800 $191,700 $15,500 $18,300 $2,800 -$326,200 $626,400 $2,200 $3,883,200 $100,100 $9,700 $7,700 $18,200 -$1,100 $3,700 $38,600 $4,100 $434,000 $13,519,000 $90,700 $1,800 $131,700 $22,500 $8,500 $2,700 $112,700
Profits Rank 45 159 111 12 146 33 100 85 50 18 125 154 167 73 203 31 112 71 186 101 57 88 204 165 169 132 123 82 197 21 108 109 13 28 144 117 79 17 189 115 157 121
110
www.plunkettresearch.com
COMPANY
Industry Code COLUMBIA BANCORP 522110 COMERICA INC 522110 COMMERCE BANCORP INC 522110 COMMERCE BANCSHARES INC 522110 COMMERCIAL FEDERAL CORP 522110 COMMONWEALTH BANCORP INC 522110 COMPASS BANCSHARES INC 522110 CONNECTICUT BANCSHARES INC 522110 CULLEN/FROST BANKERS INC 522110 DEUTSCHE BANK 522110 DIME BANCORP INC 522110 DIME COMMUNITY BANCSHARES 522110 DORAL FINANCIAL CORP 522110 DOWNEY FINANCIAL CORP 522110 EAGLE BANCSHARES 522110 EFC BANCORP INC 522110 EQUITABLE BANK 522110 ESB FINANCIAL CORP 522110 FEDERAL TRUST CORPORATION 522110 FFLC BANCORP INC 522110 FFW CORPORATION 522110 FIDELITY BANCORP INC OF DE 522110 FIDELITY BANKSHARES INC 522110 FIFTH THIRD BANCORP 522110 FINGER LAKES BANCORP INC 522110 FIRST BANCSHARES INC MO 522110 FIRST BELL BANCORP INC 522110 FIRST DEFIANCE FINANCIAL CORP 522110 FIRST ESSEX BANCORP INC 522110 FIRST FED FIN CORP KY 522110 FIRST FEDERAL CAPITAL CORP 522110 FIRST FINANCIAL HOLDINGS INC 522110 FIRST FRANKLIN CORP 522110 FIRST INDIANA CORP 522110 FIRST KEYSTONE FINANCIAL 522110 FIRST MIDWEST BANCORP INC 522110 FIRST MIDWEST FINANCIAL INC 522110 FIRST MUTUAL SAVINGS BANK 522110 FIRST NIAGARA FINANCIAL GROUP 522110 FIRST SENTINEL BANCORP INC 522110 FIRST SOUTH BANCORP INC 522110 FIRST SOUTHERN BANCSHARES 522110 INC FIRST STATE BANCORP NM 522110 FIRST TENNESSEE NATIONAL CO 522110 FIRST VIRGINIA BANKS INC 522110 FIRST WEST VIRGINIA BANCORP 522110
2000 Sales $62,900 $4,087,500 $656,100 $1,065,000 $1,029,500 $158,100 $1,731,700 $105,400 $683,200 $77,775,000 $2,169,700 $170,700 $490,100 $834,900 $110,400 $41,100 $32,700 $81,400 $20,400 $51,000 $18,400 $45,400 $145,500 $4,276,000 $23,600 $15,000 $53,600 $118,400 $119,400 $42,400 $197,100 $180,000 $19,500 $198,400 $32,300 $484,700 $39,000 $53,500 $171,100 $139,100 $40,300
Sales Rank 139 25 72 54 56 108 43 122 71 2 39 105 79 61 120 157 170 130 190 148 196 154 111 24 186 201 145 117 116 156 99 101 191 98 172 81 162 146 104 113 159
$14,800 $59,900 $2,426,400 $761,800 $15,749
202 141 37 63 200
(thousands)
2000 Profits $5,200 $749,300 $80,000 $178,600 $104,000 $15,300 $240,600 $7,400 $108,800 $12,727,000 $154,700 $22,400 $84,700 $99,300 $9,500 $3,900 $2,600 $6,700 $1,200 $5,300 $2,300 $4,200 $8,500 $863,000 $802 $2,000 $6,700 $11,000 $14,500 $5,700 $23,100 $19,900 $1,500 $24,800 $2,400 $75,500 $2,400 $6,600 $19,500 $23,000 $3,500
Profits Rank 147 5 139 94 67 41 142 171 106 7 93 23 176 192 133 86 19 193 29 56 8 153 95 181 143 75 187 140 137 25 64 134 27 160 89 97 61 104 30 107 77
-$3,900 $7,200 $232,600 $142,000 $2,326
54 110 184 180 51
(thousands)
www.plunkettresearch.com
COMPANY
Industry Code FIRSTBANK CORP IDAHO 522110 FIRSTFED AMERICA BANCORP INC 522110 FIRSTFED BANCORP INC 522110 FIRSTFED FINANCIAL CORP 522110 FIRSTMERIT CORPORATION 522110 FLAG FINANCIAL CORP 522110 FLAGSTAR BANCORP INC 522110 FLEETBOSTON FINANCIAL 522110 CORPORATION FLUSHING FINANCIAL CORP 522110 FSF FINANCIAL CORP 522110 FULTON FINANCIAL CORP 522110 GASTON FEDERAL BANCORP 522110 GEORGIA FINANCIAL INC 522110 GLACIER BANCORP INC 522110 GOLD BANC CORP INC 522110 GOLDEN STATE BANCORP INC 522110 GOLDEN WEST FINANCIAL CORP 522110 GREAT AMERICAN BANCORP 522110 GREAT SOUTHERN BANCORP 522110 GREENPOINT FINANCIAL CORP 522110 GUARANTY FEDERAL BANCSHARES INC 522110 HAMILTON BANCORP INC 522110 HARBOR FLORIDA BANCSHARES INC 522110 HARLEYSVILLE SAVINGS BANK 522110 HAWTHORNE FINANCIAL CORP 522110 HCB BANCSHARES INC 522110 HEMLOCK FEDERAL FINANCIAL 522110 HERITAGE FINANCIAL CORP 522110 HF FINANCIAL CORPORATION 522110 HIBERNIA CORPORATION 522110 HINGHAM INSTITUTION FOR 522110 SAVING HMN FINANCIAL INC 522110 HOME FEDERAL BANCORP 522110 HOPFED BANCORP INC 522110 HORIZON BANCORP 522110 HORIZON FINANCIAL CORP 522110 HSBC BANK USA 522110 HUDSON RIVER BANCORP 522110 HUDSON UNITED BANCORP 522110 HUNTINGTON BANCSHARES INC 522110 INDEPENDENCE COMMUNITY BANK 522110 INDEPENDENCE FEDERAL SAVINGS 522110 IRWIN FINANCIAL CORP 522110
2000 Sales
111
$19,400 $100,400 $14,100 $322,100 $955,400 $58,400 $447,000
Sales Rank 192 125 204 88 58 142 82
$22,608,000 $100,800 $37,700 $532,200 $18,500 $62,900 $92,100 $235,500 $4,546,600 $3,957,400 $13,000 $101,100 $1,510,700
2000 Profits $1,700 $8,200 $1,600 $38,500 $159,800 $4,300 $28,900
Profits Rank 113 22 168 179 155 15 92
9 124 164 77 195 140 127 92 23 26 205 123 46
$3,420,000 $12,400 $3,500 $103,800 $2,200 $6,700 $14,000 -$4,500 $350,500 $545,800 $1,000 $15,500 $213,100
47 124 188 177 68 114 81 84 20 66 48 156 44
$25,000 $170,400
182 106
$3,500 -$5,200
36 195
$120,200 $33,700 $157,100 $20,800 $18,700 $48,400 $68,400 $1,466,000
115 168 109 188 194 152 134 48
$21,700 $3,900 $14,300 $800 $1,800 $6,000 $5,300 $170,600
185 35 161 65 62 38 90 103
$24,800 $56,200 $65,500 $16,900 $48,900 $52,800 $6,150,000 $79,000 $639,400 $2,602,100 $419,400
183 144 135 199 151 147 18 133 74 36 83
$4,200 $6,700 $9,400 $2,700 $3,800 $8,700 $567,500 $9,500 $49,800 $328,400 $53,200
43 175 34 4 152 11 42 166 96 69 162
$22,400 $396,200
187 84
$1,200 $41,400
138 199
(thousands)
(thousands)
112
www.plunkettresearch.com
COMPANY KEYCORP LAUREL CAPITAL GROUP INC LOCAL FINANCIAL CORP M&T BANK CORP MAF BANCORP INC MARSHALL & ILSLEY CORP MASSBANK CORP MATRIX BANCORP INC MB FINANCIAL INC MEDFORD BANCORP INC MELLON FINANCIAL CORP MERCANTILE BANKSHARES MONTEREY BAY BANCORP INC MYSTIC FINANCIAL INC NASB FINANCIAL INC NATIONAL CITY CORPORATION NATIONAL COMMERCE FINANCE NBC CAPITAL CORP NEW HAMPSHIRE THRIFT BANC NORTH CENTRAL BANCSHARES NORTH FORK BANCORPORATION NORTHEAST INDIANA BANCORP NORTHEAST PENN FINANCIAL NORTHERN STATES FINANCIAL NORTHERN TRUST CORP NORTHWEST BANCORP INC NORTHWEST INDIANA BANCORP OLD NATIONAL BANCORP ONEIDA FINANCIAL CORP PACIFIC CENTURY FINANCIAL PEOPLE'S BANK PFF BANCORP INC PINNACLE BANCSHARES INC PITTSBURGH FINANCIAL CORP PNC FINANCIAL SERVICES GROUP INC POCAHONTAS BANCORP INC POPULAR INC PROVIDENT FINANCIAL GROUP PROVIDIAN FINANCIAL CORP REGIONS FINANCIAL CORP SEACOAST FINANCIAL SERVICES CORP SKY FINANCIAL GROUP INC SNB BANCSHARES INC SOUTHTRUST CORP SOVEREIGN BANCORP INC
Industry Code 522110 522110 522110 522110 522110 522110 522110 522110 522110 522110 522110 522110 522110 522110 522110 522110 522110 522110 522110 522110 522110 522110 522110 522110 522110 522110 522110 522110 522110 522110 522110 522110 522110 522110
2000 Sales $8,471,000 $17,500 $208,100 $2,097,500 $380,500 $2,676,400 $65,300 $156,200 $114,800 $92,800 $5,979,000 $772,000 $40,100 $17,100 $88,400 $9,050,800 $1,498,000 $86,497 $35,000 $31,300 $1,175,100 $20,600 $47,000 $40,300 $3,548,100 $251,000 $30,100 $740,000 $23,900 $1,320,900 $1,059,800 $232,600 $19,100 $32,100
Sales Rank 15 197 96 40 86 33 136 110 119 126 19 62 161 198 128 13 47 129 167 175 51 189 153 160 30 90 176 69 185 49 55 93 193 174
522110 522110 522110 522110 522110 522110
$7,623,000 $33,000 $2,615,300 $1,225,100 $5,948,200 $3,835,500
522110 522110 522110 522110 522110
$176,400 $748,000 $32,400 $3,899,800 $2,378,300
(thousands)
2000 Profits $1,002,000 $3,400 $23,800 $286,200 $56,600 $315,100 $11,100 $4,300 $11,600 $13,800 $1,007,000 $175,200 $2,500 $1,700 $14,700 $1,302,400 $117,500 $14,045 $2,400 $4,000 $234,800 $1,300 $3,936 $7,900 $485,100 $27,200 $4,400 $61,700 $2,600 $113,700 $108,400 $26,600 $1,700 $1,200
Profits Rank 10 119 6 126 39 151 78 201 149 122 102 141 58 55 32 3 63 80 163 26 60 76 191 173 198 127 202 135 145 37 70 49 9 164
16 169 35 50 20 28
$1,279,000 $3,500 $276,100 $73,600 $651,800 $527,500
205 74 1 130 99 129
103 68 171 27 38
$23,900 $114,400 $3,500 $482,300 -$30,200
200 183 24 120 53
(thousands)
www.plunkettresearch.com
COMPANY ST FRANCIS CAPITA L CORP STATE STREET CORP STATEN ISLAND BANCORP INC STERLING FINANCIAL CORP SUNTRUST BANKS INC SYNOVUS FINANCIAL CORP TCF FINANCIAL CORPORATION TECHE HOLDING COMPANY TF FINANCIAL CORPORATION THISTLE GROUP HOLDINGS TIMBERLAND BANCORP INC TRUSTMARK CORPORATION UMB FINANCIAL CORP UNION PLANTERS CORP UNIONBANCAL CORPORATION UNITED COMMUNITY FINANCIAL US BANCORP VALLEY NATIONAL BANCORP WACHOVIA CORP WASHINGTON MUTUAL INC WAYPOINT FINANCIAL CORP WEBSTER FINANCIAL CORP WELLS FARGO & CO WESTCORP WHITNEY HOLDING CORP WILMINGTON TRUST CORP WILSHIRE FINANCIAL SERVICES GROUP INC YONKERS FINANCIAL CORP ZIONS BANCORP
Industry Code 522110 522110 522110 522110 522110 522110 522110 522110 522110 522110 522110 522110 522110 522110 522110 522110 522110 522110 522110 522110 522110 522110 522110 522110 522110 522110
2000 Sales (thousands)
$188,900 $5,921,000 $387,400 $219,800 $8,619,000 $1,931,300 $1,168,300 $38,600 $50,100 $44,200 $30,100 $613,300 $646,900 $3,087,100 $3,148,300 $116,400 $9,965,500 $511,700 $24,246,000 $15,767,000 $340,100 $867,700 $27,568,000 $761,500 $489,300 $754,200
113 Sales Rank 100 21 85 94 14 41 52 163 150 155 177 75 73 32 31 118 12 78 8 10 87 59 6 64 80 67
522110 $79,900 132 522110 $37,700 165 522110 $1,915,300 42 CHECK CASHING ACE CASH EXPRESS INC 522390 $140,600 1 COMPUTER HARDWARE, MANUFACTURING DIEBOLD INC 334111 $1,743,608 1 COMPUTER RELATED SERVICES FAIR ISAAC AND COMPANY INC 541519 $297,985 1 COMPUTER SOFTWARE BOTTOMLINE TECHNOLOGIES INC 511200 $49,100 5 CORILLIAN 511200 $30,900 6 DIGITAL INSIGHT CORP 511200 $54,428 4 INTUIT INC 511200 $1,093,825 1 MYND CORPORATION 511200 S1 CORPORATION 511200 $233,900 3 SEI INVESTMENTS CO 511200 $598,806 2 CONSULTING-MANAGEMENT & BUSINESS ACCENTURE 541611 $9,752,100 1
2000 Profits $11,100 $595,000 $53,900 $13,700 $1,294,100 $262,600 $186,200 $3,700 $4,500 $5,200 $5,900 $101,700 $65,100 $409,300 $439,900 $11,600 $1,592,000 $106,800 $92,000 $1,899,000 $10,700 $118,300 $4,026,000 $149,200 $67,000 $120,900
Profits Rank 182 170 131 148 14 172 2 87 178 128 116 190 91 83 158 46 105 72 98 40 52 174 118 150 136 196
$3,400 $3,100 $161,700
16 194 59
$8,300
1
$136,919
1
$27,631
1
-$14,300 -$33,300 -$60,000 $305,661
3 4 5 1
-$1,177,700 $98,963
6 2
$2,463,900
1
(thousands)
114
www.plunkettresearch.com 2000 Industry Sales Sales Code (thousands) Rank CREDIT BUREAU D&B 561450 $1,417,600 EQUIFAX INC 561450 $1,965,881 CREDIT CARD ISSUING ADVANTA CORP 522210 $293,181 AMERICAN EXPRESS CO 522210 $23,675,000 CAPITAL ONE FINANCIAL CORP 522210 $5,424,300 COMPUCREDIT CORPORATION 522210 $242,060 CREDIT STORE INC (THE) 522210 $40,700 DELPHI FINANCIAL GROUP INC 522210 $512,886 MBNA CORP 522210 $7,868,900 MCM CAPITAL GROUP INC 522210 $36,600 METRIS COMPANIES INC 522210 $1,438,600 DATA PROCESSING SERVICES AUTOMATIC DATA PROCESSING 514210 $6,287,512 INC INVESTMENT TECHNOLOGY GROUP INC 514210 $310,400 PAYCHEX INC 514210 $728,100 FINANCE-CONSUMER BINGHAM FINANCIAL SERVICES 522291 $25,500 INC HOUSEHOLD INTERNATIONAL INC 522291 $11,960,900 MFN FINANCIAL CORPORATION 522291 $127,140 QUICKEN LOANS INC 522291 STUDENT LOAN CORP 522291 $1,093,700 TFC ENTERPRISES INC 522291 $51,200 UNION ACCEPTANCE CORP 522291 $110,300 USA EDUCATION INC 522291 $4,166,291 WORLD ACCEPTANCE CORP 522291 $105,300 FINANCIAL DATA PUBLISHING FACTSET RESEARCH SYSTEMS 514100 $134,200 INTERACTIVE DATA CORPORATION 514100 $314,138 VALUE LINE INC 514100 $96,200 FINANCIAL GUARANTY INSURANCE AMBAC FINANCIAL GROUP 524298 $621,300 ENHANCE FINANCIAL SERVICES 524298 FINANCIAL SECURITY ASSURANCE 524298 $278,600 MBIA INCORPORATED 524298 $1,057,500 MGIC INVESTMENT CORP 524298 $1,110,300 TRIAD GUARANTY INC 524298 $84,800 FINANCING-AUTOMOBILES 21ST CENTURY HOLDING CO 522220 $37,600 CHRYSLER FINANCIAL CORP 522220 CREDIT ACCEPTANCE CORP 522220 $123,800 FIRST INVESTORS FINANCIAL SVCS GROUP INC 522220 $44,300
2000 Profits
COMPANY
(thousands)
Profits Rank
2 1
$206,600 $228,022
2 1
6 1 3 7 8 5 2 9 4
-$156,684 $2,810,000 $469,600 $82,374 $3,100 -$3,293 $1,312,500 -$23,700 $195,200
9 1 3 5 6 7 2 8 4
1
$840,800
1
3 2
$63,600 $190,007
3 2
8 1 4
-$16,300 $1,700,700 $19,116
8 1 4
3 7 5 2 6
$104,900 $4,068 $17,005 $465,000 $14,200
3 7 5 2 6
2 1 3
$25,300 -$143,472 $33,700
2 3 1
3
$366,200
3
4 2 1 5
$63,300 $528,600 $542,000 $35,000
4 2 1 5
7
-$500
7
4
$23,700
4
6
$3,000
6
www.plunkettresearch.com 2000 2000 Industry Sales Sales Profits Profits Code (thousands) Rank (thousands) Rank FORD MOTOR CREDIT CO 522220 $23,605,700 2 $1,536,500 2 GENERAL MOTORS ACCEPTANCE 522220 $23,661,100 1 $1,602,100 1 ONYX ACCEPTANCE CORP 522220 $115,600 5 $5,800 5 WFS FINANCIAL INC 522220 $368,400 3 $66,400 3 FINANCING-BUSINESS EQUIPMENT, CARS, TRUCKS ACTRADE FINANCIAL TEHCNOLOGIES LTD 522220A $29,400 10 $11,300 6 CONSUMER PORTFOLIO SERV 522220A $36,000 9 -$22,100 12 DVI INC 522220A $143,400 5 $23,400 5 EQUIVEST FINANCIAL INC 522220A $158,300 4 $10,400 8 FINANCIAL FEDERAL CORP 522220A $112,300 6 $26,700 4 GENERAL ELECTRIC CAPITAL CORPORATION 522220A $66,177,000 1 $5,192,000 1 HELLER FINANCIAL INC 522220A $2,037,000 3 $290,000 3 HPSC INC 522220A $52,322 8 $87 11 KBK CAPITAL CORP 522220A $22,600 11 $1,200 10 MEDALLION FINANCIAL CORP 522220A $55,356 7 $7,541 9 PMC CAPITAL INC 522220A $21,584 12 $11,300 7 TYCO CAPITAL 522220A $6,160,400 2 $611,600 2 HMO/PPO FIRST HEALTH GROUP CORP 621491 $506,741 11 $82,619 8 HEALTH NET INC 621491 $9,076,600 5 $163,623 4 HUMANA INC 621491 $10,514,000 3 $90,000 7 MID ATLANTIC MEDICAL SERVICES INC 621491 $1,484,500 8 $39,400 9 OXFORD HEALTH PLANS INC 621491 $4,111,800 6 $265,100 3 PACIFICARE HEALTH SYSTEMS INC 621491 $11,467,900 2 $161,000 5 RIGHTCHOICE MANAGED CARE INC 621491 $1,060,810 10 $35,526 10 SIERRA HEALTH SERVICES INC 621491 $1,393,000 9 -$199,900 11 TRIGON HEALTHCARE INC 621491 $2,611,600 7 $112,000 6 UNITEDHEALTH GROUP INC 621491 $21,122,000 1 $736,000 1 WELLPOINT HEALTH NETWORKS INC 621491 $9,228,958 4 $342,287 2 HOME BUILDING WITH MORTGAGE SUBSIDIARIES CENTEX CORP 230000 $6,008,100 1 $257,100 1 PULTE HOMES INC 230000 $4,159,100 2 $188,500 2 INSURANCE BROKERAGE AND MANAGEMENT AON CORPORATION 524210 $7,375,000 2 $474,000 2 ARTHUR J GALLAGHER & CO 524210 $740,596 3 $87,776 3 E W BLANCH HOLDINGS INC 524210 $191,300 4 -$9,600 5 KAYE GROUP INC 524210 $78,400 5 $9,400 4 MARSH & MCLENNAN COS INC 524210 $10,157,000 1 $1,181,000 1 INSURANCE UNDERWRITING 21ST CENTURY INS URANCE 524113 $869,800 54 $12,900 73 ACCEPTANCE INSURANCE COS 524113 $213,500 81 -$28,800 105 ACMAT CORPORATION 524113 $26,300 111 $2,200 87 AETNA INC 524113 $26,818,900 6 $127,100 40
COMPANY
115
116
www.plunkettresearch.com
COMPANY
Industry Code AFLAC INC 524113 ALFA CORPORATION 524113 ALLEGHANY CORP 524113 ALLMERICA FINANCIAL CORP 524113 ALLSTATE CORPORATION (THE) 524113 AMERICAN COUNTRY HOLDINGS 524113 AMERICAN FINANCIAL GROUP INC 524113 AMERICAN GENERAL CORP 524113 AMERICAN HERITAGE LIFE 524113 INVESTMENT CORP AMERICAN INTERNATIONAL GROUP INC 524113 AMERICAN NATIONAL INSURANCE COMPANY 524113 AMERUS GROUP CO 524113 ANTHEM INC 524113 ARGONAUT GROUP INC 524113 ASSURANT GROUP 524113 ATLANTIC AMERICAN CORP 524113 ATLANTIC MUTUAL COMPANIES 524113 AXA FINANCIAL INC 524113 BALDWIN & LYONS INC 524113 BANCINSURANCE CORPORATION 524113 BERKSHIRE HATHAWAY INC 524113 BROWN & BROWN 524113 CAPITOL TRANSAMERICA CORP 524113 CHUBB CORPORATION (THE) 524113 CIGNA CORP 524113 CINCINNATI FINANCIAL CORP 524113 CITIZENS FINANCIAL CORP 524113 CITIZENS INC 524113 CNA FINANCIAL CORPORATION 524113 CNA SURETY CORPORATION 524113 COMMERCE GROUP INC (THE) 524113 CONSECO INC 524113 DONEGAL GROUP INC 524113 EMC INSURANCE GROUP INC 524113 ERIE FAMILY LIFE INSURANCE CO 524113 ERIE INDEMNITY CO 524113 FARM FAMILY HOLDINGS INC 524113 FARMERS GROUP INC 524113 FBL FINANCIAL GROUP 524113 FIDELITY NATIONAL FINANCIAL INC 524113 FINANCIAL INDUSTRIES CORP 524113 FPIC INSURANCE GROUP INC 524113 FREMONT GENERAL CORP 524113 GAINSCO INC 524113
2000 Sales $9,720,000 $510,300 $945,200 $3,087,900 $29,134,000 $80,800 $3,817,300 $11,063,000
Sales Rank 16 64 53 35 5 101 31 15
$42,426,000
2000 Profits $687,000 $66,800 $68,900 $199,900 $2,252,000 -$2,400 -$56,100 $1,003,000
Profits Rank 18 48 47 34 4 95 107 8
2
$5,636,000
1
$1,834,500 $813,400 $8,771,000 $209,900
42 56 19 83
$140,200 $51,800 $226,000 -$83,300
38 52 32 109
$152,300
89
$3,600
85
$6,125,100 $112,500 $30,400 $33,976,000 $209,700 $109,500 $7,251,500 $19,994,000 $2,331,000 $31,295 $66,700 $15,614,000 $332,300 $1,099,500 $8,296,400 $168,200 $263,500 $115,400 $773,600 $312,900 $3,446,900 $379,800 $2,742,000 $48,000 $182,000 $1,577,200 $164,700
29 93 109 3 84 94 24 10 39 108 104 11 71 49 22 87 78 92 59 72 32 70 37 105 86 46 88
$2,415,400 $19,800 $3,900 $3,328,000 $33,200 $14,500 $714,600 $987,000 $118,400 $238 $2,100 $1,214,000 $53,600 $132,100 -$1,070,600 $8,900 $2,300 $25,400 $152,400 $30,500 $725,300 $39,300 $108,300 $8,800 $600 -$506,300 -$19,600
3 69 83 2 60 72 17 11 41 93 88 6 50 39 111 77 86 65 37 62 16 58 44 78 91 110 103
(thousands)
(thousands)
www.plunkettresearch.com
COMPANY GREAT AMERICAN FINANCIAL RESOURCES INC GUARDIAN LIFE INSURANCE CO HALLMARK FINANCIAL SERVICES INC HARLEYSVILLE GROUP INC HARTFORD FINANCIAL SERVICES GROUP INC (THE) HCC INSURANCE HOLDINGS INC HILB, ROGAL & HAMILTON CO HORACE MANN EDUCATORS CORPORATION HSB GROUP INC INDEPENDENCE HOLDING CO INTERCONTINENTAL LIFE CORPORATION JEFFERSON-PILOT CORPORATION JOHN HANCOCK FINANCIAL SERVICES INC KANSAS CITY LIFE INSURANCE COMPANY LEUCADIA NATIONAL CORP LIBERTY MUTUAL INSURANCE COMPANIES LINCOLN NATIONAL CORPORATION LOEWS CORPORATION MARKEL CORPORATION MASSACHUSETTS MUTUAL LIFE MCM CORP MEADOWBROOK INSURANCE MERCHANTS GROUP INC MERCURY GENERAL CORP MERIDIAN INSURANCE GROUP INC METLIFE INC MONY GROUP INC (THE) NATIONAL SECURITY GROUP INC (THE) NATIONAL WESTERN LIFE NATIONWIDE FINANCIAL SERVICES INC NAVIGATORS GROUP INC NEW YORK LIFE INSURANCE CO NORTH EAST INSURANCE CO NYMAGIC INC OHIO CASUALTY CORP OLD REPUBLIC INTERNATIONAL PACIFIC MUTUAL HOLDING CO PHILADELPHIA CONSOLIDATED HOLDING CORP
Industry Code
2000 Sales (thousands)
117 Sales Rank
2000 Profits (thousands)
Profits Rank
524113 524113
$824,300 $6,568,600
55 28
$54,700 $563,200
49 23
524113 524113
$23,900 $802,600
112 57
-$200 $48,700
94 54
524113 524113 524113
$14,703,000 $466,200 $262,100
13 66 79
$974,000 $53,400 $21,800
12 51 67
524113 524113 524113
$781,200
58
$20,800
68
$130,400
90
$11,400
76
524113 524113
$103,756 $3,238,000
96 33
$12,066 $537,000
74 24
524113
$7,598,100
23
$838,900
14
524113 524113
$472,900 $715,500
65 61
$49,100 $116,000
53 42
524113 524113 524113 524113 524113 524113 524113 524113 524113 524113 524113 524113
$13,470,000 $6,851,500 $21,337,800 $1,094,500 $15,340,400
14 26 9 50 12
$621,400 $1,876,700 -$27,600 $739,500
20 5 104 15
$201,500 $108,600 $1,366,000 $244,300 $31,947,000 $1,251,800
85 95 47 80 4 48
-$17,500 $4,300 $109,400 -$7,800 $953,000 $224,600
102 82 43 97 13 33
524113 524113
$29,700 $292,700
110 73
$3,800 $28,500
84 63
524113 524113 524113 524113 524113 524113 524113 524113
$3,170,300 $120,100 $21,996,000
34 91 8
$434,900 $7,000 $1,205,000
25 79 7
$100,700 $1,736,700 $2,070,600 $4,417,000
98 44 40 30
-$5,500 -$79,200 $297,500 $995,000
96 108 29 9
524113
$273,800
76
$30,800
61
118
www.plunkettresearch.com 2000 Industry Sales Sales Code (thousands) Rank PHOENIX COMPANIES (THE) 524113 $2,995,000 36 PICO HOLDINGS INC 524113 $45,400 106 PMA CAPITAL CORPORATION 524113 $660,000 62 PMI GROUP INC 524113 $762,600 60 PRESERVER GROUP INC 524113 $90,100 99 PRESIDENTIAL LIFE CORPORATION 524113 $284,500 74 PRINCIPAL FINANCIAL GROUP 524113 $8,884,900 18 (THE) PROFESSIONALS GROUP INC 524113 $273,400 77 PROGRESSIVE CORP 524113 $6,771,000 27 PROTECTIVE LIFE INSURANCE CO 524113 $1,734,000 45 PRUDENTIAL FINANCIAL 524113 $26,544,000 7 RADIAN GROUP INC 524113 $615,400 63 RTW INC 524113 $83,300 100 SAFECO CORP 524113 $7,118,400 25 SCPIE HOLDINGS 524113 $211,500 82 SEIBELS BRUCE GROUP INC (THE) 524113 $70,100 103 SELECTIVE INSURANCE GROUP 524113 $1,004,800 52 ST PAUL COMPANIES INC (THE) 524113 $8,608,000 20 STANDARD MANAGEMENT CORP 524113 $76,100 102 STATE AUTO FINANCIAL 524113 $462,800 67 STATE FARM INSURANCE COMPANIES 524113 $47,863,100 1 TORCHMARK CORP 524113 $2,515,900 38 TRANSAMERICA CORP 524113 UICI 524113 $1,051,356 51 UNICO AMERICAN CORP 524113 $38,400 107 UNITED FIRE & CASUALTY CO 524113 $420,600 69 UNITRIN INC 524113 $1,953,200 41 UNIVERSAL AMERICAN FINANCIAL 524113 $284,091 75 UNUMPROVIDENT CORP 524113 $9,432,300 17 USAA 524113 $8,551,000 21 W R BERKLEY CORPORATION 524113 $1,781,300 43 WARRANTECH CORPORATION 524113 $101,200 97 ZENITH NATIONAL INSURANCE CORP 524113 $459,600 68 INVESTMENT MANAGEMENT/MUTUAL FUNDS AFFILIATED MANAGERS GROUP 523920 $458,700 8 ALLIANCE CAPITAL MANAGEMENT LP 523920 $2,522,100 1 BLACKROCK INC 523920 $476,900 7 CDC IXIS ASSET MANAGEMENT NA 523920 EATON VANCE CORP 523920 $429,600 9 FEDERATED INVESTORS INC 523920 $680,800 5 FRANKLIN RESOURCES INC 523920 $2,340,100 2 ING PILGRIM 523920 INVESTORS FINANCIAL SERVICES 523920 $343,800 11
COMPANY
2000 Profits $83,300 -$9,500 $1,300 $260,200 $2,000 $40,900
Profits Rank 46 99 90 30 89 57
$620,200 $11,700 $46,100 $153,500 $398,000 $248,900 -$9,700 $159,400 $17,300 -$15,400 $26,500 $993,000 $5,300 $47,700
21 75 56 36 27 31 100 35 70 101 64 10 81 55
$408,100 $372,300
26 28
$5,733 $400 $15,500 $91,000 $22,885 $564,200 $669,000 $36,200 -$8,200
80 92 71 45 66 22 19 59 98
-$46,800
106
$56,700
10
$224,000 $87,400
3 9
$116,100 $155,400 $562,100
7 4 1
$33,600
11
(thousands)
www.plunkettresearch.com
COMPANY JOHN NUVEEN COMPANY (THE) NETBANK INC NEUBERGER BERMAN INC OMEGA WORLDWIDE INC PHOENIX INVESTMENT PTNRS PIMCO ADVISORS LP PIONEER INVESTMENT MANAGEMENT USA INC T ROWE PRICE GROUP INC UNITED ASSET MANAGEMENT CORP WADDELL & REED FINANCIAL AMERICAN BUSINESS FINANCIAL AMERICAN HOME MORTGAGE HOLDINGS INC AMERICREDIT CORP CHARTER MUNICIPAL MORTGAGE ACCEPTANCE CO COUNTRYWIDE CREDIT INDUSTRIES INC FANNIE MAE FEDERAL AGRICULTURAL FINET.COM FIRST MORTGAGE CORP FIRSTCITY FINANCIAL CORP FREDDIE MAC HOMEGOLD FINANCIAL INC LONG BEACH FINANCIAL CORP MUNICIPAL MORTGAGE & EQUITY NEW CENTURY FINANCIAL CORP RESOURCE BANCSHARES MORTGAGE GROUP
Industry Code 523920 523920 523920 523920 523920 523920 523920 523920
2000 Sales
119
$370,700 $119,700 $799,800 $145,600
Sales Rank 10 13 4 12
$1,212,300
(thousands)
523920 523920 $520,700 MORTGAGES 522310 $130,600
2000 Profits (thousands)
Profits Rank
$106,700 $8,593 $150,400 $1,400
8 12 5 13
3
$269,000
2
6
$139,000
6
7
$6,400
8
522310 522310
$58,300 $509,680
11 4
$5,400 $114,501
9 4
522310
$59,700
10
$30,100
6
522310 522310 522310 522310 522310 522310 522310 522310 522310 522310 522310
$1,870,873 $44,088,000 $207,500 $8,100 $17,900 $52,200 $29,969,000 $47,600
3 1 5 15 14 12 2 13
$410,243 $4,416,000 $10,400 -$24,800 -$600 -$15,900 $2,547,000 -$29,800
3 1 7 13 10 11 2 14
$100,900 $163,900
9 6
$31,600 -$23,000
5 12
522310 $110,800 8 -$42,300 MORTGAGES, ONLINE E-LOAN INC 522310A $35,879 1 -$91,760 NEWSPAPERS, PUBLISHING DOW JONES & COMPANY INC 511110 $2,202,600 1 -$119,000 OUTSOURCING, FINANCIAL SERVICES CRAWFORD & COMPANY 541219 $712,200 1 $25,300 PAWN SHOPS CASH AMERICA INTERNATIONAL INC 522298 $363,700 1 -$1,730 PAYMENT AND TRANSACTION PROCESSING SERVICES BILLSERV INC 522320 $612 13 -$20,008 BISYS GROUP INC (THE) 522320 $571,400 8 $70,200 CHECKFREE CORP 522320 $310,195 9 -$32,320 CONCORD EFS INC 522320 $1,229,434 5 $187,475 ELECTRONIC CLEARING HOUSE 522320 $28,340 12 $291
15 1 1 1
1 10 6 12 2 8
120
www.plunkettresearch.com
COMPANY EURONET WORLDWIDE INC FIRST DATA CORP FISERV INC INSTINET GROUP INC INTERCEPT GROUP INC (THE) METAVANTE CORPORATION NOVA CORPORATION PRINCETON ECOM TOTAL SYSTEM SERVICES INC BOWNE & CO INC DELUXE CORP
2000 Industry Sales Code (thousands) 522320 $52,700 522320 $5,705,200 522320 $1,653,606 522320 $1,435,000 522320 $69,600 522320 $603,700 522320 $1,578,400 522320 522320 $601,293 PRINTING 323000 $1,113,500 323000 $1,262,700 REINSURANCE 524130 524130 $1,479,800 524130 $8,696,000 524130 $198,900
Sales Rank 11 1 2 4 10 6 3
2000 Profits -$49,600 $929,600 $177,021 $148,200 -$16,900 $55,900 -$26,400
Profits Rank 13 1 3 4 9 7 11
7
$85,643
5
2 1
$7,000 $161,900
2 1
$186,400
2
-$10,800
5
$77,700 $211,638 $9,451
3 1 4
-$9,847 $382,900 $21,000 -$13,600 $773,200 $718,100 $1,412,000 $19,200 -$4,900 $20,300 -$700
34 9 19 37 7 8 6 21 31 20 29
$18,100 $3,067,000 $8,367 $5,727,000 $5,000 $55,000 -$11,300 $259,900 $81,900
22 4 24 1 27 17 35 10 15
$5,100 -$5,700
26 32
ACE CAPITAL RE EVEREST RE GROUP LTD 4 GENERALCOLOGNE RE CORP 1 PXRE CORP 6 REINSURANCE GROUP OF AMERICA INC 524130 $1,725,700 3 TRANSATLANTIC HOLDINGS INC 524130 $1,899,119 2 TRENWICK GROUP LTD 524130 $361,555 5 XL RE AMERICA 524130 STOCK BROKERAGE/INVESTMENT BANKING A B WATLEY GROUP INC 523110 $42,753 35 A G EDWARDS INC 523110 $2,819,000 9 ADVEST GROUP INC 523110 $418,800 18 AMERITRADE HOLDING CORP 523110 $654,500 16 BEAR STEARNS COS INC (THE) 523110 $10,276,600 7 CHARLES SCHWAB CORP (THE) 523110 $5,787,700 8 CREDIT SUISSE FIRST BOSTON 523110 $12,194,000 6 E*TRADE GROUP INC 523110 $1,973,183 10 EVISION USA.COM INC 523110 $29,800 37 FIRST ALBANY COMPANIES INC 523110 $187,600 23 FIRST MONTAUK FINANCIAL CORP 523110 $59,300 31 FREEDOM SECURITIES CORP 523110 FRIEDMAN BILLINGS RAMSEY 523110 $180,900 24 GOLDMAN SACHS GROUP INC 523110 $33,000,000 4 HOENIG GROUP INC 523110 $103,282 27 J P MORGAN CHASE & CO INC 523110 $60,065,000 1 JB OXFORD HOLDINGS INC 523110 $100,900 28 JEFFERIES GROUP INC 523110 $761,900 15 KIRLIN HOLDING CORP 523110 $31,000 36 KNIGHT TRADING GROUP INC 523110 $1,256,900 13 LABRANCHE & CO INC 523110 $344,800 21 LADENBURG THALMANN FINANCIAL 523110 $89,600 29 LAIDLAW GLOBAL CORP 523110 $24,100 38
(thousands)
www.plunkettresearch.com
COMPANY
Industry Code 523110
2000 Sales (thousands)
121 Sales Rank 12
LEGG MASON INC $1,399,600 LEHMAN BROTHERS HOLDINGS 523110 $26,447,000 5 INC MAXCOR FINANCIAL GROUP 523110 $151,600 26 MERRILL LYNCH & CO INC 523110 $44,872,000 3 MORGAN STANLEY DEAN WITTER 523110 $45,448,000 2 NATIONAL DISCOUNT BROKERS 523110 $385,800 19 NEW VALLEY CORP 523110 $152,900 25 RAGEN MACKENZIE GROUP INC 523110 RAYMOND JAMES FINANCIAL INC 523110 $1,698,600 11 RBC DAIN RAUSCHER CORP 523110 $1,181,018 14 SANDERS MORRIS HARRIS GROUP 523110 $43,900 34 SIEBERT FINANCIAL CORP 523110 $44,300 33 SOUNDVIEW TECHNOLOGY GROUP 523110 $375,500 20 STIFEL FINANCIAL CORP 523110 $198,100 22 SWS GROUP INC 523110 $589,100 17 TRADESTATION GROUP INC 523110 $52,900 32 ZIEGLER COMPANIES (THE) 523110 $83,800 30 TAX RETURN PREPARATION H & R BLOCK INC 541213 $2,451,900 1 TELEPHONE SERVICE-LOCAL ALLTEL CORP 513300A $7,067,000 1 TITLE INSURANCE CHICAGO TITLE CORPORATION 524127 FIRST AMERICAN CORP 524127 $2,934,300 1 INVESTORS TITLE COMPANY 524127 $42,200 4 LANDAMERICA FINANCIAL GROUP 524127 $1,802,400 2 STEWART INFORMATION SVCS CORP 524127 $935,500 3 UTILIZATION MANAGEMENT, HEALTH CARE CORE INC 621999 $63,980 1
2000 Profits
Profits (thousands) Rank $150,400 11 $1,831,000 $2,000 $3,979,000 $5,456,000 $53,400 $59,000
5 28 3 2 18 16
$125,200 $100,116 -$9,600 $8,000 -$22,000 $9,200 $94,200 -$13,500 -$4,700
12 13 33 25 38 23 14 36 30
$251,900
1
$1,928,800
1
$82,200 $3,100 -$80,800
1 2 4
$600
3
-$723
1
122
www.plunkettresearch.com
ALPHABETICAL INDEX If you are seeking a company by name and you do not find it on this list, please turn to the back of the book to the Index of Subsidiaries and Brand Names. You may find your target firm there. Company
Industry Code
21ST CENTURY HOLDING CO 522220 21ST CENTURY INSURANCE 524113 A B WATLEY GROUP INC 523110 A G EDWARDS INC 523110 ABINGTON BANCORP INC 522110 ABN AMRO HOLDING NV 522110 ACCENTURE 541611 ACCEPTANCE INSURANCE COS 524113 ACE CAPITAL RE 524130 ACE CASH EXPRESS INC 522390 ACMAT CORPORATION 524113 ACTRADE FINANCIAL TEHCNOLOGIES 522220A ADVANTA CORP 522210 ADVEST GROUP INC 523110 AETNA INC 524113 AFFILIATED MANAGERS GROUP 523920 AFLAC INC 524113 ALFA CORPORATION 524113 ALLEGHANY CORP 524113 ALLIANCE BANCORP OF NE 522110 ALLIANCE BANK 522110 ALLIANCE CAPITAL MANAGEMENT LP 523920 ALLMERICA FINANCIAL CORPORATION 524113 ALLSTATE CORPORATION (THE) 524113 ALLTEL CORP 513300A AMBAC FINANCIAL GROUP 524298 AMERIANA BANCORP 522110 AMERICAN BANK OF CT 522110 AMERICAN BUSINESS FINANCIAL SERVICES522310 AMERICAN COUNTRY HOLDINGS 524113 AMERICAN EXPRESS CO 522210 AMERICAN FINANCIAL GROUP INC 524113 AMERICAN GENERAL CORP 524113 AMERICAN HERITAGE LIFE INVESTMENT 524113 AMERICAN HOME MORTGAGE HOLDINGS 522310 AMERICAN INTERNATIONAL GROUP INC 524113 AMERICAN NATIONAL INSURANCE CO 524113 AMERICREDIT CORP 522310 AMERITRADE HOLDING CORP 523110 AMERUS GROUP CO 524113 AMSOUTH BANCORPORATION 522110 ANCHOR BANCORP WISCONSIN 522110 ANTHEM INC 524113 AON CORPORATION 524210 ARGONAUT GROUP INC 524113 ARTHUR J GALLAGHER & CO 524210 ASSOCIATED BANC-CORP 522110
ASSURANT GROUP 524113 ASTORIA FINANCIAL CORP 522110 ATLANTIC AMERICAN CORP 524113 ATLANTIC MUTUAL COMPANIES 524113 AUTOMATIC DATA PROCESSING INC 514210 AXA FINANCIAL INC 524113 BALDWIN & LYONS INC 524113 BANCINSURANCE CORPORATION 524113 BANCORPSOUTH INC 522110 BANK MUTUAL CORPORATION 522110 BANK OF AMERICA CORP 522110 BANK OF MONTREAL 522110 BANK OF NEW YORK CO INC (THE) 522110 BANK ONE CORP 522110 BANK PLUS CORPORATION 522110 BANKNORTH GROUP INC 522110 BANKUNITED FINANCIAL CORP 522110 BANNER CORPORATION 522110 BAY STATE BANCORP INC 522110 BAY VIEW CAPITAL CORP 522110 BB&T CORP 522110 BEAR STEARNS COS INC (THE) 523110 BEDFORD BANCSHARES INC 522110 BERKSHIRE HATHAWAY INC 524113 BILLSERV INC 522320 BINGHAM FINANCIAL SERVICES INC 522291 BISYS GROUP INC (THE) 522320 BLACKROCK INC 523920 BNP PARIBAS 522110 BOK FINANCIAL CORP 522110 BOSTONFED BANCORP INC 522110 BOTTOMLINE TECHNOLOGIES INC 511200 BOWNE & CO INC 323000 BROWN & BROWN 524113 CAMCO FINANCIAL CORP 522110 CAPITAL CITY BANK GROUP INC 522110 CAPITAL ONE FINANCIAL CORP 522210 CAPITOL TRANSAMERICA CORP 524113 CARVER BANCORP INC 522110 CASCADE FINANCIAL CORP 522110 CASH AMERICA INTERNATIONAL INC 522298 CATHAY BANCORP INC 522110 CAVALRY BANCORP INC 522110 CDC IXIS ASSET MANAGEMENT NA 523920 CENTEX CORP 230000 CHARLES SCHWAB CORP (THE) 523110 CHARTER MUNICIPAL MORTGAGE ACCEPTANCE CO 522310 CHARTER ONE FINANCIAL INC 522110 CHECKFREE CORP 522320 CHICAGO TITLE CORPORATION 524127 CHRYSLER FINANCIAL CORP 522220 CHUBB CORPORATION (THE) 524113 CIGNA CORP 524113 CINCINNATI FINANCIAL CORP 524113 CITIGROUP INC 522110 CITIZENS BANKING CORP/MI 522110
www.plunkettresearch.com CITIZENS FINANCIAL CORP 524113 CITIZENS FIRST FINANCIAL CORP 522110 CITIZENS INC 524113 CITY NATIONAL CORPORATION 522110 CNA FINANCIAL CORPORATION 524113 CNA SURETY CORPORATION 524113 COASTAL BANCORP INC 522110 COASTAL FINANCIAL CORP 522110 CODORUS VALLEY BANCORP INC 522110 COLONIAL BANCGROUP INC 522110 COLUMBIA BANCORP 522110 COMERICA INC 522110 COMMERCE BANCORP INC 522110 COMMERCE BANCSHARES INC 522110 COMMERCE GROUP INC (THE) 524113 COMMERCIAL FEDERAL CORP 522110 COMMONWEALTH BANCORP INC 522110 COMPASS BANCSHARES INC 522110 COMPUCREDIT CORPORATION 522210 CONCORD EFS INC 522320 CONNECTICUT BANCSHARES INC 522110 CONSECO INC 524113 CONSUMER PORTFOLIO SERV 522220A CORE INC 621999 CORILLIAN 511200 COUNTRYWIDE CREDIT INDUSTRIES INC 522310 CRAWFORD & COMPANY 541219 CREDIT ACCEPTANCE CORP 522220 CREDIT STORE INC (THE) 522210 CREDIT SUISSE FIRST BOSTON 523110 CULLEN/FROST BANKERS INC 522110 D&B 561450 DELPHI FINANCIAL GROUP INC 522210 DELUXE CORP 323000 DEUTSCHE BANK 522110 DIEBOLD INC 334111 DIGITAL INSIGHT CORP 511200 DIME BANCORP INC 522110 DIME COMMUNITY BANCSHARES 522110 DONEGAL GROUP INC 524113 DORAL FINANCIAL CORP 522110 DOW JONES & COMPANY INC 511110 DOWNEY FINANCIAL CORP 522110 DVI INC 522220A E W BLANCH HOLDINGS INC 524210 E*TRADE GROUP INC 523110 EAGLE BANCSHARES 522110 EATON VANCE CORP 523920 EFC BANCORP INC 522110 ELECTRONIC CLEARING HOUSE INC 522320 E-LOAN INC 522310A EMC INSURANCE GROUP INC 524113 ENHANCE FINANCIAL SERVICES GROUP 524298 EQUIFAX INC 561450 EQUITABLE BANK 522110 EQUIVEST FINANCIAL INC 522220A ERIE FAMILY LIFE INSURANCE COMPANY 524113 ERIE INDEMNITY CO 524113
ESB FINANCIAL CORP 522110 EURONET WORLDWIDE INC 522320 EVEREST RE GROUP LTD 524130 EVISION USA.COM INC 523110 FACTSET RESEARCH SYSTEMS INC 514100 FAIR ISAAC AND COMPANY INC 541519 FANNIE MAE 522310 FARM FAMILY HOLDINGS INC 524113 FARMERS GROUP INC 524113 FBL FINANCIAL GROUP 524113 FEDERAL AGRICULTURAL MORTGAGE 522310 FEDERAL TRUST CORPORATION 522110 FEDERATED INVESTORS INC 523920 FFLC BANCORP INC 522110 FFW CORPORATION 522110 FIDELITY BANCORP INC OF DE 522110 FIDELITY BANKSHARES INC 522110 FIDELITY NATIONAL FINANCIAL INC 524113 FIFTH THIRD BANCORP 522110 FINANCIAL FEDERAL CORP 522220A FINANCIAL INDUSTRIES CORP 524113 FINANCIAL SECURITY ASSURANCE HLDGS 524298 FINET.COM 522310 FINGER LAKES BANCORP INC 522110 FIRST ALBANY COMPANIES INC 523110 FIRST AMERICAN CORP 524127 FIRST BANCSHARES INC MO 522110 FIRST BELL BANCORP INC 522110 FIRST DATA CORP 522320 FIRST DEFIANCE FINANCIAL CORP 522110 FIRST ESSEX BANCORP INC 522110 FIRST FED FIN CORP KY 522110 FIRST FEDERAL CAPITAL CORP 522110 FIRST FINANCIAL HOLDINGS INC 522110 FIRST FRANKLIN CORP 522110 FIRST HEALTH GROUP CORP 621491 FIRST INDIANA CORP 522110 FIRST INVESTORS FINANCIAL SVCS GROUP 522220 FIRST KEYSTONE FINANCIAL 522110 FIRST MIDWEST BANCORP INC 522110 FIRST MIDWEST FINANCIAL INC 522110 FIRST MONTAUK FINANCIAL CORP 523110 FIRST MORTGAGE CORP 522310 FIRST MUTUAL SAVINGS BANK 522110 FIRST NIAGARA FINANCIAL GROUP INC 522110 FIRST SENTINEL BANCORP INC 522110 FIRST SOUTH BANCORP INC 522110 FIRST SOUTHERN BANCSHARES INC 522110 FIRST STATE BANCORP NM 522110 FIRST TENNESSEE NATIONAL CORP 522110 FIRST VIRGINIA BANKS INC 522110 FIRST WEST VIRGINIA BANCORP 522110 FIRSTBANK CORP IDAHO 522110 FIRSTCITY FINANCIAL CORP 522310 FIRSTFED AMERICA BANCORP INC 522110 FIRSTFED BANCORP INC 522110 FIRSTFED FINANCIAL CORP 522110 FIRSTMERIT CORPORATION 522110
123
124
www.plunkettresearch.com
FISERV INC 522320 FLAG FINANCIAL CORP 522110 FLAGSTAR BANCORP INC 522110 FLEETBOSTON FINANCIAL CORPORATION 522110 FLUSHING FINANCIAL CORP 522110 FORD MOTOR CREDIT CO 522220 FPIC INSURANCE GROUP INC 524113 FRANKLIN RESOURCES INC 523920 FREDDIE MAC 522310 FREMONT GENERAL CORP 524113 FRIEDMAN BILLINGS RAMSEY 523110 FSF FINANCIAL CORP 522110 FULTON FINANCIAL CORP 522110 GAINSCO INC 524113 GASTON FEDERAL BANCORP 522110 GENERAL ELECTRIC CAPITAL CORP 522220A GENERAL MOTORS ACCEPTANCE CORP 522220 GENERALCOLOGNE RE CORP 524130 GEORGIA FINANCIAL INC 522110 GLACIER BANCORP INC 522110 GOLD BANC CORP INC 522110 GOLDEN STATE BANCORP INC 522110 GOLDEN WEST FINANCIAL CORP 522110 GOLDMAN SACHS GROUP INC 523110 GREAT AMERICAN BANCORP 522110 GREAT AMERICAN FINANCIAL RESOURCES 524113 GREAT SOUTHERN BANCORP 522110 GREENPOINT FINANCIAL CORP 522110 GUARANTY FEDERAL BANCSHARES INC 522110 GUARDIAN LIFE INSURANCE COMPANY OF AMERICA 524113 H & R BLOCK INC 541213 HALLMARK FINANCIAL SERVICES INC 524113 HAMILTON BANCORP INC 522110 HARBOR FLORIDA BANCSHARES INC 522110 HARLEYSVILLE GROUP INC 524113 HARLEYSVILLE SAVINGS BANK 522110 HARTFORD FINANCIAL SERVICES GROUP 524113 HAWTHORNE FINANCIAL CORP 522110 HCB BANCSHARES INC 522110 HCC INSURANCE HOLDINGS INC 524113 HEALTH NET INC 621491 HELLER FINANCIAL INC 522220A HEMLOCK FEDERAL FINANCIAL CORP 522110 HERITAGE FINANCIAL CORP 522110 HF FINANCIAL CORPORATION 522110 HIBERNIA CORPORATION 522110 HIGHLANDS INSURANCE GROUP 524113 HILB, ROGAL & HAMILTON CO 524113 HINGHAM INSTITUTION FOR SAVINGS 522110 HMN FINANCIAL INC 522110 HOENIG GROUP INC 523110 HOME FEDERAL BANCORP 522110 HOMEGOLD FINANCIAL INC 522310 HOPFED BANCORP INC 522110 HORACE MANN EDUCATORS CORP 524113 HORIZON BANCORP 522110 HORIZON FINANCIAL CORP 522110
HOUSEHOLD INTERNATIONAL INC 522291 HPSC INC 522220A HSB GROUP INC 524113 HSBC BANK USA 522110 HUDSON RIVER BANCORP 522110 HUDSON UNITED BANCORP 522110 HUMANA INC 621491 HUNTINGTON BANCSHARES INC 522110 INDEPENDENCE COMMUNITY BANK 522110 INDEPENDENCE FEDERAL SAVINGS 522110 INDEPENDENCE HOLDING CO 524113 ING PILGRIM 523920 INSTINET GROUP INC 522320 INTERACTIVE DATA CORPORATION 514100 INTERCEPT GROUP INC (THE) 522320 INTERCONTINENTAL LIFE CORPORATION 524113 INTUIT INC 511200 INVESTMENT TECHNOLOGY GROUP INC 514210 INVESTORS FINANCIAL SERVICES 523920 INVESTORS TITLE COMPANY 524127 IRWIN FINANCIAL CORP 522110 J P MORGAN CHASE & CO INC 523110 JB OXFORD HOLDINGS INC 523110 JEFFERIES GROUP INC 523110 JEFFERSON-PILOT CORPORATION 524113 JOHN HANCOCK FINANCIAL SERVICES INC 524113 JOHN NUVEEN COMPANY (THE) 523920 KANSAS CITY LIFE INSURANCE COMPANY 524113 KAYE GROUP INC 524210 KBK CAPITAL CORP 522220A KEYCORP 522110 KIRLIN HOLDING CORP 523110 KNIGHT TRADING GROUP INC 523110 LABRANCHE & CO INC 523110 LADENBURG THALMANN FINANCIAL 523110 LAIDLAW GLOBAL CORP 523110 LANDAMERICA FINANCIAL GROUP 524127 LAUREL CAPITAL GROUP INC 522110 LEGG MASON INC 523110 LEHMAN BROTHERS HOLDINGS INC 523110 LEUCADIA NATIONAL CORP 524113 LIBERTY MUTUAL INSURANCE COMPANIES 524113 LINCOLN NATIONAL CORPORATION 524113 LOCAL FINANCIAL CORP 522110 LOEWS CORPORATION 524113 LONG BEACH FINANCIAL CORP 522310 M&T BANK CORP 522110 MAF BANCORP INC 522110 MARKEL CORPORATION 524113 MARSH & MCLENNAN COS INC 524210 MARSHALL & ILSLEY CORP 522110 MASSACHUSETTS MUTUAL LIFE INSUR CO 524113 MASSBANK CORP 522110 MATRIX BANCORP INC 522110 MAXCOR FINANCIAL GROUP 523110 MB FINANCIAL INC 522110 MBIA INCORPORATED 524298 MBNA CORP 522210
www.plunkettresearch.com MCM CAPITAL GROUP INC 522210 MCM CORP 524113 MEADOWBROOK INSURANCE GROUP INC 524113 MEDALLION FINANCIAL CORP 522220A MEDFORD BANCORP INC 522110 MELLON FINANCIAL CORP 522110 MERCANTILE BANKSHARES 522110 MERCHANTS GROUP INC 524113 MERCURY GENERAL CORP 524113 MERIDIAN INSURANCE GROUP INC 524113 MERRILL LYNCH & CO INC 523110 METAVANTE CORPORATION 522320 MET LIFE INC 524113 METRIS COMPANIES INC 522210 MFN FINANCIAL CORPORATION 522291 MGIC INVESTMENT CORP 524298 MID ATLANTIC MEDICAL SERVICES INC 621491 MONTEREY BAY BANCORP INC 522110 MONY GROUP INC (THE) 524113 MORGAN STANLEY DEAN WITTER & CO 523110 MUNICIPAL M ORTGAGE & EQUITY 522310 MYND CORPORATION 511200 MYSTIC FINANCIAL INC 522110 NASB FINANCIAL INC 522110 NATIONAL CITY CORPORATION 522110 NATIONAL COMMERCE FINANCIAL CORP 522110 NATIONAL DISCOUNT BROKERS 523110 NATIONAL SECURITY GROUP INC (THE) 524113 NATIONA L WESTERN LIFE INSURANCE CO 524113 NATIONWIDE FINANCIAL SERVICES INC 524113 NAVIGATORS GROUP INC 524113 NBC CAPITAL CORP 522110 NETBANK INC 522110A NEUBERGER BERMAN INC 523920 NEW CENTURY FINANCIAL CORP 522310 NEW HAMPSHIRE THRIFT BANC 522110 NEW VALLEY CORP 523110 NEW YORK LIFE INSURANCE CO 524113 NORTH CENTRAL BANCSHARES 522110 NORTH EAST INSURANCE CO 524113 NORTH FORK BANCORPORATION 522110 NORTHEAST INDIANA BANCORP 522110 NORTHEAST PENNSYLVANIA FINANCIAL 522110 NORTHERN STATES FINANCIAL 522110 NORTHERN TRUST CORP 522110 NORTHWEST BANCORP INC 522110 NORTHWEST INDIANA BANCORP 522110 NOVA CORPORATION 522320 NYMAGIC INC 524113 OHIO CASUALTY CORP 524113 OLD NATIONAL BANCORP 522110 OLD REPUBLIC INTERNATIONAL CORP 524113 OMEGA WORLDWIDE INC 523920 ONEIDA FINANCIAL CORP 522110 ONYX ACCEPTANCE CORP 522220 OXFORD HEALTH PLANS INC 621491 PACIFIC CENTURY FINANCIAL 522110 PACIFIC MUTUAL HOLDING CO 524113
PACIFICARE HEALTH SYSTEMS INC 621491 PAYCHEX INC 514210 PEOPLE'S BANK 522110 PFF BANCORP INC 522110 PHILADELPHIA CONSOLIDATED HOLDING 524113 PHOENIX COMPANIES (THE) 524113 PHOENIX INVESTMENT PTNRS 523920 PICO HOLDINGS INC 524113 PIMCO ADVISORS LP 523920 PINNACLE BANCSHARES INC 522110 PIONEER INVESTMENT MANAGEMENT USA 523920 PITTSBURGH FINANCIAL CORP 522110 PMA CAPITAL CORPORATION 524113 PMC CAPITAL INC 522220A PMI GROUP INC 524113 PNC FINANCIAL SERVICES GROUP INC 522110 POCAHONTAS BANCORP INC 522110 POPULAR INC 522110 PRESERVER GROUP INC 524113 PRESIDENTIAL LIFE CORPORATION 524113 PRINCETON ECOM 522320 PRINCIPAL FINANCIA L GROUP (THE) 524113 PROFESSIONALS GROUP INC 524113 PROGRESSIVE CORP 524113 PROTECTIVE LIFE INSURANCE CO 524113 PROVIDENT FINANCIAL GROUP 522110 PROVIDIAN FINANCIAL CORP 522110 PRUDENTIAL FINANCIAL 524113 PULTE HOMES INC 230000 PXRE CORP 524130 QUICKEN LOANS INC 522291 RADIAN GROUP INC 524113 RAGEN MACKENZIE GROUP INC 523110 RAYMOND JAMES FINANCIAL INC 523110 RBC DAIN RAUSCHER CORPORATION 523110 REGIONS FINANCIAL CORP 522110 REINSURANCE GROUP OF AMERICA INC 524130 RESOURCE BANCSHARES MORTGAGE 522310 RIGHTCHOICE MANAGED CARE INC 621491 RTW INC 524113 S1 CORPORATION 511200 SAFECO CORP 524113 SANDERS MORRIS HARRIS GROUP 523110 SCPIE HOLDINGS 524113 SEACOAST FINANCIAL SERVICES CORP 522110 SEI INVESTMENTS CO 511200 SEIBELS BRUCE GROUP INC (THE) 524113 SELECTIVE INSURANCE GROUP 524113 SIEBERT FINANCIAL CORP 523110 SIERRA HEALTH SERVICES INC 621491 SKY FINANCIAL GROUP INC 522110 SNB BANCSHARES INC 522110 SOUNDVIEW TECHNOLOGY GROUP 523110 SOUTHTRUST CORP 522110 SOVEREIGN BANCORP INC 522110 ST FRANCIS CAPITAL CORP 522110 ST PAUL COMPANIES INC (THE) 524113 STANDARD MANAGEMENT CORP 524113
125
126
www.plunkettresearch.com
STATE AUTO FINANCIAL 524113 STATE FARM INSURANCE COMPANIES 524113 STATE STREET CORP 522110 STATEN ISLAND BANCORP INC 522110 STERLING FINANCIAL CORP 522110 STEWART INFORMATION SVCS CORP 524127 STIFEL FINANCIAL CORP 523110 STUDENT LOAN CORP 522291 SUNTRUST BANKS INC 522110 SWS GROUP INC 523110 SYNOVUS FINANCIAL CORP 522110 T ROWE PRICE GROUP INC 523920 TCF FINANCIAL CORPORATION 522110 TECHE HOLDING COMPANY 522110 TF FINANCIAL CORPORATION 522110 TFC ENTERPRISES INC 522291 THISTLE GROUP HOLDINGS 522110 TIMBERLAND BANCORP INC 522110 TORCHMARK CORP 524113 TOTAL SYSTEM SERVICES INC 522320 TRADESTATION GROUP INC 523110 TRANSAMERICA CORP 524113 TRANSATLANTIC HOLDINGS INC 524130 TRENWICK GROUP LTD 524130 TRIAD GUARANTY INC 524298 TRIGON HEALTHCARE INC 621491 TRUSTMARK CORPORATION 522110 TYCO CAPITAL 522220A UICI 524113 UMB FINANCIAL CORP 522110 UNICO AMERICAN CORP 524113 UNION ACCEPTANCE CORP 522291 UNION PLANTERS CORP 522110 UNIONBANCAL CORPORATION 522110 UNITED ASSET MANAGEMENT CORP 523920 UNITED COMMUNITY FINANCIAL 522110 UNITED FIRE & CASUALTY CO 524113 UNITEDHEALTH GROUP INC 621491 UNITRIN INC 524113 UNIVERSAL AMERICAN FINANCIAL CORP 524113 UNUMPROVIDENT CORP 524113 US BANCORP 522110 USA EDUCATION INC 522291 USAA 524113 VALLEY NATIONAL BANCORP 522110 VALUE LINE INC 514100 W R BERKLEY CORPORATION 524113 WACHOVIA CORP 522110 WADDELL & REED FINANCIAL 523920 WARRANTECH CORPORATION 524113 WASHINGTON MUTUAL INC 522110 WAYPOINT FINANCIAL CORPORATION 522110 WEBSTER FINANCIAL CORP 522110 WELLPOINT HEALTH NETWORKS INC 621491 WELLS FARGO & CO 522110 WESTCORP 522110 WFS FINANCIAL INC 522220 WHITNEY HOLDING CORP 522110
WILMINGTON TRUST CORP WILSHIRE FINANCIAL SERVICES GROUP WORLD ACCEPTANCE CORP XL RE AMERICA YONKERS FINANCIAL CORP ZENITH NATIONAL INSURANCE CORP ZIEGLER COMPANIES (THE) ZIONS BANCORP
522110 522110 522291 524130 522110 524113 523110 522110
www.plunkettresearch.com
GEOGRAPHICAL INDEXES
ALLTEL CORP; Little Rock HCB BANCSHARES INC; Camden POCAHONTAS BANCORP INC; Pocahontas
CHARLES SCHWAB CORP (THE); San Francisco CHICAGO TITLE CORPORATION; Santa Barbara CITY NATIONAL CORPORATION; Beverly Hills CONSUMER PORTFOLIO SERV; Irvine CORE INC; Irvine COUNTRYWIDE CREDIT INDUSTRIES INC; Calabasas DIGITAL INSIGHT CORP; Calabasas DOWNEY FINANCIAL CORP; Newport Beach E*TRADE GROUP INC; Menlo Park ELECTRONIC CLEARING HOUSE INC; Agoura Hills E-LOAN INC; Dublin FAIR ISAAC AND COMPANY INC; San Rafael FARMERS GROUP INC; Los Angeles FIDELITY NATIONAL FINANCIAL INC; Irvine FINET.COM; San Ramon FIRST AMERICAN CORP; Santa Ana FIRST MORTGAGE CORP; Diamond Bar FIRSTFED FINANCIAL CORP; Santa Monica FRANKLIN RESOURCES INC; San Mateo FREMONT GENERAL CORP; Santa Monica GOLDEN STATE BANCORP INC; San Francisco GOLDEN WEST FINANCIAL CORP; Oakland HAWTHORNE FINANCIAL CORP; El Segundo HEALTH NET INC; Woodland Hills INTUIT INC; Mountain View JB OXFORD HOLDINGS INC; Beverly Hills JEFFERIES GROUP INC; Los Angeles LONG BEACH FINANCIAL CORP; Orange MCM CAPITA L GROUP INC; San Diego MERCURY GENERAL CORP; Los Angeles MONTEREY BAY BANCORP INC; Watsonville NEW CENTURY FINANCIAL CORP; Irvine ONYX ACCEPTANCE CORP; Foothill Ranch PACIFIC MUTUAL HOLDING CO; Newport Beach PACIFICARE HEALTH SYSTEMS INC; Santa Ana PFF BANCORP INC; Pomona PICO HOLDINGS INC; La Jolla PIMCO ADVISORS LP; Newport Beach PMI GROUP INC; San Francisco PROVIDIAN FINANCIAL CORP; San Francisco SCPIE HOLDINGS; Los Angeles TRANSAMERICA CORP; San Francisco UNICO AMERICAN CORP; Woodland Hills UNIONBANCAL CORPORATION; San Francisco WELLPOINT HEALTH NETWORKS INC; Thousand Oaks WELLS FARGO & CO; San Francisco WESTCORP; Irvine WFS FINANCIAL INC; Irvine ZENITH NATIONAL INSURANCE CORP; Woodland Hills
CALIFORNIA
COLORADO
21ST CENTURY INSURANCE; Woodland Hills BANK PLUS CORPORATION; Los Angeles BAY VIEW CAPITAL CORP; San Mateo CATHAY BANCORP INC; Los Angeles
EVISION USA.COM INC; Denver FIRST DATA CORP; Greenwood Village MATRIX BANCORP INC; Denver
1) Company headquarters locations by state 2) Locations and subsidiaries by regions of the U.S. 3) Firms with international operations The headquarters locations of each company are on the following indexes to help you locate members of THE FINANCIAL SERVICES 500 within the part of the country, or the world, of interest. However, companies are constantly opening and closing various locations. You should consider contacting companies that particularly interest you, to see whether they have locations in your area. You can also try looking for companies in online telephone and address directories (such as infousa.com), to see which cities have locations of the firms that interest you.
HEADQUARTERS LOCATION, BY STATE ALABAMA ALFA CORPORATION; Montgomery AMSOUTH BANCORPORATION; Birmingham COLONIAL BANCGROUP INC; Montgomery COMPASS BANCSHARES INC; Birmingham FIRST SOUTHERN BANCSHARES INC; Florence FIRSTFED BANCORP INC; Bessemer NATIONAL SECURITY GROUP INC (THE); Elba PINNACLE BANCSHARES INC; Jasper PROTECTIVE LIFE INSURANCE CO; Birmingham REGIONS FINANCIAL CORP; Birmingham SOUTHTRUST CORP; Birmingham TORCHMARK CORP; Birmingham
ARIZONA ING PILGRIM; Scottsdale
ARKANSAS
127
128
www.plunkettresearch.com
CONNECTICUT ACMAT CORPORATION; New Britain ADVEST GROUP INC; Hartford AETNA INC; Hartford ALLIANCE BANCORP OF NE; Vernon AMERICAN BANK OF CT; Waterbury CONNECTICUT BANCSHARES INC; Manchester EQUIVEST FINANCIAL INC; Greenwich FACTSET RESEARCH SYSTEMS INC; Greenwich GENERAL ELECTRIC CAPITAL CORPORATION; Stamford GENERALCOLOGNE RE CORP; Stamford HARTFORD FINANCIAL SERVICES GROUP INC (THE); Hartford HSB GROUP INC; Hartford INDEPENDENCE HOLDING CO; Stamford OXFORD HEALTH PLANS INC; Trumbull PEOPLE'S BANK; Bridgeport PHOENIX COMPANIES (THE); Hartford PHOENIX INVESTMENT PTNRS; Hartford SOUNDVIEW TECHNOLOGY GROUP; Old Greenwich STUDENT LOAN CORP; Stamford W R BERKLEY CORPORATION; Greenwich WEBSTER FINANCIAL CORP; Waterbury XL RE AMERICA; Stamford
DELAWARE DELPHI FINANCIAL GROUP INC; Wilmington FIRST BELL BANCORP INC; Wilmington MBNA CORP; Wilmington WILMINGTON TRUST CORP; Wilmington
DISTRICT OF COLUMBIA FANNIE MAE; Washington FEDERAL AGRICULTURAL MORTGAGE CORP; Washington INDEPENDENCE FEDERAL SAVINGS; Washington
FLORIDA 21ST CENTURY HOLDING CO; Plantation AMERICAN HERITAGE LIFE INVESTMENT CORP; Jacksonville BANKUNITED FINANCIAL CORP; Coral Gables BROWN & BROWN; Daytona Beach CAPITAL CITY BANK GROUP INC; Tallahassee FEDERAL TRUST CORPORATION; Winter Park FFLC BANCORP INC; Leesburg FIDELITY BANKSHARES INC; West Palm Beach FPIC INSURANCE GROUP INC; Jacksonville HAMILTON BANCORP INC; Miami HARBOR FLORIDA BANCSHARES INC; Fort Pierce NEW VALLEY CORP; Miami RAYMOND JAMES FINANCIAL INC; St. Petersburg TRADESTATION GROUP INC; Miami
GEORGIA AFLAC INC; Columbus ASSURANT GROUP; Atlanta
ATLANTIC AMERICAN CORP; Atlanta CHECKFREE CORP; Norcross COMPUCREDIT CORPORATION; Atlanta CRAWFORD & COMPANY; Atlanta EAGLE BANCSHARES; Tucker EQUIFAX INC; Atlanta FLAG FINANCIAL CORP; LaGrange INTERCEPT GROUP INC (THE); Norcross NETBANK INC; Alpharetta NOVA CORPORATION; Atlanta S1 CORPORATION; Atlanta SNB BANCSHARES INC; Macon SUNTRUST BANKS INC; Atlanta SYNOVUS FINANCIAL CORP; Columbus TOTAL SYSTEM SERVICES INC; Columbus
HAWAII PACIFIC CENTURY FINANCIAL; Honolulu
IDAHO FIRSTBANK CORP IDAHO; Lewiston
ILLINOIS ALLSTATE CORPORATION (THE); Northbrook AMERICAN COUNTRY HOLDINGS; Chicago AON CORPORATION; Chicago ARTHUR J GALLAGHER & CO; Itasca BANK ONE CORP; Chicago CITIZENS FIRST FINANCIAL CORP; Bloomington CNA FINANCIAL CORPORATION; Chicago CNA SURETY CORPORATION; Chicago EFC BANCORP INC; Elgin FIDELITY BANCORP INC OF DE; Chicago FIRST HEALTH GROUP CORP; Downers Grove FIRST MIDWEST BANCORP INC; Itasca GREAT AMERICAN BANCORP; Champaign HELLER FINANCIAL INC; Chicago HEMLOCK FEDERAL FINANCIAL CORP; Oak Forest HORACE MANN EDUCATORS CORPORATION; Springfield HOUSEHOLD INTERNATIONAL INC; Prospect Heights JOHN NUVEEN COMPANY (THE); Chicago MAF BANCORP INC; Clarendon Hills MB FINANCIAL INC; Chicago MFN FINANCIAL CORPORATION; Lake Forest NORTHERN STATES FINANCIAL; Waukegan NORTHERN TRUST CORP; Chicago OLD REPUBLIC INTERNATIONAL CORP; Chicago STATE FARM INSURANCE COMPANIES; Bloomington UNITRIN INC; Chicago
INDIANA AMERIANA BANCORP; New Castle ANTHEM INC; Indianapolis BALDWIN & LYONS INC; Indianapolis CONSECO INC; Carmel
www.plunkettresearch.com FFW CORPORATION; Wabash FIRST INDIANA CORP; Indianapolis HOME FEDERAL BANCORP; Seymour HORIZON BANCORP; Michigan City IRWIN FINANCIAL CORP; Columbus MERIDIA N INSURANCE GROUP INC; Indianapolis NORTHEAST INDIANA BANCORP; Huntington NORTHWEST INDIANA BANCORP; Munster OLD NATIONAL BANCORP; Evansville STANDARD MANAGEMENT CORP; Indianapolis UNION ACCEPTANCE CORP; Indianapolis
IOWA AMERUS GROUP CO; Des Moines EMC INSURANCE GROUP INC; Des Moines FBL FINANCIAL GROUP; West Des Moines FIRST MIDWEST FINANCIAL INC; Storm Lake NORTH CENTRAL BANCSHARES; Fort Dodge PRINCIPAL FINANCIAL GROUP (THE); Des Moines UNITED FIRE & CASUALTY CO; Cedar Rapids
KANSAS EURONET WORLDWIDE INC; Leawood GOLD BANC CORP INC; Leawood WADDELL & REED FINANCIAL; Overland Park
CDC IXIS ASSET MANAGEMENT NA; Boston COMMERCE GROUP INC (THE); Webster EATON VANCE CORP; Boston FIRST ESSEX BANCORP INC; Andover FIRSTFED AMERICA BANCORP INC; Swansea FLEETBOSTON FINANCIAL CORPORATION; Boston HINGHAM INSTITUTION FOR SAVINGS; Hingham HPSC INC; Boston INTERACTIVE DATA CORPORATION; Bedford INVESTORS FINANCIAL SERVICES; Boston JOHN HANCOCK FINANCIAL SERVICES INC; Boston LIBERTY MUTUAL INSURANCE COMPANIES; Boston MASSACHUSETTS MUTUAL LIFE INSURANCE CO; Springfield MASSBANK CORP; Reading MEDFORD BANCORP INC; Medford MYSTIC FINANCIAL INC; Medford PIONEER INVESTMENT MANAGEMENT USA INC; Boston SEACOAST FINANCIAL SERVICES CORP; New Bedford STATE STREET CORP; Boston UNITED ASSET MANAGEMENT CORP; Boston
MICHIGAN KENTUCKY CITIZENS FINANCIAL CORP; Louisville FIRST FED FIN CORP KY; Elizabethtown HOPFED BANCORP INC; Hopkinsville HUMANA INC; Louisville
LOUISIANA HIBERNIA CORPORATION; New Orleans TECHE HOLDING COMPANY; Franklin WHITNEY HOLDING CORP; New Orleans
MAINE BANKNORTH GROUP INC; Portland NORTH EAST INSURANCE CO; Scarborough UNUMPROVIDENT CORP; Portland
MARYLAND COLUMBIA BANCORP; Columbia EQUITABLE BANK; Wheaton LEGG MASON INC; Ba ltimore MERCANTILE BANKSHARES; Baltimore MID ATLANTIC MEDICAL SERVICES INC; Rockville MUNICIPAL MORTGAGE & EQUITY; Baltimore T ROWE PRICE GROUP INC; Baltimore
MASSACHUSETTS ABINGTON BANCORP INC; Abington AFFILIATED MANAGERS GROUP; Boston ALLMERICA FINANCIAL CORPORATION; Worcester BAY STATE BANCORP INC; Brookline BOSTONFED BANCORP INC; Burlington
BINGHAM FINANCIAL SERVICES INC; Birmingham CHRYSLER FINANCIAL CORP; Southfield CITIZENS BANKING CORP/MI; Flint COMERICA INC; Detroit CREDIT ACCEPTANCE CORP; Southfield FLAGSTAR BANCORP INC; Troy FORD MOTOR CREDIT CO; Dearborn GENERAL MOTORS ACCEPTANCE CORP; Detroit MEADOWBROOK INSURANCE GROUP INC; Southfield OMEGA WORLDWIDE INC; Ann Arbor PROFESSIONALS GROUP INC; Okemos PULTE HOMES INC; Bloomfield Hills QUICKEN LOANS INC; Livonia
MINNESOTA DELUXE CORP; Shoreview FSF FINANCIAL CORP; Hutchinson HMN FINANCIAL INC; Spring Valley METRIS COMPANIES INC; Minnetonka RBC DAIN RAUSCHER CORPORATION; Minneapolis RTW INC; Bloomington ST PAUL COMPANIES INC (THE); St. Paul TCF FINANCIAL CORPORATION; Minneapolis UNITEDHEA LTH GROUP INC; Minnetonka US BANCORP; Minneapolis
MISSISSIPPI BANCORPSOUTH INC; Tupelo NBC CAPITAL CORP; Starkville TRUSTMARK CORPORATION; Jackson
129
130
www.plunkettresearch.com
MISSOURI
NEW YORK
A G EDWARDS INC; St. Louis COMMERCE BANCSHARES INC; Kansas City FIRST BANCSHARES INC MO; Mountain Grove GREAT SOUTHERN BANCORP; Springfield GUARANTY FEDERAL BANCSHARES INC; Springfield H & R BLOCK INC; Kansas City KANSAS CITY LIFE INSURANCE COMPANY; Kansas City NASB FINANCIAL INC; Grandview REINSURANCE GROUP OF AMERICA INC; Chesterfield RIGHTCHOICE MANAGED CARE INC; St. Louis STIFEL FINANCIAL CORP; St. Louis UMB FINANCIAL CORP; Kansas City
A B WATLEY GROUP INC; New York ACE CAPITAL RE; New York ACTRADE FINANCIAL TEHCNOLOGIES LTD; New York ALLEGHANY CORP; New York ALLIANCE CAPITAL MANAGEMENT LP; New York AMBAC FINANCIAL GROUP; New York AMERICAN HOME MORTGAGE HOLDINGS INC; Melville AMERICAN INTERNATIONAL GROUP INC; New York ASTORIA FINANCIAL CORP; Lake Success ATLANTIC MUTUAL COMPANIES; New York AXA FINANCIAL INC; New York BANK OF NEW YORK CO INC (THE); New York BEAR STEARNS COS INC (THE); New York BISYS GROUP INC (THE); New York BLACKROCK INC; New York BOWNE & CO INC; New York CARVER BANCORP INC; New York CHARTER MUNICIPAL MORTGAGE ACCEPTANCE CO; New York CITIGROUP INC; New York CREDIT SUISSE FIRST BOSTON; New York DIME BANCORP INC; New York DIME COMMUNITY BANCSHARES; Brooklyn DOW JONES & COMPANY INC; New York ENHANCE FINANCIAL SERVICES GROUP INC; New York FARM FAMILY HOLDINGS INC; Glenmont FINANCIAL FEDERAL CORP; New York FINANCIAL SECURITY ASSURANCE HLDGS LTD; New York FINGER LAKES BANCORP INC; Geneva Geneva FIRST ALBANY COMPANIES INC; Albany FIRST NIAGARA FINANCIAL GROUP INC; Lockport FLUSHING FINANCIAL CORP; Flushing GOLDMAN SACHS GROUP INC; New York GREENPOINT FINANCIAL CORP; New York GUARDIAN LIFE INSURANCE COMPANY OF AMERICA; New York HOENIG GROUP INC; Rye Brook HSBC BANK USA; New York HUDSON RIVER BANCORP; Hudson INDEPENDENCE COMMUNITY BANK; Brooklyn INSTINET GROUP INC; New York INVESTMENT TECHNOLOGY GROUP INC; New York J P MORGAN CHASE & CO INC; New York KAYE GROUP INC; New York KIRLIN HOLDING CORP; Syosset LABRANCHE & CO INC; New York LADENBURG THALMANN FINANCIAL; Bethpage LAIDLAW GLOBAL CORP; New York LEHMAN BROTHERS HOLDINGS INC; New York LEUCADIA NATIONAL CORP; New York
MONTANA GLACIER BANCORP INC; Kalispell
NEBRASKA ACCEPTANCE INSURANCE COS; Omaha AMERITRADE HOLDING CORP; Omaha BERKSHIRE HATHAWAY INC; Omaha COMMERCIAL FEDERAL CORP; Omaha
NEVADA SIERRA HEALTH SERVICES INC; Las Vegas
NEW HAMPSHIRE BOTTOMLINE TECHNOLOGIES INC; Portsmouth NEW HAMPSHIRE THRIFT BANC; Newport
NEW JERSEY AMERICAN EXPRESS CO; Jersey City AUTOMATIC DATA PROCESSING INC; Roseland CHUBB CORPORATION (THE); Warren COMMERCE BANCORP INC; Cherry Hill D&B; Murray Hill FIRST MONTAUK FINANCIAL CORP; Red Bank FIRST SENTINEL BANCORP INC; Woodbridge HIGHLANDS INSURANCE GROUP; Lawrenceville HUDSON UNITED BANCORP; Mahwah KNIGHT TRADING GROUP INC; Jersey City NATIONAL DISCOUNT BROKERS; Jersey City PRESERVER GROUP INC; Paramus PRINCETON ECOM; Princeton PRUDENTIAL FINANCIAL; Newark PXRE CORP; Edison SELECTIVE INSURANCE GROUP; Branchville VALLEY NATIONAL BANCORP; Wayne
NEW MEXICO FIRST STATE BANCORP NM; Albuquerque
www.plunkettresearch.com LOEWS CORPORATION; New York M&T BANK CORP; Buffalo MARSH & MCLENNAN COS INC; New York MAXCOR FINANCIAL GROUP; New York MBIA INCORPORATED; Armonk MEDALLION FINANCIAL CORP; New York MERCHANTS GROUP INC; Buffalo MERRILL LYNCH & CO INC; New York METLIFE INC; New York MONY GROUP INC (THE); New York MORGAN STANLEY DEAN WITTER & CO; New York NAVIGATORS GROUP INC; New York NEU BERGER BERMAN INC; New York NEW YORK LIFE INSURANCE CO; New York NORTH FORK BANCORPORATION; Melville NYMAGIC INC; New York ONEIDA FINANCIAL CORP; Oneida PAYCHEX INC; Rochester PRESIDENTIAL LIFE CORPORATION; Nyack SIEBERT FINANCIAL CORP; New York STATEN ISLAND BANCORP INC; Staten Island TRANSATLANTIC HOLDINGS INC; New York TYCO CAPITAL; New York UNIVERSAL AMERICAN FINANCIAL CORP; Rye Brook VALUE LINE INC; New York YONKERS FINANCIAL CORP; Yonkers
NORTH CAROLINA BANK OF AMERICA CORP; Charlotte BB&T CORP; Winston-Salem FIRST SOUTH BANCORP INC; Washington GASTON FEDERAL BANCORP; Gastonia INVESTORS TITLE COMPANY; Chapel Hill JEFFERSON-PILOT CORPORATION; Greensboro MCM CORP; Raleigh TRIAD GUARANTY INC; Winston-Salem WACHOVIA CORP; Winston-Salem
OHIO AMERICAN FINANCIAL GROUP INC; Cincinnati BANCINSURANCE CORPORATION; Columbus CAMCO FINANCIAL CORP; Cambridge CHARTER ONE FINANCIAL INC; Cleveland CINCINNATI FINANCIAL CORP; Fairfield DIEBOLD INC; North Canton FIFTH THIRD BANCORP; Cincinnati FIRST DEFIANCE FINANCIAL CORP; Defiance FIRST FRANKLIN CORP; Cincinnati FIRSTMERIT CORPORATION; Akron GREAT AMERICAN FINANCIAL RESOURCES INC; Cincinnati HUNTINGTON BANCSHARES INC; Columbus KEYCORP; Cleveland NATIONAL CITY CORPORATION; Cleveland NATIONWIDE FINANCIAL SERVICES INC; Columbus OHIO CASUALTY CORP; Hamilton PROGRESSIVE CORP; Mayfield Village
PROVIDENT FINANCIAL GROUP; Cincinnati SKY FINANCIAL GROUP INC; Bowling Green STATE AUTO FINANCIAL; Columbus UNITED COMMUNITY FINANCIAL; Youngstown
OKLAHOMA BOK FINANCIAL CORP; Tulsa LOCAL FINANCIAL CORP; Oklahoma City
OREGON CORILLIAN; Hillsboro WILSHIRE FINANCIAL SERVICES GROUP INC; Portland
PENNSYLVANIA ADVANTA CORP; Spring House ALLIANCE BANK; Broomall AMERICAN BUSINESS FINANCIAL SERVICES INC; Bala Cynwyd CIGNA CORP; Philadelphia CODORUS VALLEY BANCORP INC; York COMMONWEALTH BANCORP INC; Norristown DONEGAL GROUP INC; Marietta DVI INC; Jamison ERIE FAMILY LIFE INSURANCE COMPANY; Erie ERIE INDEMNITY CO; Erie ESB FINANCIAL CORP; Ellwood City FEDERATED INVESTORS INC; Pittsburgh FIRST KEYSTONE FINANCIAL; Media FULTON FINANCIAL CORP; Lancaster GEORGIA FINANCIAL INC; Pittsburgh HARLEYSVILLE GROUP INC; Harleysville HARLEYSVILLE SAVINGS BANK; Harleysville LAUREL CAPITAL GROUP INC; Allison Park LINCOLN NATIONAL CORPORATION; Philadelphia MELLON FINANCIAL CORP; Pittsburgh NORTHEAST PENNSYLVANIA FINANCIAL; Hazleton NORTHWEST BANCORP INC; Warren PHILADELPHIA CONSOLIDATED HOLDING CORP; Bala Cynwyd PITTSBURGH FINANCIAL CORP; Wexford PMA CAPITAL CORPORATION; Philadelphia PNC FINANCIAL SERVICES GROUP INC; Pittsburgh RADIAN GROUP INC; Philadelphia SEI INVESTMENTS CO; Oaks SOVEREIGN BANCORP INC; Philadelphia TF FINANCIAL CORPORATION; Newtown THISTLE GROUP HOLDINGS; Philadelphia WAYPOINT FINANCIAL CORPORATION; Harrisburg
SOUTH CAROLINA COASTAL FINANCIAL CORP; Myrtle Beach FIRST FINANCIAL HOLDINGS INC; Charleston HOMEGOLD FINANCIAL INC; Greenville MYND CORPORATION; Blythewood RESOURCE BANCSHARES MORTGAGE GROUP; Columbia SEIBELS BRUCE GROUP INC (THE); Columbia
131
132
www.plunkettresearch.com
WORLD ACCEPTANCE CORP; Greenville
CREDIT STORE INC (THE); Sioux Falls HF FINANCIAL CORPORATION; Sioux Falls
LANDAMERICA FINANCIAL GROUP; Richmond MARKEL CORPORATION; Glen Allen TFC ENTERPRISES INC; Norfolk TRIGON HEALTHCARE INC; Richmond USA EDUCATION INC; Reston
TENNESSEE
WASHINGTON
CAVALRY BANCORP INC; Murfreesboro CONCORD EFS INC; Memphis FIRST TENNESSEE NATIONAL CORP; Memphis NATIONAL COMMERCE FINANCIAL CORP; Memphis UNION PLANTERS CORP; Memphis
BANNER CORPORATION; Walla Walla CASCADE FINANCIAL CORP; Everett FIRST MUTUAL SAVINGS BANK; Bellevue HERITAGE FINANCIAL CORP; Olympia HORIZON FINANCIAL CORP; Bellingham RAGEN MACKENZIE GROUP INC; Seattle SAFECO CORP; Seattle STERLING FINANCIAL CORP; Spokane TIMBERLAND BANCORP INC; Hoquiam WASHINGTON MUTUAL INC; Seattle
SOUTH DAKOTA
TEXAS ACE CASH EXPRESS INC; Irving AMERICAN GENERAL CORP; Houston AMERICAN NATIONAL INSURANCE COMPANY; Galveston AMERICREDIT CORP; Fort Worth ARGONAUT GROUP INC; San Antonio BILLSERV INC; San Antonio CASH AMERICA INTERNATIONAL INC; Fort Worth CENTEX CORP; Da llas CITIZENS INC; Austin COASTAL BANCORP INC; Houston CULLEN/FROST BANKERS INC; San Antonio E W BLANCH HOLDINGS INC; Dallas FINANCIAL INDUSTRIES CORP; Austin FIRST INVESTORS FINANCIAL SVCS GROUP INC; Houston FIRSTCITY FINANCIAL CORP; Waco GAINSCO INC; Fort Worth HALLMARK FINANCIAL SERVICES INC; Dallas HCC INSURANCE HOLDINGS INC; Houston INTERCONTINENTAL LIFE CORPORATION; Austin KBK CAPITAL CORP; Fort Worth NATIONAL WESTERN LIFE INSURANCE COMPANY; Austin PMC CAPITAL INC; Dallas SANDERS MORRIS HARRIS GROUP; Houston STEWART INFORMATION SVCS CORP; Houston SWS GROUP INC; Dallas UICI; Dallas USAA; San Antonio WARRANTECH CORPORATION; Euless
UTAH ZIONS BANCORP; Salt Lake City
VIRGINIA BEDFORD BANCSHARES INC; Bedford CAPITAL ONE FINANCIAL CORP; Falls Church FIRST VIRGINIA BANKS INC; Falls Church FREDDIE MAC; McLean FRIEDMAN BILLINGS RAMSEY; Arlington HILB, ROGAL & HAMILTON CO; Glen Allen
WEST VIRGINIA FIRST WEST VIRGINIA BANCORP; Wheeling
WISCONSIN ANCHOR BANCORP WISCONSIN; Madison ASSOCIATED BANC-CORP; Green Bay BANK MUTUAL CORPORATION; Brown Deer CAPITOL TRANSAMERICA CORP; Madison FIRST FEDERAL CAPITAL CORP; La Crosse FISERV INC; Brookfield MARSHALL & ILSLEY CORP; Milwaukee METAVANTE CORPORATION; Brown Deer MGIC INVESTMENT CORP; Milwaukee ST FRANCIS CAPITAL CORP; Brookfield ZIEGLER COM PANIES (THE); West Bend
www.plunkettresearch.com
INDEX BY REGIONS WHERE THE FINANCIAL SERVICES 500 FIRMS HAVE LOCATIONS WEST 21ST CENTURY INSURANCE A G EDWARDS INC ABN AMRO HOLDING NV ACCENTURE ACCEPTANCE INSURANCE COS ACE CASH EXPRESS INC ADVANTA CORP AETNA INC AFFILIATED MANAGERS GROUP AFLAC INC ALLEGHANY CORP ALLIANCE CAPITAL MANAGEMENT LP ALLMERICA FINANCIAL CORPORATION ALLSTATE CORPORATION (THE) ALLTEL CORP AMERICAN BUSINESS FINANCIAL SERVICES INC AMERICAN EXPRESS CO AMERICAN FINANCIAL GROUP INC AMERICAN GENERAL CORP AMERICAN HOME MORTGAGE HOLDINGS INC AMERICAN INTERNATIONAL GROUP INC AMERICAN NATIONAL INSURANCE COMPANY AMERICREDIT CORP ANCHOR BANCORP WISCONSIN ANTHEM INC AON CORPORATION ARGONAUT GROUP INC ARTHUR J GALLAGHER & CO ASSURANT GROUP ATLANTIC MUTUAL COMPANIES AUTOMATIC DATA PROCESSING INC AXA FINANCIAL INC BALDWIN & LYONS INC BANCINSURANCE CORPORATION BANK OF AMERICA CORP BANK OF NEW YORK CO INC (THE) BANK ONE CORP BANK PLUS CORPORATION BANNER CORPORATION BAY VIEW CAPITAL CORP BEAR STEARNS COS INC (THE) BERKSHIRE HATHAWAY INC BISYS GROUP INC (THE) BLACKROCK INC BNP PARIBAS BOTTOMLINE TECHNOLOGIES INC BOWNE & CO INC BROWN & BROWN CAPITAL ONE FINANCIAL CORP CAPITOL TRANSAMERICA CORP CASCADE FINANCIAL CORP CASH AMERICA INTERNATIONAL INC CATHAY BANCORP INC
CENTEX CORP CHARLES SCHWAB CORP (THE) CHARTER MUNICIPAL MORTGAGE ACCEPTANCE CO CHECKFREE CORP CHICAGO TITLE CORPORATION CHRYSLER FINANCIAL CORP CHUBB CORPORATION (THE) CIGNA CORP CINCINNATI FINANCIAL CORP CITIGROUP INC CITIZENS INC CITY NATIONAL CORPORATION CNA FINANCIAL CORPORATION CNA SURETY CORPORATION COMERICA INC COMMERCE GROUP INC (THE) COMMERCIAL FEDERAL CORP COMPASS BANCSHARES INC CONCORD EFS INC CONSECO INC CONSUMER PORTFOLIO SERV CORE INC CORILLIAN COUNTRYWIDE CREDIT INDUSTRIES INC CRAWFORD & COMPANY CREDIT ACCEPTANCE CORP CREDIT SUISSE FIRST BOSTON D&B DELPHI FINANCIAL GROUP INC DELUXE CORP DEUTSCHE BANK DIEBOLD INC DIGITAL INSIGHT CORP DIME BANCORP INC DOW JONES & COMPANY INC DOWNEY FINANCIAL CORP DVI INC E W BLANCH HOLDINGS INC E*TRADE GROUP INC ELECTRONIC CLEARING HOUSE INC E-LOAN INC ENHANCE FINANCIAL SERVICES GROUP INC EQUIFAX INC EVEREST RE GROUP LTD EVISION USA.COM INC FACTSET RESEARCH SYSTEMS INC FAIR ISAAC AND COMPANY INC FANNIE MAE FARMERS GROUP INC FBL FINANCIAL GROUP FEDERAL AGRICULTURAL MORTGAGE CORP FIDELITY NATIONAL FINANCIAL INC FIFTH THIRD BANCORP FINANCIAL FEDERAL CORP FINANCIAL SECURITY ASSURANCE HLDGS LTD FINET.COM FIRST ALBANY COMPANIES INC
133
134
www.plunkettresearch.com
FIRST AMERICAN CORP FIRST DATA CORP FIRST HEALTH GROUP CORP FIRST INDIANA CORP FIRST INVESTORS FINANCIAL SVCS GROUP INC FIRST MONTAUK FINANCIAL CORP FIRST MORTGAGE CORP FIRST MUTUAL SAVINGS BANK FIRSTBANK CORP IDAHO FIRSTCITY FINANCIAL CORP FIRSTFED FINANCIAL CORP FISERV INC FLAGSTAR BANCORP INC FLEETBOSTON FINANCIAL CORPORATION FORD MOTOR CREDIT CO FRANKLIN RESOURCES INC FREDDIE MAC FREMONT GENERAL CORP FRIEDMAN BILLINGS RAMSEY GENERAL ELECTRIC CAPITAL CORPORATION GENERAL MOTORS ACCEPTANCE CORP GLACIER BANCORP INC GOLDEN STATE BANCORP INC GOLDEN WEST FINANCIAL CORP GOLDMAN SACHS GROUP INC GREAT AMERICAN FINANCIAL RESOURCES INC GREENPOINT FINANCIAL CORP GUARDIAN LIFE INSURANCE COMPANY OF AMERICA H & R BLOCK INC HARTFORD FINANCIAL SERVICES GROUP INC (THE) HAWTHORNE FINANCIAL CORP HEALTH NET INC HELLER FINANCIAL INC HERITAGE FINANCIAL CORP HIGHLANDS INSURANCE GROUP HILB, ROGAL & HAMILTON CO HORACE MANN EDUCATORS CORPORATION HORIZON FINANCIAL CORP HOUSEHOLD INTERNATIONAL INC HPSC INC HSB GROUP INC HSBC BANK USA HUMANA INC INDEPENDENCE HOLDING CO ING PILGRIM INSTINET GROUP INC INTERACTIVE DATA CORPORATION INTERCEPT GROUP INC (THE) INTERCONTINENTAL LIFE CORPORATION INTUIT INC INVESTMENT TECHNOLOGY GROUP INC INVESTORS FINANCIAL SERVICES INVESTORS TITLE COMPANY IRWIN FINANCIAL CORP J P MORGAN CHASE & CO INC JB OXFORD HOLDINGS INC
JEFFERIES GROUP INC JEFFERSON-PILOT CORPORATION JOHN HANCOCK FINANCIAL SERVICES INC JOHN NUVEEN COMPANY (THE) KANSAS CITY LIFE INSURANCE COMPANY KAYE GROUP INC KBK CAPITAL CORP KEYCORP KIRLIN HOLDING CORP LADENBURG THALMANN FINANCIAL LANDAMERICA FINANCIAL GROUP LEGG MASON INC LEHMAN BROTHERS HOLDINGS INC LEUCADIA NATIONAL CORP LIBERTY MUTUAL INSURANCE COMPANIES LINCOLN NATIONAL CORPORATION LONG BEACH FINANCIAL CORP M&T BANK CORP MARSH & MCLENNAN COS INC MARSHALL & ILSLEY CORP MASSACHUSETTS MUTUAL LIFE INSURANCE CO MATRIX BANCORP INC MBIA INCORPORATED MBNA CORP MCM CAPITAL GROUP INC MCM CORP MEADOWBROOK INSURANCE GROUP INC MELLON FINANCIAL CORP MERCURY GENERAL CORP MERIDIAN INSURANCE GROUP INC MERRILL LYNCH & CO INC METAVANTE CORPORATION METRIS COMPANIES INC MFN FINANCIAL CORPORATION MGIC INVESTMENT CORP MONTEREY BAY BANCORP INC MONY GROUP INC (THE) MORGAN STANLEY DEAN WITTER & CO MYND CORPORATION NATIONAL WESTERN LIFE INSURANCE COMPANY NATIONWIDE FINANCIAL SERVICES INC NAVIGATORS GROUP INC NEUBERGER BERMAN INC NEW CENTURY FINANCIAL CORP NEW YORK LIFE INSURANCE CO NORTHERN TRUST CORP NOVA CORPORATION NYMAGIC INC OHIO CASUALTY CORP ONYX ACCEPTANCE CORP PACIFIC CENTURY FINANCIAL PACIFIC MUTUAL HOLDING CO PACIFICARE HEALTH SYSTEMS INC PAYCHEX INC PFF BANCORP INC PHILADELPHIA CONSOLIDATED HOLDING CORP PHOENIX INVESTMENT PTNRS PICO HOLDINGS INC
www.plunkettresearch.com PIMCO ADVISORS LP PIONEER INVESTMENT MANAGEMENT USA INC PMC CAPITAL INC PMI GROUP INC POPULAR INC PRESIDENTIAL LIFE CORPORATION PRINCIPAL FINANCIAL GROUP (THE) PROGRESSIVE CORP PROTECTIVE LIFE INSURANCE CO PROVIDIAN FINANCIAL CORP PRUDENTIAL FINANCIAL PULTE HOMES INC RADIAN GROUP INC RAGEN MACKENZIE GROUP INC RAYMOND JAMES FINANCIAL INC RBC DAIN RAUSCHER CORPORATION RTW INC S1 CORPORATION SAFECO CORP SCPIE HOLDINGS SEI INVESTMENTS CO SEIBELS BRUCE GROUP INC (THE) SIERRA HEALTH SERVICES INC SKY FINANCIAL GROUP INC SOUNDVIEW TECHNOLOGY GROUP ST PAUL COMPANIES INC (THE) STANDARD MANAGEMENT CORP STATE AUTO FINANCIAL STATE FARM INSURANCE COMPANIES STATE STREET CORP STERLING FINANCIAL CORP STEWART INFORMATION SVCS CORP STIFEL FINANCIAL CORP STUDENT LOAN CORP SYNOVUS FINANCIAL CORP T ROWE PRICE GROUP INC TCF FINANCIAL CORPORATION TIMBERLAND BANCORP INC TORCHMARK CORP TOTAL SYSTEM SERVICES INC TRANSAMERICA CORP TRENWICK GROUP LTD TRIAD GUARANTY INC TRIGON HEALTHCARE INC TYCO CAPITAL UICI UMB FINANCIAL CORP UNICO AMERICAN CORP UNION PLANTERS CORP UNIONBANCAL CORPORATION UNITED ASSET MANAGEMENT CORP UNITEDHEALTH GROUP INC UNITRIN INC UNUMPROVIDENT CORP US BANCORP USAA W R BERKLEY CORPORATION WASHINGTON MUTUAL INC
WELLPOINT HEALTH NETWORKS INC WELLS FARGO & CO WESTCORP WFS FINANCIAL INC WILMINGTON TRUST CORP WILSHIRE FINANCIAL SERVICES GROUP INC XL RE AMERICA ZENITH NATIONAL INSURANCE CORP ZIEGLER COMPANIES (THE) ZIONS BANCORP
SOUTHWEST A G EDWARDS INC ABN AMRO HOLDING NV ACCENTURE ACCEPTANCE INSURANCE COS ACE CASH EXPRESS INC ADVANTA CORP AETNA INC AFFILIATED MANAGERS GROUP AFLAC INC ALLEGHANY CORP ALLIANCE CAPITAL MANAGEMENT LP ALLMERICA FINANCIAL CORPORATION ALLSTATE CORPORATION (THE) ALLTEL CORP AMERICAN BUSINESS FINANCIAL SERVICES INC AMERICAN EXPRESS CO AMERICAN FINANCIAL GROUP INC AMERICAN GENERAL CORP AMERICAN HERITAGE LIFE INVESTMENT CORP AMERICAN HOME MORTGAGE HOLDINGS INC AMERICAN INTERNATIONAL GROUP INC AMERICAN NATIONAL INSURANCE COMPANY AMERICREDIT CORP AON CORPORATION ARGONAUT GROUP INC ARTHUR J GALLAGHER & CO ASSURANT GROUP ATLANTIC AMERICAN CORP ATLANTIC MUTUAL COMPANIES AUTOMATIC DATA PROCESSING INC AXA FINANCIAL INC BALDWIN & LYONS INC BANCORPSOUTH INC BANK OF AMERICA CORP BANK OF MONTREAL BANK OF NEW YORK CO INC (THE) BANK ONE CORP BAY VIEW CAPITAL CORP BEAR STEARNS COS INC (THE) BERKSHIRE HATHAWAY INC BILLSERV INC BINGHAM FINANCIAL SERVICES INC BISYS GROUP INC (THE) BNP PARIBAS BOK FINANCIAL CORP BOWNE & CO INC
135
136
www.plunkettresearch.com
BROWN & BROWN CAPITAL ONE FINANCIAL CORP CAPITOL TRANSAMERICA CORP CASH AMERICA INTERNATIONAL INC CATHAY BANCORP INC CENTEX CORP CHARLES SCHWAB CORP (THE) CHARTER MUNICIPAL MORTGAGE ACCEPTANCE CO CHECKFREE CORP CHICAGO TITLE CORPORATION CHRYSLER FINANCIAL CORP CHUBB CORPORATION (THE) CIGNA CORP CINCINNATI FINANCIAL CORP CITIGROUP INC CITIZENS INC CNA FINANCIAL CORPORATION CNA SURETY CORPORATION COASTAL BANCORP INC COLONIAL BANCGROUP INC COMERICA INC COMMERCIAL FEDERAL CORP COMPASS BANCSHARES INC CONCORD EFS INC CONSECO INC CONSUMER PORTFOLIO SERV COUNTRYW IDE CREDIT INDUSTRIES INC CRAWFORD & COMPANY CREDIT ACCEPTANCE CORP CREDIT SUISSE FIRST BOSTON CULLEN/FROST BANKERS INC D&B DELPHI FINANCIAL GROUP INC DELUXE CORP DEUTSCHE BANK DIEBOLD INC DIGITAL INSIGHT CORP DIME BANCORP INC DOW JONES & COMPANY INC DVI INC E W BLANCH HOLDINGS INC E*TRADE GROUP INC ENHANCE FINANCIAL SERVICES GROUP INC EQUIFAX INC EQUIVEST FINANCIAL INC EVISION USA.COM INC FAIR ISAAC AND COMPANY INC FANNIE MAE FARMERS GROUP INC FEDERAL AGRICULTURAL MORTGAGE CORP FIDELITY NATIONAL FINANCIAL INC FIFTH THIRD BANCORP FINANCIAL FEDERAL CORP FINANCIAL INDUSTRIES CORP FINANCIAL SECURITY ASSURANCE HLDGS LTD FIRST ALBANY COMPANIES INC FIRST AMERICAN CORP
FIRST DATA CORP FIRST HEALTH GROUP CORP FIRST INDIANA CORP FIRST INVESTORS FINANCIAL SVCS GROUP INC FIRST MONTAUK FINANCIAL CORP FIRST MORTGAGE CORP FIRST STATE BANCORP NM FIRST TENNESSEE NATIONAL CORP FIRSTCITY FINANCIAL CORP FISERV INC FLAGSTAR BANCORP INC FLEETBOSTON FINANCIAL CORPORATION FORD MOTOR CREDIT CO FPIC INSURANCE GROUP INC FREDDIE MAC FREMONT GENERAL CORP FRIEDMAN BILLINGS RAMSEY GAINSCO INC GENERAL ELECTRIC CAPITAL CORPORATION GENERAL MOTORS ACCEPTANCE CORP GOLD BANC CORP INC GOLDEN WEST FINANCIAL CORP GOLDMAN SACHS GROUP INC GREAT AMERICAN FINANCIAL RESOURCES INC GREENPOINT FINANCIAL CORP GUARDIAN LIFE INSURANCE COMPANY OF AMERICA H & R BLOCK INC HALLMARK FINANCIAL SERVICES INC HARLEYSVILLE GROUP INC HARTFORD FINANCIAL SERVICES GROUP INC (THE) HCC INSURANCE HOLDINGS INC HEALTH NET INC HELLER FINANCIAL INC HIBERNIA CORPORATION HIGHLANDS INSURANCE GROUP HILB, ROGAL & HAMILTON CO HORACE MANN EDUCATORS CORPORATION HOUSEHOLD INTERNATIONAL INC HPSC INC HSB GROUP INC HUMANA INC ING PILGRIM INSTINET GROUP INC INTERCEPT GROUP INC (THE) INTERCONTINENTAL LIFE CORPORATION INTUIT INC INVESTORS TITLE COMPANY IRWIN FINANCIAL CORP J P MORGAN CHASE & CO INC JB OXFORD HOLDINGS INC JEFFERIES GROUP INC JEFFERSON-PILOT CORPORATION JOHN HANCOCK FINANCIAL SERVICES INC JOHN NUVEEN COMPANY (THE) KANSAS CITY LIFE INSURANCE COMPANY KBK CAPITAL CORP
www.plunkettresearch.com KEYCORP LANDAMERICA FINANCIAL GROUP LEGG MASON INC LEHMAN BROTHERS HOLDINGS INC LEUCADIA NATIONAL CORP LIBERTY MUTUAL INSURANCE COMPANIES LINCOLN NATIONAL CORPORATION LOEWS CORPORATION M&T BANK CORP MARSH & MCLENNAN COS INC MARSHALL & ILSLEY CORP MASSACHUSETTS MUTUAL LIFE INSURANCE CO MATRIX BANCORP INC MBNA CORP MCM CAPITAL GROUP INC MELLON FINANCIAL CORP MERRILL LYNCH & CO INC METLIFE INC METRIS COMPANIES INC MGIC INVESTMENT CORP MONY GROUP INC (THE) MORGAN STANLEY DEAN WITTER & CO MYND CORPORATION NATIONAL WESTERN LIFE INSURANCE COMPANY NATIONWIDE FINANCIAL SERVICES INC NAVIGATORS GROUP INC NEUBERGER BERMAN INC NEW CENTURY FINANCIAL CORP NEW YORK LIFE INSURANCE CO NORTH EAST INSURANCE CO NORTHERN TRUST CORP NOVA CORPORATION OHIO CASUALTY CORP ONYX ACCEPTANCE CORP PACIFIC MUTUAL HOLDING CO PACIFICARE HEALTH SYSTEMS INC PAYCHEX INC PHILADELPHIA CONSOLIDATED HOLDING CORP PHOENIX COMPANIES (THE) PIONEER INVESTMENT MANAGEMENT USA INC PMC CAPITAL INC PMI GROUP INC POPULAR INC PRESIDENTIAL LIFE CORPORATION PRINCIPAL FINANCIAL GROUP (THE) PROGRESSIVE CORP PROTECTIVE LIFE INSURANCE CO PROVIDIAN FINANCIAL CORP PRUDENTIAL FINANCIAL PULTE HOMES INC RADIAN GROUP INC RAYMOND JAMES FINANCIAL INC RBC DAIN RAUSCHER CORPORATION REGIONS FINANCIAL CORP S1 CORPORATION SAFECO CORP SANDERS MORRIS HARRIS GROUP SCPIE HOLDINGS
SEI INVESTMENTS CO SEIBELS BRUCE GROUP INC (THE) SIERRA HEALTH SERVICES INC SKY FINANCIAL GROUP INC SOUTHTRUST CORP ST PAUL COMPANIES INC (THE) STANDARD MANAGEMENT CORP STATE FARM INSURANCE COMPANIES STATE STREET CORP STEWART INFORMATION SVCS CORP STIFEL FINANCIAL CORP STUDENT LOAN CORP SWS GROUP INC SYNOVUS FINANCIAL CORP TORCHMARK CORP TOTAL SYSTEM SERVICES INC TRANSAMERICA CORP TRENWICK GROUP LTD TRIAD GUARANTY INC TRIGON HEALTHCARE INC TYCO CAPITAL UICI UMB FINANCIAL CORP UNION PLANTERS CORP UNITED ASSET MANAGEMENT CORP UNITEDHEALTH GROUP INC UNITRIN INC UNIVERSAL AMERICAN FINANCIAL CORP UNUMPROVIDENT CORP USA EDUCATION INC USAA W R BERKLEY CORPORATION WADDELL & REED FINANCIAL WARRANTECH CORPORATION WASHINGTON MUTUAL INC WELLPOINT HEALTH NETWORKS INC WELLS FARGO & CO WESTCORP WFS FINANCIAL INC WHITNEY HOLDING CORP WILMINGTON TRUST CORP WORLD ACCEPTANCE CORP ZENITH NATIONAL INSURANCE CORP ZIONS BANCORP
MIDWEST A G EDWARDS INC ABN AMRO HOLDING NV ACCENTURE ACCEPTANCE INSURANCE COS ACE CASH EXPRESS INC ADVANTA CORP ADVEST GROUP INC AETNA INC AFFILIATED MANAGERS GROUP AFLAC INC ALLEGHANY CORP ALLIANCE CAPITAL MANAGEMENT LP
137
138
www.plunkettresearch.com
ALLMERICA FINANCIAL CORPORATION ALLSTATE CORPORATION (THE) ALLTEL CORP AMERIANA BANCORP AMERICAN BUSINESS FINANCIAL SERVICES INC AMERICAN COUNTRY HOLDINGS AMERICAN EXPRESS CO AMERICAN FINANCIAL GROUP INC AMERICAN GENERAL CORP AMERICAN HOME MORTGAGE HOLDINGS INC AMERICAN INTERNATIONAL GROUP INC AMERICAN NATIONAL INSURANCE COMPANY AMERICREDIT CORP AMERITRADE HOLDING CORP AMERUS GROUP CO ANCHOR BANCORP WISCONSIN ANTHEM INC AON CORPORATION ARGONAUT GROUP INC ARTHUR J GALLAGHER & CO ASSOCIATED BANC-CORP ASSURANT GROUP ASTORIA FINANCIAL CORP ATLANTIC MUTUAL COMPANIES AUTOMATIC DATA PROCESSING INC AXA FINANCIAL INC BALDWIN & LYONS INC BANCINSURANCE CORPORATION BANK MUTUAL CORPORATION BANK OF AMERICA CORP BANK OF MONTREAL BANK OF NEW YORK CO INC (THE) BANK ONE CORP BEAR STEARNS COS INC (THE) BERKSHIRE HATHAWAY INC BILLSERV INC BINGHAM FINANCIAL SERVICES INC BISYS GROUP INC (THE) BOTTOMLINE TECHNOLOGIES INC BOWNE & CO INC BROWN & BROWN CAMCO FINANCIAL CORP CAPITAL ONE FINANCIAL CORP CAPITOL TRANSAMERICA CORP CASH AMERICA INTERNATIONAL INC CDC IXIS ASSET MANAGEMENT NA CENTEX CORP CHARLES SCHWAB CORP (THE) CHARTER MUNICIPAL MORTGAGE ACCEPTANCE CO CHARTER ONE FINANCIAL INC CHECKFREE CORP CHICAGO TITLE CORPORATION CHRYSLER FINANCIAL CORP CHUBB CORPORATION (THE) CIGNA CORP CINCINNATI FINANCIAL CORP CITIGROUP INC
CITIZENS BANKING CORP/MI CITIZENS FINANCIAL CORP CITIZENS FIRST FINANCIAL CORP CNA FINANCIAL CORPORATION CNA SURETY CORPORATION COMERICA INC COMMERCE BANCSHARES INC COMMERCIAL FEDERAL CORP COMPASS BANCSHARES INC CONCORD EFS INC CONSECO INC CONSUMER PORTFOLIO SERV CORE INC COUNTRYWIDE CREDIT INDUSTRIES INC CRAWFORD & COMPANY CREDIT ACCEPTANCE CORP CREDIT STORE INC (THE) CREDIT SUISSE FIRST BOSTON D&B DELPHI FINANCIAL GROUP INC DELUXE CORP DEUTSCHE BANK DIEBOLD INC DIGITAL INSIGHT CORP DIME BANCORP INC DONEGAL GROUP INC DORAL FINANCIAL CORP DOW JONES & COMPANY INC DVI INC E W BLANCH HOLDINGS INC E*TRADE GROUP INC EFC BANCORP INC EMC INSURANCE GROUP INC EQUIFAX INC EQUIVEST FINANCIAL INC ERIE FAMILY LIFE INSURANCE COMPANY ERIE INDEMNITY CO EURONET WORLDWIDE INC EVEREST RE GROUP LTD EVISION USA.COM INC FACTSET RESEARCH SYSTEMS INC FAIR ISAAC AND COMPANY INC FANNIE MAE FARMERS GROUP INC FBL FINANCIAL GROUP FEDERAL AGRICULTURAL MORTGAGE CORP FFW CORPORATION FIDELITY BANCORP INC OF DE FIDELITY NATIONAL FINANCIAL INC FIFTH THIRD BANCORP FINANCIAL FEDERAL CORP FIRST ALBANY COMPANIES INC FIRST AMERICAN CORP FIRST BANCSHARES INC MO FIRST DATA CORP FIRST DEFIANCE FINANCIAL CORP FIRST FED FIN CORP KY FIRST FEDERAL CAPITAL CORP
www.plunkettresearch.com FIRST FRANKLIN CORP FIRST HEALTH GROUP CORP FIRST INDIANA CORP FIRST MIDWEST BANCORP INC FIRST MIDWEST FINANCIAL INC FIRST MONTAUK FINANCIAL CORP FIRST TENNESSEE NATIONAL CORP FIRST WEST VIRGINIA BANCORP FIRSTCITY FINANCIAL CORP FIRSTMERIT CORPORATION FISERV INC FLAGSTAR BANCORP INC FLEETBOSTON FINANCIAL CORPORATION FORD MOTOR CREDIT CO FREDDIE MAC FREMONT GENERAL CORP FRIEDMAN BILLINGS RAMSEY FSF FINANCIAL CORP GAINSCO INC GENERAL ELECTRIC CAPITAL CORPORATION GENERAL MOTORS ACCEPTANCE CORP GOLD BANC CORP INC GOLDEN WEST FINANCIAL CORP GOLDMAN SACHS GROUP INC GREAT AMERICAN BANCORP GREAT AMERICAN FINANCIAL RESOURCES INC GREAT SOUTHERN BANCORP GREENPOINT FINANCIAL CORP GUARANTY FEDERAL BANCSHARES INC GUARDIAN LIFE INSURANCE COMPANY OF AMERICA H & R BLOCK INC HARLEYSVILLE GROUP INC HARTFORD FINANCIAL SERVICES GROUP INC (THE) HCC INSURANCE HOLDINGS INC HELLER FINANCIAL INC HEMLOCK FEDERAL FINANCIAL CORP HF FINANCIAL CORPORATION HIGHLANDS INSURANCE GROUP HILB, ROGAL & HAMILTON CO HMN FINANCIAL INC HOME FEDERAL BANCORP HOPFED BANCORP INC HORACE MANN EDUCATORS CORPORATION HORIZON BANCORP HOUSEHOLD INTERNATIONAL INC HPSC INC HSB GROUP INC HSBC BANK USA HUMANA INC HUNTINGTON BANCSHARES INC INDEPENDENCE HOLDING CO INSTINET GROUP INC INTERACTIVE DATA CORPORATION INTERCEPT GROUP INC (THE) INTERCONTINENTAL LIFE CORPORATION INTUIT INC
INVESTORS TITLE COMPANY IRWIN FINANCIAL CORP J P MORGAN CHASE & CO INC JEFFERIES GROUP INC JEFFERSON-PILOT CORPORATION JOHN HANCOCK FINANCIAL SERVICES INC JOHN NUVEEN COMPANY (THE) KANSAS CITY LIFE INSURANCE COMPANY KBK CAPITAL CORP KEYCORP KNIGHT TRADING GROUP INC LADENBURG THALMANN FINANCIAL LANDAMERICA FINANCIAL GROUP LEGG MASON INC LEHMAN BROTHERS HOLDINGS INC LEUCADIA NATIONAL CORP LIBERTY MUTUAL INSURANCE COMPANIES LINCOLN NATIONAL CORPORATION LOCAL FINANCIAL CORP LOEWS CORPORATION M&T BANK CORP MAF BANCORP INC MARKEL CORPORATION MARSH & MCLENNAN COS INC MARSHALL & ILSLEY CORP MASSACHUSETTS MUTUAL LIFE INSURANCE CO MATRIX BANCORP INC MB FINANCIAL INC MBNA CORP MEADOWBROOK INSURANCE GROUP INC MEDALLION FINANCIAL CORP MELLON FINANCIAL CORP MERCURY GENERAL CORP MERIDIAN INSURANCE GROUP INC MERRILL LYNCH & CO INC METAVANTE CORPORATION METLIFE INC METRIS COMPANIES INC MFN FINANCIAL CORPORATION MGIC INVESTMENT CORP MONY GROUP INC (THE) MORGAN STANLEY DEAN WITTER & CO MYND CORPORATION NASB FINANCIAL INC NATIONAL CITY CORPORATION NATIONAL WESTERN LIFE INSURANCE COMPANY NATIONWIDE FINANCIAL SERVICES INC NEUBERGER BERMAN INC NEW CENTURY FINANCIAL CORP NEW VALLEY CORP NEW YORK LIFE INSURANCE CO NORTH CENTRAL BANCSHARES NORTHEAST INDIANA BANCORP NORTHERN STATES FINANCIAL NORTHERN TRUST CORP NORTHWEST INDIANA BANCORP NOVA CORPORATION NYMAGIC INC
139
140
www.plunkettresearch.com
OHIO CASUALTY CORP OLD NATIONAL BANCORP OLD REPUBLIC INTERNATIONAL CORP OMEGA WORLDWIDE INC ONYX ACCEPTANCE CORP OXFORD HEALTH PLANS INC PACIFIC MUTUAL HOLDING CO PACIFICARE HEALTH SYSTEMS INC PAYCHEX INC PHILADELPHIA CONSOLIDATED HOLDING CORP PHOENIX INVESTMENT PTNRS PICO HOLDINGS INC PIMCO ADVISORS LP PIONEER INVESTMENT MANAGEMENT USA INC PMI GROUP INC PNC FINANCIAL SERVICES GROUP INC POPULAR INC PRESIDENTIAL LIFE CORPORATION PRINCIPAL FINANCIAL GROUP (THE) PROFESSIONALS GROUP INC PROGRESSIVE CORP PROTECTIVE LIFE INSURANCE CO PROVIDENT FINANCIAL GROUP PROVIDIAN FINANCIAL CORP PRUDENTIAL FINANCIAL PULTE HOMES INC QUICKEN LOANS INC RADIAN GROUP INC RAYMOND JAMES FINANCIAL INC RBC DAIN RAUSCHER CORPORATION REINSURANCE GROUP OF AMERICA INC RIGHTCHOICE MANAGED CARE INC RTW INC SAFECO CORP SCPIE HOLDINGS SEI INVESTMENTS CO SEIBELS BRUCE GROUP INC (THE) SELECTIVE INSURANCE GROUP SIERRA HEALTH SERVICES INC SKY FINANCIAL GROUP INC ST FRANCIS CAPITAL CORP ST PAUL COMPANIES INC (THE) STANDARD MANAGEMENT CORP STATE AUTO FINANCIAL STATE FARM INSURANCE COMPANIES STATE STREET CORP STEWART INFORMATION SVCS CORP STIFEL FINANCIAL CORP STUDENT LOAN CORP SYNOVUS FINANCIAL CORP TCF FINANCIAL CORPORATION TORCHMARK CORP TOTAL SYSTEM SERVICES INC TRADESTATION GROUP INC TRANSAMERICA CORP TRANSATLANTIC HOLDINGS INC TRENWICK GROUP LTD TRIAD GUARANTY INC
TRIGON HEALTHCARE INC TYCO CAPITAL UICI UMB FINANCIAL CORP UNION ACCEPTANCE CORP UNION PLANTERS CORP UNITED ASSET MANAGEMENT CORP UNITED COMMUNITY FINANCIA L UNITED FIRE & CASUALTY CO UNITEDHEALTH GROUP INC UNITRIN INC UNIVERSAL AMERICAN FINANCIAL CORP UNUMPROVIDENT CORP US BANCORP USA EDUCATION INC W R BERKLEY CORPORATION WADDELL & REED FINANCIAL WASHINGTON MUTUAL INC WELLPOINT HEALTH NETWORKS INC WELLS FARGO & CO WFS FINANCIAL INC XL RE AMERICA ZENITH NATIONAL INSURANCE CORP ZIEGLER COMPANIES (THE) ZIONS BANCORP
SOUTHEAST 21ST CENTURY HOLDING CO A G EDWARDS INC ABN AMRO HOLDING NV ACCENTURE ACCEPTANCE INSURANCE COS ACE CASH EXPRESS INC ACTRADE FINANCIAL TEH CNOLOGIES LTD ADVEST GROUP INC AETNA INC AFLAC INC ALFA CORPORATION ALLEGHANY CORP ALLIANCE CAPITAL MANAGEMENT LP ALLMERICA FINANCIAL CORPORATION ALLSTATE CORPORATION (THE) ALLTEL CORP AMERICAN BUSINESS FINANCIAL SERVICES INC AMERICAN EXPRESS CO AMERICAN FINANCIAL GROUP INC AMERICAN GENERAL CORP AMERICAN HERITAGE LIFE INVESTMENT CORP AMERICAN HOME MORTGAGE HOLDINGS INC AMERICAN INTERNATIONAL GROUP INC AMERICAN NATIONAL INSURANCE COMPANY AMERICREDIT CORP AMSOUTH BANCORPORATION AON CORPORATION ARGONAUT GROUP INC ARTHUR J GALLAGHER & CO ASSURANT GROUP ASTORIA FINANCIAL CORP
www.plunkettresearch.com ATLANTIC AMERICAN CORP ATLANTIC MUTUAL COMPANIES AUTOMATIC DATA PROCESSING INC AXA FINANCIAL INC BALDWIN & LYONS INC BANCORPSOUTH INC BANK OF AMERICA CORP BANK OF MONTREAL BANK OF NEW YORK CO INC (THE) BANK ONE CORP BANKUNITED FINANCIAL CORP BB&T CORP BEAR STEARNS COS INC (THE) BERKSHIRE HATHAWAY INC BINGHAM FINANCIAL SERVICES INC BISYS GROUP INC (THE) BOK FINANCIAL CORP BOWNE & CO INC BROWN & BROWN CAPITAL CITY BANK GROUP INC CAPITAL ONE FINANCIAL CORP CAPITOL TRANSAMERICA CORP CASH AMERICA INTERNATIONAL INC CAVALRY BANCORP INC CENTEX CORP CHARLES SCHWAB CORP (THE) CHARTER MUNICIPAL MORTGAGE ACCEPTANCE CO CHECKFREE CORP CHICAGO TITLE CORPORATION CHRYSLER FINANCIAL CORP CHUBB CORPORATION (THE) CIGNA CORP CINCINNATI FINANCIAL CORP CITIGROUP INC CITIZENS FINANCIAL CORP CITIZENS INC CNA FINANCIAL CORPORATION CNA SURETY CORPORATION COLONIAL BANCGROUP INC COMERICA INC COMPASS BANCSHARES INC COMPUCREDIT CORPORATION CONCORD EFS INC CONSECO INC CONSUMER PORTFOLIO SERV COUNTRYWIDE CREDIT INDUSTRIES INC CRAWFORD & COMPANY CREDIT ACCEPTANCE CORP CREDIT SUISSE FIRST BOSTON D&B DELPHI FINANCIAL GROUP INC DELUXE CORP DEUTSCHE BANK DIEBOLD INC DIGITAL INSIGHT CORP DIME BANCORP INC DONEGAL GROUP INC
DORAL FINANCIAL CORP DOW JONES & COMPANY INC DVI INC E W BLANCH HOLDINGS INC E*TRADE GROUP INC EAGLE BANCSHARES ELECTRONIC CLEARING HOUSE INC E-LOAN INC ENHANCE FINANCIAL SERVICES GROUP INC EQUIFAX INC EQUIVEST FINANCIAL INC ERIE FAMILY LIFE INSURANCE COMPANY ERIE INDEMNITY CO EURONET WORLDWIDE INC EVEREST RE GROUP LTD EVISION USA.COM INC FAIR ISAAC AND COMPANY INC FANNIE MAE FARMERS GROUP INC FEDERAL AGRICULTURAL MORTGAGE CORP FEDERAL TRUST CORPORATION FFLC BANCORP INC FIDELITY BANKSHARES INC FIDELITY NATIONAL FINANCIAL INC FIFTH THIRD BANCORP FINANCIAL FEDERAL CORP FIRST ALBANY COMPANIES INC FIRST AMERICAN CORP FIRST DATA CORP FIRST HEALTH GROUP CORP FIRST INDIANA CORP FIRST MONTAUK FINANCIAL CORP FIRST SOUTHERN BANCSHARES INC FIRST TENNESSEE NATIONAL CORP FIRST VIRGINIA BANKS INC FIRSTCITY FINANCIAL CORP FIRSTFED BANCORP INC FISERV INC FLAG FINANCIAL CORP FLAGSTAR BANCORP INC FLEETBOSTON FINANCIAL CORPORATION FORD MOTOR CREDIT CO FRANKLIN RESOURCES INC FREDDIE MAC FREMONT GENERAL CORP FRIEDMAN BILLINGS RAMSEY GENERAL ELECTRIC CAPITAL CORPORATION GENERAL MOTORS ACCEPTANCE CORP GOLD BANC CORP INC GOLDEN WEST FINANCIAL CORP GOLDMAN SACHS GROUP INC GREAT AMERICAN FINANCIAL RESOURCES INC GREENPOINT FINANCIAL CORP GUARDIAN LIFE INSURANCE COMPANY OF AMERICA H & R BLOCK INC HAMILTON BANCORP INC HARBOR FLORIDA BANCSHARES INC
141
142
www.plunkettresearch.com
HARLEYSVILLE GROUP INC HARTFORD FINANCIAL SERVICES GROUP INC (THE) HCB BANCSHARES INC HELLER FINANCIAL INC HIBERNIA CORPORATION HIGHLANDS INSURANCE GROUP HILB, ROGAL & HAMILTON CO HORACE MANN EDUCATORS CORPORATION HOUSEHOLD INTERNATIONAL INC HPSC INC HSB GROUP INC HSBC BANK USA HUMANA INC HUNTINGTON BANCSHARES INC INDEPENDENCE HOLDING CO INSTINET GROUP INC INTERCEPT GROUP INC (THE) INTERCONTINENTAL LIFE CORPORATION INTUIT INC INVESTORS TITLE COMPANY IRWIN FINANCIAL CORP J P MORGAN CHASE & CO INC JB OXFORD HOLDINGS INC JEFFERIES GROUP INC JEFFERSON-PILOT CORPORATION JOHN HANCOCK FINANCIAL SERVICES INC JOHN NUVEEN COMPANY (THE) KANSAS CITY LIFE INSURANCE COMPANY KAYE GROUP INC KBK CAPITAL CORP KEYCORP LADENBURG THALMANN FINANCIAL LAIDLAW GLOBAL CORP LANDAMERICA FINANCIAL GROUP LEGG MASON INC LEHMAN BROTHERS HOLDINGS INC LEUCADIA NATIONAL CORP LIBERTY MUTUAL INSURANCE COMPANIES LINCOLN NATIONAL CORPORATION MARSH & MCLENNAN COS INC MARSHALL & ILSLEY CORP MASSACHUSETTS MUTUAL LIFE INSURANCE CO MBNA CORP MEADOWBROOK INSURANCE GROUP INC MELLON FINANCIAL CORP MERCURY GENERAL CORP MERIDIAN INSURANCE GROUP INC MERRILL LYNCH & CO INC METAVANTE CORPORATION METLIFE INC MFN FINANCIAL CORPORATION MGIC INVESTMENT CORP MID ATLA NTIC MEDICAL SERVICES INC MONY GROUP INC (THE) MORGAN STANLEY DEAN WITTER & CO MYND CORPORATION NATIONAL COMMERCE FINANCIAL CORP
NATIONAL SECURITY GROUP INC (THE) NATIONAL WESTERN LIFE INSURANCE COMPANY NATIONWIDE FINANCIAL SERVICES INC NBC CAPITAL CORP NETBANK INC NEUBERGER BERMAN INC NEW CENTURY FINANCIAL CORP NEW VALLEY CORP NEW YORK LIFE INSURANCE CO NORTH EAST INSURANCE CO NORTHERN TRUST CORP NOVA CORPORATION OHIO CASUALTY CORP OLD NATIONAL BANCORP ONYX ACCEPTANCE CORP PACIFIC MUTUAL HOLDING CO PACIFICARE HEALTH SYSTEMS INC PAYCHEX INC PHILADELPHIA CONSOLIDATED HOLDING CORP PHOENIX INVESTMENT PTNRS PINNACLE BANCSHARES INC PIONEER INVESTMENT MANAGEMENT USA INC PMA CAPITAL CORPORATION PMC CAPITAL INC PMI GROUP INC PNC FINANCIAL SERVICES GROUP INC POCAHONTAS BANCORP INC POPULAR INC PRESIDENTIAL LIFE CORPORATION PRINCIPAL FINANCIAL GROUP (THE) PROFESSIONALS GROUP INC PROGRESSIVE CORP PROTECTIVE LIFE INSURANCE CO PROVIDENT FINANCIAL GROUP PROVIDIAN FINANCIAL CORP PRUDENTIAL FINANCIAL PULTE HOMES INC RADIAN GROUP INC RAYMOND JAMES FINANCIAL INC RBC DAIN RAUSCHER CORPORATION REGIONS FINANCIAL CORP S1 CORPORATION SAFECO CORP SCPIE HOLDINGS SEI INVESTMENTS CO SEIBELS BRUCE GROUP INC (THE) SELECTIVE INSURANCE GROUP SIEBERT FINANCIAL CORP SIERRA HEALTH SERVICES INC SKY FINANCIAL GROUP INC SNB BANCSHARES INC SOUTHTRUST CORP ST PAUL COMPANIES INC (THE) STANDARD MANAGEMENT CORP STATE AUTO FINANCIAL STATE FARM INSURANCE COMPANIES STATE STREET CORP STEWART INFORMATION SVCS CORP
www.plunkettresearch.com STIFEL FINANCIAL CORP STUDENT LOAN CORP SUNTRUST BANKS INC SWS GROUP INC SYNOVUS FINANCIAL CORP T ROWE PRICE GROUP INC TECHE HOLDING COMPANY TFC ENTERPRISES INC TORCHMARK CORP TOTAL SYSTEM SERVICES INC TRADESTATION GROUP INC TRANSAMERICA CORP TRANSATLANTIC HOLDINGS INC TRENWICK GROUP LTD TRIAD GUARANTY INC TRIGON HEALTHCARE INC TRUSTMARK CORPORATION TYCO CAPITAL UICI UNION PLANTERS CORP UNITED ASSET MANAGEMENT CORP UNITED FIRE & CASUALTY CO UNITEDHEALTH GROUP INC UNITRIN INC UNIVERSAL AMERICAN FINANCIAL CORP UNUMPROVIDENT CORP USA EDUCATION INC USAA W R BERKLEY CORPORATION WACHOVIA CORP WADDELL & REED FINANCIAL WASHINGTON MUTUAL INC WELLPOINT HEALTH NETWORKS INC WELLS FARGO & CO WFS FINANCIAL INC WHITNEY HOLDING CORP WORLD ACCEPTANCE CORP XL RE AMERICA ZENITH NATIONAL INSURANCE CORP ZIEGLER COMPANIES (THE) ZIONS BANCORP
NORTHEAST A B WATLEY GROUP INC A G EDWARDS INC ABINGTON BANCORP INC ABN AMRO HOLDING NV ACCENTURE ACCEPTANCE INSURANCE COS ACE CAPITAL RE ACE CASH EXPRESS INC ACMAT CORPORATION ACTRADE FINANCIAL TEHCNOLOGIES LTD ADVANTA CORP ADVEST GROUP INC AETNA INC AFFILIATED MANAGERS GROUP AFLAC INC
ALFA CORPORATION ALLEGHANY CORP ALLIANCE BANCORP OF NE ALLIANCE BANK ALLIANCE CAPITAL MANAGEMENT LP ALLMERICA FINANCIAL CORPORATION ALLSTATE CORPORATION (THE) ALLTEL CORP AMBAC FINANCIAL GROUP AMERICAN BANK OF CT AMERICAN BUSINESS FINANCIAL SERVICES INC AMERICAN COUNTRY HOLDINGS AMERICAN EXPRESS CO AMERICAN FINANCIAL GROUP INC AMERICAN GENERAL CORP AMERICAN HERITAGE LIFE INVESTMENT CORP AMERICAN HOME MORTGAGE HOLDINGS INC AMERICAN INTERNATIONAL GROUP INC AMERICAN NATIONAL INSURANCE COMPANY AMERICREDIT CORP ANTHEM INC AON CORPORATION ARGONAUT GROUP INC ARTHUR J GALLAGHER & CO ASSURANT GROUP ASTORIA FINANCIAL CORP ATLANTIC MUTUAL COMPANIES AUTOMATIC DATA PROCESSING INC AXA FINANCIAL INC BALDWIN & LYONS INC BANCINSURANCE CORPORATION BANK OF AMERICA CORP BANK OF NEW YORK CO INC (THE) BANK ONE CORP BANKNORTH GROUP INC BAY STATE BANCORP INC BB&T CORP BEAR STEARNS COS INC (THE) BEDFORD BANCSHARES INC BERKSHIRE HATHAWAY INC BILLSERV INC BINGHAM FINANCIAL SERVICES INC BISYS GROUP INC (THE) BLACKROCK INC BNP PARIBAS BOSTONFED BANCORP INC BOTTOMLINE TECHNOLOGIES INC BOWNE & CO INC BROWN & BROWN CAMCO FINANCIAL CORP CAPITAL ONE FINANCIAL CORP CAPITOL TRANSAMERICA CORP CARVER BANCORP INC CASH AMERICA INTERNATIONAL INC CATHAY BANCORP INC CDC IXIS ASSET MANAGEMENT NA CENTEX CORP CHARLES SCHWAB CORP (THE)
143
144
www.plunkettresearch.com
CHARTER MUNICIPAL MORTGAGE ACCEPTANCE CO CHARTER ONE FINANCIAL INC CHECKFREE CORP CHICAGO TITLE CORPORATION CHRYSLER FINANCIAL CORP CHUBB CORPORATION (THE) CIGNA CORP CINCINNATI FINANCIAL CORP CITIGROUP INC CITIZENS FINANCIAL CORP CNA FINANCIAL CORPORATION CNA SURETY CORPORATION COASTAL FINANCIAL CORP CODORUS VALLEY BANCORP INC COLUMBIA BANCORP COMMERCE BANCORP INC COMMERCE GROUP INC (THE) COMMONWEALTH BANCORP INC CONCORD EF S INC CONNECTICUT BANCSHARES INC CONSECO INC CONSUMER PORTFOLIO SERV CORE INC COUNTRYWIDE CREDIT INDUSTRIES INC CRAWFORD & COMPANY CREDIT ACCEPTANCE CORP CREDIT SUISSE FIRST BOSTON D&B DELPHI FINANCIAL GROUP INC DELUXE CORP DEUTSCHE BANK DIEBOLD INC DIGITA L INSIGHT CORP DIME BANCORP INC DIME COMMUNITY BANCSHARES DONEGAL GROUP INC DORAL FINANCIAL CORP DOW JONES & COMPANY INC DVI INC E W BLANCH HOLDINGS INC E*TRADE GROUP INC EATON VANCE CORP ENHANCE FINANCIAL SERVICES GROUP INC EQUIFAX INC EQUITABLE BANK EQUIVEST FINANCIAL INC ERIE FAMILY LIFE INSURANCE COMPANY ERIE INDEMNITY CO ESB FINANCIAL CORP EVEREST RE GROUP LTD EVISION USA.COM INC FACTSET RESEARCH SYSTEMS INC FAIR ISAAC AND COMPANY INC FANNIE MAE FARM FAMILY HOLDINGS INC FARMERS GROUP INC FEDERAL AGRICULTURAL MORTGAGE CORP
FEDERATED INVESTORS INC FIDELITY NATIONAL FINANCIAL INC FINANCIAL FEDERAL CORP FINANCIAL SECURITY ASSURANCE HLDGS LTD FINGER LAKES BANCORP INC FIRST ALBANY COMPANIES INC FIRST AMERICAN CORP FIRST BELL BANCORP INC FIRST DATA CORP FIRST ESSEX BANCORP INC FIRST FINANCIAL HOLDINGS INC FIRST HEALTH GROUP CORP FIRST INDIANA CORP FIRST INVESTORS FINANCIAL SVCS GROUP INC FIRST KEYSTONE FINANCIAL FIRST MONTAUK FINANCIAL CORP FIRST NIAGARA FINANCIAL GROUP INC FIRST SENTINEL BANCORP INC FIRST SOUTH BANCORP INC FIRST VIRGINIA BANKS INC FIRST WEST VIRGINIA BANCORP FIRSTCITY FINANCIAL CORP FIRSTFED AMERICA BANCORP INC FIRSTMERIT CORPORATION FISERV INC FLAGSTAR BANCORP INC FLEETBOSTON FINANCIAL CORPORATION FLUSHING FINANCIAL CORP FORD MOTOR CREDIT CO FRANKLIN RESOURCES INC FREDDIE MAC FREMONT GENERAL CORP FRIEDMAN BILLINGS RAMSEY FULTON FINANCIAL CORP GASTON FEDERAL BANCORP GENERAL ELECTRIC CAPITAL CORPORATION GENERAL MOTORS ACCEPTANCE CORP GENERALCOLOGNE RE CORP GEORGIA FINANCIAL INC GOLDEN WEST FINANCIAL CORP GOLDMAN SACHS GROUP INC GREAT AMERICAN FINANCIAL RESOURCES INC GREENPOINT FINANCIAL CORP GUARDIAN LIFE INSURANCE COMPANY OF AMERICA H & R BLOCK INC HARLEYSVILLE GROUP INC HARLEYSVILLE SAVINGS BANK HARTFORD FINANCIAL SERVICES GROUP INC (THE) HCC INSURANCE HOLDINGS INC HEALTH NET INC HELLER FINANCIAL INC HIGHLANDS INSURANCE GROUP HILB, ROGAL & HAMILTON CO HINGHAM INSTITUTION FOR SAVINGS HOENIG GROUP INC HOMEGOLD FINANCIAL INC
www.plunkettresearch.com HORACE MANN EDUCATORS CORPORATION HOUSEHOLD INTERNATIONAL INC HPSC INC HSB GROUP INC HSBC BANK USA HUDSON RIVER BANCORP HUDSON UNITED BANCORP HUMANA INC HUNTINGTON BANCSHARES INC INDEPENDENCE COMMUNITY BANK INDEPENDENCE FEDERAL SAVINGS INDEPENDENCE HOLDING CO INSTINET GROUP INC INTERACTIVE DATA CORPORATION INTERCEPT GROUP INC (THE) INTERCONTINENTAL LIFE CORPORATION INTUIT INC INVESTMENT TECHNOLOGY GROUP INC INVESTORS FINANCIAL SERVICES INVESTORS TITLE COMPANY IRWIN FINANCIAL CORP J P MORGAN CHASE & CO INC JB OXFORD HOLDINGS INC JEFFERIES GROUP INC JEFFERSON-PILOT CORPORATION JOHN HANCOCK FINANCIAL SERVICES INC JOHN NUVEEN COMPANY (THE) KANSAS CITY LIFE INSURANCE COMPANY KAYE GROUP INC KEYCORP KIRLIN HOLDING CORP KNIGHT TRADING GROUP INC LABRANCHE & CO INC LADENBURG THALMANN FINANCIAL LAIDLAW GLOBAL CORP LANDAMERICA FINANCIAL GROUP LAUREL CAPITAL GROUP INC LEGG MASON INC LEHMAN BROTHERS HOLDINGS INC LEUCADIA NATIONAL CORP LIBERTY MUTUAL INSURANCE COMPANIES LINCOLN NATIONAL CORPORATION LOEWS CORPORATION M&T BANK CORP MARKEL CORPORATION MARSH & MCLENNAN COS INC MARSHALL & ILSLEY CORP MASSACHUSETTS MUTUAL LIFE INSURANCE CO MASSBANK CORP MAXCOR FINANCIAL GROUP MBIA INCORPORATED MBNA CORP MCM CORP MEADOWBROOK INSURANCE GROUP INC MEDALLION FINANCIAL CORP MEDFORD BANCORP INC MELLON FINANCIAL CORP MERCANTILE BANKSHARES
MERCHANTS GROUP INC MERRILL LYNCH & CO INC METAVANTE CORPORATION METLIFE INC METRIS COMPANIES INC MFN FINANCIAL CORPORATION MGIC INVESTMENT CORP MID ATLANTIC MEDICAL SERVICES INC MONY GROUP INC (THE) MORGAN STANLEY DEAN WITTER & CO MUNICIPAL MORTGAGE & EQUITY MYND CORPORATION MYSTIC FINANCIAL INC NATIONAL CITY CORPORATION NATIONAL COMMERCE FINANCIAL CORP NATIONAL DISCOUNT BROKERS NATIONWIDE FINANCIAL SERVICES INC NAVIGATORS GROUP INC NEUBERGER BERMAN INC NEW CENTURY FINANCIAL CORP NEW HAMPSHIRE THRIFT BANC NEW VALLEY CORP NEW YORK LIFE INSURANCE CO NORTH EAST INSURANCE CO NORTH FORK BANCORPORATION NORTHEAST PENNSYLVANIA FINANCIAL NORTHERN TRUST CORP NORTHWEST BANCORP INC NOVA CORPORATION NYMAGIC INC OHIO CASUALTY CORP ONEIDA FINANCIAL CORP ONYX ACCEPTANCE CORP OXFORD HEALTH PLANS INC PACIFIC MUTUAL HOLDING CO PAYCHEX INC PEOPLE'S BANK PHILADELPHIA CONSOLIDATED HOLDING CORP PHOENIX COMPANIES (THE) PHOENIX INVESTMENT PTNRS PICO HOLDINGS INC PIMCO ADVISORS LP PIONEER INVESTMENT MANAGEMENT USA INC PITTSBURGH FINANCIAL CORP PMA CAPITAL CORPORATION PMI GROUP INC PNC FINANCIAL SERVICES GROUP INC POPULAR INC PRESERVER GROUP INC PRESIDENTIAL LIFE CORPORATION PRINCETON ECOM PRINCIPAL FINANCIAL GROUP (THE) PROFESSIONALS GROUP INC PROGRESSIVE CORP PROTECTIVE LIFE INSURANCE CO PROVIDIAN FINANCIA L CORP PRUDENTIAL FINANCIAL PULTE HOMES INC
145
146
www.plunkettresearch.com
PXRE CORP RADIAN GROUP INC RAYMOND JAMES FINANCIAL INC RBC DAIN RAUSCHER CORPORATION RESOURCE BANCSHARES MORTGAGE GROUP RIGHTCHOICE MANAGED CARE INC RTW INC S1 CORPORATION SAFECO CORP SANDERS MORRIS HARRIS GROUP SCPIE HOLDINGS SEACOAST FINANCIAL SERVICES CORP SEI INVESTMENTS CO SEIBELS BRUCE GROUP INC (THE) SELECTIVE INSURANCE GROUP SIEBERT FINANCIAL CORP SIERRA HEALTH SERVICES INC SKY FINANCIAL GROUP INC SOUNDVIEW TECHNOLOGY GROUP SOUTHTRUST CORP SOVEREIGN BANCORP INC ST PAUL COMPANIES INC (THE) STANDARD MANAGEMENT CORP STATE AUTO FINANCIAL STATE FARM INSURANCE COMPANIES STATE STREET CORP STATEN ISLAND BANCORP INC STEWART INFORMATION SVCS CORP STIFEL FINANCIAL CORP STUDENT LOAN CORP SUNTRUST BANKS INC SWS GROUP INC SYNOVUS FINANCIAL CORP T ROWE PRICE GROUP INC TF FINANCIAL CORPORATION TFC ENTERPRISES INC THISTLE GROUP HOLDINGS TORCHMARK CORP TOTAL SYSTEM SERVICES INC TRADESTATION GROUP INC TRANSAMERICA CORP TRANSATLANTIC HOLDINGS INC TRENWICK GROUP LTD TRIAD GUARANTY INC TRIGON HEALTHCARE INC TYCO CAPITAL UICI UNION PLANTERS CORP UNITED ASSET MANAGEMENT CORP UNITEDHEALTH GROUP INC UNIVERSAL AMERICAN FINANCIAL CORP UNUMPROVIDENT CORP USA EDUCATION INC USAA VALLEY NATIONAL BANCORP VALUE LINE INC W R BERKLEY CORPORATION WACHOVIA CORP
WADDELL & REED FINANCIAL WARRANTECH CORPORATION WASHINGTON MUTUAL INC WAYPOINT FINANCIAL CORPORATION WEBSTER FINANCIAL CORP WELLPOINT HEALTH NETWORKS INC WELLS FARGO & CO WFS FINANCIAL INC WILMINGTON TRUST CORP WORLD ACCEPTANCE CORP XL RE AMERICA YONKERS FINANCIAL CORP ZENITH NATIONAL INSURANCE CORP ZIEGLER COMPANIES (THE)
www.plunkettresearch.com
INDEX BY FIRMS WITH INTERNATIONAL OPERATIONS A G EDWARDS INC ABN AMRO HOLDING NV ACCENTURE ACE CAPITAL RE ACTRADE FINANCIAL TEHCNOLOGIES LTD ADVANTA CORP ADVEST GROUP INC AFFILIATED MANAGERS GROUP AFLAC INC ALLEGHANY CORP ALLIANCE CAPITAL MANAGEMENT LP ALLSTATE CORPORATION (THE) ALLTEL CORP AMBAC FINANCIAL GROUP AMERICAN EXPRESS CO AMERICAN GENERAL CORP AMERICAN INTERNATIONAL GROUP INC AMERICAN NATIONAL INSURANCE COMPANY AON CORPORATION ARTHUR J GALLAGHER & CO ASSURANT GROUP ATLANTIC MUTUAL COMPANIES AUTOMATIC DATA PROCESSING INC AXA FINANCIAL INC BANK OF AMERICA CORP BANK OF MONTREAL BANK OF NEW YORK CO INC (THE) BANK ONE CORP BEAR STEARNS COS INC (THE) BERKSHIRE HATHAWAY INC BILLSERV INC BISYS GROUP INC (THE) BLACKROCK INC BNP PARIBAS BOTTOMLINE TECHNOLOGIES INC BOWNE & CO INC CAPITAL ONE FINANCIAL CORP CASH AMERICA INTERNATIONAL INC CATHAY BANCORP INC CDC IXIS ASSET MANAGEMENT NA CENTEX CORP CHARLES SCHWAB CORP (THE) CHECKFREE CORP CHICAGO TITLE CORPORATION CHRYSLER FINANCIAL CORP CHUBB CORPORATION (THE) CIGNA CORP CITIGROUP INC CITIZENS INC CNA FINANCIAL CORPORATION CNA SURETY CORPORATION COMERICA INC CORILLIAN COUNTRYWIDE CREDIT INDUSTRIES INC CRAWFORD & COMPANY
CREDIT ACCEPTANCE CORP CREDIT SUISSE FIRST BOSTON D&B DELUXE CORP DEUTSCHE BANK DIEBOLD INC DORAL FINANCIAL CORP DOW JONES & COMPANY INC DVI INC E W BLANCH HOLDINGS INC E*TRADE GROUP INC E-LOAN INC ENHANCE FINANCIAL SERVICES GROUP INC EQUIFAX INC EURONET WORLDWIDE INC EVEREST RE GROUP LTD EVISION USA.COM INC FACTSET RESEARCH SYSTEMS INC FAIR ISAAC AND COMPANY INC FANNIE MAE FEDERATED INVESTORS INC FIDELITY NATIONAL FINANCIAL INC FIFTH THIRD BANCORP FINANCIAL SECURITY ASSURANCE HLDGS LTD FIRST AMERICAN CORP FIRST DATA CORP FIRST INDIANA CORP FIRSTCITY FINANCIAL CORP FISERV INC FLEETBOSTON FINANCIAL CORPORATION FORD MOTOR CREDIT CO FRANKLIN RESOURCES INC FRIEDMAN BILLINGS RAMSEY GENERAL ELECTRIC CAPITAL CORPORATION GENERAL MOTORS ACCEPTANCE CORP GENERALCOLOGNE RE CORP GOLDMAN SACHS GROUP INC GREAT AMERICAN FINANCIAL RESOURCES INC GUARDIAN LIFE INSURANCE COMPANY OF AMERICA H & R BLOCK INC HAMILTON BANCORP INC HARTFORD FINANCIAL SERVICES GROUP INC (THE) HCC INSURANCE HOLDINGS INC HELLER FINANCIAL INC HOENIG GROUP INC HOUSEHOLD INTERNATIONAL INC HSB GROUP INC HSBC BANK USA HUNTINGTON BANCSHARES INC ING PILGRIM INSTINET GROUP INC INTERACTIVE DATA CORPORATION INTUIT INC INVESTORS FINANCIAL SERVICES J P MORGAN CHASE & CO INC JB OXFORD HOLDINGS INC
147
148
www.plunkettresearch.com
JEFFERIES GROUP INC JOHN HANCOCK FINANCIAL SERVICES INC KAYE GROUP INC KEYCORP KNIGHT TRADING GROUP INC LADENBURG THALMANN FINANCIAL LAIDLAW GLOBAL CORP LANDAMERICA FINANCIAL GROUP LEGG MASON INC LEHMAN BROTHERS HOLDINGS INC LEUCADIA NATIONAL CORP LIBERTY MUTUAL INSURANCE COMPANIES LINCOLN NATIONAL CORPORATION LOEWS CORPORATION MARKEL CORPORATION MARSH & MCLENNAN COS INC MASSACHUSETTS MUTUAL LIFE INSURANCE CO MAXCOR FINANCIAL GROUP MBIA INCORPORATED MBNA CORP MEADOWBROOK INSURANCE GROUP INC MELLON FINANCIAL CORP MERRILL LYNCH & CO INC METAVANTE CORPORATION METLIFE INC MORGAN STANLEY DEAN WITTER & CO MYND CORPORATION NATIONAL WESTERN LIFE INSURANCE COMPANY NATIONWIDE FINANCIAL SERVICES INC NAVIGATORS GROUP INC NETBANK INC NEW HAMPSHIRE THRIFT BANC NEW VALLEY CORP NEW YORK LIFE INSURANCE CO NORTHERN TRUST CORP NOVA CORPORATION OMEGA WORLDWIDE INC PACIFIC CENTURY FINANCIAL PACIFIC MUTUAL HOLDING CO PACIFICARE HEALTH SYSTEMS INC PHOENIX COMPANIES (THE) PIMCO ADVISORS LP PIONEER INVESTMENT MANAGEMENT USA INC PMI GROUP INC PNC FINANCIAL SERVICES GROUP INC POPULAR INC PRINCIPAL FINANCIAL GROUP (THE) PROGRESSIVE CORP PROVIDIAN FINANCIAL CORP PRUDENTIAL FINANCIAL PULTE HOMES INC PXRE CORP RAYMOND JAMES FINANCIAL INC REINSURANCE GROUP OF AMERICA INC S1 CORPORATION SAFECO CORP SEI INVESTMENTS CO SOUNDVIEW TECHNOLOGY GROUP
ST PAUL COMPANIES INC (THE) STANDARD MANAGEMENT CORP STATE FARM INSURANCE COMPANIES STATE STREET CORP STEWART INFORMATION SVCS CORP STUDENT LOAN CORP SWS GROUP INC SYNOVUS FINANCIAL CORP T ROWE PRICE GROUP INC TORCHMARK CORP TOTA L SYSTEM SERVICES INC TRANSAMERICA CORP TRANSATLANTIC HOLDINGS INC TRENWICK GROUP LTD TYCO CAPITAL UNITED ASSET MANAGEMENT CORP UNUMPROVIDENT CORP USAA W R BERKLEY CORPORATION WELLS FARGO & CO WHITNEY HOLDING CORP XL RE AMERICA
www.plunkettresearch.com
INDIVIDUAL DATA PROFILES ON EACH OF THE FINANCIAL SERVICES 500
149
150
www.plunkettresearch.com
21ST CENTURY HOLDING CO
www.fedfirst.com
Industry Group Code: 522220 Ranks within this company's industry group: Sales: 7 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 7
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Automobile Financing Insurance Brokerage & Management Health and Life Insurance Income Tax Service
21st Century Holding Company is a vertically integrated insurance holding company that controls substantially all aspects of the insurance underwriting, distribution and claims process for its insurance subsidiaries. The company underwrites non-standard and standard personal automobile insurance and mobile home property and casualty insurance in the state of Florida through its subsidiary, Federated National Insurance Company. The firm’s electronic filing service operates across several states that include Texas, Georgia, New Mexico, Arizona, Nevada and Colorado. The company also has underwriting authority for third-party insurance companies through its Assurance Managing General Agents, Inc. subsidiary. Fed USA, Inc., a wholly owned franchiser company, offers single and master franchise opportunities to individuals to own and operate their own business with the support of two brands, Fed USA Insurance/Financial Services and Express Tax. 21st Century Holding Company operates through a network of 43 agency locations and over 500 independent agents in the state of Florida. The company’s website offers online claims filing, tag and title transfer services as well as auto insurance quotes by e-mail. In recent news, the holding company has sold off its financial centers, which have become Fed USA franchises. This is in keeping with the company’s goal of becoming a multi-state franchiser as the centers have continued to market its insurance and financial services products. In another development, the holding company acquired American Vehicle Insurance Company, a property and casualty insurance firm licensed in Florida and Louisiana. Superior Adjusting, Inc., a wholly owned claims adjusting company of 21st Century Holding Company, had been exclusively handling American Vehicle's claims. Employees function within a commission structure.
BRANDS/DIVISIONS/AFFILIATES: Express Tax Service Assurance Managing General Agents, Inc. Superior Adjusting, Inc. Florida State Discount Auto Title Loans, Inc. FedFirst Lending Company Federated National Insurance Company Fed USA, Inc. American Vehicle Insurance Company
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Edward J. Lawson, CEO Edward J. Lawson, Pres. Samuel A. Milne, CFO Kent Linder, Human Resources Michele V. Lawson, VP-Agency Oper. Ronald A. Raymond, Pres.-Federated National Michele V. Lawson, Treas.
Phone: 954-581-9993 Fax: 954-316-9201 Toll-Free: 800-333-3477 Address: 4161 NW Fifth St., Plantation, FL 33317 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $26,400 ( 9 months) 2001 Profits: $-1,100 ( 9 months) 2000 Sales: $37,600 2000 Profits: $- 500 Stock Ticker: TCHC 1999 Sales: $25,400 1999 Profits: $1,600 Employees: 296 1998 Sales: $20,700 1998 Profits: $1,800 Fiscal Year Ends: 12/31 1997 Sales: $15,700 1997 Profits: $1,000
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Profit Sharing:
Top Exec. Salary: $ Second Exec. Salary: $
Bonus: Bonus:
$ $
Expanding its online services.
Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Southeast: Y
Northeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
www.plunkettresearch.com
151
21ST CENTURY INSURANCE
www.i21.com
Industry Group Code: 524113 Ranks within this company's industry group: Sales: 54 Investments: Broker: Annuities: Inv estment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 73
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Insurance Company-Underwriting Auto Insurance Liability Insurance Property/Casualty Insurance
21st Century Insurance Group, formerly known as 20th Century Industries, is an insurance holding company that sells auto and liability insurance through its subsidiaries. The firm and 21st Century Casualty Company both directly market private passenger automobile liability and physical damage and personal excess liability insurance. The company is one of the largest writers of private passenger auto insurance in California and limits sales of its auto policies to preferred risk applicants. The firm concentrates its advertising and marketing on the Sacramento, San Francisco, San Jose and San Diego areas. The company, including subsidiaries, insures more than 1.1 million automobiles and has an annual renewal rate of existing policyholders of 90%. 21st Century Insurance is ranked as one of the top four vehicle insurance companies in the nation by J.D. Power and Associates and also holds an A+ (superior) rating from A.M. Best, the world's oldest independent authoritative insurance rating and information source. The firm recently announced the redesign, expansion and refinement of its website, i21.com. The fullservice site is an important part of the strategic goal of making affordable car insurance easily accessible, by providing every customer with knowledgeable help any time of the day or night. The website allows potential policyholders to receive real-time free insurance quotes, communicate directly with a 21st Century representative through an interactive chat function, review an extensive frequently asked questions section, and even purchase a car insurance policy online. Current 21st Century customers are able to pay bills by electronic check, add or delete drivers or vehicles, review or change their coverages, report a claim, track account payments and instantly renew vehicle registration with the state Department of Motor Vehicles online. The firm's employees work four and one-half day work weeks and only five hours on Fridays. The company also offers its employees a wellness program.
BRANDS/DIVISIONS/AFFILIATES: 20th Century Industries American Indemnity Financial Corporation Crabtree Premium Finance Company Insurance Brokers & Managers Lafayette Insurance Company United Life Insurance Company Addison Insurance Company
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Bruce W. Marlow, CEO Bruce W. Marlow , Pres. Paul F. Farber, COO Douglas K. Howell, Sr. VP-CFO G. Edward Combs, Sr. VP-Mktg. Richard A. Andre, VP-Human Resources Michael T. Farrell, Chief Info. Officer Michael J. Cassanego, Corp. Sec. Michael J. Cassanego, General Counsel Marina Lubinsky, Mgr.-Internet Bus. Dev. Ric Hill, VP- Public Comm. Margaret Chang, Treas. Dean E. Stark, VP-Claims Michael A. Mobley, VP-California Product Mgr. Tracy Sandin, Government Affairs John L. Ingersoll, VP
Phone: 818-704-3700 Fax: 818-704-3061 Toll-Free: Address: 6301 Owensmouth Ave., Woodland Hills , CA 91367 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $685,300 ( 9 months) 2001 Profits: $13,400 ( 9 months) 2000 Sales: $869,800 2000 Profits: $12,900 Stock Ticker: TW 1999 Sales: $832,700 1999 Profits: $87,500 Employees: 2,501 1998 Sales: $870,650 1998 Profits: $101,072 Fiscal Year Ends: 12/31 1997 Sales: $863,523 1997 Profits: $110,929
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Profit Sharing:
Top Exec. Salary: $ Second Exec. Salary: $ One of the largest writers of private passenger auto insurance in California.
Apparent Women Officers or Directors: 3 Hot Spot for Advancement for Women/Minorities: Y
LOCATIONS: ("Y" = Yes) West: Y
Southwest:
Midwest:
Southeast:
Bonus: Bonus:
$ $
Northeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
152
www.plunkettresearch.com
A B WATLEY GROUP INC
www.abwatley.com
Industry Group Code: 523110 Ranks within this company's industry group: Sales: 35 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Y
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 34
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards : Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Online Financial Services Discount Brokerage
A.B. Watley Group, Inc., formerly Internet Financial Services, Inc. is a multifaceted technological and serviceoriented brokerage firm. A.B. Watley provides large block institutional transactions with real-time data feed and instantaneous execution. The company offers two proprietary online trading systems: Ultimate Trader and Watley Trader. Ultimate Trader enables the self-directed active user in need of real-time information and quick order execution to access NASDAQ Level II data, market maker screens with time and sales, real-time charts and the ability to place orders into various exchanges and electronic communications networks (ECNs). Watley Trader provides 24/7 trading services, pre-market open and post-market close trading, free real-time quotes, automated telephone service trading and research, easy account administration, multiple test portfolio tracking and multipurpose quote, analytics and mutual fund services. Orders are entered, processed and confirmed electronically. A.B. Watley works in partnership with Edgar Online, Cooper Trading, Wall Street on Demand, PC Quote, Market Gems and Briefing.com in order to bring products and services to its clients. The company markets a proprietary technology, called Direct-Access Vertical Exchange (DAVE), to the brokerage and banking industries. This initiative resulted in a licensing agreement with E*TRADE Group, Inc. Historically, revenues have been generated primarily from retail customer transactional fees. In the future, the company anticipates augmenting revenues with licensing and related fees from our corporate clients. Direct-access trading technology provides customers with the opportunity to trade securities directly into various market centers, including exchanges and Electronic Communication Networks (ECNs) without the intervention of a broker. In recent news, the company has acquired direct-access trading firm On-Site Trading, Inc.
BRANDS/DIVISIONS/AFFILIATES: A.B. Watley, Inc. Ultimate Trader Watley Trader Internet Financial Services, Inc. Direct-Access Vertical Exchange On-Site Trading, Inc.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Steve Malin, CEO Robert Malin, Pres. Joseph M. Ramos, CFO Jonathan Priddle, Sr. VP-Sales Leon Ferguson, Exec. VP/CIO Linda J. Malin, General Counsel/Exec. VP Eric Steinberg, Exec.VP-Admin. Anthony G. Huston, Exec.VP- Strategic Planning Peter A. Wigger, Exec. VP-Oper. Leon Ferguson, Sr.VP-CIO
Phone: 212-422-1664 Fax: 212-634-9924 Toll-Free: 888-229-2853 Address: 40 Wall St., New York, NY 10005 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $20,100 ( 9 months) 2001 Profits: $-13,400 ( 9 months) 2000 Sales: $42,753 2000 Profits: $-9,847 Stock Ticker: ABWG 1999 Sales: $21,000 1999 Profits: $- 800 Employees: 144 1998 Sales: $9,200 1998 Profits: $- 600 Fiscal Year Ends: 9/30 1997 Sales: $4,500 1997 Profits: $-1,100
SALARIES/BENEFITS: Pension Plan: Savings Plan:
ESOP Stock Plan: Profit Sharing: Top Exec. Salary: $175,000 Stock Purch. Plan: Y Second Exec. Salary: $150,000 Low Transaction Fees/Proprietary Technology
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Southeast:
Bonus: Bonus:
$5,000 $30,000
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
www.plunkettresearch.com
153
A G EDWARDS INC
www.agedwards.com
Industry Group Code: 523110 Ranks w ithin this company's industry group: Sales: 9 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Y Y
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Y Y
Profits: 9
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Stock Brokerage/Investment Banking Insurance Services Trust Services Mortgages Asset Management
A.G. Edwards, Inc. is a holding company with subsidiaries that provide securities and commodities brokerage, investment banking, asset management and insurance services. Its principal subsidiary, A.G. Edwards & Sons, Inc., is a St. Louis-based financial services company with over 696 locations in 49 states and the District of Columbia. The company serves 2.7 million clients through a network of 7000 financial consultants. A.G. Edwards was ranked the fourth largest brokerage firm in the nation based on its number of branch offices, and the sixth largest firm based on its number of registered representatives. The firm provides a full range of financial products and services to individual and institutional investors. Services offered include business and executive services, stock option services and IRAs. Additionally, mortgage services are provided through a subsidiary as are portfolio planning and professional money management. A.G. Edwards & Sons, Inc. also offers investment banking services to corporate, government and municipal clients through 13 regional offices and its St. Louis headquarters. Through a recent initiative, clients of A.G. Edwards & Sons now have access to personalized web pages offered through their financial consultants, which are tailored to their individual investing needs and interests. The unique services that are an industry-first are a result of extensive upgrades the firm has made to its account-access web site AGeconnect. In other news, A.G. Edwards began offering home mortgage services through an alliance with St. Louis -based Nexstar Financial Corporation. The firm’s clients now have 24-hour access to this facility through the firm’s web site, and the program is currently available in 43 states. Features offered by Nexstar include a faster turnaround on loan decisions and the ability to lock in rates before a loan decision. Over 300 employees have more than $1 million balances in their 401(k) accounts. The firm has been named one of the 100 Best Companies to Work for in America by FORTUNE magazine for the fourth consecutive year. Until this year, the company had no layoffs in its history.
BRANDS/DIVISIONS/AFFILIATES: AGe-connect AGE Commodity Clearing Corp. A.G. Edwards Life Insurance Company Edwards Development Corporation A.G. Edwards Trust Company A.G. Edwards & Sons, Inc. GULL-AGE Capital Group, Inc. Nexstar Financial Corporation
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Robert L. Bagby, CEO Benjamin F. Edw ards IV , Pres. Douglas L. Kelley, CFO Benjamin F. Edwards IV , Dir-Sales and Mktg. Charles J. Galli, Sr. VP/Home Regional Officer Mary V. Atkin, Exec. VP-Info. Tech. Eugene J. King, Asst. Treas./Controller Douglas L. Kelley, Corp. Sec. Douglas L. Kelly, Corp. VP-Law and Compliance Ronald J. Kessler, VP-Oper. Mary V. Atkin, Sr. VP-Corp. Comm. Douglas L. Kelley, Exec. VP-Treas. Terry J. Dessent, Sr. VP-Securities Research Mark A. Keller, VP-Sr. Investment Officer Bill Branson, Jr., Sr. VP-Northeast Regionl Officer Alfred E. Goldman, VP- Market Analysis
Phone: 314-995-3000 Fax: 314-955-2890 Toll-Free: 877-835-7877 Address: 1 North Jefferson, St. Louis , MO 63103-2205 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 12 months. 2001 Sales: $2,839,100 (12 months) 2001 Profits: $287,500 (12 months) 2000 Sales: $2,819,000 2000 Profits: $382,900 Stock Ticker: AGE 1999 Sales: $2,240,799 1999 Profits: $292,117 Employees: 17,000 1998 Sales: $2,004,133 1998 Profits: $269,297 Fiscal Year Ends: 2/28 1997 Sales: $1,696,483 1997 Profits: $219,057
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan: Y
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Profit Sharing: Y
Top Exec. Salary: $450,630 Second Exec. Salary: $248,630 Very large, nationwide network of offices.
Apparent Women Officers or Directors: 2 Hot Spot for Advancement for Women/Minorities: Y
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Bonus: Bonus:
$1,801,309 $1,264,601
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International: Y
154
www.plunkettresearch.com
ABINGTON BANCORP INC www.abingtonsavingsonline.com Industry Group Code: 522110 Ranks within this company's industry group: Sales: 142 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Y
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 143
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking/Savings Associations Consumer/Construction Loans Real Estate Investments Mortgages Securities
Abington Bancorp, Inc. is a one-bank holding company with a primary interest in its ownership and operation of Abington Savings Bank. Abington Savings Bank is a stock-owned savings bank operating in the Massachusetts area. Its principal business is attracting deposits from the general public, borrowing funds, and investing those deposits and funds. In its investments, the bank has emphasized various types of residential and commercial real estate loans, residential construction loans, consumer loans and investments in securities. The company, through Holt Park Place Development Corporation and Norroway Pond Development Corporation, subsidiaries of the bank, owns real estate that it markets for sale. Another subsidiary of Abington Bancorp, Abington Securities Corporation, invests primarily in United States Government obligations and obligations of related agencies and equity securities. The company’s main area of operations is in Plymouth County, Massachusetts. In recent news, Abington Savings Bank opened a new branch in Hanover, Massachusetts. This is the 14th branch of the bank, which is a subsidiary of Abington, and will offer all retail and commercial banking services. In other news, Abington has continued to experience an increase in earnings through growth in revenues from customer service fees, its ability to attract and retain new customers and the firm’s strategy of selling add-on products and services.
BRANDS/DIVISIONS/AFFILIATES: Abington Savings Bank Abington Bancorp Capital Trust Holt Park Place Development Corporation Norroway Pond Development Corporation Abington Securities Corporation Shaw’s Supermarkets
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. James P. McDonough, CEO James P. McDonough, Pres. Kevin M. Tierney, Sr., Exec. VP-COO Robert M. Lallo, Sr. VP-CFO Lewis J. Paragona, VP-Human Resources Stephanie Dunn, VP-MIS Paul D. Amato, Asst. VP-Controller Edward J. Merritt, Exec. VP-Oper. Ruth E. Cook, Human Resources Officer Robert M. Lallo, Exec. VP-Treas. Mario A. Berlinghieri, Sr. VP-Credit Policy Jack B. Meehl, Jr., Sr. VP-Bus. Banking Cynthia A. Mulligan, Sr. VP-Consumer Banking
Phone: 781-982-3200 Fax: 781-447-5243 Toll-Free: 800-782-7291 Address: 536 Washington St., Box 2006, Abington, MA 02351 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $46,300 ( 9 months) 2001 Profits: $3,700 ( 9 months) 2000 Sales: $57,200 2000 Profits: $4,500 Stock Ticker: ABBK 1999 Sales: $49,600 1999 Profits: $4,100 Employees: 182 1998 Sales: $45,300 1998 Profits: $4,400 Fiscal Year Ends: 12/31 1997 Sales: $41,300 1997 Profits: $4,400
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Profit Sharing:
Top Exec. Salary: $292,898 Second Exec. Salary: $161,050 Expanding through the opening of supermarket bank offices.
Apparent Women Officers or Directors: 3 Hot Spot for Advancement for Women/Minorities: Y
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Southeast:
Bonus: Bonus:
$116,000 $54,208
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
www.plunkettresearch.com
155
ABN AMRO HOLDING NV
www.abnamro.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 5 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 7
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Investment Banking
ABN AMRO is a Europe-based banking group, ranked eighth in that continent and seventeenth in the world. It operates over 3,500 branches in three business units around the globe. Its wholesale banking segment operates global investment and corporate banking activities for business and institutional clients. The consumer and commercial segment is responsible for retail and small- to medium -sized enterprise banking activities. Its over 10 million clients represent a range of markets and economies, and comprise more than 30% of the commercial banking market in both the Netherlands and the U.S. Midwest. ABN AMRO also provides banking, investment and asset management services for private clients of high-net worth. These three fundamental units represent a change in operating strategy for the company, as it has recently analyzed its operations for maximum profitability. ABN AMRO recently sold its activities in Bahrain to BankMuscat and plans to sell its Kenya operations to Citibank, all as part of the focus on allocating resources to those markets generating the highest yields for the bank and investors. Similar divestitures are being seen in Greece with ABN AMRO Securities and the Chilean and Venezuelan operations. The company recently acquired Mellon Business Credit, the asset-based lending unit of Mellon Financial Corporation. The new subsidiary will be managed by LaSalle Business Credit, a subsidiary of Chicago-based LaSalle Bank, and will carry the LaSalle name. ABN AMRO also purchased the prime brokerage, corporate finance, domestic equities, and futures and options businesses of ING Barings in North America. Much of the recent expansion in the past two years has taken place in Europe and Asia.
BRANDS/DIVISIONS/AFFILIATES: De Dietrich & Cie LaSalle Bank N.A. Standard Federal Bank, N.A. Bank of Asia ABN AMRO Asset Management Michigan National Bank EAB
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. R. W. J. Groenink, CEO T. de Swaan, CFO H. Duijn, Corp. Sec. G.L. Zeilmaker, Chief Accounting Officer Regis Bello, CEO, De Dietrich & Cie Norman R. Bobins, Pres./CEO, LaSalle Bank N.A. Scott K. Heitmann, CEO, Standard Federal Bank, N.A.
Phone: +31-20-628-9898 Fax: +31-20-628-1229 Toll-Free: Address: Foppingadreef 22, Amsterdam , The Netherlands
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for months. 2001 Sales: $ ( months) 2001 Profits: $ ( months) 2000 Sales: $44,218,000 2000 Profits: $2,353,000 Stock Ticker: ABN 1999 Sales: $36,232,000 1999 Profits: $2,594,000 Employees: 1998 Sales: $36,121,600 1998 Profits: $2,131,600 Fiscal Year Ends: 12/31 1997 Sales: $ 1997 Profits: $
SALARIES/BENEFITS: Pension Plan: Savings Plan:
ESOP Stock Plan: Stock Purch. Plan:
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Top Exec. Salary: $ Second Exec. Salary: $ One of the world's largest banking groups.
Apparent Women Officers or Directors: Hot Spot for Advancement for Women/Minorities:
Profit Sharing:
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Bonus: Bonus:
Southeast: Y
$ $
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International: Y
156
www.plunkettresearch.com
ACCENTURE
www.accenture.com
Industry Group Code: 541611 Ranks within this company's industry group: Sales: 1 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 1
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Y
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Consulting Services Management Consulting Services Technology Consulting Services and Solutions Venture Capital
Accenture, formerly Andersen Consulting, is a leading provider of management and technology consulting services and solutions. The company has more than 110 offices in 46 countries, providing customers with a wide range of consulting, technology and outsourcing services. Accenture serves 84 of the Fortune Global 100 as well as more than half of the Fortune Global 500. Clients of the company include AT&T, Microsoft, Sony, Sprint, Bank of America, London Stock Exchange, Visa, Daimler Chrysler, the City of Boston, U.S. Postal Service and the U.S. Department of Commerce. The firm delivers services and solutions through five global market units including Communications and High Tech, Financial Services, Products, Resources and Government, which together compromise 18 industry groups. Accenture offers its customers eight primary service lines including strategy and business architecture, customer relationship management, supply chain management, human performance, finance and performance management, technology research and innovation, solutions engineering and solutions operations. Moreover, the company has over 150 alliances with leading technology-related solutions providers around the world. Through its strategic alliances, Accenture is able to offer an unparalleled array of technology solutions to meet its clients’ diverse business needs. The company was recently awarded a $453 million contract from a consortium of California counties, including San Bernardino, Riverside, Stanislaus and Merced, to design, build, deploy and operate the C-IV system, a fully automated human services information system. Accenture looks for self-motivated applicants and cites that as a major part of an individual's growth in the company. It provides training for a full range of learning -from basic understanding of an industry segment to deep understanding of future trends and knowledge of how best to serve clients in a changing marketplace. The company covers a wide variety of industries and places an emphasis on hiring recent college graduates. Accenture also offers creative solutions to help employees balance work and personal commitments.
BRANDS/DIVISIONS/AFFILIATES: Andersen Consulting Accenture Technology Ventures
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Joe W. Forehand, CEO Stephan A. James, COO Harry L. You, CFO James E. Murphy, Managing Dir.-Mktg. Jose Luis Manzanares, Managing Partner-IT Douglas G. Scrivner, Corp. Sec. Douglas G. Scrivner, General Counsel Thomas H. Pike, Managing Partner-Growth & Strategy James E. Murphy, Managing Dir.-Comm. Michael G. McGrath, Treas. Mary A. Tolan, Managing Partner-Resources Global Market Unit Tim Breene, Managing Partner-Global Service Lines Gregg G. Hartemayer, Managing Partner-Products Global Market Unit Jon M. Conahan, Managing Partner-Strategic Matters
Phone: 441-296-8262 Fax: 441-296-4245 Toll-Free: Address: Cedar House, 41 Cedar House, Hamilton, HM12 Bermuda
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $10,141,600 ( 9 months) 2001 Profits: $1,427,200 ( 9 months) 2000 Sales: $9,752,100 2000 Profits: $2,463,900 Stock Ticker: ACN 1999 Sales: $9,549,900 1999 Profits: $2,022,700 Employees: 70,000 1998 Sales: $8,214,800 1998 Profits: $1,685,300 Fiscal Year Ends: 8/31 1997 Sales: $6,275,000 1997 Profits: $1,242,000
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Top Exec. Salary: $4,600,000 Bonus: Second Exec. Salary: $4,200,000 Bonus: One of the world's largest consulting firms/First class client base worldwide.
Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
Profit Sharing: Y
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
$ $
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International: Y
www.plunkettresearch.com
157
ACCEPTANCE INSURANCE COS
www.aicins.com
Industry Group Code: 524113 Ranks within this company's industry group: Sales: 81 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 105
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Insurance Company-Underwriting Crop Insurance Property/Casualty Insurance Specialty Insurance Reinsurance
Acceptance Insurance Companies (Acceptance), operating through independent agents in 46 states, the District of Columbia, Puerto Rico and the Virgin Islands, underwrites and sells specialty property and casualty insurance for markets with unusual needs. The company operates in four segments: General Agency, Crop Insurance, Program Division and Non-Standard Automobile. The General Agency segment offers automobile, surplus lines liability and substandard property, and complex products and professional liability coverages, which are offered through the firm’s nationwide branch of agents. The company’s Crop Insurance segment offers Multi-Peril Crop Insurance and Crop Hail Insurance, marketed by over 9,000 independent insurance agents, making the company the third largest writer of crop insurance products in the United States. Under its Program Division, the firm offers a number of diversified coverages, such as transportation, focused workers’ compensation and used automobile dealer programs. The Non-Standard Automobile segment provides coverages for private passenger automobiles and is written principally in the southwestern United States. As part of a new business strategy, the company has been restructuring its property and casualty operations in order to increase profitability. Acceptance recently acquired all crop insurance assets and the assumption of certain crop insurance and reinsurance liabilities of IGF Insurance Company, a subsidiary of Symons International Group, Inc. In other news, the company sold two of its insurance companies to McM Corporation, a Raleigh, North Carolina based insurance holding company. The firm also sold the majority of its property and casualty business to Insurance Corporation of Hannover, a member of the Hannover Re group. Employees are offered dental insurance as well as education assistance. An employee referral program is also available.
BRANDS/DIVISIONS/AFFILIATES: Phoenix Indemnity Insurance Company Redland Insurance Company Acceptance Casualty Insurance Company American Growers Insurance Company Hannover Re Group (The) McM Corporation IGF Insurance Company Symons International Group, Inc.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. John E. Martin, CEO John E. Martin, Pres. John P. Nelson, COO Dwayne Hallman, CFO Dennis G. Daggett, Chief Mktg. Officer Charles E. Boyle, CIO J. Michael Gottschalk, Chief Legal Counsel James K. Petersen, Chief Admin. Officer Joseph G. Smith, VP - Budget, Audit and Strategic Planning William J. Gerber, VP-Investor Rel. Dwayne Hallman, Treas. Michael R. Johnson, Chief Field Services Officer
Phone: 402-344-8800 Fax: 402-345-9190 Toll-Free: 800-228-7217 Address: 222 S. 15th St., Ste. 600 N, Omaha, NE 68102 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $45,400 ( 9 months) 2001 Profits: $-14,200 ( 9 months) 2000 Sales: $213,500 2000 Profits: $-28,800 Stock Ticker: AIF 1999 Sales: $284,000 1999 Profits: $-36,000 Employees: 776 1998 Sales: $363,189 1998 Profits: $5,536 Fiscal Year Ends: 12/31 1997 Sales: $370,552 1997 Profits: $35,313
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Y Profit Sharing: Top Exec. Salary: $250,000 Stock Purch. Plan: Y Second Exec. Salary: $184,412 Offers a number of diversified services.
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Apparent Women Officers or Directors: Hot Spot for Advancement for Women/Minorities:
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Bonus: Bonus:
$ $
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
158
www.plunkettresearch.com
ACE CAPITAL RE
www.capitalrecorp.com
Industry Group Code: 524130 Ranks within this company's industry group: Sales: Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits:
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Reinsurance Mortgage Reinsurance Specialty Lines Financial Guaranty Insurance
Ace Capital Re, formerly known as Capital Re Corporation, is a financial insurance and reinsurance company providing innovative and technical solutions to problems of risk and financial management. Its principal subsidiaries are variously rated in financial strength and include triple A, double A and A rated legal vehicles. Subsidiaries Capital Reinsurance and KRE (Bermuda) Ltd. reinsure financial guaranties of investment-grade debt obligations. Subsidiary CRC Capital manages five underwriting syndicates on the Lloyd's exchange. Ace Capital Re is primarily engaged in financial guaranty reinsurance, mortgage guaranty reinsurance, financial lines (re) insurance and related products, including title, credit and specialty reinsurance. Ace Capital Re provides value - added solutions through highly structured products facilitated by specialized underwriting expertise and characterized by innovation and supported by the highest credit ratings. Since its formation in 1988, Ace Capital Re has consistently delivered superior financial performance, meeting or exceeding investor expectations. Annualized earnings growth in the mid-teens has been sustained by the company's diversification through internal product development acquisition and strategic investment. The company recently merged with and became a subsidiary of Ace Limited.
BRANDS/DIVISIONS/AFFILIATES: Capital Re Corporation Capital Mortgage Reinsurance Company KRE Reinsurance Capital Credit Reinsurance Company Capital Title Reinsurance RGB Underwriting Agencies Ltd. Ace Limited Capital Reinsurance Company
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Jerome F. Jurschak, CEO Joseph W. Swain, Pres. David A. Buzen, CFO Alan S. Roseman, Sr. VP/General Counsel/Sec. David A. Buzen, Treas.
Phone: 212-974-0100 Fax: 212-581-3268 Toll-Free: Address: 1325 Avenue of the Americas , New York, NY 10019 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for months. 2001 Sales: $ ( months) 2001 Profits: $ ( months) 2000 Sales: $ 2000 Profits: $ Stock Ticker: Subsidiary 1999 Sales: $ 1999 Profits: $ Employees: 1998 Sales: $234,945 1998 Profits: $41,542 Fiscal Year Ends: 12/31 1997 Sales: $181,461 1997 Profits: $70,052
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Profit Sharing: Y
Top Exec. Salary: $ Bonus: $ Second Exec. Salary: $ Bonus: $ Diversification through internal product development acquisition and strategic investment.
Apparent Women Officers or Directors: 3 Hot Spot for Advancement for Women/Minorities: Y
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Southeast:
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International: Y
www.plunkettresearch.com
ACE CASH EXPRESS INC
www.acecashexpress.com
Industry Group Code: 522390 Ranks within this company's industry group: Sales: 1 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
159 Profits: 1
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Y Y
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Check Cashing Money Orders Wire Transfers Electronic Tax Filing Bill Payment Processing Tax Refund Anticipation Loans Telecommunications Products Franchising
ACE Cash Express, Inc. is the largest chain of check cashing stores in the United States. ACE’s network includes 995 company-owned stores and 175 franchised stores in 29 states with a large concentration in Texas. The company’s primary business is check-cashing services for payroll, government assistance, tax refunds and insurance checks. In addition to its primary business, ACE is also an agent for the transmission and receipt of wire transfers through the MoneyGram network. Other services include money order sales, lottery tickets, public transportation passes, copying and fax transmission services and postage stamps, pagers, prepaid long distance telephone cards and local phone service. The company also offers small consumer loans to consumers with limited access to other sources of credit. ACE shares strategic partnerships with numerous firms that include Travelers Express, MoneyGram, Comm South and Instant Auto Insurance. The company believes that the area of financial services in which it operates has great potential for growth, according to surveys suggesting that over 1/3 of the U.S. population has no relationship with a bank. In a recent development, ACE announced plans to close approximately 84 unprofitable or under-performing stores, which would represent about 8% of the firm’s owned locations. However overall, the company continues to expand its network of owned and franchised stores nationwide. ACE recently became the first operator to deploy the new Expanded Transaction Center units (ETC) by Diebold, Incorporated. The ETC sidecar works in conjunction with certain Diebold advanced-function automated teller machines, to transform them into multifunctional self-service destinations where ACE customers can cash checks. The ETC allows deployers to offer customers additional services through a convenient delivery channel, while also increasing opportunities for fee revenue for the stores. Due to increasng expansion, the company is continually seeking franchise operators for select markets.
BRANDS/DIVISIONS/AFFILIATES: Check Express A-C-E America's Cash Express Quick Cash ACE Bill Pay Instant Auto Insurance Diebold, Incorporated
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Donald H. Neustadt, CEO Jay B. Shipowitz , Pres. Jay B. Shipowitz , COO Joe W. Conner, Sr. VP-CFO Eric C. Norington, VP-Mktg. T.J. Carter, VP-Human Resources Joe B. Edwards, VP-Info. Systems/CIO Raymond E. McCarty, Exec. VP-Oper. Eric C. Norrington, VP-Corp. Comm. Darla D. Smotherman, Dir.-Investor Rel. Barry M. Barron, Sr. VP-Store Oper. Wanda Palmer-Strong, VP-Cash Mgmt. Susan S.Pressler, VP Michael Lawrence, Asst. VP-Store Services
Phone: 972-550-5000 Fax: 972-550-5150 Toll-Free: Address: 1231 Greenway Dr., Ste. 800, Irving, TX 75038-7594 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 12 months. 2001 Sales: $196,800 (12 months) 2001 Profits: $ 600 (12 months) 2000 Sales: $140,600 2000 Profits: $8,300 Stock Ticker: AACE 1999 Sales: $122,300 1999 Profits: $8,300 Employees: 2,397 1998 Sales: $100,194 1998 Profits: $6,402 Fiscal Year Ends: 6/30 1997 Sales: $87,392 1997 Profits: $4,766
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Profit Sharing:
Top Exec. Salary: $338,650 Second Exec. Salary: $262,695 Competitive growth rate/Offers numerous services.
Apparent Women Officers or Directors: 3 Hot Spot for Advancement for Women/Minorities: Y
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Bonus: Bonus:
$ $
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
160
www.plunkettresearch.com
ACMAT CORPORATION
www.acmatcorp.com
Industry Group Code: 524113 Ranks within this company's industry group: Sales: 111 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 87
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Insurance Company-Underwriting Building Contractor Renovations Financing
ACMAT Corporation operates as an insurance holding company and also acts as an interior contractor, designing, supplying, renovating and installing interiors for commercial, industrial and institutional buildings, including asbestos abatement contracting. ACMAT’s Insurance Group includes United Coastal Insurance, ACSTAR and AMINS, Inc. United Coastal Insurance is an excess and surplus lines property and casualty insurer providing general and environmental liability insurance to specialty trade and environmental contractors, pre-owners, storage and treatment facilities and allied professionals, as well as professional liability insurance to architects, engineers and consultants. ACSTAR is licensed as an admitted insurer in 49 states and the District of Columbia. AMINS, Inc. is an insurance agency that acts primarily as a general agent for ACSTAR and United Coastal Insurance. United Coastal Insurance participates in a number of reinsurance arrangements with other companies on a quota share basis. These arrangements primarily cover marine and other property catastrophic risks. The firm’s customers include commercial and retail facilities, universities and hospitals. Projects currently being worked on include a municipal facility and several schools. ACMAT provides dental and preventative care to its employees.
BRANDS/DIVISIONS/AFFILIATES: ACSTAR Insurance Company United Coastal Insurance Company AMINS, Inc. United Coasts Corporation ACSTAR Bonding ACMAT Contracting
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Henry W. Nozko, Sr., CEO Henry W. Nozko, Jr., Exec. VP/COO Michael P. Cifone, VP-Finance Maurice C. Shea, Controller Robert Frazer, VP-Corp. Sec. Robert Frazer, VP-General Counsel Henry W. Nozko, Jr., Treas. David A. Price, VP Arthur C. Cosmas, Sr. Environmentalist Ray A. Suite, Mgr.-Estimating Robert Winchell, Mgr.-Building
Phone: 860-229-9000 Fax: 860-229-1111 Toll-Free: Address: 233 Main Street, New Britain, CT 06050-2350 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $20,500 ( 9 months) 2001 Profits: $1,400 ( 9 months) 2000 Sales: $26,300 2000 Profits: $2,200 Stock Ticker: ACMTA 1999 Sales: $25,500 1999 Profits: $3,000 Employees: 30 1998 Sales: $28,752 1998 Profits: $2,121 Fiscal Year Ends: 12/31 1997 Sales: $33,552 1997 Profits: $4,457
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Profit Sharing:
Top Exec. Salary: $460,700 Second Exec. Salary: $332,000
Bonus: Bonus:
$ $
Licensed in 49 states.
Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Southeast:
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
www.plunkettresearch.com
161
ACTRADE FINANCIAL TEHCNOLOGIES LTD Industry Group Code: 522220A Ranks within this company's industry group: Sales: 10 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Y
www.acrt.com
Profits: 6
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Leasing/Financing-Business Equipment, Cars, Trucks Sale of Trade Agreements Air Conditioning Equipment Trade Broker
Actrade Financial Technologies, Ltd., (formerly Actrade International, Ltd.,) engages in the development and commercialization of new trade-financing services. The company’s two major products are the electronic trade acceptance draft (E-TAD) and the negotiable international check (NIC). The products were created to fill the gap between cash on delivery (COD) and open account forms of payment between buyers and suppliers. E-TAD enables buyers to arrange for financing and payment online with terms of up to six months, while sellers receive immediate payment. Additionally, E-TAD facilitates secure and streamlined online settlement through buyers and sellers' banks. The NIC program is similar to the TAD program, but was created with foreign currency transactions in mind. The NIC forces the buyer to account for differences in currency value so that neither Actrade nor the supplier suffer financially as a result of changes in foreign currency value. The firm’s International Merchandise Trade division purchases and re-sells the products of both U.S. and foreign-based manufacturers, through the application of specialized trade finance techniques. In recent news, Actrade Capital, Inc., a subsidiary of Actrade Financial Technologies, and GNYHA Services, Inc., a subsidiary of Greater New York Hospital Association, announced an agreement to bring Actrade's E-TAD payment solution to GNYHA's member institutions. GNYHA is a trade association that represents over 200 not-for-profit and public hospitals and long-term care facilities in the New York metropolitan area. In other news , Actrade has continued to achieve record growth earnings and profitability. The company was ranked fifth by Forbes on its list of America's 200 Best Small Companies.
BRANDS/DIVISIONS/AFFILIATES: E-TAD NIC Actrade International, Ltd. Allstate Travel Actrade Resources Actrade Capital, Inc. GNYHA Services, Inc. Actrade Financial Technologies
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Amos Aharoni, CEO Alexander C. Stonkus, Pres. Joseph P. D'Alessandris , CFO Michael V. Miele, Exec. VP-Sales Doug Schoch, Human Resources Ze'ev Lotan, Exec. VP-Tech. Elizabeth Melnick, Corp. Sec. Mitch Menik, Mgr-Investor Rel. Alexander C. Stonkus, Pres.-Actrade Capital John Woerner, Pres.-Actrade International Corp. David J. Askin, Exec. VP-External Affairs
Phone: 212-563-1036 Fax: 212-563-3271 Toll-Free: Address: Seven Penn Plaza, Ste. 422, New York, NY 10001 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 12 months. 2001 Sales: $55,800 (12 months) 2001 Profits: $21,400 (12 months) 2000 Sales: $29,400 2000 Profits: $11,300 Stock Ticker: ACRT 1999 Sales: $14,600 1999 Profits: $6,200 Employees: 65 1998 Sales: $8,100 1998 Profits: $4,417 Fiscal Year Ends: 6/30 1997 Sales: $4,000 1997 Profits: $1,904
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Top Exec. Salary: $174,485 Second Exec. Salary: $160,000 Unique products assist in accounts receivable processing.
Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
Profit Sharing:
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Southeast: Y
Bonus: Bonus:
$ $
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International: Y
162
www.plunkettresearch.com
ADVANTA CORP
www.advanta.com
Industry Group Code: 522210 Ranks within this company's industry group: Sales: 6 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 9
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
Y
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Credit Card Issuing Banking/Savings Associations Credit Insurance Venture Capital
Advanta Corp. operates two banks, Advanta National Bank USA and Advanta Financial Corp. The company also offers corporate credit cards for small businesses, credit insurance products and venture capital investment. Current business credit card products include a no-fee platinum card and a no-fee executive card, both of which feature online customer service. A bonus miles card, which gives small businesses the ability to turn business expenses into free travel, is also available. Through its Advanta Partners LP subsidiary, the company is actively seeking opportunities for investment in companies operating in the fields of information technology and ecommerce services, as well as transaction processing and niche finance and insurance. To this end, the firm si currently financing several companies through joint ventures. These include USADATA.com, HookMedia, MediaBrains.com, JDR Holdings, Harmonic Systems and HNC Software. Chase Manhattan Mortgage Corporation, a subsidiary of J.P. Morgan Chase & Co., recently acquired the mortgage business of Advanta. Proceeds of over $1 billion were raised, which are going to be used by the bank to focus on its credit card business, as well as to pay off debt. In other news, subsidiary Advanta Business Receivables Corp. priced a multi-million dollar business credit card securitization that is backed by receivables in revolving business credit card accounts, which originate from the parent company. With this move, the company anticipates receiving ratings from Standard & Poor's and Moody's, and will continue to retain the servicing and customer relationships of the revolving business credit card accounts. Employees are offered dental, vision and prescripition drug coverage. Advanta also offers its employees tuition reimbursement and dependent care flexible spending accounts.
BRANDS/DIVISIONS/AFFILIATES: Colonial National Bank USA Advanta National Bank USA Advanta Financial Corp. Advanta Insurance Companies Advanta Partners LP HNC Software USADATA.com Chase Manhattan Mortgage Corporation
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Dennis Alter, CEO William Rosoff, Pres. Philip M. Browne, Sr. VP/CFO Katharin S. Dyer, VP-Mktg. John B. Hofmann, VP-Human Resources Jeffrey E. Keisling, CIO E.H. Mai, Sr. VP/Counsel Christopher S. Derganc, Sr. VP-Corp. Admin. J.D. Beck, VP/Treas. John J. Calamari, VP-Finance/Chief Acc. Officer Gary H. Neems , Managing Dir. Todd J. Morrissey, Associate Robert L. Berstein, Associate
Phone: 215-657-4000 Fax: 215-444-6121 Toll-Free: Address: Welsh & McKean Roads, P.O. Box 844, Spring House, PA 19477 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $218,400 ( 9 months) 2001 Profits: $-78,400 ( 9 months) 2000 Sales: $293,181 2000 Profits: $-156,684 Stock Ticker: ADVNB 1999 Sales: $209,954 1999 Profits: $49,818 Employees: 2,649 1998 Sales: $793,198 1998 Profits: $447,880 Fiscal Year Ends: 12/31 1997 Sales: $986,626 1997 Profits: $71,625
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Y Profit Sharing: Top Exec. Salary: $595,000 Bonus: Stock Purch. Plan: Y Second Exec. Salary: $400,000 Bonus: One of the largest issuers of credit cards/Focus on cards for small business.
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast:
$422,750 $267,775
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International: Y
www.plunkettresearch.com
163
ADVEST GROUP INC
www.advest.com
Industry Group Code: 523110 Ranks within this company's industry group: Sales: 18 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Y Y
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 19
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Stock Brokerage/Investment Banking Trust Services Residential Lending Savings Bank Real Estate Services
Advest Group, Inc. is a financial services holding company engaged in securities brokerage, trading, investment banking, asset management, trust and other financial services. The company’s subsidiaries include Advest, Inc., Advest Bank and Trust Company, which is a federal savings bank; Boston Advisors, an investment management company; and Billings & Company, Inc., a real estate services company. Specific services include retail brokerage, institutional sales, origination of and participation in underwritings and distribution of corporate and municipal securities, market making and trading activities in equities and fixed income securities, research, asset management research, custody and money management. Advest maintains retail clients in all 50 states, with the largest concentration in the Northeast and Midwest regions. The company also services institutional accounts throughout the country. Advest was recently acquired by The MONY Group, Inc, which is a full-service financial firm with $55 billion in assets under management and administration. The MONY Group focuses primarily on offering customized financial solutions, and its member companies include MONY Life Insurance Company, Matrix Capital Markets Group, Enterprise Capital Management, Inc., U.S. Financial Life Insurance Company, MONY Securities Corporation and Trusted Securities Advisors Corp. In a move to enhance the service capabilities of its financial advisors, Advest recently announced plans to outsource most of its brokerage processing operations to Wexford Clearing Services Corporation. The outsourcing initiative will enable the company to enhance the operational and technological support it provides to its advisors and clients in areas such as client account statements, online account capabilities and trade execution. In other news, the firm recently acquired Lebenthal & Co., a New York-based full-service investment firm that specializes in municipal bonds. Client assets at the firm total $5.1 billion.
BRANDS/DIVISIONS/AFFILIATES: Advest Bank and Trust Company Hudson United Bank Billings & Company, Inc. Advest Group, Inc. Boston Advisors Wexford Clearing Services Corporation MONY Group (The) Lebenthal & Co.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Grant W. Kurtz, CEO Grant W. Kurtz, Pres. Martin M. Lilienthal, Exec. VP-CFO Lee G. Kuckro, Corp. Sec. Lee G. Kuckro, Exec. VP-General Counsel Allen G. Botwinick, Exec. VP-Admin. and Oper. Martin M. Lilienthal, Exec. VP/Treas. George A. Boujoukos , Sr. Exec. VP- Capital Markets, Advest Inc. Harry H. Branning, Sr. Exec. VP-National Sales Mgr. Daniel J. Mullane, Pres.-Private Client Group
Phone: 860-509-1000 Fax: 860-509-2028 Toll-Free: 800-243-8115 Address: 90 State House Square, Hartford, CT 06103-3702 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for months. 2001 Sales: $ ( months) 2001 Profits: $ ( months) 2000 Sales: $418,800 2000 Profits: $21,000 Stock Ticker: Subsidiary 1999 Sales: $335,200 1999 Profits: $13,600 Employees: 2,350 1998 Sales: $325,228 1998 Profits: $17,952 Fiscal Year Ends: 9/30 1997 Sales: $291,207 1997 Profits: $14,932
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Y Profit Sharing: Top Exec. Salary: $275,000 Bonus: Stock Purch. Plan: Second Exec. Salary: $200,000 Bonus: Over 75 offices in 16 states/Broad range of financial services./Acquired by MONY.
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Apparent Women Officers or Directors: Hot Spot for Advancement for Women/Minorities:
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest: Y
Southeast: Y
$796,200 $404,000
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International: Y
164
www.plunkettresearch.com
AETNA INC
www.aetna.com
Industry Group Code: 524113 Ranks within this company's industry group: Sales: 6 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 40
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Proces sor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Insurance Company-Underwriting Health Insurance Group Life and Disability Insurance Dental Insurance Managed Care Products
Aetna, Inc. is the nation's largest health benefits company (based on membership). Aetna offers health-care, group life, dental, pharmacy, disability and long-term care insurance. It covers more than 19 million people under its health plans, more than 14 million under its dental plan and about 11 million under its group plan. Recently, Aetna sold its financial services and international businesses. Aetna U.S. Healthcare is the provider of the health care insurance plans, while Aetna Group Insurance provides life, disability and long term care plans. Besides providing different insurance plans, Aetna U.S. Healthcare also provides health benefits products, patient management programs, health management programs and supplemental programs. Aetna provides its members with access to health care services through networks of independent health care providers, with which the company contracts. InteliHealth.com, the web site partnership between Aetna U.S. Healthcare and Johns Hopkins University and Health Systems, is the top source for health information on the World Wide Web. Aetna has several employee diversity networks, including the African American Employee Network and the Gay and Lesbian Employee Network, and those aspects have been the focus of various awards. The company seeks creative, independent thinkers who will do well in a fastpaced business environment.
BRANDS/DIVISIONS/AFFILIATES: Aetna U.S. Healthcare Aetna Group Insurance InteliHealth.com
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. John W. Rowe, CEO John W. Rowe, Pres. Alan Bennett, Interim CFO Elease E. Wright, Sr. VP-Human Resources Alan Bennett, Controller William J. Casazza, VP/Corp. Sec. L. Edward Shaw Jr., Exec. VP/General Counsel Ronald A. Williams , Exec. VP/Chief of Health Oper. Roger Bolton, Sr. VP-Comm. Dennis Oakes, VP-Investor Relations William C. Popik, Sr. VP/Chief Medical Officer Vanda B. McMurtry, Sr. VP-Federal Gov. Rel. Tomothy A. Holt, Sr. VP-Investment Mgmt. Group
Phone: 860-273-0123 Fax: 860-275-2677 Toll-Free: 800-872-3862 Address: 151 Farmington Ave., Hartford, CT 06156 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $19,151,000 ( 9 months) 2001 Profits: $-92,000 ( 9 months) 2000 Sales: $26,818,900 2000 Profits: $127,100 Stock Ticker: AET 1999 Sales: $22,109,700 1999 Profits: $716,500 Employees: 40,700 1998 Sales: $16,589,000 1998 Profits: $846,800 Fiscal Year Ends: 12/31 1997 Sales: $14,674,000 1997 Profits: $899,500
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Profit Sharing: Top Exec. Salary: $1,000,000 Stock Purch. Plan: Y Second Exec. Salary: $750,000 Largest managed care company in the U.S.
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Bonus: Bonus:
$6,000,000 $1,100,000
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
www.plunkettresearch.com
165
AFFILIATED MANAGERS GROUP
www.amg.com
Industry Group Code: 523920 Ranks within this company's industry group: Sales: 8 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 10
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Investment Management/Mutual Funds
Affiliated Managers Group (AMG) is an asset management company that maintains growth through persistent acquisitions. Specifically, the company acquires interests in mid-sized investment management firms, whereby it allows individual members of each affiliate's management team to retain direct ownership in its company, while maintaining operating autonomy. In turn, AMG provides centralized assistance to its affiliates in strategic matters, marketing, distribution, product development and operations. Currently, the company has control in 17 affiliates, with assets totaling at about $70 billion. The affiliates include: The Burridge Group, Davis Hamilton Jackson and Associates, Essex Investment Management Company, First Quadrant, Frontier Capital Management, GeoCapital, Gofen and Glossberg, J.M. Hartwell, The Managers Funds, Paradigm Asset Management, Rorer Asset Management, Skyline Asset Management, Systematic Financial Management and Tweedy Browne Company. Recently, Affiliated Managers Group announced that its affiliate, Cincinnati-based Renaissance Investment Management has completed its merger with Bowling Portfolio Management, Inc. Bowling will resume its investments in large-cap value equities and Renaissance will maintain its focus upon growth equity and tactical asset allocation strategies. Under the terms of agreement, AMG will own a majority of the combined firm. In other news, the company has completed its acquisition of majority interests in Welch and Forbes, Inc., an investment management firm and Friess Associates, a growth equity investment firm. Notably, Fortune magazine recognized the company as among the 100 Fastest Growing Companies. In the list, Affiliated Managers Group is ranked first among all financial services companies.
BRANDS/DIVISIONS/AFFILIATES: Renaissance Investment Management Bow ling Portfolio Management Welch and Forbes, Inc. Paradigm Asset Management Company, LLC Friess Associates, LLC GeoCapital, LLC Skyline Asset Management, L.P. Systematic Financial Management, L.P.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. William J. Nutt, CEO Sean M. Haley, Pres. Sean M. Haley, COO Darrell W. Crate, CFO/Exec. VP Pam Price, Human Resources Nathaniel Dalton, General Counsel Linda K. Simpson, VP Daniel J. Shea, VP Dean J. Patenaude, VP Jeffrey S. Murphy, VP
Phone: 617-747-3300 Fax: 617-747-3380 Toll-Free: Address: 2 International Place, 23rd Fl., Boston, MA 02110 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $297,800 ( 9 months) 2001 Profits: $37,400 ( 9 months) 2000 Sales: $458,700 2000 Profits: $56,700 Stock Ticker: AMG 1999 Sales: $518,700 1999 Profits: $72,200 Employees: 657 1998 Sales: $238,500 1998 Profits: $25,600 Fiscal Year Ends: 12/31 1997 Sales: $95,300 1997 Profits: $-8,400
SALARIES/BENEFITS: Pension Plan: Savings Plan:
ESOP Stock Plan: Stock Purch. Plan:
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Profit Sharing:
Top Exec. Salary: $600,000 Second Exec. Salary: $475,000
Bonus: Bonus:
$1,875,000 $1,500,000
Rapid growth through acquisitions.
Apparent Women Officers or Directors: 2 Hot Spot for Advancement for Women/Minorities: Y
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast:
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International: Y
166
www.plunkettresearch.com
AFLAC INC
www.aflac.com
Industry Group Code: 524113 Ranks within this company's industry group: Sales: 16 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 18
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Underwriting-Supplemental Medical Supplemental Health Insurance General Medical Expense Plans Living Benefit Life Plans Cancer Insurance Medicare Supplement Insurance
A Fortune 500 company, AFLAC Incorporated insures more than 40 million people worldwide through its principal subsidiary, AFLAC (American Family Life Assurance Company of Columbus). It is a leading writer of supplemental insurance marketed at the worksite in the U.S., offering policies to employees at over 187,000 payroll accounts. The company is also the largest foreignbased insurer in Japan. The Japanese sales are centered in a system in which an employer forms a subsidiary to sell insurance to it workers. AFLAC’s insurance is designed for people who already have major medical or primary insurance coverage. The company’s health insurance plans are guaranteed renewable for the lifetime of the policyholder. AFLAC currently offers a series of four different cancer plans in the U.S. AFLAC U.S. sells other types of supplemental health insurance, including hospital intensive care, accident and disability, hospital indemnity, long-term care, short-term care disability and dental plans. AFLAC Japan sells cancer plans, care plans, supplemental general medical expense plans, medical/sickness riders to its cancer plan and a living benefit life plan. The firm is famous for its commercials with the AFLAC duck and has recently launched its seventh commercial and also one in Japan to promote the debut of AFLAC’s first accident policy there. AFLAC offers employees an on-site childcare center, the largest in Georgia, with a parents’ advisory council, ongoing training and community activities. The company has an open-door policy and a team culture. In addition, the company hosts an employee appreciation week during the spring, with free breakfast, drawings and prizes such as TVs, cash and trips. The company's training programs are considered the best in the insurance sector by Training Magazine. AFLAC offers over 100 hours of training per year.
BRANDS/DIVISIONS/AFFILIATES: AFLAC Japan AFLAC U.S. American Family Life Assurance Company of Columbus
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Daniel P. Amos, CEO Kriss Cloninger III, Pres. Kriss Cloninger III, CFO Angie Hart, Sr. VP/Human Resources Dir. Joey M. Loudermilk, Sr. VP/Sec. Joey M. Loudermilk, General Counsel Gary L. Stegman, Sr. VP-Financial Oper. Katelen V. Spencer, Sr. VP/Corp. Comm. Dir. Kenneth S. Janke Jr., Sr. VP-Investor Rel. Norman P. Foster, Exec. VP-Corp. Finance Joseph W. Smith Jr., Sr. VP/Chief Investment Officer Kermitt L. Cox, Sr. VP/Corp. Actuary Ralph A. Rogers Jr., Sr. VP-Financial Services
Phone: 706-323-3431 Fax: 706-324-6330 Toll-Free: 800-992-3522 Address: 1932 Wynnton Rd., Columbus , GA 31999 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $7,195,000 ( 9 months) 2001 Profits: $525,000 ( 9 months) 2000 Sales: $9,720,000 2000 Profits: $687,000 Stock Ticker: AFL 1999 Sales: $8,640,000 1999 Profits: $571,000 Employees: 5,015 1998 Sales: $7,104,000 1998 Profits: $487,000 Fiscal Year Ends: 12/31 1997 Sales: $7,251,000 1997 Profits: $585,000
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Profit Sharing:
Top Exec. Salary: $1,424,875 Bonus: $2,299,080 Second Exec. Salary: $995,000 Bonus: $1,626,825 Offers expanding line of products/Leading supplemental health insurance provider in the U.S.
Apparent Women Officers or Directors: 2 Hot Spot for Advancement for Women/Minorities: Y
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International: Y
www.plunkettresearch.com
167
ALFA CORPORATION
www.alfains.com
Industry Group Code: 524113 Ranks within this company's industry group: Sales: 64 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 48
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Insurance Company-Underwriting Consumer Finance Leasing/Financing-Business Equipment, Cars, Trucks Investments Real Estate Construction Loans
Alfa Corporation is a financial services holding company that operates predominantly in the insurance industry through its subsidiaries Alfa Life Insurance Corporation, Alfa Insurance Corporation, Alfa General Insurance Corporation and Alfa Agency Mississippi, Inc. Other noninsurance subsidiaries include Alfa Financial Corporation, Alfa Investment Corporation, Alfa Builders, Inc. and Alfa Realty, Inc. These subsidiaries are engaged in consumer financing, leasing, real estate investments, residential and commercial construction and real estate sales. Alfa Corporation’s insurance subsidiaries write life insurance in Alabama, Georgia and Mississippi and property and casualty insurance in Georgia and Mississippi. Its property and casualty business is pooled with that of the Alfa Mutual Insurance Companies which write property and casualty business in Alabama. The company writes preferred risk automobile, homeowner, farm owner and mobile home insurance, fire and allied lines, standard risk automobile and homeowner insurance. Additionally, a limited amount of commercial insurance is offered that includes church and business owner insurance. The firm currently has over 1 million policies in force in its operating region. In recent news, Alfa Mutual Insurance Company began an affiliation with Virginia Mutual Insurance Co., whereby Virginia Mutual transferred management and operational control to Alfa. A positive reflection on this agreement has been the upgrading of Virginia Mutual’s rating to A++ (superior) by A.M. Best, which illustrates the increased financial strength of the company. Virginia Mutual writes both commercial and personal lines and conducts business through 150 independent agencies. In other news, A.M. Best Co. affirmed the financial strength rating of A++ for the member companies of the Alfa Insurance Pool. Additionally, a rating of AMB-1+ was assigned to Alfa Corporation's commercial paper program. Health, dental and vision insurance are offered to employees, as are discounts on auto insurance.
BRANDS/DIVISIONS/AFFILIATES: Alfa Life Insurance Corporation Alfa Agency Mississippi, Inc. Alfa Financial Corporation Alfa Investment Corporation Alfa Builders, Inc. Alfa Realty, Inc. Alfa Mutual Insurance Companies Virginia Mutual Insurance Co.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Jerry A. Newby , CEO Jerry A. Newby, Pres. C. Lee Ellis, Exec. VP-Oper. Stephen G. Rutledge, Sr. VP-CFO Al Dees, Exec. VP-Mktg. Marcia Martin, Sr. VP-Personnel John T. Jung, Sr. VP-CIO Al Schellhorn, VP-Mergers and Acquisitions C. Lee Ellis, Treas. John Holley, VP-Finance/Chief Acc. Officer Terry McCollum, Sr. VP-Claims Stephen G. Rutledge, Chief Invesment Officer
Phone: 334-288-3900 Fax: 334-288-0905 Toll-Free: Address: 2108 E. South Blvd., Montgomery, AL 36116-2105 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $405,300 ( 9 months) 2001 Profits: $50,300 ( 9 months) 2000 Sales: $510,300 2000 Profits: $66,800 Stock Ticker: ALFA 1999 Sales: $482,300 1999 Profits: $64,600 Employees: 576 1998 Sales: $460,986 1998 Profits: $56,716 Fiscal Year Ends: 12/31 1997 Sales: $434,010 1997 Profits: $52,794
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Profit Sharing:
Top Exec. Salary: $236,019 Second Exec. Salary: $198,190
Bonus: Bonus:
$298,299 $247,001
Operates in a niche market.
Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Southeast: Y
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
168
www.plunkettresearch.com
ALLEGHANY CORP Industry Group Code: 524113 Ranks within this company's industry group: Sales: 53 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 47
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Insurance Company-Underwriting Property and Casualty Reinsurance and Insurance Industrial Minerals Investment Management Imported Steel Fasteners Distributors Real Estate Services
Alleghany Corporation is engaged in several lines of business through its subsidiaries, primarily providing reinsurance to property and casualty insurers and reinsurers through Underwriters Re Group, Inc. Alleghany is also engaged in investing, trust services, investment counseling, distributing worldwide industrial minerals, importing and distributing steel fasteners and owning and managing real estate properties. Conservatism dominates the company’s management philosophy. In 1998, the company completed the tax-free spin-off of Chicago Title Corporation to Alleghany stockholders, leaving Alleghany a somewhat smaller but more focused company. Also in 1998, the company purchased Venton Holdings Ltd. through its subsidiary Underwriters Re Group, which will increase both the scale and scope of the subsidiary’s operations in 1999 and beyond. Underwriters Re Group’s principal subs idiary, Underwriters Reinsurance Company, is the 10th largest domestic professional reinsurer in terms of statutory surplus. Heads and Threads, another of Alleghany’s subsidiaries, has positioned itself for future growth as well through its acquisition of Gardenbolt International Corp. and through a now completed restructuring of its computer systems. In addition to its company-operated subsidiaries, Alleghany is the third largest shareholder of the Burlington Northern Santa Fe Corporation, which operates one of the largest railroad networks in North America. Alleghany’s 1998 results included net gains of $0.3 million on investment transactions from continuing operations before taxes, compared with net losses of $11.3 million in 1997.
BRANDS/DIVISIONS/AFFILIATES: Underwriters Re Group, Inc. Alleghany Asset Management, Inc. World Minerals, Inc. Heads and Threads Alleghany Properties, Inc. Burlington Northern Santa Fe Corporation Venton Holdings, Ltd.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. John J. Burns, Jr., CEO John J. Burns, Jr., Pres. David B Cuming, Sr. VP-CFO Peter R. Sismondo, Controller Robert M. Hart, Sec. Robert M. Hart, General Counsel Dorothea C. Gilliam, VP- Investments Peter R. Sismondo, Treas. David B. Cuming, Sr. VP Robert M. Hart, Sr. VP
Phone: 212-752-1356 Fax: 212-759-8149 Toll-Free: Address: 375 Park Avenue, New York, NY 10152 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $1,279,600 ( 9 months) 2001 Profits: $225,300 ( 9 months) 2000 Sales: $945,200 2000 Profits: $68,900 Stock Ticker: Y 1999 Sales: $1,376,200 1999 Pr ofits: $100,100 Employees: 2,083 1998 Sales: $918,993 1998 Profits: $96,106 Fiscal Year Ends: 12/31 1997 Sales: $796,654 1997 Profits: $105,667
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Profit Sharing:
Top Exec. Salary: $ Second Exec. Salary: $ Diversified business/One of the nation's largest reinsurance firms.
Apparent Women Officers or Directors: 2 Hot Spot for Advancement for Women/Minorities: Y
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Bonus: Bonus:
Southeast: Y
$ $
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International: Y
www.plunkettresearch.com
ALLIANCE BANCORP OF NE
www.alliancebancorp.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 179 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
169 Profits: 166
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking/Savings Associations Mortgages Business Cash Canagement Investment Products Insurance Products Electronic Payment Services Commercial Loans
Alliance Bancorp of New England, Inc. is a bank holding company for Tolland Bank, its sole subsidiary and principal asset. The bank is a Connecticut-chartered savings institution that caters primarily to the state’s eastern and central markets. It provides retail and commercial banking products and services such as branch deposit services, home mortgage and consumer lending, mortgage banking, merchant deposit services, business cash management, construction and permanent mortgages, as well as working capital and equipment loans. Through third parties, the bank also provides investment products, insurance products and electronic payment services. Helping new and existing customers meet their financial needs and achieve their financial goals is Alliance’s key strategy. The company has continued to increase its customer base and achieve growth in earnings. Particularly, the area of commercial loans recently saw a 28% increase in growth, which has contributed to Alliance’s five years of record growth. The bank’s customers now have access to the latest technology such as online banking, which is available for both businesses and individuals. The firm also recently joined the SUM program, which enables its customers free access to more than 2,500 ATMs located in the New England area. Another new product enhancement instituted to benefit customers was the elimination of fees for the usage of ATM’s in foreign countries.
BRANDS/DIVISIONS/AFFILIATES: Equity Select Advantage Generations Gold Tolland Bank
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Joseph H. Rossi, CEO Joseph H. Rossi, Pres. David H. Gonci, CFO Gerald D. Coia, VP-Sales Cynthia S. Harris, VP-Human Resources Cynthia S. Harris, Corp. Sec. Craig H. Porter, VP-Oper. David H. Gonci, Treas. Patrick J. Logiudice, Exec. VP
Phone: 860-875-2500 Fax: 860-875-3856 Toll-Free: 800-326-5984 Address: 348 Hartford Turnpike, Vernon, CT 06066 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $20,200 ( 9 months) 2001 Profits: $2,400 ( 9 months) 2000 Sales: $26,100 2000 Profits: $3,220 Stock Ticker: ANE 1999 Sales: $22,700 1999 Profits: $2,922 Employees: 103 1998 Sales: $20,800 1998 Profits: $2,558 Fiscal Year Ends: 12/31 1997 Sales: $ 1997 Profits: $
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Profit Sharing:
Top Exec. Salary: $168,513 Second Exec. Salary: $112,297
Bonus: Bonus:
$30,000 $20,509
Expanding by opening new offices.
Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Southeast:
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
170
www.plunkettresearch.com
ALLIANCE BANK
www.alliancebk.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 180 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 169
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking/Savings Associations Checking and Money Market Accounts Term Certificates
Alliance Bank is a Pennsylvania chartered stock savings bank, which conducts business through seven full-service offices. The bank's mutual holding company is Greater Delaware Valley Savings Bank, a mutual company. Alliance is primarily engaged in attracting deposits from the general public and using such deposits to originate and purchase loans secured by residential properties, real estate, construction loans, consumer loans and business loans. The bank also invests in securities issued by the U.S. government and its agencies and municipal and corporate debt securities. Alliance Bank's income is derived from interest earned on loans, mortgage-backed securities and investments, as well as from fees received in connection with the origination of loans and for other services. Deposits, the amortization and prepayment of outstanding loans, mortgage-backed securities and other sources provide the primary source of funds for bank operations. Alliance concentrates its lending activities on first mortgage loans secured by residential property. It intends to continue the origination and purchase of singlefamily residential mortgage loans, as well as place a greater emphasis on the origination of commercial real estate loans. This also includes consumer loans, commercial business loans and residential construction loans. Recently, the bank has reported lower earnings due to the current difficult economic environment. In other news, Alliance again received the Bauer Financial Group’s highest rating of Five Stars for financial stability, including earnings, capital and quality of loan portfolios.
BRANDS/DIVISIONS/AFFILIATES: NOW Accounts Greater Delaware Valley Holdings Alliance Bank
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. William E. Hecht, CEO William E. Hecht, Pres. Dennis D. Cirucci, Exec. VP-COO Peter J. Meier, Sr. VP-CFO George T. Rowlyk, Sr. VP-Human Resources Suzzane J. Ricci, VP-Controller Dolores A. DeBaecke, Sr. VP/Corp. Sec. Kathleen G. Miller, VP-Oper. Mgr. Peter J. Meier, Treas. Mark DeYoung, VP-Dir.-Retail Banking John J. Presta, VP-Commerical Banking
Phone: 610-353-2900 Fax: 610-359-6908 Toll-Free: 800-550-4387 Address: 541 Lawrence Rd., Broomall, PA 19008-3599 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 3 months. 2001 Sales: $6,400 ( 3 months) 2001 Profits: $ 700 ( 3 months) 2000 Sales: $25,500 2000 Profits: $2,800 Stock Ticker: ALLB 1999 Sales: $21,100 1999 Profits: $2,300 Employees: 87 1998 Sales: $20,300 1998 Profits: $2,000 Fiscal Year Ends: 12/31 1997 Sales: $ 1997 Profits: $
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Profit Sharing: Y
Top Exec. Salary: $ Second Exec. Salary: $ Places a large emphasis on commercial real estate loans.
Apparent Women Officers or Directors: 3 Hot Spot for Advancement for Women/Minorities: Y
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Bonus: Bonus:
Southeast:
$ $
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
www.plunkettresearch.com
171
ALLIANCE CAPITAL MANAGEMENT LP www.alliancecapital.com Industry Group Code: 523920 Ranks within this company's industry group: Sales: 1 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 3
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Investment Management/Mutual Funds Cash Management Products Variable Annuities Variable Life Insurance
Alliance Capital Management L.P., the holding company for Alliance Capital Management, is a diversified global investment advisor. The company is also the U.S.’s largest publicly traded asset manager, with $438 billion in client assets under management as of October 2001. The company primarily serves institutional investors such as pension funds, foundations, endowments, banks and insurance companies, as well as individual investors through variable annuities, life insurance and high- and low-risk domestic and international mutual funds. Alliance provides investment management services to more than 30 Fortune 100 companies and has public retirement plans in 32 states. Additionally, the firm is one of America’s largest mutual fund sponsors with a variety of fund portfolios that serve over 7 million shareholder accounts. Bernstein Investment Research and Management, a subsidiary of the firm, is a private asset manager that offers a wide range of investment alternatives. These include U.S. stocks, taxable and municipal bonds, foreign stocks in major and emerging markets, growth-focused and value-based portfolios and tax and estate planning services. This unit serves over 17,000 clients. Recently, the firm experienced record growth in its college savings plan, with assets doubling. Alliance also recently won w t o sub-advisory mandates from Vanguard that total more than $12 billion. In other news, Alliance Capital opened a new regional headquarters in Brazil. The firm remains strongly committed to expanding its presence beyond the Brazilian market, and this new subsidiary will focus on new business opportunities from Mexico to Argentina. In a related move, subsidiary Alliance Capital Management Corporation plans to sell its 50% equity stake in a joint venture with Banco de Credito Nacional, a company of the Brades co Organization. The two firms plan to maintain a business relationship through advisory and distribution arrangements.
BRANDS/DIVISIONS/AFFILIATES: Alliance Corporate Finance Group Incorporated Alliance Fund Distributors, Inc. Bernstein Investment Research and Management Banco de Credito Nacional AXA Financial Regent Investor Services ACM Fund Services S.A. Vanguard
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Bruce W. Calvert, CEO John D. Carifa, Pres. John D. Carifa, COO Robert H. Joseph, CFO Rosanne Peress, Human Resources Lewis A. Sanders, David R. Brewer, Jr., General Counsel Scott C. Sipple, Managing Dir.-Regent Robert H. Joseph, Sr. VP John Gagliano, Sales Mgr.-Regent Roberto Correa da Fonseca, Regional Dir.-Latin America
Phone: 212-969-1000 Fax: 212-969-2229 Toll-Free: 800-433-8506 Address: 1345 Avenue of the Americas , New York, NY 10105 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 12 months. 2001 Sales: $2,992,898 (12 months) 2001 Profits: $614,625 (12 months) 2000 Sales: $2,522,099 2000 Profits: $688,749 Stock Ticker: AC 1999 Sales: $1,491,200 1999 Profits: $382,800 Employees: 4,438 1998 Sales: $1,324,100 1998 Profits: $292,900 Fiscal Year Ends: 12/31 1997 Sales: $975,300 1997 Profits: $129,000
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Top Exec. Salary: $275,002 Bonus: $9,600,000 Second Exec. Salary: $175,000 Bonus: $5,000,000 The largest publicly traded asset management company in the U.S., as measured by assets under contract.
Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
Profit Sharing:
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International: Y
172
www.plunkettresearch.com
ALLMERICA FINANCIAL CORPORATION www.allmerica.com Industry Group Code: 524113 Ranks within this company's industry group: Sales: 35 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Y
Profits: 34
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Insurance Company-Underwriting Annuities Variable Life Insurance Full-Service Retirement Savings Products Investment Management Services Property and Casualty Insurance Risk Management Retirement and Asset Accumulation
Allmerica Financial Corporation is a non-insurance holding company that oversees the operations of First Allmerica Financial Life Insurance Company, its insurance subsidiary; Allmerica Financial Life Insurance and Annuity Company, non-insurance subsidiaries; and Allmerica Property & Casualty Companies, Inc. The firm offers financial products and services in two major areas: risk management and retirement and asset accumulation. Risk management includes a group managed health business that offers employee benefit solutions to the midsized employer market. Within these broad areas, there are five operating segments including Regional Property and Casualty, Corporate Risk Management Services, Allmerica Financial Services, Institutional Services and Allmerica Asset Management. In addition, the company also has a corporate segment that consists primarily of cash, investments, corporate debt and capital securities. The Hanover Insurance Company and its subsidiary Citizens Corporation are part of the Regional Property and Casualty segment. It underwrites personal and commercial property and casualty insurance coverage. Hanover's Amgro, Inc. is an insurance premium finance company that provides short-term installment loans to small and medium -sized businesses that do not wish to prepay property and casualty insurance premiums. Recently, declining stock markets have adversely impacted the company’s retirement business earnings. Allmerica’s earnings have suffered particularly in certain commercial lines and as a result of weak underwriting results in the risk management business. The company also dealt with $17 million in risk management losses due to the attack on the World Trade Center. Standard & Poor's recently affirmed various ratings held by the firm due to factors such as a solid market position in the variable asset accumulation market, and its strong diversified distribution system. Allmerica offers its employees dental coverage, an adoption benefit program, as well as education assistance and reimbursement. Wellness programs are available at some locations and include a fitness center, aerobics classes and blood pressure screenings.
BRANDS/DIVISIONS/AFFILIATES: Allmerica Property & Casualty Companies, Inc. Hanover Insurance Group, The Citizens Corporation Hanover's Amgro, Inc. Allmerica Asset Management Allmerica Financial Services First Allmerica Financial Life Insurance Company
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. John F. O'Brien, CEO John F. O'Brien, Pres. Edward J. Parry III, VP-CFO Robert E. Bruce, VP-Corp. Tech. Services Gregory D. Tranter, VP-CIO J. Kendall Huber, VP-General Counsel Mark R. Colborn, VP-Oper. Henry St. Cyr, VP-Investor Rel. Edward J. Parry III, Treas. Bruce C. Anderson, VP-Corp. Services Richard M. Reilly, Pres.-Allmerica Financial Life Co. John P. Kavanaugh, VP-Chief Investment Officer Robert P. Restrepo, Jr., Pres.-Allmerica Property Co.
Phone: 508-855-1000 Fax: 508-853-6332 Toll-Free: 800-407-5222 Address: 440 Lincoln St., Worcester, MA 01653 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $2,496,400 ( 9 months) 2001 Profits: $67,600 ( 9 months) 2000 Sales: $3,087,900 2000 Profits: $199,900 Stock Ticker: AFC 1999 Sales: $3,145,200 1999 Profits: $295,800 Employees: 5,700 1998 Sales: $3,432,500 1998 Profits: $201,200 Fiscal Year Ends: 12/31 1997 Sales: $3,395,600 1997 Profits: $209,200
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Profit Sharing:
Top Exec. Salary: $900,000 Bonus: $939,300 Second Exec. Salary: $450,000 Bonus: $324,945 Among the top 20 providers of variable life isnurance and variable annuities in the U.S.
Apparent Women Officers or Directors: Hot Spot for Advancement for Women/Minorities: Y
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
www.plunkettresearch.com
173
ALLSTATE CORPORATION (THE)
www.allstate.com
Industry Group Code: 524113 Ranks within this company's industry group: Sales: 5 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 4
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Insurance Company-Underwriting Auto Insurance Home Insurance Life Insurance Business Insurance Car Repairs Banking Services Financial Services
The Allstate Corporation is a holding company for Allstate Insurance Company. Established in 1931 by Sears Roebuck and Co., Allstate is the second-largest U.S. personal lines insurer. The company’s principal businesses include property-liability insurance, life insurance and annuities. Allstate’s primary business is the sale of private passenger auto and homeowners insurance, which accounts for 65% of the company’s sales. Allstate also sells other property/casualty and life insurance products in Asia, Europe and the Americas. The subsidiaries of the company’s life insurance division, Allstate Life, Northbrook Life and Glenbrook Life, provide life insurance and investment products. The company’s personal property and casualty business is a broad-based network of approximately 15,500 exclusive agents (employee and non-employee) in the U.S. and Canada and over 3,000 independent agents who offer Allstate products primarily in rural areas not served by Allstate agents. Allstate also uses independent and specialized brokers to expand its market reach, including approximately 13,000 independent agents appointed to market non-standard auto business. Allstate also offers financial services from funding children’s educations to planning a retirement. In the fall of 2001, the company started offering banking services with Allstate Bank. Recently, Allstate expanded its businesses by entering into the car repair business with the purchase of Sterling Collision Centers. In recent news, Allstate sold off its direct auto insurance businesses in Germany and Italy to Direct Line. Allstate offers employees a comprehensive benefits package, along with childcare discounts, adoption reimbursement, tuition reimbursement, scholarships and various community involvement programs and opportunities.
BRANDS/DIVISIONS/AFFILIATES: Allstate Insurance Company Allstate Life Insurance Company Northbrook Life Insurance Company Glenbrook Life Insurance Company Sterling Collision Centers Allstate Bank American Heritage Insurance Services Keystone State Life Insurance Company
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Edward M. Liddy, CEO Edward M. Liddy, Pres. John L. Carl, VP/CFO Robert S. Aapatoff, Sr. VP/Chief Mktg. Officer Joan M. Crockett, Sr. VP-Human Resources Frank W. Pollard, Sr. VP/CIO Samuel H. Pilch, Controller Robert W. Pike, VP/Corp. Sec. Michael J. McCabe, VP/General Counsel Ronald D. McNeil, Sr. VP-Property Oper. Casey J. Sylla, Sr. VP/Chief Investment Officer Edward J. Dixon, Sr. VP-Field Oper.
Phone: 847-402-5000 Fax: 847-836-3998 Toll-Free: Address: Allstate Plaza, 2775 Sanders Rd., Northbrook, IL 60062-6127 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $21,507,000 ( 9 months) 2001 Profits: $923,000 ( 9 months) 2000 Sales: $29,134,000 2000 Profits: $2,252,000 Stock Ticker: ALL 1999 Sales: $26,959,000 1999 Profits: $2,759,000 Employees: 41,800 1998 Sales: $25,879,000 1998 Profits: $3,333,000 Fiscal Year Ends: 12/31 1997 Sales: $24,949,000 1997 Profits: $3,144,000
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Top Exec. Salary: $954,167 Bonus: Second Exec. Salary: $492,900 Bonus: Nation's largest publicly-held personal lines insurance company/Name recognition.
Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
Profit Sharing:
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
$594,083 $414,393
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International: Y
174
www.plunkettresearch.com
ALLTEL CORP
www.alltel.com
Industry Group Code: 513300A Ranks within this company's industry group: Sales: 1 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Y
Profits: 1
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Local Telephone Service Financial Software Wireless Communication Information Services Long Distance Telephone Services
ALLTEL Corporation offers telecommunications such as local phone service and wireless cellular operations to about 10 million customers in 24 U.S. states, mainly in the Southeast and Midwest. The company also provides long distance services to over 1 million customers, along with Internet access and paging services. The firm has over 80 years of experience with telephone services for residential and businesses and 30 years of experience building information technology solutions. Like many communication businesses, ALLTEL offers information services and phone directory publishing. The firm operates through its subsidiaries ALLTEL Communications, Inc., ALLTEL Corporation/Residential Lending Solutions and ALLTEL Information Services, Inc. ALLTEL Communications, Inc. provides cellular telephone, long distance and local telephone services, as well as Internet and paging network operations. ALLTEL Corporation/Residential Lending Solutions develops mortgage software and provides software programming application services for IBM mainframes. ALLTEL Information Services, Inc. develops banking and telecommunications software. In recent news, ALLTEL made an unsolicited takeover bid for Louisiana-based Century-Tel, a company that offers both fixed-line and wireless telecom services in small markets. ALLTEL provides employees with a business-casual environment with a comprehensive benefits package, along with educational assistance, ongoing paid training and adoption assistance. It focuses on promoting from within its team -oriented business culture.
BRANDS/DIVISIONS/AFFILIATES: ALLTEL Communications, Inc. ALLTEL Corporation/Residential Lending Solutions ALLTEL Information Services Century-Tel
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Joe T. Ford, CEO Scott T. Ford, Pres. Scott T. Ford, COO Jeffrey R. Gardner, Sr. VP/CFO Frank A. O'Mara, VP-Human Resources John S. Haley, Sr. VP/Chief Tech. Officer Jeffrey H. Fox, Group Pres.- Info. Services David A. Gatewood, Controller Francis X. Frantz , Sec. Francis X. Frantz , General Counsel Keith A. Kostuch, VP-Strategic Planning Kevin L. Beebe, Group Pres.- Comm. Scott H. Settelmyer, Treas. Francis X. Frantz , Sr. VP-External Affairs Michael T. Flynn, Group Pres.-Comm.
Phone: 501-905-8000 Fax: 501-905-5444 Toll-Free: Address: 1 Allied Dr., Little Rock, AR 72202 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $5,672,100 ( 9 months) 2001 Profits: $835,600 ( 9 months) 2000 Sales: $7,067,000 2000 Profits: $1,928,800 Stock Ticker: AT 1999 Sales: $6,461,400 1999 Profits: $783,634 Employees: 27,257 1998 Sales: $5,780,700 1998 Profits: $603,127 Fiscal Year Ends: 12/31 1997 Sales: $5,072,800 1997 Profits: $652,481
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Profit Sharing: Y
Top Exec. Salary: $825,000 Second Exec. Salary: $700,000
Bonus: Bonus:
$1,237,500 $945,000
Broad range of services.
Apparent Women Officers or Directors: Hot Spot for Advancement for Women/Minorities:
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International: Y
www.plunkettresearch.com
175
AMBAC FINANCIAL GROUP
www.ambac.com
Industry Group Code: 524298 Ranks within this company's industry group: Sales: 3 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 3
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Financial Guaranty Insuranc e Financial Management Services
Ambac Financial Group, Inc. is a holding company with affiliates provide financial guarantee insurance and financial management services to clients in both the public and private sectors in the U.S. and abroad. The company's principal operating subsidiary, Ambac Assurance Corporation, is a leading insurer of municipal and structured finance obligations. Through its financial management services subsidiaries, the firm provides investment agreements, interest rate swaps, investment management advisory, cash management, fund administration and broker/dealer services, electronic commerce and information management solutions. Interest rate swaps are provided through its subsidiary, Ambac Financial Services, L.P.; investment advisory, cash management and fund administration services through Cadre Financial Services, Inc.; and broker/dealer services through Cadre Securities, Inc. In addition, MBIA/AMBAC International markets financial guarantees in Europe. Ambac recently opened a new office in Sydney, Australia. The firm is already a major guarantor of transactions in the Australian market, particularly in the utility and project finance sectors. The new office is part of Ambac's ongoing globalization initiative, which includes the recent opening of an office in Tokyo, Japan. The company’s international business, as measured by premiums written, has grown by over 250% since 1997. In other news, Ambac Assurance UK Limited, a subsidiary, recently participated in one of the largest European securitizations by a leveraged buy-out company. The deal was also the largest asset-backed deal within the European health care sector. In the transaction, General Healthcare Group, the UK's leading operator of private hospitals, launched a £975 million whole business securitization, more than half of which was Ambac UK guaranteed. Whole business securitization is a financing tool that is becoming an increasingly popular method of raising long-term capital throughout Europe.
BRANDS/DIVISIONS/AFFILIATES: Ambac Financial Group Ambac Assurance Corporation Ambac Insurance U.K., Limited Cadre Financial Services, Inc. Ambac Financial Services, L.P. MBIA/AMBAC International Connie Lee Holdings, Inc.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Phillip B. Lassiter, CEO Phillip B. Lassiter, Pres. Robert J. Genader, COO Frank J. Bivona, Exec. VP-CFO Janice Reals Ellig, Sr. VP-Mktg. Gregg Bienstock, Dir.-Human Resources Kevin J. Doyle, General Counsel Brian S. Moore, Dir.-External Rel. Frank J. Bivona, Treas. Narayan Nair, Sr. VP-Internal Audit John W. Uhlein III, Managing Dir.-Int'l David L. Boyle, Portfolio Risk Mgmt. Group Eileen L. Kirchoff, Managing Dir.-Legal
Phone: 212-668-0340 Fax: 212-509-9190 Toll-Free: 800-221-1854 Address: One State Street Plaza, New York, NY 10004 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $528,400 ( 9 months) 2001 Profits: $316,100 ( 9 months) 2000 Sales: $621,300 2000 Profits: $366,200 Stock Ticker: ABK 1999 Sales: $533,300 1999 Profits: $307,900 Employees: 364 1998 Sales: $457,000 1998 Profits: $254,000 Fiscal Year Ends: 12/31 1997 Sales: $381,800 1997 Profits: $223,000
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Profit Sharing:
Top Exec. Salary: $620,000 Second Exec. Salary: $345,000
Bonus: Bonus:
$930,000 $600,000
Growth through acquisitions.
Apparent Women Officers or Directors: 2 Hot Spot for Advancement for Women/Minorities: Y
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Southeast:
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International: Y
176
www.plunkettresearch.com
AMERIANA BANCORP
www.ameriana.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 157 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 158
Insurance/Finance: Leasing: Cons umer Loans: Business Finance: Mortgages: Insurance:
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking/Savings Associations Trust Services Insurance Agency Title Insurance Investment Management Accounts IRA's
Ameriana Bancorp is a holding company offering financial services through its Ameriana Bank of Indiana and Ameriana Bank of Ohio subsidiaries. The company has three branches in the Cincinnati area of Ohio and nine branches in central and eastern Indiana. Ameriana Bancorp’s business consists primarily of attracting deposits from the general public (in the form of checking, savings and money market accounts and CDs) and originating mortgage loans on single-family residences, and to a lesser extent on multi-family housing and commercial property. The company also makes home improvement loans and consumer loans through its banking subsidiaries. Ameriana engages in insurance activities through its Ameriana Insurance Agency subsidiary and through Indiana Title Insurance Company. Recently, despite a declining economy and a deteriorating business climate, Ameriana’s loan volume has continued to increase due to the lowering of interest rates. Demand for fixed-rate loans in particular has risen. The firm also recently increased its cash dividend rate by 7%, due to increased profits from its operations. This marks the fourteenth time since 1987 that Ameriana has been able to institute such an increase.
BRANDS/DIVISIONS/AFFILIATES: Ameriana Bank of Indiana Ameriana Bank of Ohio Ameriana Insurance Agency Indiana Title Insurance Company Deer Park Federal Savings & Loan Association Ameriana Financial Services Ameriana Savings Bank
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Harry J. Bailey, CEO Harry J. Bailey, Pres. Timothy G. Clark, Exec. VP-COO Steven R. Doll, VP- CFO Nancy A. Rogers, Sr. VP-Mktg. Services Deborah A. Bell, Sr. VP-Info.Tech. Nancy A. Rogers, Corp. Sec. Richard E. Welling, Sr. VP-Treas. Edward J. Wooton, Sr. VP-Subsidiaries Michael C. Olsen, CEO- Pres.-Ameriana Bank of Ohio
Phone: 765-529-2230 Fax: 765-529-2232 Toll-Free: 800-487-2118 Address: 2118 Bundy Ave., New Castle, IN 47362-1048 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $30,600 ( 9 months) 2001 Profits: $2,700 ( 9 months) 2000 Sales: $40,800 2000 Profits: $3,600 Stock Ticker: ASBI 1999 Sales: $32,400 1999 Profits: $3,300 Employees: 169 1998 Sales: $31,700 1998 Profits: $3,800 Fiscal Year Ends: 12/31 1997 Sales: $32,200 1997 Profits: $3,600
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Y Profit Sharing: Top Exec. Salary: $245,000 Stock Purch. Plan: Second Exec. Salary: $140,000 Recently began offering trust services.
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Apparent Women Officers or Directors: 2 Hot Spot for Advancement for Women/Minorities: Y
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest: Y
Southeast:
Bonus: Bonus:
$ $
Northeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
www.plunkettresearch.com
177
AMERICAN BANK OF CT
www.ambkct.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 136 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 117
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking/Savings Associations Mortgages Commercial and Consumer Credit Commercial Real Estate
American Bank of Connecticut is a savings bank operating 15 branches in western Connecticut. Maintaining a community-based focus and targeting individual customers and small to mid-sized businesses, the company offers services such as checking and savings accounts, commercial and consumer credit, certificates of deposit, and commercial real estate. Primarily a home mortgage lender, American Bank originates loans almost exclusively for retention in its own portfolio. It continues to rank with the top performing banks in New England in terms of return on assets, return on equity, efficiency, and asset quality ratios. American Bank is committed to building relationships and satisfying customers through recruiting, training, motivating, and rewarding its best employees. In recent news, the firm announced that it would be acquired by American Financial Holdings, Inc., which is the holding company for American Savings Bank. American Financial recently received all regulatory approvals for its acquisition subject to certain conditions. American Financial operates 17 branches in 12 communities throughout central Connecticut, and following the acquisition will increase its number of branches to 34.
BRANDS/DIVISIONS/AFFILIATES: Money Market Plus Internet Banking Connections American Financial Holdings, Inc. American Savings Bank
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. William E. Solberg, CEO William E. Solberg, Pres. Dunham H. Smith, COO Floyd G. Champagne, Exec. VP-CFO Betty Anne Veilette, Human Resources Betty Ann Veilette, Sr. VP-Sec. Regina E. Mastrianno, Sr. VP-Branch Admin. Floyd G. Champagne, Treas. Earl T. Young, Exec. VP Scott Brabant, Exec. VP John Chattleton, Exec. VP Mark C. Emerson, Sr. VP-Compliance
Phone: 203-757-9401 Fax: 203-753-8699 Toll-Free: Address: Two West Main Street, Waterbury, CT 06702 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $51,600 ( 9 months) 2001 Profits: $8,700 ( 9 months) 2000 Sales: $64,400 2000 Profits: $11,000 Stock Ticker: BKC 1999 Sales: $54,100 1999 Profits: $10,100 Employees: 143 1998 Sales: $51,800 1998 Profits: $10,700 Fiscal Year Ends: 12/31 1997 Sales: $48,400 1997 Profits: $7,900
SALARIES/BENEFITS: Pension Plan: Y Savings Plan:
ESOP Stock Plan: Y Profit Sharing: Top Exec. Salary: $ Stock Purch. Plan: Second Exec. Salary: $ Expanding its product lines and services.
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Apparent Women Officers or Directors: 9 Hot Spot for Advancement for Women/Minorities: Y
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Bonus: Bonus:
Southeast:
$ $
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
178
www.plunkettresearch.com
AMERICAN BUSINESS FINANCIAL SERVICES INC www.abfsonline.com Industry Group Code: 522310 Ranks within this company's industry group: Sales: 7 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 8
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y Y Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Mortgages Business Equipment Leases Home Equity Loans
American Business Financial Services, Inc. is a diversified financial services holding company that provides investment products and credit services nationwide to consumers and businesses, including subordinated investment notes, business purpose loans, first and second home equity mortgage loans, purchase money mortgage loans and business equipment leases. The company has also entered into exclusive business arrangements with several financial institutions which allow the company to purchase home equity loans that do not meet the guidelines of the selling institution but that do meet the company’s criteria. One of AFBS’s main customer groups is made up of borrowers who have impaired or unsubstantiated credit or unverifiable income, and are unable to obtain financing from financial institutions which primarily lend to borrowers with favorable credit. AFBS recently acquired the bank alliance contracts of LendSource, Inc., a mortgage banker. The company also formed a new division, American Business Mortgage Services, Inc., which will market a proprietary loan structuring technology to brokers and banks.
BRANDS/DIVISIONS/AFFILIATES: American Business Credit, Inc. HomeAmerican Credit, Inc. Processing Service Center, Inc. American Business Leasing, Inc. HomeAmerican Consumer Discount Company New Jersey Mortgage and Investment Corp. American Bus iness Mortgage Services, Inc. LendSource, Inc.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Anthony J. Santilli, Jr., CEO Anthony J. Santilli, Jr., Pres. Anthony J. Santilli, Jr., COO Albert M. Mandia, CFO Sharon Gerritsen, VP-Sales and Mktg. Beverly Santilli, Corp. Sec. Steve Giroux, General Counsel Jeffrey M. Ruben, Exec. VP
Phone: 610-668-2440 Fax: 610-617-4925 Toll-Free: 800-537-1162 Address: 111 Presidential Blvd., Ste. 215, Bala Cynwyd, PA 19004 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 12 months. 2001 Sales: $183,300 (12 months) 2001 Profits: $8,100 (12 months) 2000 Sales: $130,600 2000 Profits: $6,400 Stock Ticker: ABFI 1999 Sales: $86,400 1999 Profits: $14,100 Employees: 884 1998 Sales: $59,300 1998 Profits: $11,500 Fiscal Year Ends: 6/30 1997 Sales: $26,000 1997 Profits: $5,900
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Profit Sharing:
Top Exec. Salary: $639,688 Second Exec. Salary: $445,000 Has grown rapidly by entering new markets.
Apparent Women Officers or Directors: 2 Hot Spot for Advancement for Women/Minorities: Y
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Bonus: Bonus:
$989,688 $620,000
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
www.plunkettresearch.com
179
AMERICAN COUNTRY HOLDINGS
www.amctry.com
Industry Group Code: 524113 Ranks within this company's industry group: Sales: 101 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 95
Insurance/Finance: Leasing: Consumer Loans: Busines s Finance: Mortgages: Insurance:
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Insurance Company-Underwriting Loans Specialty Insurance Lines Insurance for Taxi Cabs
American Country Holdings, Inc. is the holding company for American Country Insurance Company and American Country Financial Services Corp. American Country Insurance is a leading insurer of taxicabs and limousines and offers commercial lines of coverage for artisan contractors, distributors and the hospitality industry, with a particular focus on restaurants. American Country provides secured loans for a select group of its more financially secure customers. Commercial workers’ compensation, auto, and related insurance account for 44% of the company’s premiums; similar insurance for the transportation industry accounts for 43%; and personal lines make up 13%. The key elements of the company’s business plan are geographic expansion of its transportation business, growing its surplus, divesting its unprofitable personal lines business, investing in information systems, implementing significant cost reductions and exploring acquisitions. The company has expanded into Wisconsin, Michigan, Pennsylvania, Minnesota and New York. The restaurant program continues to expand in the states of Massachusetts, Michigan, Minnesota, New Jersey and Pennsylvania. Recently, the company decided to substantially increase its reserves in order to offset developing losses from prior years. Losses from several businesses were developing at a faster rate than was forecast, and the non-Illinois hospitality book is an example of a line of business that was discontinued. American Country plans to build its future business around its transportation line, while still focusing on the profitable sections of hospitality insurance. American Country Holdings offers its employees tuition reimbursement, health club reimbursement, a casual dress environment and a flexible 36 hour work week.
BRANDS/DIVISIONS/AFFILIATES: American Country Insurance Company American Country Financial Services Corp.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. John A. Dore, CEO John A. Dore, Pres. Edwin W. Elder III, Exec. VP-COO Karla M. Violetto, VP-CFO Robert S. Silver, VP-Mktg. Richard Henquinet, Human Resources Ronald J. Gold, Corp. Sec. Robert Silver, VP-Oper. Daniel R. DeLeo, Exec. VP-Country Insurance
Phone: 312-456-2000 Fax: 312-346-3707 Toll-Free: 800-818-4848 Address: 222 North LaSalle Street, Ste. 1600, Chicago, IL 60601-1105 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $57,600 ( 9 months) 2001 Profits: $-13,600 ( 9 months) 2000 Sales: $80,800 2000 Profits: $-2,400 Stock Ticker: ACHI 1999 Sales: $77,200 1999 Profits: $- 100 Employees: 154 1998 Sales: $65,063 1998 Profits: $5,376 Fiscal Year Ends: 12/31 1997 Sales: $68,783 1997 Profits: $2,069
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Profit Sharing: Stock Purch. Plan: Y Operates in a niche market.
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
Top Exec. Salary: $316,816 Second Exec. Salary: $219,000
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest: Y
Southeast:
Bonus: Bonus:
$32,100 $25,000
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
180
www.plunkettresearch.com
AMERICAN EXPRESS CO
www.americanexpress.com
Industry Group Code: 522210 Ranks within this company's industry group: Sales: 1 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Y Y Y
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Technology: Finan. Software: Information Sys.: Online Services: Special Equipm ent: Consulting:
Y Y Y
Y
Profits: 1
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
Y
Y
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Credit Card Issuing, Financial Services Stock Brokerage Publishing Financial Advisory Services International Banking Services Travel Related Services Direct Marketing/Mail Order and Online Online Banking
American Express Company is a global travel and financial services firm that provides customers with a variety of products that include credit cards, traveler’s checks, financial planning, brokerage services, mutual funds, insurance and other investment products. American Express also publishes Food & Wine and Travel & Leisure magazines. Through its magazine and credit card customer base, it is also one of the world's largest direct marketers. The company's Relationship Services segment sells products and services that address some of the information, access, household, leisure, security, financial and telecommunications needs of its customers, offering merchandise directly to cardholders. American Express also directly markets its products through ExpressNet, its Consumer Cards group, and through its TRS International's catalogs and magazines. The firm provides travel and banking services to corporations, financial institutions and retail customers outside the U.S. The company plans on expanding its current line of services primarily via the Internet. New developments include the creation of the Blue Credit Card, a smart card that interfaces with PCs for on-line shopping; AmEx Brokerage, offering enhanced and on-line trading, including free trades for clients with minimum balances of $100,000; and Membership B@nking, an on-line bank. The company recently purchased 4,500 ATM machines from Electronic Data Systems to become the second largest operator of ATMs. During 2001, American Express announced plans to eliminate approximately 14,000 jobs, and plans to consolidate its real estate facilities to reflect the reduced staffing levels. The staff reductions will mainly occur in the travel businesses. In other news, the firm signed an agreement to acquire the credit card portfolio of BSB Bank & Trust, the bank subsidiary of BSB Bancorp Inc. Notably, 31% of the firm's senior managers are women. The company is a member of a group of companies that pays for minorities to obtain MBAs. It is one of the largest American corporation to have an African-American CEO. 36% of new hires are minorities. Employees receive 40 hours of training per year.
BRANDS/DIVISIONS/AFFILIATES: ExpressNet Membership B@nking BSB Bank and Trust TRS International Food & Wine Magazine Blue Credit Card (The) Travel & Leisure Magazine Departures Magazine
CONTACTS: Note: Officers with more than one job titl e may be intentionally listed here more than once. Kenneth I. Chenault, CEO Kenneth I. Chenault, Pres. Gary Crittenden, CFO John D. Hayes, Exec. VP-Global Advertising Ursula F. Fairbairn, Exec. VP-Human Resources Glen Salow , Exec. VP/CIO Louise M. Parent, Exec. VP/General Counsel Thomas Schick, Exec. VP-Corp. Affairs & Comm. D.R. Hubers, Pres.- American Express Financial Corp. Anne M. Busquet, Pres.-American Express Relationship Services James M. Cracchiolo, Pres.-Global Financial Services Group Edward P. Gilligan, Pres.-Global Corp. Services Group
Phone: 212-640-2000 Fax: 212-619-9802 Toll-Free: 800-535-4438 Address: 90 Hudson St., Jersey City, NJ 07302 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $16,711,000 ( 9 months) 2001 Profits: $1,014,000 ( 9 months) 2000 Sales: $23,675,000 2000 Profits: $2,810,000 Stock Ticker: AXP 1999 Sales: $21,278,000 1999 Profits: $2,475,000 Employees: 89,000 1998 Sales: $19,132,000 1998 Profits: $2,141,000 Fiscal Year Ends: 12/31 1997 Sales: $17,760,000 1997 Profits: $1,991,000
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Profit Sharing:
Top Exec. Salary: $1,000,000 Bonus: $3,200,000 Second Exec. Salary: $700,000 Bonus: $2,880,000 One of the world's largest direct- marketers/One of the best known brands in the financial industry.
Apparent Women Officers or Directors: 3 Hot Spot for Advancement for Women/Minorities: Y
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International: Y
www.plunkettresearch.com
181
AMERICAN FINANCIAL GROUP INC
www.amfnl.com
Industry Group Code: 524113 Ranks within this company's industry group: Sales: 31 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 107
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Underwriting-Diversified Insurance Casualty Insurance Retirement Annuities Supplemental Health Insurance Specialty Insurance Long-Term Care Insurance Nonstandard Auto Insurance Food Industry Investments
American Financial Group is engaged primarily in private automobile insurance and specialty property and casualty insurance, as well as the sale of retirement annuities, supplemental health and long-term care insurance products. Great American Financial Resources, Inc. (GAFRI), the company’s subsidiary that was formerly known as American Annuity Group, markets the company’s retirement and health products. GAFRI offers policies that provide for expenses related to critical illness, cancer, short-term disability, intensive care, accidents and hospital stays. The Great American Insurance Company, a subsidiary of American Financial Group and one of the oldest insurance companies in the United States, recently joined forces with the Cincinnati Reds. The two organizations have announced a 30-year agreement under which the new home of the Cincinnati Reds will be named Great American Ball Park. American Financial believes this partnership is a great opportunity to continue building a national brand image that will support the growth of its insurance businesses through the enormous national exposure a major league baseball franchise provides. The Great American Insurance Company recently sold its Japanese Division to Mitsui Marine and Fire Insurance Company of America. The company also sold Stonewall Insurance Company for approximately $31 million. American Financial Group included in its 2000 fourth quarter financial results a write-down of its investment in Chiquita Brands International, Inc. Chiquita had announced a restructuring initiative which would result in the conversion of a significant portion of public debt into common equity. The company holds 24 million shares of Chiquita’s common stock which was carried at $153 million. In addition to a 401K plan, employees also enjoy the benefits of the company’s alliance with the Cincinnati Reds. Certificates redeemable for tickets to a home Reds Major League Baseball game were given as gifts to employees at the 1999 company Christmas party.
BRANDS/DIVISIONS/AFFILIATES: American Financial Corp. Mid-Continent Casualty Co. Republic Indemnity Co. of America Brothers Property Corp. American Premier Underwriters Great American Insurance Co. Provident Financial Group Chiquita Brands International
CONTACTS: Note: Officers with more than one job title may b e intentionally listed here more than once. Carl H. Linder, CEO Keith E. Linder, Co-Pres. Lawrence Otto, VP-Human Resources Philip Fasano, CIO Robert H. Ruffing, Controller James E. Evans, General Counsel Anne N. Watson, VP-Investor Relations Fred J. Runk, Tres. S. Craig Linder, Co-Pres. Carl H. Linder III, Co- Pres. Thomas E. Mischell, Sr. VP-Taxes Kathleen J. Brown, VP-Taxes
Phone: 513-579-2121 Fax: 513-579-2113 Toll-Free: Address: 1 E. 4th St., Cincinnati, OH 45202 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $2,980,300 ( 9 months) 2001 Profits: $-36,300 ( 9 months) 2000 Sales: $3,817,300 2000 Profits: $-56,100 Stock Ticker: AFG 1999 Sales: $3,360,000 1999 Profits: $141,400 Employees: 10,600 1998 Sales: $4,082,000 1998 Profits: $124,400 Fiscal Year Ends: 12/31 1997 Sales: $4,026,000 1997 Profits: $192,300
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Y Profit Sharing: Y Top Exec. Salary: $950,500 Stock Purch. Plan: Second Exec. Salary: $950,500 Expertise in a wide variety of insurance products.
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Apparent Women Officers or Directors: 2 Hot Spot for Advancement for Women/Minorities: Y
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Bonus: Bonus:
$290,000 $600,000
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
182
www.plunkettresearch.com
AMERICAN GENERAL CORP
www.agc.com
Industry Group Code: 524113 Ranks within this company's industry group: Sales: 15 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 8
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Insurance Company-Underwriting Annuities Life Insurance Consumer Loans
American General Corporation (AGC) is a diversified financial services organization whose offerings include a wide range of retirement services, life insurance and consumer finance products and services to diverse markets through focused distribution channels. Recently, AGC was acquired by and became a subsidiary of American International Group, Inc. (AIG), the leading U.S.based international insurance and financial services organization and the largest underwriter of commercial and industrial insurance in the United States. Its mem ber companies write a wide range of commercial, personal and life insurance products through these channels in more than 130 countries and jurisdictions throughout the world. The firm’s global businesses also include asset management such as aircraft leasing, financial products, trading and market making, institutional, retail and direct investment fund asset management and real estate investment management. The domestic life insurance business of the two firms will be combined under AGC, forming one of the nation's leading life insurance organizations. American General Retirement Services will be combined with SunAmerica Inc., an AIG subsidiary, forming an asset accumulation franchise. American General Finance will be combined with AIG's Financial Services Group and American General Investment Management will be combined with AIG Global Investment Group, Inc. The company offers employees tuition assistance, referral rewards, in-house training, a credit union and a discount vision program.
BRANDS/DIVISIONS/AFFILIATES: American General Finance, Inc. Variable Annuity Life Insurance Co., The American General Life Insurance Company Merit Life Insurance Co. American International Group, Inc. Financial Life Companies Franklin Life Insurance Company, The American General Life and Accident Insurance Co.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Robert M. Devlin, CEO Robert M. Devlin, Pres. Nicholas R. Rasmussen, Exec. VP/CFO Laura Nichol, Sr. VP/Human Resources Pamela J. Penny, Sr. VP/Controller Mark S. Berg, Corp. Sec. Mark S. Berg, Exec. VP-General Counsel David A. Fravel, Exec. VP-Strategic Oper. David W. Entrekin, Exec.VP/Strategic Dev. Paul L. Mistretta, Exec. VP-Solutions Dev. James P. Corcoran, Exec. VP-Govt. and Industry Rel. Nicholas R. Rasmussen, Treas. Steven Guterman, Exec. VP-Institutional Asset Mgmt. Albert J. Gutierrez , Exec. VP-Portfolio Mgmt. Julia Tucker, Exec. VP-Investment Research David J. Dietz, Pres.-Corp. Markets Group
Phone: 713-522-1111 Fax: 713-523-8531 Toll-Free: 800-242-1111 Address: 2929 Allen Pkwy., Houston, TX 77019-2155 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 6 months. 2001 Sales: $5,455,000 ( 6 months) 2001 Profits: $11,000 ( 6 months) 2000 Sales: $11,063,000 2000 Profits: $1,003,000 Stock Ticker: AGC 1999 Sales: $10,679,000 1999 Profits: $1,131,000 Employees: 7,500 1998 Sales: $10,251,000 1998 Profits: $764,000 Fiscal Year Ends: 12/31 1997 Sales: $8,927,000 1997 Profits: $542,000
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Y Profit Sharing: Top Exec. Salary: $995,000 Bonus: $4,500,000 Stock Purch. Plan: Second Exec. Salary: $619,231 Bonus: $1,250,000 One of the nation's largest diversified financial services organizations/Acquired by AIG.
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Apparent Women Officers or Directors: 3 Hot Spot for Advancement for Women/Minorities: Y
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International: Y
www.plunkettresearch.com
183
AMERICAN HERITAGE LIFE INVESTMENT CORP www.ahl1776.com Industry Group Code: 524113 Ranks within this company's industry group: Sales: Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits:
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing: Y
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Underwriting-Individual and Group Insurance Group Life and Health Insurance Work Site Marketing Technology Sales Training Finance and Insurance Analysis
American Heritage Life Investment, a subsidiary of Allstate, is a company whose principal subsidiaries are life insurance companies. The company’s core business is the workplace market. The firm also markets group life and health insurance and credit life, disability and property products through licensed agents and brokers. In an effort to become the premiere work site marketing company in America, American Heritage has developed internal growth in its marketing divisions, strategically acquired companies that fit within its corporate mission and made strategic alliances that offer additional distribution of its products. American Heritage operates via many subsidiaries. Columbia Universal Life (CUL), for example, offers individual life insurance and annuities. CUL has been assigned a rating of A- from the A.M. Best Company, which reflects the subsidiary’s improved capital position, continued profitability and the complementary operational, administrative and distributive synergies with its parent, American Heritage. Similarly, Keystone State Life Insurance Company offers a broad portfolio of life insurance plans to individuals, including universal life, interest sensitive whole life and term insurance. Allstate Financial Workplace Division, the parent company, provides employees with a wide range of benefits. These include dental and vision care, reimbursement and bonuses for insurance industry courses passed, credit union membership and an exercise room. Additionally, the firm offers company sponsored activities such as community support programs and company fun days.
BRANDS/DIVISIONS/AFFILIATES: American Heritage Life Insurance Company First Colonial Insurance Company Keystone State Life Insurance Company American Heritage Insurance Services Concord Heritage Life Insurance Company Columbia Universal Life Insurance Company Allstate
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. C. Richard Morehead, CEO C. Richard Morehead, Pres. John K. Anderson Jr., CFO David A. Bird, Exec. VP-Chief Mktg. Officer Brenda Abercrombie, Human Resources John K. Anderson, Jr., Corp. Sec. John K. Anderson Jr., Tres.
Phone: 904-992-1776 Fax: 904-992-2658 Toll-Free: Address: 1776 American Heritage Life Dr., Jacksonville, FL 32224 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for months. 2001 Sales: $ ( months) 2001 Profits: $ ( months) 2000 Sales: $ 2000 Profits: $ Stock Ticker: Subsidiary 1999 Sales: $ 1999 Profits: $ Employees: 36,952 1998 Sales: $36,388 1998 Profits: $36,746 Fiscal Year Ends: 12/31 1997 Sales: $31,058 1997 Profits: $31,360
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Profit Sharing: Y Top Exec. Salary: $ Stock Purch. Plan: Y Second Exec. Salary: $ Focus on group life through payroll deduction plans.
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
LOCATIONS: ("Y" = Yes) West:
Southwest: Y
Midwest:
Bonus: Bonus:
Southeast: Y
$ $
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
184
www.plunkettresearch.com
AMERICAN HOME MORTGAGE HOLDINGS INC www.americanhm.com Industry Group Code : 522310 Ranks within this company's industry group: Sales: 11 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Y
Profits: 9
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Mortgage Loans Online Mortgage Origination
American Home Mortgage Holdings, Inc. (American Home), together with its subsidiaries, American Home Mortgage Corp. (AHM) and Marina Mortgage Company, Inc. (Marina), is one of the nation's largest independent retail mortgage banking companies principally engaged in the business of originating and selling residential mortgage loans. The company offers a broad array of residential mortgage products targeted to high-creditquality borrowers over the Internet, as well as through its approximately 475 primarily commission-compensated loan originators. American Home operates from 53 loan offices in the New York metropolitan area and six other eastern states, and in California, Illinois, New Mexico and Arizona. The company operates as a mortgage banker, underwriting, funding and selling its loan products to more than 45 different buyers. American Home markets its mortgage products over the Internet through its site, MortgageSelect.com, in addition to traditional channels. The firm has maintained its focus on residential purchase transactions rather than refinancing by concentrating its marketing, advertising and personnel resources on lending to home buyers rather than to home owners seeking to refinance their mortgage loans. In recent news, American Home entered into an agreement to acquire Valley Bancorp, Inc. and its wholly owned subsidiary Valley Bank of Maryland, a federal savings bank located in suburban Baltimore, Maryland.
BRANDS/DIVISIONS/AFFILIATES: MortgageSelect.com American Home Mortgage Corp. Marina Mortgage Company, Inc. Valley Banc orp, Inc.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Michael Strauss, CEO Michael Strauss, Pres. Robert E. Burke, CFO Donald Henig, Exec. VP-New Sales Channels Richard D. Silver, Controller/Sr. VP Andrew P. Valentine, VP/Corp. Counsel Dena Kwaschyn, Sr. VP-Oper. Mitchell Eininger, VP-Bus. Dev. Scott Messina, Sr. VP-Internet Oper. James P. O'Reilly, Sr. VP-Secondary Mktg. Leonard Schoen, Sr. VP Lawrence S. Jones, VP-Quality Control & Compliance
Phone: 877-281-5500 Fax: 516-908-3628 Toll-Free: 800-991-0979 Address: 520 Broadhollow Road, Melville, NY 11747 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $86,400 ( 9 months) 2001 Profits: $15,900 ( 9 months) 2000 Sales: $58,300 2000 Profits: $5,400 Stock Ticker: AHMH 1999 Sales: $24,900 1999 Profits: $3,900 Employees: 1,006 1998 Sales: $20,200 1998 Profits: $4,900 Fiscal Year Ends: 12/31 1997 Sales: $11,300 1997 Profits: $1,400
SALARIES/BENEFITS: Pension Plan: Savings Plan:
ESOP Stock Plan: Stock Purch. Plan:
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Top Exec. Salary: $355,329 Second Exec. Salary: $260,000 Aggressive expansion/Online services.
Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
Profit Sharing:
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Bonus: Bonus:
$ $
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
www.plunkettresearch.com
185
AMERICAN INTERNATIONAL GROUP INC Industry Group Code: 524113 Ranks within this company's industry group: Sales: 2 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Y
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
www.aig.com
Profits: 1
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Insurance Company-Underwriting Life Insurance Property and Casualty Insurance Retirement Products Annuities Financial Services
American International Group, Inc. (AIG) is a leading U.S.based international insurance and financial services organization and one of the largest underwriters of commercial and industrial insurance in the U.S. The company’s member companies offer a range of insurance products through a variety of distribution channels in 130 countries. AIG is also involved in financial services and asset management, real estate investment management, retirement savings products, consumer finance and institutional, retail and direct investment fund asset management. AIG offers web sites that may be accessed through the AIG Internet gateway. Aigdirect.com, for consumers and small businesses, offers insurance products underwritten by AIG member companies. Aigonline.com, for risk managers and business professionals, offers analytical tools and information on risk management. Accessaig.com, for brokers, agents, registered representatives and broker/dealers, provides agents working with AIG’s Domestic Brokerage Group, Life Companies or SunAmerica with detailed product and industry information and provides customers with account information and communication with local AIG member companies. Domestic General Brokerage Group, through brokers, markets property-casualty insurance products and services. Domestic Personal Lines, using multiple distribution channels, markets personal insurance products, principally automobile insurance in the U.S. The Foreign General Group consists of the international property-casualty operations of AIG. The life insurance division, located largely overseas, includes the most extensive worldwide network of any life insurer. The Asset Management Group contains AIG’s growing investment management businesses. In recent news, AIG purchased American General and looks to strengthen its share of the lucrative U.S. retirement planning and services market. The company offers its employees basic benefits, training and development, childcare and other programs and discounts.
BRANDS/DIVISIONS/AFFILIATES: Domestic General Brokerage Group SunAmerica American Internatinal Assurance Company, Ltd. American Life Insurance Company International Lease Finance Corporation AIG Global Investment Group, Inc. American General
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Maurice R. (Hank) Greenberg, CEO Evan G. Greenberg, COO Howard I. Smith, Exec. VP/CFO/Comptroller Axel I. Freudman, Sr. VP-Human Resources Kathleen E. Shannon, VP-Sec. Ernest T. Patrikis, Sr. VP/General Counsel Lawrence W. English, Sr. VP-Admin. Steven A. Rautenberg, VP-Comm. Carol A. McFate, Treas. Robert M. Sandler, Exec. VP-Senior Claims Officer Win J. Neuger, Sr. VP-Chief Investment Officer William N. Dooley, Sr. VP-Financial Services
Phone: 212-770-7000 Fax: 212-509-9705 Toll-Free: Address: 70 Pine St., New York, NY 10270-0002 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $40,888,000 ( 9 months) 2001 Profits: $3,497,000 ( 9 months) 2000 Sales: $42,426,000 2000 Profits: $5,636,000 Stock Ticker: AIG 1999 Sales: $37,726,000 1999 Profits: $5,055,000 Employees: 61,000 1998 Sales: $33,025,000 1998 Profits: $4,282,000 Fiscal Year Ends: 12/31 1997 Sales: $29,754,000 1997 Profits: $3,711,000
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Profit Sharing:
Top Exec. Salary: $1,000,000 Bonus: $5,000,000 Second Exec. Salary: $700,000 Bonus: $545,000 Offices worldwide/One of the most profitable U.S.-based insurance and financial services organizations/AIG is a major force in the insurance industry.
Apparent Women Officers or Directors: 3 Hot Spot for Advancement for Women/Minorities: Y
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International: Y
186
www.plunkettresearch.com
AMERICAN NATIONAL INSURANCE COMPANYwww.anico.com Industry Group Code: 524113 Ranks within this company's industry group: Sales: 42 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 38
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Proc essing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Underwriting-Diversified Insurance Property/Casualty Insurance Annuities Investment Advisory Services Mutual Funds Life Insurance
American National Insurance Company has evolved into an industry leader, ranking among the largest of American insurance firms. Directly and through subsidiaries, the organization offers a broad line of insurance coverage, including individual life, health and annuities; group life and health; personal lines property and casualty; and credit insurance. American National Property and Casualty Insurance Company (ANPAC), a subsidiary, offers personal lines property and casualty insurance in 37 states. Notably, Standard and Poor’s rates ANPAC by an AA++ rating (the highest of its kind) for its claims-paying ability, and A.M. Best has upgraded the subsidiary from an A to an A+. Securities Management and Research, Inc. (SM&R), another subsidiary of American National Insurance Company, is an investment adviser and principal underwriter for mutual funds and variable life and annuity products offered by the parent company. SM&R also provides individual money management services to larger investors. The firm’s Credit Insurance Division oversees the credit life and accident and health insurance coverage that is written through automobile dealers, banks, credit unions, furniture and appliance dealers. American National Insurance is licensed to conduct business in all states, the District of Columbia, Puerto Rico, Guam and American Samoa. In addition, the company is authorized to sell its products to American military personnel in Western Europe. In recent company news, American National Insurance completed its acquisition of Farm Family Holdings, Inc., the parent company of Farm Family Casualty Insurance, Farm Family Life and the United Farm Family Insurance companies. Farm Family will continue as a subsidiary. American National Insurance Company actively recruits college graduates by participating in several job fairs on many campuses. The company provides extensive training to graduates, regardless of their specific degree, and places a strong emphasis on continuing education.
BRANDS/DIVISIONS/AFFILIATES: Standard Life and Accident Insurance Company American National Life Insurance Company of Texas American National Property and Casualty Company Garden State Life Insurance Company Securities Management & Research, Inc. ANREM Corporation ANTAC, Inc. Farm Family Holdings, Inc.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Robert L. Moody, CEO G. Richard Ferdinandtsen, Pres. G. Richard Ferdinandtsen, COO Stephen E. Pavlicek, CFO/Sr. VP-Acc. David A. Behrens , Exec. VP-Independent Mktg. Glenn C. Langley, Sr. VP-Human Resources Stephen E. Pavlicek, Controller James E. Pozzi, Exec. VP-Corp. Planning Gareth W. Tolman, Sr. VP-Corp. Affairs Michael W. McCrosky, Exec. VP-Investments Vincent E. Soler, Jr., Treas. Gregory V. Ostergren, CEO/Pres.-American National Property and Casualty John Stockton, Sr. VP-Garden State Life Insurance E. Harrison Martin, Sr. VP-Standard Life and Accident Insurance George W. Marchand, VP-Life Underwriting
Phone: 409-763-4661 Fax: 409-766-6663 Toll-Free: Address: 1 Moody Plaza, Galveston, TX 77550-7999 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $1,579,600 ( 9 months) 2001 Profits: $73,600 ( 9 months) 2000 Sales: $1,834,500 2000 Profits: $140,200 Stock Ticker: ANAT 1999 Sales: $1,889,600 1999 Profits: $266,600 Employees: 4,300 1998 Sales: $1,744,700 1998 Profits: $197,400 Fiscal Year Ends: 12/31 1997 Sales: $1,739,900 1997 Profits: $248,400
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Top Exec. Salary: $ Second Exec. Salary: $ One of the top public insurance companies in the U.S.
Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
Profit Sharing:
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Bonus: Bonus:
Southeast: Y
$ $
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International: Y
www.plunkettresearch.com
187
AMERICREDIT CORP
www.americredit.com
Industry Group Code: 522310 Ranks within this company's industry group: Sales: 4 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 4
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Mortgages Automobile Sale Finance Contracts
AmeriCredit Corp. is a national consumer finance company specializing in purchasing, securitizing and servicing automobile loans, as well as originating and selling mortgage loans. Through its AmeriCredit Financial Services branch network, the company purchases loans made by franchised and select independent dealers to consumers buying late-model used or new automobiles. Typically, the company targets borrowers who are unable to obtain financing from traditional sources. The company’s AmeriCredit Mortgage Services subsidiary originates mortgage loans and sells the loans and related servicing rights in wholesale markets. In addition to increasing its scale of operation, AmeriCredit Corp. emphasizes applying technology to all aspects of its business. Consequently, the firm plans to further automate its loan processing, which will result in faster funding for dealers. The company attributes its current success to strong receivables growth and good risk management results. In recent news, through a collaboration with J.P. Morgan Chase and Wells Fargo, AmeriCredit has created DealerTrack, a new company that will initiate the auto industry's switch to a web-based financing process. The collaboration intends to revolutionize dealer-lender contact by fully automating the entire role of the dealer. AmeriCredit instills a corporate-casual dress code within its company and provides a comprehensive employee benefits package.
BRANDS/DIVISIONS/AFFILIATES: AmeriCredit Financial Services, Inc. AmeriCredit Mortgage Services DealerTrack J.P. MorganChase Wells Fargo
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Michael R. Barrington, CEO Michael R. Barrington, Pres. Michael T. Miller, COO/Exec. VP Daniel E. Berce, CFO Brett Cohne, Dir.-Human Resources Randall K. Benefield, Dir.-MIS Gregory K. Ellis, Controller Chris A. Choate, General Counsel Kim Pulliam, Sr. VP- Investor Rel. Preston A. Miller, Treas.
Phone: 817-302-7000 Fax: 817-302-7101 Toll-Free: Address: 801 Cherry St., Ste. 3900, Fort Worth, TX 76102 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 12 months . 2001 Sales: $818,224 (12 months) 2001 Profits: $222,852 (12 months) 2000 Sales: $509,680 2000 Profits: $114,501 Stock Ticker: ACF 1999 Sales: $335,456 1999 Profits: $74,840 Employees: 4,392 1998 Sales: $209,336 1998 Profits: $49,301 Fiscal Year Ends: 6/30 1997 Sales: $123,356 1997 Profits: $29,849
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Y Profit Sharing: Top Exec. Salary: $680,000 Stock Purch. Plan: Y Second Exec. Salary: $655,000 Commitment to continued investments in personnel and systems.
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Bonus: Bonus:
$975,000 $937,500
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
188
www.plunkettresearch.com
AMERITRADE HOLDING CORP
www.ameritradeholding.com
Industry Group Code: 523110 Ranks within this company's industry group: Sales: 16 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Y Y
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 37
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Online Stock Brokerage/Investment Banking Clearing Services Investment Advice Financial Planning
Ameritrade Holding Corporation and its subsidiaries provide discount securities brokerage and clearing execution services to a wide variety of customers. The company’s primary focus is in providing products and services at prices that are significantly less than traditional full-commission securities brokers. Ameritrade Holding offers its brokerage customers a variety of means to trade securities, including buying and selling by phone, fax, personal digital assistant (PDA) and the Internet. The company also has options for customers who prefer to purchase securities through a live broker. The company has five subsidiaries: Ameritrade, Inc., a popular Internet brokerage firm; Advanced Clearing, Inc., which provides clearing services for the investment advisory and banking industries as well as investment professionals; AmeriVest, Inc., which provides brokerage services for banks, savings and loans and credit unions; Accutrade, Inc., a valueadded provider of Internet brokerage; and OnMoney, which offers comprehensive access to consumers’ personal finance needs through an Internet-based financial management system. In recent news, the company established a trading link with Australia's Macquarie Bank Group, which will trade U.S. securities through AmeriVest. More recently, Ameritrade Holding completed the acquisition of Houston-based TradeCast, a pioneer in online trading technology for brokerage professionals. Due to a general decrease in market activity, the company is cutting staff and advertising budgets while maintaining its focus on acquiring new accounts.
BRANDS/DIVISIONS/AFFILIATES: Accutrade, Inc. OnMoney Advanced Clearing, Inc. Amerivest, Inc. TradeCast, Inc.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Joe Moglia, CEO J. Randy MacDonald, CFO Peter D. Horst, VP-Mktg. Diane Speat, VP-Human Resources James Ditmore, CIO Robert Fowler, Controller J. Peter Ricketts, Senior VP-Strategy and Bus. Dev. Curt A. Conklin, Dir.-Internet Services Brenda J. Pool, Investor Relations Mgr. Robert T. Slezak, Treas. Kurt D. Halvorson, Pres.-Advanced Clearing, Inc. Mary R. Nocita, Pres.-AmeriVest, Inc. Vincent Passione, Pres./CEO-OnMoney
Phone: 402-331-7856 Fax: 402-597-7789 Toll-Free: 800-237-8692 Address: 4211 South 102nd Street, Omaha, NE 68127 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 12 months. 2001 Sales: $454,700 (12 months) 2001 Profits: $-91,200 (12 months) 2000 Sales: $654,500 2000 Profits: $-13,600 Stock Ticker: AMTD 1999 Sales: $315,300 1999 Profits: $11,500 Employees: 2,573 1998 Sales: $164,100 1998 Profits: $ 210 Fiscal Year Ends: 9/30 1997 Sales: $95,600 1997 Profits: $13,822
SAL ARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Profit Sharing: Y Top Exec. Salary: $540,003 Stock Purch. Plan: Y Second Exec. Salary: $367,933 Aggressive growth/Complete services.
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Apparent Women Officers or Directors: 3 Hot Spot for Advancement for Women/Minorities: Y
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest: Y
Southeast:
Bonus: Bonus:
$606,801 $64,969
Northeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
www.plunkettresearch.com
189
AMERUS GROUP CO
www.amerus.com
Industry Group Code: 524113 Ranks within this company's industry group: Sales: 56 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Y
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 52
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Insurance Company-Underwriting Life Insurance Annuities
AmerUs Group Co. is an insurance holding company engaged in the business of marketing, underwriting and distributing a broad range of individual life insurance and annuity products to individuals and businesses in the 50 U.S. states, the District of Columbia and the U.S. Virgin Islands. The company’s products are offered through its subsidiaries and range from whole life, universal life and term life insurance policies to fixed annuities. AmerUS Group functions solely as a holding company for AmerUs Home Equity, AmerUS Life, AmVestors and Delta Life & Annuity. AmerUs Life provides an array of individual life insurance and annuity services. AmVestors Financial Corporation is a holding company for American Investors Life and Financial Benefit Life and offers fixed-rate deferred and indexed annuities to the savings and retirement niches. Delta Life & Annuity offers annuity products that are found in single, flexible and equityindexed deferred forms. AmerUs’ target clients are middleand upper-income individuals and small businesses in rural and suburban areas. In recent news, AmerUs completed its acquisition of Indianapolis Life Co. (IL), formerly a mutual life insurance company that has since been converted into a stock life insurance firm. The newly purchased company retains its name and operates its four wholly-owned subsidiaries: Bankers Life Insurance, IL Annuity and Insurance, IL Securities and Western Security Life Insurance.
BRANDS/DIVISIONS/AFFILIATES: AmerUs Life Insurance Company Delta Life Corporation AmVestors Financial Corporation AMAL Corp. Delta Life & Annuity Company American Investors Life Insurance Company Financial Benefit Life Insurance Company Indianapolis Life
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Roger K. Brooks, CEO Roger K. Brooks, Pres. Michael G. Fraizer, CFO Victor N. Daly, Human Resources Officer Joseph K. Haggerty, General Counsel Victor N. Daly, Chief Admin. Officer/Exec. VP Marcia S. Hanson, Exec VP-Corp. Dev. Thomas C. Godlasky, Chief Investment Officer/Exec. VP Brian J. Clark, Sr. VP/Chief Product Officer Mark V. Heitz, CEO/Pres.-AmVestors Financial Corp. Mark V. Heitz, CEO/Pres.-Delta Life & Annuity Company
Phone: 515-362-3600 Fax: 515-362-3652 Toll-Free: Address: 699 Walnut St., Des Moines , IA 50309-3948 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $912,800 ( 9 months) 2001 Profits: $53,400 ( 9 months) 2000 Sales: $813,400 2000 Profits: $51,800 Stock Ticker: AMH 1999 Sales: $735,700 1999 Profits: $66,700 Employees: 759 1998 Sales: $693,300 1998 Profits: $62,800 Fiscal Year Ends: 12/31 1997 Sales: $362,500 1997 Profits: $58,100
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Y Profit Sharing: Top Exec. Salary: $575,000 Stock Purch. Plan: Second Exec. Salary: $365,000 A steady history of profitable growth.
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest: Y
Southeast:
Bonus: Bonus:
$1,100,000 $450,000
Northeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
190
www.plunkettresearch.com
AMSOUTH BANCORPORATION
www.amsouth.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 29 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Y
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y
Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 31
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y Y Y Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
Y
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Credit Cards Investment Management
AmSouth Bancorporation (AmSouth) is a financial holding company and bank holding company that offers a broad range of bank and bank-related services through its subsidiaries including AmSouth Bank. The company has three segments: consumer banking, which offers services to individuals and small businesses, including residential mortgages, equity lending, credit cards and loans for automobiles; commercial banking, which serves large and middle market corporate customers with credit, treasury management, international and capital real estate finance, asset based lending, commercial leasing and healthcare banking; and wealth management, which is comprised of fiduciary, retirement and broker/dealer services. AmSouth Bank also operates a network of approximately 1,250 automated teller machines. In recent news, AmSouth Bank has made a substantial upgrade to its Internet banking software, improving speed and ease of use. AmSouth also recently obtained grants to help several organizations provide affordable housing across the Southeast. AmSouth offers employees a benefit package that includes a company-paid retirement plan, a thrift savings plan, a stock purchase program, tuition reimbursement, paid vacations and insurance.
BRANDS/DIVISIONS/AFFILIATES: AmSouth Bank
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. C. Dowd Ritter, CEO C. Dowd Ritter, Pres. Sloan D. Gibson, CFO David B. Edmonds, Sr. Exec. VP-Human Resources Stephen A. Yoder, Corp. Sec. Stephen A. Yoder, General Counsel Grayson Hall, Sr. Exec. VP-Oper. Candice W. Bagby, Sr. Exec. VP-Consumer Banking Group Geoffrey A. von Kuhn, Sr. Exec. VP-Weath Management Group Stephen A. Yoder, Exec. VP-Law Division
Phone: 205-581-7755 Fax: 205-560-3879 Toll-Free: 800-267-6884 Address: 1900 5th Ave. North, Birmingham , AL 35203 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $2,589,100 ( 9 months) 2001 Profits: $395,800 ( 9 months) 2000 Sales: $3,739,900 2000 Profits: $329,100 Stock Ticker: ASO 1999 Sales: $3,780,300 1999 Profits: $340,500 Employees: 12,296 1998 Sales: $3,641,800 1998 Profits: $474,100 Fiscal Year Ends: 12/31 1997 Sales: $3,345,100 1997 Profits: $473,700
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Profit Sharing: Top Exec. Salary: $900,000 Stock Purch. Plan: Y Second Exec. Salary: $410,000 Broad expertise in different banking needs.
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Apparent Women Officers or Directors: 2 Hot Spot for Advancement for Women/Minorities: Y
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Southeast: Y
Bonus: Bonus:
$810,000 $272,650
Northeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
www.plunkettresearch.com
ANCHOR BANCORP WISCONSIN
www.anchorbank.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 94 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Y Y
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
191 Profits: 96
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking/Savings Association Mortgages Insurance Products Securities Annuities Holding and Developing Foreclosed Properties
Anchor BanCorp Wisconsin Inc. is a holding company engaged in the savings and loan business through its subsidiary Anchor Bank, S.S.B. The bank also provides other financial services through its smaller subsidiaries. Anchor Insurance Services, Inc. offers insurance products, securities and annuities; ADPC II, LLP and ADPC Corporation hold and develop foreclosed property; and Nevada-based Anchor Investment Corporation manages a portion of the bank’s portfolio. In addition, the company invests in limited partnerships through its non-banking subsidiaries, Investment Directions, Inc. and Nevada Investment Directions, Inc. Anchor BanCorp utilizes stock buyback plans to complement its subsidiaries' performances. The firm's growth strategy revolves around taking an interest in the consumer and small business markets with the willingness to expand its services to meet customers’ changing financial needs. Since its inception as a publicly held corporation, Anchor BanCorp has maintained total assets at $3 billion, which makes the bank Wisconsin’s largest savings association. The franchise network includes 49 full-service offices and three service centers, as well as telephone and Internet banking options, known as TeleBranch and WebBranch. In recent company news, Anchor BanCorp completed its merger with Ledger Capital Corp., formerly known as Hallmark Capital Corp.
BRANDS/DIVISIONS/AFFILIATES: AnchorBank, S.S.B. Investment Directions, Inc. Nevada Investment Directions, Inc. Anchor Insurance Services, Inc. ADPC Corporation Anchor Investment Corporation Ledger Capital Corp. Hallmark Capital Corp.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Douglas J. Timmerman, CEO Douglas J. Timmerman, Pres. Michael W. Helser, CFO Ronald R. Osterholz, VP-Human Resources Michael W. Helser, Treas.
Phone: 608-252-8700 Fax: 608-252-1895 Toll-Free: Address: 25 West Main St., Madison, WI 53703 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 12 months. 2001 Sales: $242,200 (12 months) 2001 Profits: $27,000 (12 months) 2000 Sales: $215,800 2000 Profits: $19,500 Stock Ticker: ABCW 1999 Sales: $173,982 1999 Profits: $23,500 Employees: 832 1998 Sales: $161,183 1998 Profits: $20,501 Fiscal Year Ends: 3/31 1997 Sales: $154,102 1997 Profits: $13,948
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Y Profit Sharing: Y Stock Purch. Plan: Y Growth through acquisitions.
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Apparent Women Officers or Directors: Hot Spot for Advancement for Women/Minorities:
Top Exec. Salary: $473,750 Second Exec. Salary: $135,825
LOCATIONS: ("Y" = Yes) West: Y
Southwest:
Midwest: Y
Southeast:
Bonus: Bonus:
$106,000 $48,545
Northeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
192
www.plunkettresearch.com
ANTHEM INC
www.anthem-inc.com
Industry Group Code: 524113 Ranks within this company's industry group: Sales: 19 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 32
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Underwriting-Health Insurance Medicare HMO Medicaid HMO Prescription Benefits Management Life Insurance
Anthem, Inc. is a leading health care benefits company providing benefits plans and management services to more than 7 million Americans. Anthem serves its customers through several subsidiaries. AdminaStar Federal administers government contracts for Medicare. Anthem Health of New York is a health care provider that operates a management network of providers and hospitals in the New York, New Jersey and southern Connecticut metropolitan areas. Anthem Life provides group life and disability to Blue Cross and Blue Shield Customers as the Blue Cross and Blue Shield licensee in eight states. The Anthem Prescription subsidiary is a pharmacy benefits manager that administers pharmacy programs in cooperation with leading health care plans. Anthem Alliance Health Insurance Company, Anthem Benefit Administrators and Anthem Health Plans of Kentucky are all affiliates for Anthem’s Midwest Provider contracts. The company is in the process of demutualization and conversion to a stock insurance company and had begun contacting approximately 1 million Statutory Members in October 2001. To make the demutualization transition, the company must have approval from the Indiana Department of Insurance and the Statutory Members. Anthem, Inc. provides employment opportunities in its selected service areas in the Northeast, Midwest and Western portions of the United States.
BRANDS/DIVISIONS/AFFILIATES: AdminaStar Federal Anthem Blue Cross Anthem Life Anthem Prescription Management Anthem Benefit Adminstrators Anthem Health Plans of Kentucky Anthem Health of New York Anthem Insurance Companies Inc
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Larry C. Glasscock, CEO Larry C. Glasscock, Pres. Michael L. Smith, CFO Randal L. Brown, Sr. VP-Human Resources Jane Niederberger, CIO Samuel R. Nussbaum, Chief Medical Officer David R. Frick, Chief Legal Officer David R. Frick, Chief Admin. Officer Mark Boxer, Sr. VP-e-Commerce Tami L. Durle, VP- Investor Rel. Marjorie Dorr, Pres., Anthem Blue Cross and Blue Shield East Keith Faller, Pres., Anthem Blue Cross and Blue Shield Midwest Caroline Matthews, COO., Anthem Blue Cross and Blue Shield West Barbara Gagel, Chairman, Anthem Alliance and AdminaStar Federal
Phone: 317-488-6000 Fax: 317-488-6028 Toll-Free: Address: 120 Monument Cir., Indianapolis , IN 46204 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $7,782,500 ( 9 months) 2001 Profits: $254,500 ( 9 months) 2000 Sales: $8,771,000 2000 Profits: $226,000 Stock Ticker: ATH 1999 Sales: $6,270,100 1999 Profits: $44,900 Employees: 14,800 1998 Sales: $5,682,400 1998 Profits: $172,400 Fiscal Year Ends: 12/31 1997 Sales: $ 1997 Profits: $
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Profit Sharing:
Top Exec. Salary: $ Second Exec. Salary: $ Diversified business with large market share.
Apparent Women Officers or Directors: 5 Hot Spot for Advancement for Women/Minorities: Y
LOCATIONS: ("Y" = Yes) West: Y
Southwest:
Midwest: Y
Bonus: Bonus:
Southeast:
$ $
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
www.plunkettresearch.com
193
AON CORPORATION
www.aon.com
Industry Group Code: 524210 Ranks within this company's industry group: Sales: 2 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Y
Profits: 2
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Y
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
Y
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Insurance Brokerage and Consulting Consumer Insurance Underwriting Risk Management Human Capital Consulting Services Online Business Services
Aon Corporation is engaged in three major business segments: commercial brokerage, consulting services and consumer insurance underwriting. Aon is one of the world’s largest insurance brokerage and consulting companies. Other services include risk management and human capital consulting. A Fortune 500 company, the firm offers many of its services online. These include AonLine, Aon Market Exhange and Aon Risk Monitor. Human Capital Consulting Services provides solutions that help clients with employee benefits, compensation, management consulting and human resources outsourcing. Aon’s subsidiary Aon Re Worldwide provides services in the design, structure and implementation of its risk-transfer programs. Aon offers companies help in addressing the risks that they take in conducting business across geographic, cultural and legal lines. It analyzes its clients’ businesses through a variety of risk management processes such as enterprise risk management. Aon’s brokerage operations consist of retail and wholesale insurance for groups and businesses, while its insurance underwriting segment offers supplementary health, accident and life insurance and extended warranties for consumer goods. The firm operates in more than 130 countries around the world out of about 550 offices. In recent news, Aon launched a new risk management web site, Wired for Growth, that provides e-consulting services and risk management products designed to cover technology companies. Also recently, Aon’s subsidiary, Aon Consulting, Inc., acquired Coalition Purchasing Group, a purchasing group coordinator in the employee benefits field. The company focuses on its global opportunities with offices in over 120 countries. It stresses continuous employee learning from formal programs and from shared experiences in the workplace.
BRANDS/DIVISIONS/AFFILIATES: AonLine Aon Market Exhange Aon Risk Monitor Aon Re Worldwide Aon Consulting, Inc. Coalition Purchasing Group
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Patrick G. Ryan, CEO Michael D. O'Halleran, Pres. Michael D. O'Halleran, COO Harvey N. Medvin, Exec. VP/CFO Melody L. Jones, VP-Human Resources June Drewry, Exec.VP/CIO Joseph J. Prochaska, Jr., Sr. VP/Controller Kevann M. Cooke, VP/Corp. Sec. Raymond I. Skilling, Exec. VP/Chief Counsel Diane M. Aigotti, Treas. Michael A. Conway , Sr. VP/Sr. Investment Officer Joseph W. Shenton, Sr. VP Robert A. Rosholt, Exec. VP Richard F. Ferrucci, Sr. VP
Phone: 312-701-3000 Fax: 312-701-3100 Toll-Free: Address: 123 N. Wacker Dr., Chicago, IL 60606-1700 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $5,640,000 ( 9 months) 2001 Profits: $120,000 ( 9 months) 2000 Sales: $7,375,000 2000 Profits: $474,000 Stock Ticker: AOC 1999 Sales: $7,070,000 1999 Profits: $352,000 Employees: 51,000 1998 Sales: $6,493,000 1998 Profits: $541,000 Fiscal Year Ends: 12/31 1997 Sales: $5,751,000 1997 Profits: $299,000
SALARIES/BENEFITS: Pension Plan: Y Savings Plan:
ESOP Stock Plan: Stock Purch. Plan:
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Profit Sharing:
Top Exec. Salary: $1,125,000 Second Exec. Salary: $1,000,000 One of the world's fastest-growing global insurance services organizations.
Apparent Women Officers or Directors: 3 Hot Spot for Advancement for Women/Minorities: Y
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Bonus: Bonus:
$990,000 $900,000
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International: Y
194
www.plunkettresearch.com
ARGONAUT GROUP INC
www.argonautgroup.com
Industry Group Code: 524113 Ranks within this company's industry group: Sales: 83 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 109
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Worker's Compensation Insurance Real Estate Operations
Argonaut Group, Inc. is a holding company whose subsidiaries are primarily engaged in the insurance and real estate industries. Subsidiary Argonaut Insurance focuses on workers’ compensation insurance, which makes up about 99% of its premiums and maintains an A.M. Best and Standard & Poor's rating of A (Excellent). Argonaut Great Central Insurance sells and underwrites property, general, automobile, commercial and workers’ compensation insurance, while AGI Properties conducts real estate leasing. U.S. Treasury securities and other low-risk investments make up most of Argonaut Group’s portfolio. Recently, the company agreed to acquire Front Royal, Inc. Front Royal owns three subsidiaries, Colony Insurance Group, Rockwood Casualty Insurance Company and The Redwoods Group, which are expected to double premium revenues. Under the terms of the agreement, the newly bought insurance company will operate as a subsidiary under the Argonaut Group. Particularly, Front Royal has expertise with excess and surplus lines and workers compensation for specific business types. In other news, the company has terminated its agreement to acquire purchase of Queensway Financial Holdings Limited.
BRANDS/DIVISIONS/AFFILIATES: Argonaut Insurance Company Argonaut Great Central Insurance Company AGI Properties, Inc. Rockwood Casualty Insurance Company Redwoods Group, The Trident Insurance Services Colony Insurance Group Front Royal, Inc.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Mark E. Watson III, CEO Mark E. Watson III, Pres. Mark Haushill, Sr. VP/CFO-Argonaut Insurance Jim Richter, VP-Human Resources Byron LeFlore, Jr., General Counsel Mark Haushill, Treas. John W. Polak, Pres./CEO-Argonaut Great Central
Phone: 210-321-8400 Fax: 210-337-2637 Toll-Free: 800-222-7811 Address: 10101 Reunion Place, Ste. 800, San Antonio, TX 78216 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $173,500 ( 9 months) 2001 Profits: $3,500 ( 9 months) 2000 Sales: $209,900 2000 Profits: $-83,300 Stock Ticker: AGII 1999 Sales: $164,300 1999 Profits: $-15,200 Employees: 435 1998 Sales: $267,100 1998 Profits: $62,700 Fiscal Year Ends: 12/31 1997 Sales: $256,600 1997 Profits: $48,500
SALARIES/BENEFITS: Pension Plan: Y Savings Plan:
ESOP Stock Plan: Profit Sharing: Top Exec. Salary: $360,000 Stock Purch. Plan: Y Second Exec. Salary: $193,125 Recently opened new offices in Kansas City.
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Apparent Women Officers or Directors: Hot Spot for Advancement for Women/Minorities: Y
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Bonus: Bonus:
$ $32,000
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
www.plunkettresearch.com
195
ARTHUR J GALLAGHER & CO
www.ajg.com
Industry Group Code: 524210 Ranks within this company's industry group: Sales: 3 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 3
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Y
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
Y
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Insurance Brokerage and Management Risk Management Services Employee Benefit Services Investment Operations Claims Management
Arthur J. Gallagher & Co. (Gallagher) and its subsidiaries are engaged in providing insurance brokerage, risk management, employee benefits and other related services to clients in the U.S. and abroad. The firm is the world’s fourth largest insurance broker. Gallagher is a market leader in serving middle-market commercial clients and is one of the country’s leading third-party claims managers and employee benefit service providers. The company operates through a network of offices located throughout the U.S. and nine countries abroad and through a network of correspondent brokers and consultants in more than 100 countries around the world. The firm has purchased a number of companies, thereby expanding its scale and scope of operations. Recently, Gallagher acquired five insurance companies, namely Cashan & Company, Hartstein Associates, Inc., Henderson Phillips Fine Arts, Nelson/Monarch Insurance Services, Ltd. and The Galtney Group, Inc. Cashan & Company provides property/casualty insurance, risk management and employee benefit services to governmental, personal and commercial clients. The Hartstein Associates offers employee benefit, human resources brokerage and consulting services with special experience in nonprofit hospitals. Henderon Phillips is one of the largest brokers that specialize in museum and fine art insurance. Nelson/Monarch offers retail and wholesale insurance to energy related risks and other public entities. The Galtney Group is a leading independent property and casualty insurance broker that focuses solely on the healthcare industry and is one of the 25 largest privately held U.S. insurance brokers. In addition, the company acquired three surety bond agencies: E.S. Susanin, Inc., which targets Northeast construction companies, as well as Midwest Surety Services and Central Surety Services, both of which also specialize in issuing surety bonds to the construction industry.
BRANDS/DIVISIONS/AFFILIATES: Gallagher Benefit Services Cashan & Company Hartstein Associates, Inc. Henderson Phillips Fine Arts Nelson/Monarch Insurance Services, Ltd. Galtney Group, The E.S. Susanin, Inc. Midwest Surety Services
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. J. Patrick Gallagher, Jr., CEO J. Patrick Gallagher, Jr., Pres. Michael J. Cloherty, Exec. VP/CFO Bette J. Brinkerhoff, VP-Human Resources Richard C. Cary, Controller John C. Rosengren, VP/General Counsel Jack H. Lazarro, Treas. Peter J. Durkalski, VP/Managing Dir. Michael J. Cloherty, CEO-Brokerage Services Division
Phone: 630-773-3800 Fax: 630-285-4000 Toll-Free: Address: Two Pierce Place, Itasca, IL 60143-3141 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $656,100 ( 9 months) 2001 Profits: $92,100 ( 9 months) 2000 Sales: $740,596 2000 Profits: $87,776 Stock Ticker: AJG 1999 Sales: $656,404 1999 Profits: $70,250 Employees: 5,200 1998 Sales: $603,710 1998 Profits: $58,683 Fiscal Year Ends: 12/31 1997 Sales: $524,600 1997 Profits: $57,600
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Profit Sharing:
Top Exec. Salary: $650,000 Second Exec. Salary: $600,000
Bonus: Bonus:
$500,000 $285,000
Exhibits continued profitable growth.
Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International: Y
196
www.plunkettresearch.com
ASSOCIATED BANC-CORP
www.assocbank.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 52 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 46
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Credit Cards Insurance Services
Associated Banc-Corp (Associated) is a diversified multibank holding company that targets individuals and local businesses with over 200 banking locations in Wisconsin, Minnesota and Illinois. Through its banking and non-banking subsidiaries, Associated offers a range of financial products and services such as business banking; trust, asset management and investment services; retail banking; credit and debit cards; personal loans; full-service, discount and online investment brokerage; personal trust; employee benefit plan investment management; insurance; leasing; correspondent banking; cash management services and international banking. The majority of the firm’s loan portfolio cons ists of real estate mortgages, which are largely for residential properties. Associated has recently merged all Wisconsin bank affiliates into a single national banking charter, headquartered in Green Bay, Wisconsin, under the name Associated Bank, National Association. In other recent news, the company has acquired Signal Financial Corp., a Minnesota financial holding company. Associated Banc-Corp offers employees extensive benefits including paid time off, health and dental care as well as other insurance coverage, a pension plan, a retirement savings plan, a profit sharing plan, tuition reimbursement, banking product benefits, a computer purchase program, relocation assistance and a casual dress code.
BRANDS/DIVISIONS/AFFILIATES: Signal Financial Corp.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Robert C. Gallagher, CEO Robert C. Gallagher, Pres. Joseph B. Selner, CFO Cindy K. Moon-Mogush, Dir.-Mktg. Robert J. Johnson, Dir.-Human Resources Teresa A. Rosengarten, Treas. Randall J. Peterson, Chief Credit Officer Mary A. Bamber, Dir.-Retail Banking
Phone: 920-491-7000 Fax: 920-491-7010 Toll-Free: 800-682-4989 Address: 1200 Hansen Rd., Green Bay, WI 54304 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $820,300 ( 9 months) 2001 Profits: $133,200 ( 9 months) 2000 Sales: $1,115,400 2000 Profits: $168,000 Stock Ticker: ASBC 1999 Sales: $980,400 1999 Profits: $164,900 Employees: 3,853 1998 Sales: $953,700 1998 Profits: $157,000 Fiscal Year Ends: 12/31 1997 Sales: $883,200 1997 Profits: $52,400
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Profit Sharing: Y Top Exec. Salary: $472,122 Stock Purch. Plan: Y Second Exec. Salary: $323,078 Wide range of products/Regional focus.
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Apparent Women Officers or Directors: 3 Hot Spot for Advancement for Women/Minorities: Y
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest: Y
Southeast:
Bonus: Bonus:
$175,000 $105,000
Northeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
www.plunkettresearch.com
197
ASSURANT GROUP
www.assurant.com
Industry Group Code: 524113 Ranks within this company's industry group: Sales: Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits:
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Y
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
Y
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Insurance Underwriting-Specialty Property/Casualty Insurance Life and Health Insurance Service Programs Management and Outsourcing Services Marketing and Telemarketing Programs Investment Services
Assurant Group, owned by Fortis, Inc., is engaged in the specialty insurance industry and has operations in the United States, Canada, Latin America, the Caribbean, Denmark, Ireland and the United Kingdom. The company serves its customers through services and products in the automotive, banking, consumer finance, credit union, mortgage, retail, sales finance and utility industries. Assurant provides insurance, membership programs and extended service programs through its insurance and specialty services member companies. These programs usually cater to specific parts of the population that tend to be underserved by the insurance industry. The firm then markets these programs on a wholesale basis through strategic marketing partnerships with entities that are engaged in consumer financing. These include major financial institutions, retailers, manufactured housing and automobile dealers and utility companies. Additionally, the company markets life, health, property and casualty programs through partnerships with agents and managing general agents. Assurant’s subsidiaries are spread throughout the world and include American Bankers Argentina, Bankers Insurance Company Limited of the U.K., Caribbean American de Panama and Caribbean American Property Insurance Company of Puerto Rico. In recent news, driversshield.com entered into a multi-year contract with Assurant to increase revenue from memberships in the driversshield.com Auto Discounts and Services Program. Assurant will market the company's program to credit union members nationwide through Internet web sites, direct mail and telemarketing. The company offers its employees tuition reimbursement for business-related degree courses, as well as payment for job-related courses. Additionally, employees are offered a referral program, a suggestion bonus plan and a reward recognition program.
BRANDS/DIVISIONS/AFFILIATES: American Security Group American Bankers Argentina Bankers Insurance Company Limited (U.K.) Caribbean American de Panama Caribbean American Property Insurance Company driversshield.com Fortis, Inc.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Bruce Camachio, CEO Bruce Camachio, Pres. Kevin Klotz, COO Kevin Klotz, CFO Kathryn Stoddard, Human Resources John B. Owen, Exec. V P-Info. Tech. Peter E. McNally, Exec. VP-Strategy Jim Sykes, VP-Corp. Comm. Darrell J. Gambero, Exec. VP-Sales and Mktg. Kevin Klotz, Exec. VP-Sales and Mktg.
Phone: 770-763-1000 Fax: 770-859-4403 Toll-Free: Address: 260 Interstate North Circle, NW, Atlanta, GA 303392111 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for months. 2001 Sales: $ ( months) 2001 Profits: $ ( months) 2000 Sales: $ 2000 Profits: $ Stock Ticker: Subsidiary 1999 Sales: $ 1999 Profits: $ Employees: 4,800 1998 Sales: $ 1998 Profits: $ Fiscal Year Ends: 12/31 1997 Sales: $ 1997 Profits: $
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Profit Sharing:
Top Exec. Salary: $ Second Exec. Salary: $
Bonus: Bonus:
$ $
Relationship with Fortis.
Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International: Y
198
www.plunkettresearch.com
ASTORIA FINANCIAL CORP
www.astoriafederal.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 43 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Y
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 39
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking/Savings Association Mortgages Commercial Real Estate Mutual Funds Tax-Deferred Annuities
Astoria Financial Corporation is the holding company for Astoria Federal Savings and Loan Association. With total assets of approximately $23 billion, Astoria Financial Corporation is the second largest publicly traded thrift institution in New York and the sixth largest nationally. The thrift targets individuals and regional businesses, with over 700,000 customers and about 90 branches in New York City and upstate New York. Lending activities consist almost wholly of single-family mortgages. Subsidiaries of the company are involved in real estate, mutual funds and tax-deferred annuities. The company’s objectives include building a stronger franchise through acquisitions, broadening residential mortgage lending capabilities and managing interest rate risk. Astoria also takes part in serving the community through its participation in affordable housing initiatives in conjunction with groups like Neighborhood Housing Services and Habitat for Humanity. For the fourth consecutive time, Astoria Federal Savings and Loan was awarded an outstanding CRA rating, the highest rating to be offered by the Office of Thrift Supervision. In addition, Astoria was also recognized as a leader in community lending. Astoria Financial encourages employees to participate in and support the spirit of Team Astoria, a philosophy based on team efforts.
BRANDS/DIVISIONS/AFFILIATES: Astoria Federal Savings and Loan Association AF Agency, Inc. Greater Investment Service, Inc. AF Staten Island Development Corp. Infoserve Astoria Preferred Funding Corporation Astoria Federal Mortgage Corporation Carborundum Realty Ltd.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. George L. Engelke, Jr., CEO-Astoria Financial and Astoria Federal George L. Engelke, Jr., Pres. Monte N. Redman, CFO/Exec. VP Arnold K. Greenberg, Exec. VP/Human Resources Contact Alan P. Eggleston, Corp. Sec. Alan P. Eggleston, General Counsel/Exec. VP Gerard C. Keegan, Chief Admin. Officer Thomas W. Drennan, Exec. VP
Phone: 516-327-3000 Fax: 516-327-7461 Toll-Free: 800-278-6742 Address: One Astoria Federal Plaza, Lake Success, NY 110421085 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $1,169,500 ( 9 months) 2001 Profits: $168,100 ( 9 months) 2000 Sales: $1,587,200 2000 Profits: $216,500 Stock Ticker: ASFC 1999 Sales: $1,582,000 1999 Profits: $235,700 Employees: 2,025 1998 Sales: $1,284,976 1998 Profits: $45,048 Fiscal Year Ends: 12/31 1997 Sales: $601,700 1997 Profits: $68,500
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Y Profit Sharing: Top Exec. Salary: $810,000 Stock Purch. Plan: Second Exec. Salary: $410,000 Third largest publicly traded thrift in the State of New York.
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Apparent Women Officers or Directors: Hot Spot for Advancement for Women/Minorities:
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest: Y
Southeast: Y
Bonus: Bonus:
$368,550 $114,800
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
www.plunkettresearch.com
199
ATLANTIC AMERICAN CORP
www.atlam.com
Industry Group Code: 524113 Ranks within this company's industry group: Sales: 89 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 85
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Underwriting-Life and Health Insurance Workers' Compensation Insurance Product Liabilty Insurance Commercial Auto Insurance
Atlantic American is an insurance holding company whose subsidiaries are involved in well-defined specialty markets of the life, health, property and casualty insurance industries. Its subsidiaries include American Southern Insurance Company, American Safety Insurance Company, Bankers Fidelity Life Insurance, Georgia Casualty & Surety, Association Risk Management General Agency, Association Casualty Insurance Company and Self-Insurance Administrators, Inc. Recently, Bankers Fidelity, a marketer of products geared toward a more senior aged market, announced a partnership with eHealthInsurance, a leading online application for varied health insurance services, to provide senior citizens with access to Medigap health insurance policies. Such a partnership expands eHealthInsurance's current services and permits Bankers Fidelity to provide its Medigap insurance to more people. American Southern Insurance and American Safety Insurance market auto liability and physical damage insurance to commercial policyholders. Association Casualty specializes in underwriting worker’s compensation insurance in Texas. Association Risk Management operates a general agency that provides worker’s compensation through independent agents. Georgia Casualty and Surety Company provide a combination of workers' compensation, commercial property, general liability and automobile insurance to the southeastern portion of the U.S. Self-Insurance Administrators is a third party provider of workers' compensation plans for self-insured firms. The underwriting function of the company’s subsidiaries operates with relative autonomy, which allows for speedy reaction to market opportunities. Atlantic American’s strategy is to focus on well defined geographic, demographic and product niches within the insurance marketplace. In addition, the company attributes its financial growth to rate increases, improved underwriting services and the expansion of its distribution channels.
BRANDS/DIVISIONS/AFFILIATES: Bankers Fidelity Life Insurance Company American Safety Insurance Company American Southern Insurance Company Georgia Casualty & Surety Company Association Risk Management General Agency Self-Insurance Administrators, Inc. Association Casualty Insurance Company eHealthInsurance
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Hilton H. Howell, Jr., CEO Hilton H. Howell, Jr., Pres. Robert A. Renaud, Jr., CFO/VP Barbara B. Snyder, Dir.-Human Resources/VP Clark W. Berryman, VP-Info. Services Janie L. Ryan, Corp. Sec. Edward L. Rand, Jr., Treas./VP Michael J. Brasser, VP-Internal Audit Diane Morris, Pres.-Association Casualty Insurance Company
Phone: 404-266-5500 Fax: 404-266-5702 Toll-Free: Address: 4370 Peachtree Rd. N.E., Atlanta, GA 30319-3000 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $121,800 ( 9 months) 2001 Profits: $3,700 ( 9 months) 2000 Sales: $152,300 2000 Profits: $3,600 Stock Ticker: AAME 1999 Sales: $124,300 1999 Profits: $10,900 Employees: 249 1998 Sales: $106,066 1998 Profits: $8,558 Fiscal Year Ends: 12/31 1997 Sales: $101,215 1997 Profits: $8,033
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Profit Sharing:
Top Exec. Salary: $296,667 Second Exec. Salary: $140,000 Specialty underwriter of niche insurance products.
Apparent Women Officers or Directors: 3 Hot Spot for Advancement for Women/Minorities: Y
LOCATIONS: ("Y" = Yes) West:
Southwest: Y
Midwest:
Southeast: Y
Bonus: Bonus:
$126,000 $49,000
Northeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
200
www.plunkettresearch.com
ATLANTIC MUTUAL COMPANIES
www.atlanticmutual.com
Industry Group Code: 524113 Ranks within this company's industry group: Sales: Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Y
Profits:
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Insurance Company-Underwriting Commercial Insurance Marine Insurance Personal Insurance Claims Management Risk Management Products Online Insurance Sales Insurance Solutions
Founded in 1842, Atlantic Mutual Companies is one of America's oldest property and casualty insurers. The company’s three main lines of business are commercial, marine and property insurance, but Atlantic Mutual has expanded its services to include a wide variety of loss control and claims management programs. Both Fortune 500 companies and smaller business lines are serviced by Atlantic Mutual’s customized programs in these departments, and companies of any size can purchase the new @vantage and @vantage For... insurance policies. These policy lines combine core policies with additional coverage tailored to specific industries that are vastly broader than the rest of the market’s offerings. In addition to focusing on made-to-order insurance lines, Atlantic Mutual has further penetrated several markets worldwide. The company is expanding through its e-commerce and Internet-related InsurePoint policy. Atlantic Mutual’s new Insurance For... line caters to several market segments other than e-commerce. The company recently created a new policy for communications that eliminates the need for the traditional endorsements added to meet industry needs. Subsidiaries Atlantic-Agents Reinsurance Companies and Atlantic Risk Services focus on investor relations and risk management products, respectively. The company offers employees health, dental and life insurance, an employee assistance program and tuition assistance.
BRANDS/DIVISIONS/AFFILIATES: @vantage @vantage For... InsurePoint Insurance For... Atlantic-Agents Reinsurance Companies Atlantic Risk Services
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Klaus G. Dorfi, CEO Kermit C. Smith, Pres. Kermit C. Smith, COO Cornelius E. Golding, CFO David P. Mitchell, Jr., VP-IS Nancy E. Hahon, Corp. Sec. Theodore R. Henke, General Counsel James V. Callahan, VP-Personal Insurance Div. John G. Heitz, Sr. VP-Customer Service Div. Brian D. Drum, VP-Commercial Insurance Div. Raymond T. Martino, VP-Marine Insurace Division
Phone: 212-943-1800 Fax: 212-428-6566 Toll-Free: Address: 140 Broadway, New York, NY 10005-1101 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for months. 2001 Sales: $ ( months) 2001 Profits: $ ( months) 2000 Sales: $ 2000 Profits: $ Stock Ticker: Mutual Company 1999 Sales: $ 1999 Profits: $ Employees: 1998 Sales: $ 1998 Profits: $ Fiscal Year Ends: 12/31 1997 Sales: $ 1997 Profits: $
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Top Exec. Salary: $ Second Exec. Salary: $ Expanding services to cater to niche markets.
Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
Profit Sharing: Y
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Bonus: Bonus:
Southeast: Y
$ $
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International: Y
www.plunkettresearch.com
201
AUTOMATIC DATA PROCESSING INC Industry Group Code: 514210 Ranks within this company's industry group: Sales: 1 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Y Y
www.adp.com Profits: 1
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Y Y Y
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Data Processing Services Outsourcing-Financial Services Information Services Payroll Processing Brokerage Services Automobile Dealer Services
Automatic Data Processing, Inc. (ADP), with over 400,000 clients, is the world's largest company dedicated to providing computerized transaction processing, data communications and information technology. The company's services are offered through four divisions: Employer Services, Brokerage Services, Dealer Services and Claims Services. ADP's employer services offer a comprehensive range of payroll, payroll tax filing and reporting, human resource, benefits administration, time and attendance, 401(k) record keeping and unemployment compensation management services. ADP's brokerage services provide securities processing, real-time market information and investor communications services to the financial services industry. Notably, the company is the largest provider of securities processing services in North America. Its dealer services offer automotive and truck dealers with integrated computing solutions. CSG is a subsidiary that provides claims services to the collision repair, general health, property and casualty industries. The firm continues to grow rapidly through the practice of its aggressive acquisition strategy. One such example is the recent acqusition of Avert, Inc., a leading preemployment verification company. ADP offers a comprehensive benefits package that includes tuition reimbursement, work/family programs, onsite child care in some locations and scholarship programs.
BRANDS/DIVISIONS/AFFILIATES: AG Consulting Avert, Inc. Securities Industry Software ADP Atlantic Inc. Vincam Total Source ADP Hollander Inc. ADP Financial Information SVC ADP CSG
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Arthur F. Weinbach, CEO Gary C. Butler, Pres. Gary C. Butler, COO Karen E. Dykstra, VP-Finance/CFO Richard C. Berke, VP-Human Resources Eugene A. Hall, Sr. VP-Tech. Svcs. James B. Benson, Corp. Sec. James B. Benson, General Counsel Campbell Langdon, VP-Strategic Dev. Raymond L. Colotti, Treas. Richard J. Daly, Group Pres., Brokerage Svcs. S. Michael Martone, Group Pres., Dealer Svcs. Russell P. Fradin, Group Pres., Employer Svcs.
Phone: 973-974-5000 Fax: 973-9974-5495 Toll-Free: Address: 1 ADP Blvd., Roseland, NJ 07068-1728 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 12 months. 2001 Sales: $7,017,600 (12 months) 2001 Profits: $924,700 (12 months) 2000 Sales: $6,287,512 2000 Profits: $840,800 Stock Ticker: ADP 1999 Sales: $5,540,141 1999 Profits: $696,840 Employees: 41,000 1998 Sales: $4,925,956 1998 Profits: $608,262 Fiscal Year Ends: 6/30 1997 Sales: $4,193,447 1997 Profits: $515,244
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Profit Sharing: Top Exec. Salary: $721,250 Stock Purch. Plan: Y Second Exec. Salary: $607,500 One of the world’s largest computerized transaction processing providers.
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Bonus: Bonus:
$450,000 $299,000
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International: Y
202
www.plunkettresearch.com
AXA FINANCIAL INC
www.axa-financial.com
Industry Group Code: 524113 Ranks within this company's industry group: Sales: 29
Profits: 3
Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Y Y Y
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Insurance Company-Underwriting Stock Brokerage/Investment Banking Investment Management/Mutual Funds
AXA Financial, Inc., formerly known as The Equitable Companies, Inc., is a diversified financial services organization offering a broad spectrum of insurance, investment banking and asset management services. It is one of the world's largest asset managers. Equitable Life, a subsidiary of the company, offers a variety of traditional variable and interest-sensitive life insurance products, variable and fixed-interest annuity products, mutual funds and other investment products to individuals, small groups, small and medium -size corporations, state and local governments and not-for-profit organizations. Equitable Life has been one of the largest life insurance companies in the United States for more than 100 years. Donaldson, Lufkin & Jenrette (DLJ), another subsidiary, is a leading integrated investment and merchant bank that serves institutional, corporate, governmental and individual clients, both domestically and internationally. DLJ's businesses include securities underwriting, sales and trading, merchant banking, financial advisory services, investment research, venture capital, correspondent brokerage services, securities lending, online interactive brokerage services and asset management and other advisory services. Alliance Capital, another subsidiary, provides diversified investment management services to Equitable Life and to a variety of institutional clients, including corporate and public employee pension funds, endowments, foundations and other domestic and foreign financial institutions. Moreover, the subsidiary provides its services to high net-worth individuals and, through various investment vehicles, to individual investors. In early 2001, the global AXA Group facilitated its complete ownership of AXA Financial by purchasing the remaining minority stake.
BRANDS/DIVISIONS/AFFILIATES: The Equitable Life Assurance Society of the U.S. Alliance Capital Management, L.P. Donaldson, Lufkin & Jenrette, Inc. AXA Group AXA Advisors, LLC Equitable Companies, Inc. (The)
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Christopher M. Condron, CEO Christopher M. Condron, Pres. Stanley B. Tulin, CFO Deanna Mulligan, Exec. VP-Mktg. and Product Dev. William I. Levine, Exec. VP/CIO Alvin H. Fenichel, Controller Richard V. Silver, Exec. VP/General Counsel Gregory C. Wilcox, Exec. VP-Investor Rel. Peter D. Noris, Chief Investment Officer Richard Matteis, Exec. VP-Service Delivery
Phone: 212-554-1234 Fax: 212-707-1755 Toll-Free: Address: 1290 Avenue of the Americas , New York, NY 10104 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for months. 2001 Sales: $ ( months) 2001 Profits: $ ( months) 2000 Sales: $6,125,100 2000 Profits: $2,415,400 Stock Ticker: Subsidiary 1999 Sales: $13,370,600 1999 Profits: $1,126,100 Employees: 17,400 1998 Sales: $10,918,500 1998 Profits: $833,100 Fiscal Year Ends: 12/31 1997 Sales: $9,666,100 1997 Profits: $561,000
SALARIES/BENEFITS: Pension Plan: Y Savings Plan:
ESOP Stock Plan: Stock Purch. Plan:
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Top Exec. Salary: $ Bonus: $ Second Exec. Salary: $ Bonus: $ One of the world's largest investment managers/One of the largest life insurance companies in the U.S.
Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
Profit Sharing:
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International: Y
www.plunkettresearch.com
BALDWIN & LYONS INC
www.baldwinandlyons.com
Industry Group Code: 524113 Ranks within this company's industry group: Sales: 93 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
203 Profits: 69
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Insurance Company-Underwriting Property/Casualty Insurance Brokerage Workers' Compensation Insurance Specialty Insurance
Baldwin & Lyons, Inc. specializes in marketing and underwriting property and casualty insurance. The company’s principal lines of business consist of insurance brokerage and agency operations, as well as specialized insurance-related services and insurance underwriting operations conducted by its three subsidiaries, Protective Insurance Company, Sagamore Insurance Company and B & L Insurance, Ltd. The primary types of insurance services offered by Baldwin & Lyons include casualty insurance, which consists of motor vehicle liability and physical damage insurance, workers’ compensation insurance, specialized accident insurance and fidelity and surety bonds. In addition, the firm provides inland marine insurance, comprising mainly of cargo insurance and property coverage insurance. The company also performs a variety of additional services for its clients, such as risk surveys and analyses, government compliance assis tance, loss control, cost studies, research and development and consultation in connection with new insurance programs, including development of computerized systems to assist in monitoring accident data. Baldwin & Lyons is licensed in approximately 30 states and has streamlined and repositioned its operations in order to expand and participate in new opportunities.
BRANDS/DIVISIONS/AFFILIATES: Protective Insurance Company Sagamore Insurance Company B & L Insurance, Ltd.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Gary W. Miller, CEO Gary W. Miller, Pres. G. Patrick Corydon, CFO Hugh Cameron, Human Resources Contact G. Patrick Corydon, Treas./VP
Phone: 317-636-9800 Fax: 317-632-9444 Toll-Free: 800-644-5501 Address: 1099 North Meridian St., Indianapolis , IN 46204 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $85,100 ( 9 months) 2001 Profits: $2,600 ( 9 months) 2000 Sales: $112,500 2000 Profits: $19,800 Stock Ticker: BWINB 1999 Sales: $96,400 1999 Profits: $18,600 Employees: 267 1998 Sales: $92,600 1998 Profits: $16,895 Fiscal Year Ends: 12/31 1997 Sales: $99,100 1997 Profits: $24,446
SAL ARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Profit Sharing: Top Exec. Salary: $427,083 Stock Purch. Plan: Y Second Exec. Salary: $319,667 The company's work accident program continues to grow.
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Apparent Women Officers or Directors: Hot Spot for Advancement for Women/Minorities:
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Bonus: Bonus:
$400,000 $350,000
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
204
www.plunkettresearch.com
BANCINSURANCE CORPORATION
www.bancins.com
Industry Group Code: 524113 Ranks within this company's industry group: Sales: 109 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 83
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Insurance Company-Underwriting Property and Casualty Insurance Insurance Brokerage and Management Surety Bonds Title Services Workers' Compensation
Bancinsurance Corporation is a specialty property insurance holding company primarily engaged, through its property/casualty insurance subsidiary, Ohio Indemnity Company, in underwriting niche insurance. Ohio Indemnity is rated A-/Excellent by A.M. Best and licensed to conduct business in 47 states, the District of Columbia and on a surplus lines basis in Texas. Specific services offered by the subsidiary include GAP insurance or guaranteed auto protection; blanket second mortgage, which covers second trust deeds and equity lines; blanket single insurance, a single collateral protection covering a company’s entire lending portfolio; and excess wear and tear coverage, which is the most recent addition to Ohio Indemnity’s products portfolio. Bancinsurance’s Paul Boardway & Associates, Inc. subsidiary is a property and casualty insurance agency that caters to the needs of lending organizations. The company's most recent acquisition, American Legal Publishing Corporation publishes, supplements and distributes codes of ordinances for smaller municipalities nationwide. Its codification services range from ordinance codification to electronic publishing and subscriber services. Bancinsurance’s business strategy is to maximize underwriting profits by offering niche products and services within the insurance industry and expanding into businesses that are complementary to its core business and long-term objectives. The company targets large financial institutions for its blanket product, Ultimate Loss, which provides insurance to protect financial institutions should borrowers let their insurance lapse.
BRANDS/DIVISIONS/AFFILIATES: BCIS Services, Inc. Ohio Indemnity Company Custom Title Services, Inc. American Legal Publishing Corporation Paul Boardway & Associates, Inc.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Si Sokol, CEO John S. Sokol, Pres. Sally Cress, Human Resources Sally Cress, Treas. James R. Davis, VP
Phone: 614-228-2800 Fax: 614-228-5552 Toll-Free: Address: 20 East Broad St., Columbus , OH 43215 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $32,000 ( 9 months) 2001 Profits: $2,200 ( 9 months) 2000 Sales: $30,400 2000 Profits: $3,900 Stock Ticker: BCIS 1999 Sales: $31,300 1999 Profits: $3,900 Employees: 50 1998 Sales: $26,200 1998 Profits: $3,400 Fiscal Year Ends: 12/31 1997 Sales: $15,800 1997 Profits: $2,700
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Profit Sharing:
Top Exec. Salary: $275,000 Second Exec. Salary: $165,000
Bonus: Bonus:
$85,000 $63,750
Serves niche markets.
Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
LOCATIONS: ("Y" = Yes) West: Y
Southwest:
Midwest: Y
Southeast:
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
www.plunkettresearch.com
BANCORPSOUTH INC
www.bancorpsouth.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 64 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
205 Profits: 72
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking/Savings Associations Insurance
BancorpSouth, Inc. is a bank holding company with commercial banking and financial services operations offered through 247 offices in Mississippi, Tennessee, Alabama, Arkansas, Texas and Louisiana. The company offers a range of financial services to individuals and small-to-medium size businesses through its subsidiary BancorpSouth Bank. The bank provides consumers with checking and savings accounts, consumer finance, first and second mortgages, personal loans, credit cards and commercial banking services. Through its insurance subsidiary, BancorpSouth Insurance Services, the company sells title insurance, commercial lines of insurance, and a full line of property and casualty, life, health and employee benefits products and services. Its BancorpSouth Investment Services subsidiary provides brokerage, investment advisory and asset management services. BancorpSouth recently acquired Pinnacle Bancshares, an Arkansas holding company that controls Pinnacle Bank. The company has also purchased First United Bancshares, Inc., another Arkansas bank holding company with locations in that state and other parts of the Southeast. BancorpSouth Insurance Services acquired Pittman Insurance and Bonding, Inc. as well as Kilgore, Seay and Turner, Inc., thereby expanding its Mississippi operations.
BRANDS/DIVISIONS/AFFILIATES: BancorpSouth Bank Pinnacle Bancshares First United Bancshares, Inc. Pittman Insurance and Bonding, Inc. Kilgore, Seay and Turner, Inc,
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Aubrey B. Patterson, CEO James V. Kelley, Pres. James V. Kelley, COO L. Nash Allen, Jr., CFO Harry R. Baxter, Exec. VP-Mktg. L. Nash Allen, Jr., Treas.
Phone: 662-680-2000 Fax: 662-680-2006 Toll-Free: Address: One Mississippi Pl., Tupelo, MS 38804 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $595,500 ( 9 months) 2001 Profits: $67,100 ( 9 months) 2000 Sales: $759,600 2000 Profits: $74,400 Stock Ticker: BXS 1999 Sales: $697,000 1999 Profits: $102,400 Employees: 3,869 1998 Sales: $659,800 1998 Profits: $88,200 Fiscal Year Ends: 12/31 1997 Sales: $413,500 1997 Profits: $53,900
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Y Profit Sharing: Top Exec. Salary: $475,000 Stock Purch. Plan: Second Exec. Salary: $315,000 Growth through acquisitions/Regional focus.
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Apparent Women Officers or Directors: Hot Spot for Advancement for Women/Minorities:
LOCATIONS: ("Y" = Yes) West:
Southwest: Y
Midwest:
Southeast: Y
Bonus: Bonus:
$325,969 $144,113
Northeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
206
www.plunkettresearch.com
BANK MUTUAL CORPORATION
www.bankmutual.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 111
Profits: 103
Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y Y Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking/Savings Associations
Bank Mutual Corporation is a holding company with two member banks, Mutual Savings Bank and First Northern Savings Bank, which together create the fourth largest banking institution in Wisconsin. Bank Mutual was created by Mutual Savings Bank in an effort to go public. First Northern was purchased by the holding company shortly after the conversion took place. The two banks' principal business is attracting retail deposits from the general public and investing those deposits, together with funds generated from other operations, in residential mortgage loans, consumer loans, commercial real estate loans, and commercial business loans. Bank Mutual, through the banks, invests in various mortgage-related securities and investment securities. The principal lending is on one-to four-family, owner-occupied homes, home equity loans and lines of credit, automobile loans, multi-family and commercial real estate loans, and commercial business loans. Bank Mutual's revenues are derived principally from interest on its loans and mortgage-related securities, interest and dividends on its investment securities, and noninterest income (including loan servicing fees, deposit servicing fees, gains on sales of loans and commissions on insurance, security and annuity sales). Bank Mutual has 69 banking offices located in 28 counties in Wisconsin, plus an additional office in Minnesota.
BRANDS/DIVISIONS/AFFILIATES:
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Michael T. Crowley, Jr., CEO Michael D. Meeuwsen, Pres. Michael D. Meeuwsen, COO Rick B. Colberg, CFO Marlene M. Scholz, Controller Eugene H. Maurer, Jr., Corp. Sec.
Phone: 414-354-1500 Fax: 414-354-5342 Toll-Free: Address: 4949 W. Brown Deer Rd., Brown Deer, WI 53223 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $156,400 ( 9 months) 2001 Profits: $14,800 ( 9 months) 2000 Sales: $145,000 2000 Profits: $14,700 Stock Ticker: BKMU 1999 Sales: $126,300 1999 Profits: $-4,500 Employees: 825 1998 Sales: $133,900 1998 Profits: $11,200 Fiscal Year Ends: 12/31 1997 Sales: $ 1997 Profits: $
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Y Profit Sharing: Top Exec. Salary: $609,060 Stock Purch. Plan: Second Exec. Salary: $254,052 Rapidly growing company/Successful conversion to stock form.
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest: Y
Southeast:
Bonus: Bonus:
$18,500 $5,000
Northeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
www.plunkettresearch.com
BANK OF AMERICA CORP
www.bankofamerica.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 3 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Y Y Y Y Y
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y Y Y Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
207 Profits: 3
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y Y Y Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
Y
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking/Savings Associations Commercial Real Estate Investment and Brokerage Services Insurance Mutual Funds Venture Capital Mortgges
Bank of America Corporation, the result of the October 1998 merger of NationsBank and BankAmerica, is the holding company for Bank of America, currently ranked as the number one bank in the U.S. and the U.S.’s first coastto-coast bank. The combined firm has about 4,500 branches in 48 states and almost 40 countries, plus a massive network of ATMs. It has leading market shares in California, Florida, Texas, North Carolina, Washington, Arizona and Georgia and does business with more than 2 million businesses and 30 million households. Through various banking and non-banking subsidiaries, the firm offers consumer, commercial and global corporate banking; commercial real estate; investment and brokerage services; ins urance and mutual funds. These services are grouped together in four business segments: Consumer and Commercial Banking, Global Corporate and Investment Banking, Equity Investment and Asset Management. As part of its operations, the company regularly evaluates the potential acquisition of, and holds discussions with, various financial institutions and other businesses of a type eligible for bank holding company ownership or control. Before its official consolidation, the firm acquired Barnett Banks, Inc. in 1998 and completed the installation of its consumer banking platform Model Bank throughout the former NationsBank franchise, which is the company’s technological cornerstone, providing associates complete information about customer relationships across product lines, business lines and state lines. During 2001, the company refocused on profitability, leaving the auto leasing business and deleting many large but unprofitable customers. At the same time, it hired over 20 new high ranking executives, adeded three new members to the board and instituted new programs to improve customer service. Bank of America is very active in the community, donating money and support to non-profit and community-based organizations. Bank of America was cited by the Women's Business Enterprise National Council as one of America's top companies.
BRANDS/DIVISIONS/AFFILIATES: Nationsbank Barnett Banks BankAmerica Internet Order Center BA Merchant Services Banc of America Securities Model Bank
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Kenneth D. Lewis, CEO Kenneth D. Lewis, Pres. James H. (Jim) Hance, Jr., CFO Steele Alphin, Sr. Personnel Exec. Bill Raymond, Sr. VP-ATM Management/Development Paul Polking, General Counsel Tim Arnoult, Tech. & Oper. Exec. Greg Curl, Corp. Planning & Strategy Exec. Jim Dixon, Bankofamerica.com Exec. Lynn Drury, Corp. Affairs Exec. Carter McCelland, Corp. & Investment Banking Exec. Al de Molina, Corp. Treas. Exec. Edward J. Brown III, Pres.-Global Corp. & Investment Banking Michael E. O'Neill, Pres.-Principal Investing & Wealth Mg mt. Marc D. Oken, Exec. VP/Principal Financial Exec.
Phone: 888-279-3457 Fax: 704-386-6699 Toll-Free: 800-299-2265 Address: 100 N. Tryon St., 18th Floor, Charlotte, NC 28255 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $40,520,000 ( 9 months) 2001 Profits: $4,734,000 ( 9 months) 2000 Sales: $57,772,000 2000 Profits: $7,517,000 Stock Ticker: BAC 1999 Sales: $51,632,000 1999 Profits: $7,882,000 Employees: 142,724 1998 Sales: $51,794,000 1998 Profits: $5,165,000 Fiscal Year Ends: 12/31 1997 Sales: $ 1997 Profits: $
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Y Profit Sharing: Top Exec. Salary: $1,500,000 Bonus: Stock Purch. Plan: Second Exec. Salary: $1,000,000 Bonus: The largest retail banking system in the U.S./Nation's largest network of ATMs.
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
$2,500,000 $1,500,000
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International: Y
208
www.plunkettresearch.com
BANK OF MONTREAL
www.bmo.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 11 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y Y Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Y
Profits: 14
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Investment Services Insurance
Bank of Montreal is Canada’s first bank and one of the largest financial institutions in North America. The bank offers a broad range of financial products and services across Canada and in the United States, both directly and through Chicago-based subsidiary, Harris Bankcorp, a major U.S. Midwest financial services provider, and BMO Nesbitt Burns, one of Canada’s largest full-service investment firms. Harris Bankcorp is the holding company for the Harris Trust and Savings Bank, which manages more than 130 Chicago locations, as well as locations in Arizona and Florida. The subsidiary also manages Harris Investment Management, an institutional investment advisory firm, and Harris Preferred Capital, a real estate investment trust. Harris Bankcorp’s Harris InvestorLine unit will be merged with CFSBdirect, the online brokerage firm recently acquired from Credit Suisse First Boston. BMO Nesbitt Burns is an investment bank offering clients access to a broad range of products and services including equity and debt underwriting, corporate lending and project financing, merger and acquisition advisory services, merchant banking, research, sales and trading. The Bank of Montreal recently expanded its financial services capabilities with the launch of BMO Life Insurance Co., which will conduct business across Canada.
BRANDS/DIVISIONS/AFFILIATES: Bankmont Financial Cor. Harris Bankcorp CSFBdirect BMO Nesbitt Burns Harris Trust and Savings Bank Harris Investment Management Harris Preferred Capital BMO Life Insurance Co.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Tony Comper, CEO Karen E. Maidment, CFO Rose M. Patten, Exec. VP-Human Resources Angela Ferrante, Sr. VP-Corp. Comm. Penny Somerville, Treas. Yvan J.P. Bourdeau, COO/Pres, BMO Nesbitt Burns Lloyd F. Darlington, CEO/Pres, Emfisys Alan G. McNally, CEO, Harris Bank K. Blake Darcy, CEO, CSFBdirect, Inc.
Phone: 514-877-1285 Fax: 514-877-7399 Toll-Free: Address: 129 Saint-Jacques St., Montreal, Quebec H2Y 1L6 Canada
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 12 months. 2001 Sales: $10,851,000 (12 months) 2001 Profits: $927,000 (12 months) 2000 Sales: $12,231,000 2000 Profits: $1,219,000 Stock Ticker: BMO 1999 Sales: $11,340,800 1999 Profits: $939,300 Employees: 1998 Sales: $ 1998 Profits: $ Fiscal Year Ends: 10/31 1997 Sales: $ 1997 Profits: $
SALARIES/BENEFITS: Pension Plan: Savings Plan:
ESOP Stock Plan: Stock Purch. Plan:
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Profit Sharing:
Top Exec. Salary: $ Second Exec. Salary: $ One of the largest banking entities in North America.
Apparent Women Officers or Directors: 4 Hot Spot for Advancement for Women/Minorities: Y
LOCATIONS: ("Y" = Yes) West:
Southwest: Y
Midwest: Y
Bonus: Bonus:
Southeast: Y
$ $
Northeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International: Y
www.plunkettresearch.com
209
BANK OF NEW YORK CO INC (THE)
www.bankofny.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 17 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y Y Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 10
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y Y Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Y Y
Credit Car ds: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking/Savings Associations Securities Processing Credit Card Issuer Trust and Investment Services Factoring Secured Lending
The Bank of New York Company, Inc., the top retail bank in the suburban New York area and one of the largest financial holding companies in the U.S., operates over 350 branches throughout New York, New Jersey and Connecticut and administrative offices in Alabama, Florida, Georgia, California, Missouri, Illinois, New Jersey and Washington. It also operates internationally with 29 branch and representative offices in 26 countries. The company offers real estate and consumer loans, banking services for small and mid-sized businesses, investment banking services, structuring and syndication of credit facilities, debt and equity private placements and advice on mergers and acquisitions. In addition to these services, The Bank of New York Company provides government and corporate clearing, transfer and transaction services and corporate finance options like mortgage-backed lending. Securities processing has proven to be a very profitable business sector for the company in recent years, including American depository receipts, or dollardenominated foreign securities services. All of the services offered are grouped into five basic businesses: Securities Servicing and Global Payment Services, BNY Asset Management & Private Client Services, Corporate Banking, Retail Banking and Financial Market Services. In recent news, The Bank of New York, a subsidiary of the company, acquired Greenwich Advisory Associates, Inc., which reinforces the bank’s strategic commitment of providing a wide range of investment services. The company prides itself on its employee diversity, school-to-career programs and community efforts.
BRANDS/DIVISIONS/AFFILIATES: Bank of New York, The BNY Financial Corporation BNY ESI & Co., Inc. BNY Mortgage Company LLC BNY Asset Solutions, Inc. BNY Capital Funding LLC Greenwich Advisory Associates, Inc.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Thomas A. Renyi, CEO Gerald L. Hassell, Pres. Bruce W. Van Saun, CFO Thomas Angers, Dir.-Personnel Robert T. Grieves, Sr. VP/Dir.-Comm. Leslie V. Godridge, Exec. VP-Corp. Banking Thomas J. Perna, Pres., Financial Companies Services Sector
Phone: 212-495-1784 Fax: 214-635-1799 Toll-Free: Address: 1 Wall St., New York, NY 10286-0001 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $5,417,000 ( 9 months) 2001 Profits: $1,012,000 ( 9 months) 2000 Sales: $7,486,000 2000 Profits: $1,429,000 Stock Ticker: BK 1999 Sales: $6,966,000 1999 Profits: $1,739,000 Employees: 18,861 1998 Sales: $5,793,000 1998 Profits: $1,192,000 Fiscal Year Ends: 12/31 1997 Sales: $5,697,000 1997 Profits: $1,104,000
SALARIES/BENEFITS: Pension Plan: Y Savings Plan:
ESOP Stock Plan: Profit Sharing: Top Exec. Salary: $925,000 Bonus: $12,080,938 Stock Purch. Plan: Y Second Exec. Salary: $546,154 Bonus: $6,711,797 Significant, steady business revenues by providing transaction processing services to the securities industry.
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International: Y
210
www.plunkettresearch.com
BANK ONE CORP
www.bankone.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 7 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Y
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y Y Y Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 204
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y Y Y Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
Y Y
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Credit Card/Merchant Processing Consumer Finance Mortgage Banking Insurance Trust and Investment Management
Bank One Corporation is the nation's sixth largest bank holding company, with assets of more than $270 billion. With over 1,800 banking centers, the company provides financial services to commercial and business customers and consumers. Financial services include traditional lending, treasury management, investment management, corporate trust, corporate finance and private banking, as well as other services. Notably, Bank One is the world's largest Visa issuer and the third largest bank lender to small businesses. In recent company news, Bank One completed phase two of its major deposit account systems conversion in Arizona and Utah. Two more conversions are expected to take place with the intentions of operating on a single upgraded set of systems across the entire company. The firm has also entered a strategic alliance with Microsoft to develop, market and deliver enhanced online services to its consumers and small and mid-size businesses. In other company news, Wachovia and Bank One have decided to terminate their agent bank relationship, causing Bank One to sell back $1.3 billion worth of consumer credit card receivables. According to the Working Mother magazine, Bank One has once again been recognized as one of the best employers for working mothers for the third consecutive year. Notably, women comprise the majority of the company's workforce.
BRANDS/DIVISIONS/AFFILIATES: First USA Bank, N.A. Banc One Community Development Corporation Banc One Credit Card Services Company Banc One Financial Card Services Corporation Banc One Financial Services Corporation Banc One Funds Management Company Banc One Insurance Services Corporation Paymentech LLC
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. James Dimon, CEO Charles W. Scharf , COO-Retail Banking Charles W. Scharf , Exec. VP/CFO David E. Donovan, Head of Human Resources James Ditmore, Chief Tech. Officer-Infrastructure and Oper. Melissa Moore, Corp. Controller Lynn A. Goldstein, Sr. VP/Deputy General Counsel Melinda McMullen, Sr. VP-Comm. and Public Affairs Julie Benda, Dir.-Investor Rel. Michael Cavanagh, Treas. Linda Bammann, Exec. VP/Chief Risk Mgmt. Officer Philip G. Heasley, Exec. VP/CEO-First USA Daniel Frate, Pres./COO-First USA
Phone: 312-732-4000 Fax: 312-732-3366 Toll-Free: 888-963-4000 Address: 1 Bank One Plaza, Chicago, IL 60670 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $18,736,000 ( 9 months) 2001 Profits: $2,097,000 ( 9 months) 2000 Sales: $25,168,000 2000 Profits: $-511,000 Stock Ticker: ONE 1999 Sales: $25,986,000 1999 Profits: $3,479,000 Employees: 80,778 1998 Sales: $25,595,000 1998 Profits: $3,108,000 Fiscal Year Ends: 12/31 1997 Sales: $ 1997 Profits: $
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Y Profit Sharing: Top Exec. Salary: $750,000 Bonus: $ Stock Purch. Plan: Y Second Exec. Salary: $607,885 Bonus: $250,000 Affiliate banks total over 1,300 nationwide/Aggressive Internet banking programs/World's largest VISA card issuer.
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Apparent Women Officers or Directors: 5 Hot Spot for Advancement for Women/Minorities: Y
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International: Y
www.plunkettresearch.com
211
BANK PLUS CORPORATION Industry Group Code: 522110 Ranks within this company's industry group: Sales: 96 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Y Y
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 202
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
Y
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking/Savings Association Insurance Investment Management/Mutual Funds Credit Card Issuing Mutual Funds
Bank Plus Corporation is a holding corporation for Fidelity Federal Bank, A Federal Savings Bank, Gateway Investment Services, Inc. and Bank Plus Credit Services Corporation. The company and its subsidiaries offer a broad range of consumer financial services, including demand and term deposits and loans to consumers. Fidelity Federal Bank is the company’s primary subsidiary and is a federal savings bank, operating through 28 fullservice branches, which are primarily located in the Los Angeles and Orange Counties of southern California. Gateway Investment Services is a registered broker/dealer of uninsured investment products, including mutual funds and annuities. The company’s Bank Plus Credit Services Corporation is involved in the issuing of credit cards. In 1999, Bank Plus streamlined its operations in an attempt to rebuild itself financially after severe losses caused the company's auto loan portfolio and subprime credit cards to reach delinquencies of 21%. Accordingly, the company dis continued its auto loan program, cut its e-commerce activities in half and placed more emphasis on single family loan originations and purchase. Currently, it is reviewing terms for a merger with FBOP Corporation.
BRANDS/DIVISIONS/AFFILIATES: Fidelity Federal Bank Gateway Investment Services, Inc. Bank Plus Credit Services A Federal Savings Bank National Association of Securities Dealers, Inc. FBOP Corporation
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Mark K. Mason, CEO Mark K. Mason, Pres. John M. Michel, Exec. VP/CFO Deborah Matalon, Human Resources Godfrey B. Ev ans, General Counsel Godfrey B. Evans, Chief Admin. Officer Richard M. Villa, Sr. VP/Treas./Dir.-Finance
Phone: 818-549-3116 Fax: 818-549-3525 Toll-Free: 800-434-3354 Address: 4565 Colorado Blvd., Los Angeles , CA 90039 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $123,500 ( 9 months) 2001 Profits: $1,700 ( 9 months) 2000 Sales: $201,900 2000 Profits: $-36,800 Stock Ticker: BPLS 1999 Sales: $300,100 1999 Profits: $-24,900 Employees: 583 1998 Sales: $334,765 1998 Profits: $-56,328 Fiscal Year Ends: 12/31 1997 Sales: $258,897 1997 Profits: $12,653
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Top Exec. Salary: $300,000 Second Exec. Salary: $288,800 Broad range of consumer financial services.
Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
Profit Sharing:
LOCATIONS: ("Y" = Yes) West: Y
Southwest:
Midwest:
Southeast:
Bonus: Bonus:
$225,000 $144,400
Northeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
212
www.plunkettresearch.com
BANKNORTH GROUP INC
www.banknorth.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 44 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y Y Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 41
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking/Savings Associations Insurance Brokerage and Management
Banknorth Group, Inc. is New England's third largest bank holding company. The firm offers a broad range of commercial and consumer banking services and products and trust and investment advisory services through several banking subsidiaries: Peoples Heritage Bank, Bank of New Hampshire, FSB, First Vermont Bank, The Howard Bank, Frank Lamoille Bank, First Massachusetts Bank, Evergreen Bank and GBT. Acquisitions have been, and are expected to continue to be, an important part of the expansion of the company’s business. With Banknorth’s focused strategy, it has continued to enter new markets through profitable acquisitions. After the firm’s acquisition of Atlantic Bancorp, it became the leading market shareholder in Maine and number one in the state’s largest market, Greater Portland. Banknorth also provides insurance as part of its growing number of services through Morse, Payson & Noyes Insurance, Maine's largest independent insurance agency. Recently, the firm acquired Andover Bancorp and MetroWest. Both are extensions of its Massachusetts banking franchises and are expected to elevate the company's position to fifth largest share in Boston.
BRANDS/DIVISIONS/AFFILIATES: Catalano Insurance Bank of New Hampshire Family Bank/Sis Bank Glastonbury Bank & Trust Company Atlantic Bancorp Morse, Payson & Noyes Insurance MetroWest Bank Andover Bancorp
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. William J. Ryan, CEO William J. Ryan, Pres. Peter J. Verrill, COO Peter J. Verrill, CFO/Exec. VP Brian Wood, Sr. VP/Dir.-Mktg. Carol L. Mitchell, Sr. VP/Dir.-Human Resources Robert Caldwell, Sr. VP/CIO John Oppeman, Sr. VP-Legal Affairs Joseph W. Hanson, Sr. VP/Mgr.-Oper. Hall Thompson, Exec. VP-Investments
Phone: 207-761-8500 Fax: 207-761-8534 Toll-Free: Address: 1 Portland Sq., Portland, ME 04112-9540 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $1,126,200 ( 9 months) 2001 Profits: $177,200 ( 9 months) 2000 Sales: $1,541,500 2000 Profits: $191,700 Stock Ticker: BKNG 1999 Sales: $1,037,100 1999 Profits: $142,400 Employees: 5,000 1998 Sales: $817,800 1998 Profits: $100,600 Fiscal Year Ends: 12/31 1997 Sales: $499,100 1997 Profits: $73,400
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Y Profit Sharing: Stock Purch. Plan: Growth through acquisitions.
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
Top Exec. Salary: $648,849 Second Exec. Salary: $342,678
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Southeast:
Bonus: Bonus:
$232,750 $91,250
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
www.plunkettresearch.com
BANKUNITED FINANCIAL CORP
www.bankunitedfla.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 88 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
213 Profits: 100
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking/Savings Association Mortgages Commercial and Consumer Loans Commercial Real Estate Operations
BankUnited Financial Corporation is the savings and loan holding company for BankUnited, FSB, which has 37 branch offices located in Florida. Specifically, the banking centers are located in the Miami, Dade, Palm Beach and Collier Counties. With assets totaling $5.2 billion, the corporation is one of the largest financial organizations in Florida. The company’s business has traditionally consisted of attracting deposits from the general public and using those deposits, together with borrowings and other funds, to purchase and originate single-family residential mortgage loans, and to a lesser extent, purchase and originate commercial real estate, commercial business and consumer loans. The firm's growth strategy stems from plans to increase its product mix, particularly its commercial products, and hopes to expand commercial and small business lending. Notably, the company's fourth quarter income for 2001 was the highest earnings ever for the company with a 71% increase from the previous year. Also in recent news, BankUnited opened two new branch offices in Weston and downtown West Palm Beach. The company offers its employees discounted rates on several banking products, as well as tuition assistance and a comprehensive health plan. In addition, BankUnited remains dedicated to supporting the community by encouraging its employees to stay actively involved in contributing to it, as well as by supporting local programs and initiatives such as Habitat for Humanity, Community Partnership for the Homeless and March of Dimes, among others.
BRANDS/DIVISIONS/AFFILIATES: BankUnited, FSB T & D Properties of South Florida, Inc. Bay Holdings, Inc. BU Ventures, Inc. BankUnited Capital BankUnited Capital II BankUnited Capital III BUFC Financial Services, Incorporated
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Alfred R. Camner, CEO Alfred R. Camner, Pres. Alfred R. Camner, COO Bert Lopez, CFO Terrence L. Brown, Sr. VP-Mktg. Iliana Castillo-Frick, Sr. Exec. VP-Human Resources Luis E. Buitrago, Sr. VP/CIO Mark Lipsitz, Corp. Sec. Terrence L. Brown, Sr. VP-Public Rel. Jessica Atkinson, Sr. VP & Program Dir.-Investment Services Lisa Barrera, Sr. Exec. VP-Residential Mortgage Sales Michael Clutter, Sr. Exec. VP-Risk Mgmt. Janette L. Davis, Sr. Exec. VP-Consumer Banking
Phone: 305-569-2000 Fax: 305-569-2057 Toll-Free: Address: 255 Alhambra Circle, Coral Gables , FL 33134 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 12 months. 2001 Sales: $337,700 (12 months) 2001 Profits: $19,100 (12 months) 2000 Sales: $301,400 2000 Profits: $15,500 Stock Ticker: BKUNA 1999 Sales: $238,400 1999 Profits: $-3,600 Employees: 475 1998 Sales: $213,792 1998 Profits: $7,357 Fiscal Year Ends: 9/30 1997 Sales: $112,834 1997 Profits: $7,599
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Y Profit Sharing: Y Top Exec. Salary: $366,667 Stock Purch. Plan: Second Exec. Salary: $366,667 Steady growth, including new branch offices.
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Apparent Women Officers or Directors: 4 Hot Spot for Advancement for Women/Minorities: Y
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Southeast: Y
Bonus: Bonus:
$300,000 $200,000
Northeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
214
www.plunkettresearch.com
BANNER CORPORATION
www.banrbank.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 106 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Y
Profits: 98
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y
Services: Outsourcing: Tax Preparation: Staffing: Pay ment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking/Savings Association Mortgages Online Banking Commercial, Agricultural and Consumer Loans
Banner Corporation, formerly known as First Washington Bancorp, is the parent of Banner Bank, a Washington state chartered commercial bank. It operates a total of 38 branch offices and six loan offices in 18 counties in Washington, Oregon and Idaho. Banner serves the Pacific Northwest region with a full-range of deposit services and business, commercial real estate, construction, residential, agricultural and consumer loans. The bank’s lending business has been primarily residential mortgage loans for the purchase of homes and home construction, although it is becoming increasingly more involved in non-mortgage commercial and agricultural lending. Through its Whatcom division, Banner focuses on real estate, consumer and small business lending within Whatcom County of Washington, with expanded real estate lending activities in parts of Island, Skagit and Snohomish Counties (also in Washington). Inland Empire Bank specializes in agricultural, commercial and consumer lending in northeastern Oregon. In recent news, Banner Corporation merged its subsidiary banks, Banner Bank and Banner Bank of Oregon. The firm hopes to cut costs by eliminating duplicate administrative functions. In a push to increase its presence in the densely populated I-5 corridor in Oregon, Banner recently signed a definitive agreement to acquire Oregon Business Bank of Lake Oswego, Oregon. It was the fastest growing bank in the state in 2000 and is conveniently located nearby one of Banner’s subsidiaries.
BRANDS/DIVISIONS/AFFILIATES: First Washington Bancorp Inland Empire Bank Towne Bank Pioneer American Property Company Inland Financial Corporation Banner Bank First Savings Bank of Washington
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Gary Simon, CEO Gary Simon, Pres. Cynthia Purcell, Exec.VP-COO Lloyd Baker, CFO Debbie Lawson, Human Resources Lloyd W. Baker, Treas. Michael K. Larsen, Exec. VP Jesse G. Foster, Pres.-Banner Bank Oregon S. Rick Meikle, Pres.-Banner Bank
Phone: 509-527-3636 Fax: 509-526-8898 Toll-Free: 800-272-9933 Address: 10 S. First Ave., Walla Walla, WA 99362-0265 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $130,000 ( 9 months) 2001 Profits: $9,100 ( 9 months) 2000 Sales: $167,600 2000 Profits: $18,300 Stock Ticker: BANR 1999 Sales: $119,800 1999 Profits: $15,440 Employees: 591 1998 Sales: $89,800 1998 Profits: $13,122 Fiscal Year Ends: 12/31 1997 Sales: $70,400 1997 Profits: $9,314
SALARIES/BENEFITS: Pension Plan: Savings Plan:
ESOP Stock Plan: Y Profit Sharing: Y Stock Purch. Plan: Growth through acquisitions.
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Apparent Women Officers or Directors: 3 Hot Spot for Advancement for Women/Minorities: Y
Top Exec. Salary: $308,275 Second Exec. Salary: $171,375
LOCATIONS: ("Y" = Yes) West: Y
Southwest:
Midwest:
Southeast:
Bonus: Bonus:
$122,238 $59,821
Northeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
www.plunkettresearch.com
BAY STATE BANCORP INC
215
www.baystatebank.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 172 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 168
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking/Savings Associations Mortgages Commercial Real Estate Construction and Development Commercial and Consumer Loans
Bay State Bancorp is the savings and loan holding company for Bay State Federal Savings Bank, a community-oriented savings institution that operates five full-service banking offices in the Boston metropolitan area. Since its merger with Union Federal Savings Bank, Bay State Bancorp has maintained assets of $506 million and six full service branch offices around the Boston area. In 1998, the bank became publicly traded with a public offering of over 2.3 million shares. Bay State’s principal business is attracting retail deposits from the general public in the areas surrounding its branch offices and investing those deposits, together with funds generated from operations and borrowings, primarily in adjustablerate and shorter-term fixed-rate one- to four-family residential mortgage loans. To a lesser extent, the bank invests in multi-family, commercial real estate, construction and development and commercial and consumer loans. Looking towards the future, the company plans to consider geographic expansion to other areas that will complement its franchise. The company emphasizes a personal relationship with its customers and believes it to be an essential part of its operations. Bay State Savings has total assets of over $200 million and conducts business through five full-service branches located in Worcester County. The company offers both personal and business services that include checking accounts, business retirement accounts, attorney client trust accounts and commercial loans, among various others. The company offers its employees tuition reimbursement and a comprehensive health plan, among other benefits.
BRANDS/DIVISIONS/AFFILIATES: Bay State Federal Bank Bay State Savings Bank Union Federal Savings Bank
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. John F. Murphy, CEO Denise M. Renaghan, Pres. Denise M. Renaghan, COO Michael O. Gilles, CFO Noelle G. Nickerson, VP-Personnel Jill W. MacDougall, Corp. Sec. John F. Murphy, Treas.
Phone: 617-739-9500 Fax: 617-734-5185 Toll-Free: Address: 1299 Beacon St., Brookline, MA 02146 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 12 months. 2001 Sales: $38,100 (12 months) 2001 Profits: $3,600 (12 months) 2000 Sales: $32,100 2000 Profits: $2,800 Stock Ticker: BYS 1999 Sales: $23,800 1999 Profits: $2,200 Employees: 100 1998 Sales: $19,700 1998 Profits: $-1,800 Fiscal Year Ends: 3/31 1997 Sales: $17,900 1997 Profits: $1,100
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Y Profit Sharing: Top Exec. Salary: $319,000 Stock Purch. Plan: Second Exec. Salary: $218,000 Recently merged with Union Federal Savings Bank.
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Apparent Women Officers or Directors: 3 Hot Spot for Advancement for Women/Minorities: Y
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Southeast:
Bonus: Bonus:
$85,000 $60,000
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
216
www.plunkettresearch.com
BAY VIEW CAPITAL CORP
www.bvcc.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 75 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 203
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y Y Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking/Savings Association Mortgages Home Equity Loans Motor Vehicle Loans Factoring and Re-Discount Lending Activities
Bay View Capital Corporation is a financial services company whose principal operations consist of three platforms: a Banking Platform, which is comprised primarily of mortgage loans and home equity loans; a Consumer Finance Platform, which is comprised of motor vehicle loans; and a Commercial Finance Platform, which is comprised of factoring, re-discount, warehouse and asset-based lending activities. The company, with assets of over $5 billion, has 57 branches primarily serving the San Francisco Bay Area and focuses on the diversification of its asset origination activities. Bay View Capital’s mission is to build a diversified financial services company by investing in niche businesses with risk-adjusted returns. Its subsidiaries include Bay View Bank, Bay View Acceptance Corporation, MoneyCare, Inc. and the Bay View Commercial Finance Group. Bay View Bank offers business and retail banking products, consumer lending and investment services to over 100,000 households. Bay View Acceptance is a subsidiary of Bay View Bank that offers motor vehicle loans and leases through independent automobile dealers. Another bank subsidiary, MoneyCare, sells non-deposit investment products which range from annuities and mutual funds to insurance and other nonFDIC insured financial products. The Commercial Finance Group provides asset-based lending and factoring to small, growing and middle market business communities. In recent years, Bay View has faced recurring financial losses and has cut its workforce by 15%.
BRANDS/DIVISIONS/AFFILIATES: Bay View Bank, N.A. Bay View Acceptance Corporation Bay View Credit Ultra Funding, Inc. Bay View Commercial Finance Group Bay View Financial Corporation Bay View Securitization Corporation Regent Financial Corporation
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Robert Goldstein, CEO Robert Goldstein, Pres. Richard E. Arnold, COO- Bay View Bank John W. Rose, CFO/Exec. VP Richard E. Arnold, Exec. VP/Dir.-Sales & Bank Oper. Carol Zoner, Human Resources Contact Ronald L. Reed, Exec. VP-MIS & Loan Servicing Jeffrey O. Butcher, Sr. VP/Controller Carolyn Williams , General Counsel Carolyn Williams , Chief Admin. Officer/Exec. VP John K. Okubo, Sr. VP/Treas. John N. Buckley, Exec. VP/Dir.-Credit Admin. James A. Badame, Jr., Pres.-Bay View Acceptance Corp.
Phone: 650-312-7200 Fax: 650-341-4063 Toll-Free: 800-229-8439 Address: 1840 Gateway Drive, Ste. 300, San Mateo, CA 94404 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $324,300 ( 9 months) 2001 Profits: $-104,000 ( 9 months) 2000 Sales: $536,800 2000 Profits: $-326,200 Stock Ticker: BVC 1999 Sales: $513,400 1999 Profits: $29,000 Employees: 1,018 1998 Sales: $437,500 1998 Profits: $22,719 Fiscal Year Ends: 12/31 1997 Sales: $252,000 1997 Profits: $14,021
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Y Profit Sharing: Top Exec. Salary: $425,000 Stock Purch. Plan: Second Exec. Salary: $250,000 Owns a substantial network of San Francisco branch banks.
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest:
Southeast:
Bonus: Bonus:
$187,500 $92,000
Northeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
www.plunkettresearch.com
217
BB&T CORP
www.bbandt.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 22 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Y
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 20
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking/Savings Associations
BB&T Corp. (BB&T) is a financial holding company that conducts its business through a number of subsidiaries throughout the Northeast and Southeast. The firm offers consumer bank accounts, loans, trusts, commercial loans, leasing, premium financing, insurance, securities lending, investment services and financial planning through its various subsidiaries and is the largest originator of real estate loans in the Carolinas. The firm’s operating strategy is to organize its subsidiaries as a group of community banks with respective regional presidents, allowing local decision-making with the customer in mind. Branch Banking and Trust is the company’s largest subsidiary and one of North Carolina's oldest banks; it writes real estate, consumer and commercial loans mainly funded by savings accounts, CDs and IRAs. Other units provide such services as full-service brokerage, used car loans, insurance and lease financing and management. Recent acquisitions include Virginia Capital Bancshares, Inc., F&M National Corp., MidAmerica Bancorp, Area Bancshares Corp. and First Banking Co. SE GA. BB&T offers employees an exciting and high performance work environment with continuous training and professional development opportunities, as well as competitive benefits including extensive coverage and reimbursement accounts.
BRANDS/DIVISIONS/AFFILIATES: Branch Banking and Trust BB&T Insurance Services, Inc. BB&T Investment Services, Inc. BB&T Leasing Corp. BB&T Factors Corp. Farr Associates Inc. Agency Technologies, Inc. Liberty Mortgage Corp.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. John A. Allison, CEO Kelly S. King, Pres. Henry G. Williamson, Jr., COO Scott E. Reed, CFO Charlie McCurry, VP-Human Resources Sherry A. Kellett, Controller Jerone C. Herring, Corp. Sec. Robert E. Greene, Sr. Exec. VP-Admin. W. Kendall Chalk, Sr. Exec. VP/CCO Leon Wilson, Sr. Exec. VP-Oper.
Phone: 336-733-2000 Fax: 336-733-2009 Toll-Free: Address: 200 W. 2nd St., Winston-Salem , NC 27101 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $4,512,400 ( 9 months) 2001 Profits: $671,200 ( 9 months) 2000 Sales: $5,116,700 2000 Profits: $626,400 Stock Ticker: BBT 1999 Sales: $4,650,700 1999 Profits: $705,600 Employees: 17,500 1998 Sales: $4,183,200 1998 Profits: $651,700 Fiscal Year Ends: 12/31 1997 Sales: $3,103,300 1997 Profits: $405,600
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Profit Sharing: Stock Purch. Plan: Y Growth through acquisitions.
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
Top Exec. Salary: $771,600 Second Exec. Salary: $567,000
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Southeast: Y
Bonus: Bonus:
$906,090 $599,245
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
218
www.plunkettresearch.com
BEAR STEARNS COS INC (THE)
www.bearstearns.com
Industry Group Code: 523110 Ranks within this company's industry group: Sales: 7 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Y Y Y Y Y
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 7
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Stock Brokerage/Investment Banking Corporate Finance Mergers and Acquisitions Institutional Equities Fixed Income Sales and Trading Foreign Exchange and Futures Sales and Trading Asset Management Custody Services
The Bear Stearns Companies, Inc. is a holding company that was founded in 1923. Through its main subsidiaries, Bear, Stearns & Co., Inc., Bear Stearns Securities Corp., Bear Stearns International Limited and Bear Stearns Bank plc, it is a leading investment banking and securities trading and brokerage firm serving governments, corporations, institutions and individual investors worldwide. Bear Stearns operates in three principal segments: capital markets, global clearing services and wealth management. The company’s business includes corporate finance, mergers and acquisitions, institutional equities and fixed income sales, trading and research, private client services, derivatives, foreign exchange and futures sales and trading, asset management and custody services. Bear, Stearns & Co. has offices across the U.S. and an international presence in Beijing, Buenos Aires, Dublin, Hong Kong, London, Lugano, Shanghai, Singapore and Tokyo. Another subsidiary, the Bear Stearns Family of Funds, provides investment products and services to a client base that includes institutions, employee benefit plans, university endowments, charitable trusts and individuals. Recently, Bear Stearns expanded its e-commerce capabilities, and the e-Commerce Division has become an important element in the growth of new franchises. In addition, the company’s presence is Europe is growing with the rapid expansion of its London office.
BRANDS/DIVISIONS/AFFILIATES: Bear Stearns & Co. Inc. Bear Stearns Securities Corp. Bear Stearns International Limited Bear Stearns Bank plc Bear Stearns Family of Funds
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. James E. Cayne, CEO James E. Cayne, Pres. Samuel L. Molinaro, Jr., Sr. VP-Finance/CFO Stephen A. Lacoff, Sr. Managing Dir.-Personnel Michael J. Abatemarco, Controller Mark E. Lehman, Exec. VP/General Counsel Michael Minikes, Treas.
Phone: 212-272-2000 Fax: 212-272-4785 Toll-Free: Address: 245 Park Ave., New York, NY 10167-0002 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $6,897,300 ( 9 months) 2001 Profits: $463,800 ( 9 months) 2000 Sales: $10,276,600 2000 Profits: $773,200 Stock Ticker: BSC 1999 Sales: $7,882,000 1999 Profits: $673,000 Employees: 11,201 1998 Sales: $7,979,936 1998 Profits: $660,429 Fiscal Year Ends: 11/30 1997 Sales: $6,077,278 1997 Profits: $613,330
SALARIES/BENEFITS: Pension Plan: Y Savings Plan:
ESOP Stock Plan: Y Profit Sharing: Top Exec. Salary: $200,000 Stock Purch. Plan: Second Exec. Salary: $200,000 Positioned for growth/Services a number of growing business sectors.
COMPETITIVE ADVANTAGE: OTHER T HOUGHTS:
Apparent Women Officers or Directors: Hot Spot for Advancement for Women/Minorities:
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Bonus: Bonus:
$11,665,172 $10,373,868
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International: Y
www.plunkettresearch.com
219
BEDFORD BANCSHARES INC Industry Group Code: 522110 Ranks within this company's industry group: Sales: 202 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 181
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking/Savings Associations Mortgages Consumer Loans Business Loans
Bedford Bancshares, Inc. is a holding company for Bedford Federal Savings Bank, a federally chartered stock savings bank. The bank has eight ATM outlets and four full-service offices located in Bedford and Bedford County, Virginia. For over 65 years, the company has been operating a traditional savings bank business, attracting deposit accounts from the general public and using those deposits to originate loans. Bedford Bancshares offers various deposit accounts, including checking, savings and money market accounts, as well as CDs and IRAs. Lending activities include one- to four-family residential loans, construction loans to residential and commercial builders, multi-family and commercial real estate loans, land loans for developed lots, consumer loans and business loans. The bank is a member of and owns capital stock in the Federal Home Loan Bank of Atlanta (FHLB), which is one of the 12 regional banks in the FHLB System.
BRANDS/DIVISIONS/AFFILIATES: Bedford Federal Savings Bank
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Harold K. Neal, CEO Harold K. Neal, Pres. James W. Smith, VP/CFO Nancy T. Snyder, Human Resources James W. Smith, Treas. Russell E. Millner, VP
Phone: 540-586-2590 Fax: 540-586-6582 Toll-Free: Address: 125 W. Main St., Bedford, VA 24523 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 12 months. 2001 Sales: $16,100 (12 months) 2001 Profits: $2,300 (12 months) 2000 Sales: $14,400 2000 Profits: $2,200 Stock Ticker: BFSB 1999 Sales: $13,000 1999 Profits: $2,200 Employees: 51 1998 Sales: $12,200 1998 Profits: $2,000 Fiscal Year Ends: 9/30 1997 Sales: $10,900 1997 Profits: $1,600
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Profit Sharing:
Top Exec. Salary: $132,000 Second Exec. Salary: $100,000
Bonus: Bonus:
$1,321 $1,225
Offers a diversified list of services.
Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Southeast:
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
220
www.plunkettresearch.com
BERKSHIRE HATHAWAY INC
www.berkshirehathaway.com
Industry Group Code: 524113 Ranks within this company's industry group: Sales: 3 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 2
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Insurance Company-Underwriting Reinsurance Investments Candy Jewelry Flight Services Shoes Furniture
Berkshire Hathaway, Inc. is a holding company that owns subsidiaries engaged in a number of diverse business activities, the most most important of which are insurance and reinsurance. The property and casualty insurance business is conducted on both a direct and reinsurance basis through the Berkshire Hathaway Insurance Group. General Re Corporation provides worldwide customers with life, accident and health reinsurers, as well as internationally-based property and casualty reinsurers. The company's subsidiary GEICO (Government Employees Insurance Co.) mainly provides auto insurance to low-risk demographic groups such as government and military employees and is the sixth largest auto insurer in the U.S. Berkshire Hathaway provides high technology training to operators of aircraft and ships through FlightSafety International, Inc. The company is also in the retail business with home furnishing stores (Nebraska Furniture Mart, R.C. Willey Home Furnishings, Star Furniture Company and Jordan’s Furniture, Inc.) and a jewelry store called Borsheim’s Jewelry Company. In addition, Berkshire Hathaway manufactures and distributes a wide variety of products for residential, industrial and institutional use. The company produces boxed chocolates and other confectionery products through See’s Candies, owns several shoe businesses including Dexter Shoe Company and Justin Brands and owns International Dairy Queen, which services a system of over 6,000 snack and drink food stores under the names Dairy Queen, Orange Julius and Karmelkorn. American Express Company, The Coca-Cola Company, The Gillette Company and The Washington Post Company are some of the companies in which Berkshire Hathaway has equity ownership. In recent news, Berkshire Hathaway acquired XTRA Corporation, which leases over-the-road trailers, marine containers and intermodal equipment, including intermodal trailers, chassis and domestic containers. Berkshire Hathaway's founder and chairman, Warren Buffett, is world-famous for his business and investment expertise.
BRANDS/DIVISIONS/AFFILIATES: Berkshire Hathaway Insurance Group GEICO Direct Auto Insurance General Re Corporation See's Candies FlightSafety Internaional, Inc. Dexter Shoe Company Borsheim's Fine Jewelry XTRA Corporation
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Warren E. Buffet, CEO Marc D. Hamburg, VP/CFO Daniel J. Jaksich, Controller Forrest N. Krutter, Corp. Sec. Marc D. Hamburg, VP/Treas. Rebecca K. Amick, Dir.-Internal Auditing Mark D. Millard, Dir.-Financial Assets
Phone: 402-346-1400 Fax: 402-346-3375 Toll-Free: Address: 1440 Kiewit Plaza, Omaha, NE 68131 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 6 months. 2001 Sales: $18,798,000 ( 6 months) 2001 Profits: $1,379,000 ( 6 months) 2000 Sales: $33,976,000 2000 Profits: $3,328,000 Stock Ticker: BRKA 1999 Sales: $24,028,000 1999 Profits: $1,557,000 Employees: 45,000 1998 Sales: $13,832,000 1998 Profits: $2,830,000 Fiscal Year Ends: 12/31 1997 Sales: $10,430,000 1997 Profits: $1,902,000
SALARIES/BENEFITS: Pension Plan: Y Savings Plan:
ESOP Stock Plan: Y Stock Purch. Plan:
COMPETITIVE ADVANTAGE:
Top Exec. Salary: $365,500 Bonus: $ Second Exec. Salary: $100,000 Bonus: $ One of the world's most successful investment companies/Leadership of highly respected CEO, Warren Buffet.
OTHER THOUGHTS: Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
Profit Sharing:
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International: Y
www.plunkettresearch.com
221
BILLSERV INC
www.billserv.com
Industry Group Code: 522320 Ranks within this company's industry group: Sales: 13 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Y
Profits: 10
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Y Y
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Payment and Transaction Processing Services Electronic Billing Services
Billserv, Inc. provides electronic bill presentment and payment (EBPP) services to companies generating recurring paper-based bills. The firm’s turnkey solution allows clients to establish an interactive, online relationship with their customers, create additional revenue streams, increase branding opportunities, enhance customer service and reduce the costs associated with billing and customer care. This solution also enables customers to establish an EBPP offering in as little as four weeks, without diverting critical time and financial resources from their primary lines of business. In addition to its constant pursuit of new customers, the company assists existing customers in developing strategies that encourage the highest possible acceptance by the consumer. Billserv’s Electronic Presentment Innovation CENTER strategy focuses on increasing consumer adoption rates in metropolitan areas by entering into marketing agreements with local, regional and national billers. Recently, the firm introduced the Billserv Customer Communication Network, an outsourced solution that privately and securely puts billers in direct, interactive contact with their customers. The solution surrounds electronic bills with interactive customer care and communication, effectively creating a direct media network. In the Summer of 2001, the company formed an alliance with CallVision to offer a comprehensive EBPP solution to the telecommunications industry. In order to create such a solution, Billserv has integrated its robust electronic aggregation capabilities with CallVision’s billerdirect solutions. Billserv, Inc. offers its employees medical, dental and life insurance and reduced health club membership rates. The company’s headquarters features an indoor 18-hole golf course. Employees are encouraged to dress casually.
BRANDS/DIVISIONS/AFFILIATES: Electronic Presentment Innovation CENTER Billserv Customer Communication Network
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Michael R. Long, CEO Louis A. Hoch, COO Terri A. Hunter, CFO Tony Diamond, Sr. VP-Sales & Mktg. Marshall N. Millard, General Counsel
Phone: 210-402-5000 Fax: 210-402-5155 Toll-Free: Address: 211 N. Loop 1604 East, Ste. 100, San Antonio, TX 78232 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $2,000 ( 9 months) 2001 Profits: $-8,300 ( 9 months) 2000 Sales: $ 612 2000 Profits: $-20,008 Stock Ticker: BLLS 1999 Sales: $ 55 1999 Profits: $-5,473 Employees: 141 1998 Sales: $ 1998 Profits: $- 290 Fiscal Year Ends: 12/31 1997 Sales: $ 1997 Profits: $
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Profit Sharing: Top Exec. Salary: $188,046 Stock Purch. Plan: Y Second Exec. Salary: $164,231 Unique, online payment technologies.
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
LOCATIONS: ("Y" = Yes) West:
Southwest: Y
Midwest: Y
Southeast:
Bonus: Bonus:
$ $
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International: Y
222
www.plunkettresearch.com
BINGHAM FINANCIAL SERVICES INC www.binghamfinancial.com Industry Group Code: 522291 Ranks within this company's industry group: Sales: 8 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 8
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y Y Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Finance-Consumer Manufactured Home Loans
Bingham Financial Services (Bingham) is a specialized financial services company that provides and services loans used to finance commercial real estate and manufactured homes. The company’s operations are carried on through its subsidiaries, including Bloomfield Acceptance Company, L.L.C., Bloomfield Servicing Company, L.L.C., Dynex Insurance Agency, Inc. (which sells property/casualty, life, and warranty coverage to compliment the company’s residential lending), Hartger & Willard Mortgage Associates, Inc., and Origen Financial, Inc. (formerly Dynex Financial). Bingham is a spin-off from a Michigan-based real estate investment trust that owns and manages mobile-home communities.
BRANDS/DIVISIONS/AFFILIATES: Origen Financial Dynex Insurance Agency, Inc. Bloomfield Acceptance Company, L.L.C. Bloomfield Servicing Company, L.L.C. Hartger & Willard Mortgage Associates, Inc.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Ronald A. Klein, CEO Ronald A. Klein, Pres. J. Peter Scherer, COO W. Anderson Geater, CFO Gary A. Shiffman, Corp. Sec. W. Anderson Geater, Treas.
Phone: 248-644-5470 Fax: 248-644-5595 Toll-Free: Address: 260 E. Brown St., Ste. 200, Birmingham , MI 48009 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $24,400 ( 9 months) 2001 Profits: $-2,900 ( 9 months) 2000 Sales: $25,500 2000 Profits: $-16,300 Stock Ticker: BFSC 1999 Sales: $16,300 1999 Profits: $ 800 Employees: 218 1998 Sales: $6,100 1998 Profits: $- 600 Fiscal Year Ends: 9/30 1997 Sales: $ 300 1997 Profits: $- 100
SALARIES/BENEFITS: Pension Plan: Savings Plan:
ESOP Stock Plan: Stock Purch. Plan:
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Profit Sharing:
Top Exec. Salary: $250,000 Second Exec. Salary: $165,375
Bonus: Bonus:
$150,000 $105,882
Operates in a unique niche.
Apparent Women Officers or Directors: Hot Spot for Advancement for Women/Minorities:
LOCATIONS: ("Y" = Yes) West:
Southwest: Y
Midwest: Y
Southeast: Y
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
www.plunkettresearch.com
223
BISYS GROUP INC (THE)
www.bisys.com
Industry Group Code: 522320 Ranks within this company's industry group: Sales: 8 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Y
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 6
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Y Y Y
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Payment Processing Services Data Processing Real Estate Loan Servicing Item Processing Services Mutual Fund Administration Check Imaging Systems Insurance Information Software Education Services
The BISYS Group Inc. supports more than 15,000 financial institutions and corporate clients through its integrated business units. BISYS provides information processing and check imaging solutions to more than 1,000 financial institutions nationwide; distributes and administers over 120 families of mutual funds consisting of more than 1,100 portfolios; provides retirement plan recordkeeping services to approximately 6,000 companies in partnership with 35 of the nation's leading bank and investment management companies; and provides insurance distribution solutions, professional certification training and licensing and continuing education, and investment industry consulting services. BISYS seeks to be the single source of all relevant outsourcing solutions for its clients and to improve their performance, profitability and competitive position. Through its Retained Asset Account processing business, BISYS has expanded its data processing services to include servicing the retained asset programs of more than 100 of the largest life and property/casualty insurance carriers in the United States. The company endeavors to expand the scope of its services through focused account management, emphasizing services with recurring revenues and longterm contracts. BISYS increases its business base through direct sales to new clients, sales of additional products and services to existing clients and acquisitions of businesses that provide complementary outsourcing solutions to financial organizations and other customers. Recent acquisitions of the company include Life Brokerage Corporation, Toner Organization and Universal Pensions, Inc.
BRANDS/DIVISIONS/AFFILIATES: Life Brokerage Corporation Universal Pensions, Inc. Toner Organization Boston Institutional Group BISYS Retirement Services The Advanced Markets, LLC Insurance Exchange of America, Inc., The Pictorial
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Lynn J. Mangum, CEO Dennis R. Sheehan, Pres. Dennis R. Sheehan, COO Andrew C. Corbin, CFO Neil P. Marcous, Exec. VP-Strategic Mktg. Mark J. Rybarczyk, Sr. VP-Human Resources Neil P. Marcous, Exec. VP-Tech. William W. Nelville, Group Pres.-Info. Svcs. Kevin J. Dell, Corp. Sec. Kevin J. Dell, General Counsel J. Robert Jones, Exec. VP-Bus. Dev. Leonard L. Reynolds , Group Pres.-Insurance and Education Services William J. Tomko, Group Pres.-Investment Services
Phone: 212-907-6000 Fax: 212-907-6014 Toll-Free: Address: 90 Park Ave., 10th Floor, New York, NY 10016 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 12 months. 2001 Sales: $701,800 (12 months) 2001 Profits: $85,100 (12 months) 2000 Sales: $571,400 2000 Profits: $70,200 Stock Ticker: BSYS 1999 Sales: $472,700 1999 Profits: $38,100 Employees: 4,300 1998 Sales: $386,300 1998 Profits: $40,000 Fiscal Year Ends: 6/30 1997 Sales: $318,988 1997 Profits: $40,751
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Profit Sharing: Top Exec. Salary: $595,057 Bonus: $605,000 Stock Purch. Plan: Y Second Exec. Salary: $366,383 Bonus: $200,000 Major provider of outsourcing solutions, built around the company's adaptable product.
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Apparent Women Officers or Directors: Hot Spot for Advancement for Women/Minorities:
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International: Y
224
www.plunkettresearch.com
BLACKROCK INC
www.blackrock.com
Industry Group Code : 523920 Ranks within this company's industry group: Sales: 7 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Y
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 9
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Investment Management
BlackRock, Inc., a subsidiary of PNC Financial, is a global investment management firm that offers a variety of financial services to more than 3,300 institutions and 200,000 individual clients. With $220 billion of assets under management, the company’s products range from fixed income and mutual funds to liquidity and alternative investment separate accounts. Specific products include BlackRock Funds and the BlackRock Provident Institutional Funds families. The company also provides risk management and investment technology services to institutions through its BlackRock Solutions product line. Fixed incom e products comprise the majority of assets maintained by BlackRock and alternative investment products account for the least amount. The firm conducts business through offices located in Edinburgh, Scotland; Hong Kong; Tokyo, Japan; Wilmington, Delaware; and Philadelphia, Pennsylvania.
BRANDS/DIVISIONS/AFFILIATES: PNC Financial Services BlackRock Funds BlackRock Provident Institutional Funds BlackRock Solutions Anthracite Capital, Inc.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Laurence D. Fink, CEO Ralph L. Schlosstein, Pres. Paul L. Audet, CFO Rosemarie Burno, Human Resources Robert P. Connolly, General Counsel
Phone: 212-754-5300 Fax: 212-409-3123 Toll-Free: Address: 345 Park Ave., New York, NY 10154 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $403,800 ( 9 months) 2001 Profits: $79,100 ( 9 months) 2000 Sales: $476,900 2000 Profits: $87,400 Stock Ticker: BLK 1999 Sales: $381,000 1999 Profits: $59,400 Employees: 727 1998 Sales: $339,500 1998 Profits: $35,600 Fiscal Year Ends: 12/31 1997 Sales: $205,500 1997 Profits: $22,100
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Profit Sharing: Stock Purch. Plan: Y Steady, profitable growth.
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
Top Exec. Salary: $500,000 Second Exec. Salary: $400,000
LOCATIONS: ("Y" = Yes) West: Y
Southwest:
Midwest:
Southeast:
Bonus: Bonus:
$7,589,463 $4,471,958
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International: Y
www.plunkettresearch.com
225
BNP PARIBAS
www.bnpparibas.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 4 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Y
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y Y Y Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 5
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Investment Banking Corporate Finance Insurance Energy and Commodities Trading Asset Management Securities Equity Derivatives
BNP Paribas is a diversified financial services firm with operations in nearly 85 countries. Headquartered in France, the company operates one of the largest retail banking operations in Europe, with more than 2,200 branch offices throughout France. In addition, BNP Paribas is the parent company for BancWest Corporation, which serves more than 1.1 million households and businesses in the Western U.S. BancWest owns two bank subsidiaries, First Hawaiian Bank and Bank of the West. Combined, the two banks operate more than 250 branches located in California, Oregon, Nevada, Washington, Idaho, New Mexico and Hawaii. BNP Paribas recently acquired United California Bank, a subsidiary of UFJ Holdings, for $2.4 billion. The 117 branches and $11 billion in assets of United California Bank will become part of Bank of the West, more than doubling the bank’s presence in California. BNP Paribas is also a leading provider of corporate and investment banking services across the globe. The firm maintains a strong presence in the capital markets of Paris, London, Singapore, Hong Kong and Tokyo. Corporate and investment banking services provided by the company include corporate finance, equity derivatives, energy and commodities trading, international trade finance, commercial banking and fixed-income securities. Moreover, other subsidiaries of BNP Paribas offer a number of specialized financial services, including private banking, asset management, insurance, securities services and real estate.
BRANDS/DIVISIONS/AFFILIATES: BancWest Corporation United California Bank First Hawaiian Bank Bank of the West UFJ Holdings BNP Paribas Capital
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Michel Pebereau, CEO Baudouin Prot, Pres. Dominique Hoenn, COO Philippe Bordenave, Finance and Control Bernard Lemee, Human Resources Herve Gouzel, Info. Systems Laurent Treca, Dev. Baudouin Prot, COO Walter A. Dods, Jr., CEO, BancWest Alain Moynot, Domestic Retail Banking Don J. McGrath, Pres./COO, BancWest
Phone: 33-1-40-14-45-46 Fax: 33-1-40-14-75-45 Toll-Free: Address: 16, boulevard des Italiens , Paris Cedex 09, 75009 France
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for months. 2001 Sales: $ ( months) 2001 Profits: $ ( months) 2000 Sales: $49,045,100 2000 Profits: $3,883,200 Stock Ticker: BNP 1999 Sales: $31,049,800 1999 Profits: $1,494,400 Employees: 1998 Sales: $27,355,600 1998 Profits: $1,361,800 Fiscal Year Ends: 12/31 1997 Sales: $ 1997 Profits: $
SALARIES/BENEFITS: Pension Plan: Savings Plan:
ESOP Stock Plan: Stock Purch. Plan:
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Profit Sharing:
Top Exec. Salary: $ Second Exec. Salary: $
Bonus: Bonus:
$ $
Global presence.
Apparent Women Officers or Directors: Hot Spot for Advancement for Women/Minorities:
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest:
Southeast:
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International: Y
226
www.plunkettresearch.com
BOK FINANCIAL CORP
www.bokf.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 59 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Y Y
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 65
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y Y Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
Y
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking/Savings Associations Investment Services
BOK Financial is a financial holding company that offers corporate banking, consumer banking, mortgage banking and trust services through its subsidiaries the Bank of Albuquerque, Bank of Arkansas, Bank of Oklahoma and Bank of Texas. BOK also operates BOSC, Inc., a fullservice securities firm with specialized expertise in public and municipal finance and private placements. Subsidiary BOK Capital Services offers leasing and mezzanine financing services. The banks offer deposit accounts, credit cards and loans for both consumers and businesses, with business loans accounting for almost almost 60% of the company’s portfolio. BOK recently acquired Houston-based CNBT Bancshares, a banking organization with six bank facilities in the Houston metropolitan area. The merger has helped to expand the company’s current Texas operations. Its Bank of Oklahoma subsidiary recently completed its expansion into every Tulsa area Albertson’s store, allowing the grocery locations to offer the same services as a traditional banking location.
BRANDS/DIVISIONS/AFFILIATES: Bank of Oklahoma Bank of Texas Bank of Albuquerque Bank of Arkansas BOSC, Inc. BOK Capital Services CNBT Bancshares
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Stanley A. Lybarger, CEO Stanley A. Lybarger, Pres. Steven E. Nell, CFO Paul M. Elvir, Exec. VP-Tech. Valerie Toalson, Controller Frederic Dorwart, Corp. Sec. Paul M. Elvir, Exec. VP-Oper. Eugene A. Harris, Chief Credit Officer James A. Dietz, Sr. VP-Risk Management John C. Morrow , Sr. VP-Dir. Of Financial Accounting and Reporting
Phone: 918-588-6416 Fax: 918-588-6853 Toll-Free: Address: Bank of Oklahoma Tower, Tulsa, OK 74192 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $710,500 ( 9 months) 2001 Profits: $86,000 ( 9 months) 2000 Sales: $837,600 2000 Profits: $100,100 Stock Ticker: BOKF 1999 Sales: $688,800 1999 Profits: $89,200 Employees: 3,003 1998 Sales: $577,800 1998 Profits: $79,600 Fiscal Year Ends: 12/31 1997 Sales: $488,700 1997 Profits: $68,200
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Top Exec. Salary: $425,000 Second Exec. Salary: $240,000 Regional focus/Diversified services/Profitable growth.
Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
Profit Sharing:
LOCATIONS: ("Y" = Yes) West:
Southwest: Y
Midwest:
Southeast: Y
Bonus: Bonus:
$125,000 $93,500
Northeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
www.plunkettresearch.com
227
BOSTONFED BANCORP INC
www.bostonfed.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 120 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 119
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking/Savings Association Mortgages Real Estate Operations Residential and Commercial Loans Investment Banking
BostonFed Bancorp, Inc. is the holding company for Boston Federal Savings Bank and Broadway National Bank, which serve suburbs north of Boston and the greater Boston metropolitan area through nine banking offices. Deposit products include checking, savings, NOW and money market accounts, as well as CDs. Nearly 85% of the company’s loan portfolio consists of mortgages for one- to four-family homes; the company also offers multifamily residential and commercial real estate loans. The company invests mostly in government obligations and mortgage-related mutual funds and has investment and real estate subsidiaries. The company’s future plans include continuing to concentrate on originating and servicing one- to four-family home loans, but will gradually, in a prudent and conservative manner, diversify its loan portfolio to include a moderately higher amount and percentage of commercial, construction and multi-family real estate and equity loans. In addition, BostonFed will continue to capitalize on its niche in the market place to minimize the impact of changing economic conditions. The company is active in helping the community through its support of Habitat for Humanity.
BRANDS/DIVISIONS/AFFILIATES: Boston Federal Savings Bank Broadway National Bank
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. David F. Holland, CEO David F. Holland, Pres. John A. Simas, CFO/VP Scott Flagg, Mgr.-Human Resources Stephen F. Kelly, Controller/Sr. VP Amy L. Timmerman, Investor Rel. Officer Mark H. Kellett, Treas./Sr. VP David P. Conley, Pres.-Boston Federal Shaun W. McGee, VP/Pres.-Forward Financial
Phone: 781-273-0300 Fax: 781-229-0282 Toll-Free: Address: 17 New England Executive Park, Burlington, MA 01803 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $83,800 ( 9 months) 2001 Profits: $7,100 ( 9 months) 2000 Sales: $106,200 2000 Profits: $9,700 Stock Ticker: BFD 1999 Sales: $87,600 1999 Profits: $8,600 Employees: 427 1998 Sales: $80,900 1998 Profits: $7,600 Fiscal Year Ends: 12/31 1997 Sales: $72,800 1997 Profits: $7,100
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Y Profit Sharing: Stock Purch. Plan: Focuses on niche markets.
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
Top Exec. Salary: $360,000 Second Exec. Salary: $210,000
LOCATIONS: ("Y" = Yes) West:
Southw est:
Midwest:
Southeast:
Bonus: Bonus:
$81,000 $54,469
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
228
www.plunkettresearch.com
BOTTOMLINE TECHNOLOGIES INC
www.bottomline.com
Industry Group Code: 511200 Ranks within this company's industry group: Sales: 5 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Y Y
Profits: 3
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Software-Electronic Banking Online Billing Online Payment Online Invoicing
Bottomline Technologies provides services that allow organizations to control, manage and issue payments electronically to facilitate e-commerce. The company’s Financial Resource Management (FRM) software integrates into existing corporate payment applications such as accounts payable and payroll. The software enables businesses and financial institutions to manage their critical financial transactions, cash decisions and financial relationships via the Internet. Over 5,500 customers from a wide array of industries have implemented the software, including 50 of the Fortune 100 companies and 95 of the U.K.’s largest corporations. Industry leaders such as Oracle, Microsoft, Citibank, Lockheed Martin, Johnson & Johnson, Proctor & Gamble and Boeing use Bottomline's products. The software presents a cost-effective and secure alternative to printing paper checks and also allows companies to do business more effectively over the Internet. Its web-enabled offerings are comprised of NetTransact, an online invoicing and payment solution; PayBase WebSeries, for web-based payment, reporting and authorization; and BankQuest, for Internet access to electronic banking applications. Another offering, SmARt Cash software, improves the efficiency of accounts receivable departments by automating their software. The acquisition of Checkpoint Holdings in the U.K. acted as a beachhead for the company in the international market, opening a new distribution channel and support network for overseas partners and consumers.
BRANDS/DIVISIONS/AFFILIATES: NetTransact PayBase BankQuest SmARt Cash Checkpoint Holdings Flashpoint
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Daniel M. McGurl, CEO Joseph Mullen, Pres. Robert A. Eberle, COO Robert A. Eberle, CFO Craig Jones, VP-Mktg. Eric Campbell, Chief Tech. Officer Vince Bahl, VP-Dev. Kevin Donovan, Treas. Dave Hickey, VP-Strategic Alliances Peter Fortune, Pres., Bottomline Europe/Checkpoint Tom Daniels, VP-Corp. Support and Services Jonathan Smolowe, VP-National Sales
Phone: 603-436-0700 Fax: 603-436-0300 Toll-Free: 800-243-2528 Address: 155 Fleet St., Portsmouth, NH 03801 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 12 months. 2001 Sales: $77,100 (12 months) 2001 Profits: $-40,000 (12 months) 2000 Sales: $49,100 2000 Profits: $-14,300 Stock Ticker: EPAY 1999 Sales: $39,300 1999 Profits: $4,100 Employees: 517 1998 Sales: $29,000 1998 Profits: $1,600 Fiscal Year Ends: 6/30 1997 Sales: $22,100 1997 Profits: $-1,300
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Top Exec. Salary: $250,000 Bonus: Second Exec. Salary: $200,000 Bonus: Large customer base/Ability to integrate a variety of vital financial functions.
Apparent Women Officers or Directors: Hot Spot for Advancement for Women/Minorities:
Profit Sharing:
LOCATIONS: ("Y" = Yes) West: Y
Southwest:
Midwest: Y
Southeast:
$100,000 $80,000
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International: Y
www.plunkettresearch.com
229
BOWNE & CO INC
www.bowne.com
Industry Group Code: 323000 Ranks within this company's industry group: Sales: 2 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Y
Profits: 2
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Y
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
Y
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Printing Internet Services Financial Documentation Language Translation Services
Bowne & Co. is the world's largest financial printer, specializing in printing documentation for securities offerings, corporate restructurings and electronic filings. The company also prints other materials that include business forms, sales aids and literature, point-ofpurchase materials, market letters, newsletters and legal briefs. Additionally, Bowne is a leader in designing and developing some of the most popular financial services web sites. For example, the company prepares financial documentation to be filed in the EDGAR system, the SEC's electronic filing and Internet accessible system. Over 1,000 EDGAR filings are submitted each day by Bowne. Bowne has experience in international markets that no other firm has, and it has handled more multinational privatizations, acquisitions and debt and equity offerings than all other financial printers combined. Accordingly, the company can provide its services in any language. Though not a major part of it operations, Bowne's advertising strategy is designed to highlight its transition from a traditional financial printer to a diversified document and information management company. In recent company news, Microsoft renewed its master agreement with Bowne Global Solutions which will allow Bowne to test various consumer applications such as Microsoft MSN and Encarta. In other news, the firm completed its acquisition of Mendez S.A. from Lernout & Hauspie, which will be incorpoarted into the Global Solutions division.
BRANDS/DIVISIONS/AFFILIATES: Bowne of Atlanta Bowne Digital Services Bowne Williams Lea International Bowne Business Services, Inc. Bowne Business Communications, Inc. Bowne Global Solutions Lernout & Hauspie Mendez S.A.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Robert M. Johnson, CEO Carl J. Crosetto, Pres. C. Cody Colquitt, Sr. VP/CFO Thomas J. Vos, VP-Mktg. Susan W. Cummisky, VP-Human Resources Carl D. Glaeser, Sr. VP-Tech. Kenneth W. Swanson, Sr. VP-Print Mfg. Douglas F. Bauer, Corp. Sec. Douglas F. Bauer, General Counsel John O. Penhollow , VP-Tech. Services
Phone: 212-924-5500 Fax: 212-229-3149 Toll-Free: Address: 345 Hudson St., New York, NY 10014 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $775,500 ( 9 months) 2001 Profits: $-15,400 ( 9 months) 2000 Sales: $1,113,500 2000 Profits: $7,000 Stock Ticker: BNE 1999 Sales: $1,010,800 1999 Profits: $27,800 Employees: 8,500 1998 Sales: $847,566 1998 Profits: $27,127 Fiscal Year Ends: 12/31 1997 Sales: $716,647 1997 Profits: $74,700
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Y Profit Sharing: Y Top Exec. Salary: $550,000 Stock Purch. Plan: Second Exec. Salary: $375,000 Internet expertise/Translation services/World's largest financial printer.
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Bonus: Bonus:
$361,500 $206,400
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International: Y
230
www.plunkettresearch.com
BROWN & BROWN
www.brown-n-brown.com
Industry Group Code: 524113 Ranks within this company's industry group: Sales: 84 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 60
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Insurance Company-Underwriting Insurance Brokerage
Brown & Brown, Inc., formerly known as Poe & Brown, Inc., has been in the insurance business since 1940. The company writes over $1 billion in insurance premiums annually and is currently the eighth largest independent insurance agency organization in the United States. Through its retail, national programs, brokerage and services divisions, Brown & Brown, Inc. operates in every region of the United States. The company administers endorsed insurance programs, property, casualty, life and health insurance programs to over 100 national, regional, state and local organizations. Through a series of acquisitions, Brown & Brown has been able to expand its sphere of influence. Purchases include the assets of Taber and Taber, Inc., a firm focused on commercial and personal lines of insurance; assets of Robert L. Matson Insurance, Inc., a unique agency dedicated in providing insurance solely to Native American tribes; McKinnon & Mooney, Inc., a company specializing in personal and commercial property and casualty accounts; FroelichPaulson-Moore, Inc., which operates in North Dakota and Minnesota; the assets of Web-Kor Insurance Agency, Inc., one of the largest property and casualty agencies in the Charleston, South Carolina area; and The Benefit Group, Inc., an insurance agency that specializes in offering group benefit programs for large commercial accounts. In addition, Brown & Brown has acquired the assets of Bynum, Grace & Joffrion, Henry S. Lehr, AFC Insurance, Logan Insurance Agency, Inc., Menk & Associates, Inc. and Connelly Insurance Group, among several others. The merger of Raleigh, Schwarz & Powell and Golden Gate Holdings with the company has facilitated its entry into the Pacific Northwest, specifically the San Francisco Bay area. In other news, the firm announced the creation of a new subsidiary, Brown & Brown Re, which focuses on providing treaty and facultative reinsurance brokerage services.
BRANDS/DIVISIONS/AFFILIATES: Poe & Brown Brown & Brown Re Raleigh, Schwarz & Powell Golden Gate Holdings Taber and Taber, Inc. Robert L. Matson Insurance, Inc. Web-Kor Insurance Agency, Inc. Benefit Group, Inc. (The)
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. J. Hyatt Brown, CEO J. Hyatt Brown, Pres. Cory T. Walker, CFO/VP Kari Lemki, Human Resources Laurel L. Grammig, General Counsel Cory T. Walker, Treas. Jim W. Henderson, Exec. VP
Phone: 386-252-9601 Fax: 386-239-7252 Toll-Free: 800-877-2769 Address: 220 South Ridgewood Ave., Daytona Beach, FL 32114 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $242,800 ( 9 months) 2001 Profits: $37,600 ( 9 months) 2000 Sales: $209,700 2000 Profits: $33,200 Stock Ticker: BRO 1999 Sales: $176,400 1999 Profits: $27,200 Employees: 1,614 1998 Sales: $153,800 1998 Profits: $23,100 Fiscal Year Ends: 12/31 1997 Sales: $129,200 1997 Profits: $19,400
SALARIES/BENEFITS: Pension Plan: Savings Plan:
ESOP Stock Plan: Stock Purch. Plan:
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Profit Sharing:
Top Exec. Salary: $493,835 Second Exec. Salary: $334,375
Bonus: Bonus:
$342,568 $325,000
Steady growth/High profile.
Apparent Women Officers or Directors: 2 Hot Spot for Advancement for Women/Minorities: Y
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
www.plunkettresearch.com
CAMCO FINANCIAL CORP
www.camcofinancial.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 130 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
231 Profits: 128
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking/Savings Association Mortgages
Ohio-based Camco Financial Corporation is a multiple savings and loan holding company with subsidiary offices in Kentucky, Ohio and West Virginia. Operations are conducted through 30 offices dispersed in 23 communities and revolve around community banking, mortgage banking and title services. The company's primary business services include accepting deposits (checking, savings, money market and certificate accounts; retirement plans) from the public and using the funds to originate single-family home mortgages, which make up nearly 90% of the company's loan portfolio. Camco's focus on centralizing support for all bank operations resulted in a major data processing (DP) conversion that included state-of-the-art software and hardware. Those functions include Compliance, Human Resource Administration, Marketing, Public Relations, Corporate Finance/Accounting and Corporate Operations. In recent company news, Camco completed the acquisition of Columbia Financial of Kentucky, Inc. Columbia Financial oversees one subsidiary, Columbia Federal Savings Bank, which plans to add five offices in the northern area of Kentucky and operate under the new name Columbia Savings Bank.
BRANDS/DIVISIONS/AFFILIATES: Cambridge Savings Bank Camco Mortgage Corporation Marietta Savings Bank Westmar Mortgage Co. East Ohio Land Title Agency Columbia Financial of Kentucky, Inc. Columbia Savings Bank Westwood Homestead Savings Bank
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Richard C. Baylor, CEO Richard C. Baylor, Pres. D. Edward Rugg, COO/Exec. VP Mark A. Severson, CFO/Sr. VP Kim Kane, Dir.-Mktg. & Public Rel. Douglas D. Besozzi, Dir.-Human Resources Kristina K. Tipton, Corp. Controller Gary E. Crane, Treas. Stephen Daniels, Pres.-Westwood Homestead Savings Bank William W. Whipple, CEO-Camco Mortgage Corp.
Phone: 740-435-2020 Fax: 740-435-2021 Toll-Free: Address: 6901 Glenn Hwy., Cambridge, OH 43725 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $61,300 ( 9 months) 2001 Profits: $6,000 ( 9 months) 2000 Sales: $81,200 2000 Profits: $7,700 Stock Ticker: CAFI 1999 Sales: $56,300 1999 Profits: $5,900 Employees: 277 1998 Sales: $51,835 1998 Profits: $7,004 Fiscal Year Ends: 12/31 1997 Sales: $41,400 1997 Profits: $5,344
SALARIES/BENEFITS: Pension Plan: Y Savings Plan:
ESOP Stock Plan: Stock Purch. Plan:
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Profit Sharing:
Top Exec. Salary: $177,142 Second Exec. Salary: $109,698 Recently streamlined and improved operations.
Apparent Women Officers or Directors: 2 Hot Spot for Advancement for Women/Minorities: Y
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest: Y
Southeast:
Bonus: Bonus:
$38,700 $12,397
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
232
www.plunkettresearch.com
CAPITAL CITY BANK GROUP INC
www.ccbg.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 113 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Y
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 99
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
Y
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking/Savings Association Trust Services Investment Services Mortgage Banking Data Processing Brokerage Services Credit Card Issuing
Capital City Bank Group is a financial services company headquartered in Tallahassee, Florida and currently serves 22 counties in Florida, Georgia and Alabama through 56 banking offices, 65 ATMs and nine Bank ‘N Shop locations. With assets totaling at $1.6 billion, the company’s primary businesses include traditional retail banking services through its main subsidiary, Capital City Bank, as well as trust and investment services, mortgage banking, credit cards, data processing and brokerage services. The firm has placed strategic emphasis on growth and acquisitions, recently acquiring six First Union bank branches, which is the company's third purchase in Georgia. In addition, Capital City Bank completed the purchase of First Bankshares, Inc., which adds three offices in Georgia and Alabama. Under the terms of the agreement, the company maintains control over First Bankshares' subsidiary, First National Bank of West Point. Apart from normal day-to-day business operations, the corporation is also very active in the community, donating to youth activities such as youth sports leagues, Habitat for Humanity and scholarship funds.
BRANDS/DIVISIONS/AFFILIATES: First National Bank of Grady County Capital City Securities, Inc. Capital City Services Company Capital City Trust Company First Union National Bank Grady Holding Company First Bankshares, Inc. First National Bank of West Point
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. William G. Smith Jr., CEO William G. Smith Jr., Pres. J. Kimbrough Davis, CFO/Exec. VP Bobbie Thompson, Human Resources Thomas A. Barron, Treas.
Phone: 850-671-0610 Fax: 850-878-9150 Toll-Free: Address: 217 North Monroe St., Tallahassee, FL 32301 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $113,800 ( 9 months) 2001 Profits: $12,300 ( 9 months) 2000 Sales: $136,100 2000 Profits: $18,200 Stock Ticker: CCBG 1999 Sales: $124,500 1999 Profits: $15,300 Employees: 791 1998 Sales: $101,100 1998 Profits: $13,188 Fiscal Year Ends: 12/31 1997 Sales: $94,300 1997 Profits: $12,438
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Profit Sharing:
Top Exec. Salary: $145,000 Second Exec. Salary: $160,000 Expanding locally/Recently completed the largest acquisition in its history.
Apparent Women Officers or Directors: 2 Hot Spot for Advancement for Women/Minorities: Y
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Southeast: Y
Bonus: Bonus:
$260,337 $254,857
Northeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
www.plunkettresearch.com
233
CAPITAL ONE FINANCIAL CORP
www.capitalone.com
Industry Group Code: 522210 Ranks within this company's industry group: Sales: 3 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 3
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
Y
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Credit Card Issuing Credit Card Products and Services Mortgage Services Automobile Finance
Capital One Financial Corporation is a holding company whose principal subsidiaries, Capital One Bank and Capital One F.S.B., offer consumer lending products. The company’s subsidiaries are among the largest providers of MasterCard and Visa credit cards in the world. Using its proprietary information-based strategy, Capital One has been able to achieve remarkable growth, including three successive years of 20% earnings growth. The company markets its 6,000 credit card products using sophisticated data modeling processes and a 12 terrabyte database to find potential customers. Capital One’s product range includes platinum and gold cards for preferred customers and secured and unsecured cards for customers with poor or limited credit histories. The company has recently begun moving into new areas of business, including mortgage services and, with its acquisition of Summit Acceptance Corporation, automobile financing. The company recently acquired PeopleFirst, Inc., the nation's largest online provider of direct motor vehicle loans. The acquisition has made Capital One one of the nation’s largest providers of direct-to-consumer auto loans. Another recent acquisition was AmeriFee, a leading provider of patient financing solutions for elective dental, orthodontic, vision and cosmetic procedures. Capital One has entered the U.K. market with the opening of an operations center in Nottingham, England. The center will also serve as a springboard for expansion into continental Europe. The company’s benefit package offers a vacation plan, medical and dental coverage, life insurance, educational assistance programs, a 401(k) savings plan and stock option and stock purchase plans. The company offers over 120 hours of training per year and hired 4,000 new employees last year.
BRANDS/DIVISIONS/AFFILIATES: Capital One Bank Capital One Services, Inc. Capital One F.S.B. Capital One Auto Finance, Inc. CapitalOnePlace.com PeopleFirst, Inc. AmeriFee Summit Acceptance Corporation
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Richard D. Fairbank, CEO Nigel W. Morris, Pres. Nigel W. Morris, COO David M. Willey, Sr. VP/CFO Dennis H. Liberson, Sr. VP/Dir.-Human Resources Grogor S. Bailar, Sr. VP/CIO John G. Finneran, Jr., Sr. VP/Corp. Sec. John G. Finneran, Jr., General Counsel Marjorie M. Connelly, Sr. VP-Credit Card Oper. Paul Paquin, VP-Investor Relations William J. McDonald, VP-Brand Management
Phone: 703-205-1000 Fax: 703-205-1755 Toll-Free: Address: 2980 Fairview Park Dr., Ste. 1300, Falls Church, VA 22042-4525 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $5,272,400 ( 9 months) 2001 Profits: $464,200 ( 9 months) 2000 Sales: $5,424,300 2000 Profits: $469,600 Stock Ticker: COF 1999 Sales: $3,965,900 1999 Profits: $363,100 Employees: 19,247 1998 Sales: $2,599,819 1998 Profits: $275,231 Fiscal Year Ends: 12/31 1997 Sales: $1,787,115 1997 Profits: $189,381
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Y Profit Sharing: Y Top Exec. Salary: $348,000 Bonus: Stock Purch. Plan: Y Second Exec. Salary: $315,500 Bonus: Among the ten largest issuers of Visa and MasterCard credit cards in the U.S.
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
$274,219 $254,580
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International: Y
234
www.plunkettresearch.com
CAPITOL TRANSAMERICA CORP
www.captrans.com
Industry Group Code: 524113 Ranks within this company's industry group: Sales: 94 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 72
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLAN S/SPECIAL FEATURES:
TYPES OF BUSINESS: Insurance Company-Underwriting Property and Casualty Insurance Fidelity Bonds Surety Bonds Financing Services Alleghany Corporation
Capitol Transamerica Corporation is an insurance holding company that writes specialty lines of commercial property and casualty policies, as well as fidelity and surety bonds through the Capitol Indemnity and Specialty Insurance subsidiaries. Its most recent addition to the subsidiary list is Capitol Facilities, which provides premium financing for insurance companies. Operating in 37 states, the Capitol Transamerica Group is rated A+, Superior, by A.M. Best Company, Inc., an independent organization that analyzes and rates the insurance industry. Global insurer Alleghany Corporation recently bought the company in a transaction valued at $182 million, a merger which will allow Capitol Transamerica to offer a wider array of products. Unique to the transaction is the promise to continue operations in Madison, WI, allowing the company to maintain its current workforce. The company offers its employees health care and life and disability insurance.
BRANDS/DIVISIONS/AFFILIATES: Capitol Facilities Corporation Capitol Indemnity Corporation Capitol Specialty Insurance Corporation
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. George A. Fait, Pres. Virgiline M. Schulte, VP-Human Resources Virgiline M. Schulte, Corp. Sec. Paul J. Breitnauer, Treas. Robert F. Miller, VP- Property and Casualty Claims Joel G. Fait, VP-Agency Jess J. Wadle, VP-Fidelity and Surety Underwriting Frank S. Zillner, VP-Data Processing
Phone: 608-231-4450 Fax: 608-231-2053 Toll-Free: Address: 4610 University Avenue, Madison, WI 53705-0900 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $73,100 ( 9 months) 2001 Profits: $-2,500 ( 9 months) 2000 Sales: $109,500 2000 Profits: $14,500 Stock Ticker: CATA 1999 Sales: $100,400 1999 Profits: $16,700 Employees: 200 1998 Sales: $111,061 1998 Profits: $19,424 Fiscal Year Ends: 12/31 1997 Sales: $111,440 1997 Profits: $15,192
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Y Profit Sharing: Stock Purch. Plan: High rating from A.M. Best
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
Top Exec. Salary: $350,000 Second Exec. Salary: $146,350
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Bonus: Bonus:
$629,782 $ 500
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
www.plunkettresearch.com
235
CARVER BANCORP INC
www.carverbank.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 177 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 197
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking/Savings Association Mortgages Real Estate Loans Consumer Loans
Carver Bancorp, Inc. is a holding company for Carver Federal Savings Bank, a federally chartered, urban community development bank. Carver Federal was founded in New York City in 1948 to provide an AfricanAmerican operated institution where residents of underserved communities could invest their savings and obtain credit. The company’s principal business consists of attracting passbook and other savings accounts through its six branch offices and investing those funds in mortgage loans and other investments permitted to federal savings banks. Based on asset size, Carver Federal is the largest minority operated financial institution in the United States. Recent fiscal years have ended poorly for the company. However, in the first quarter of fiscal 2002,Carver Federal returned to operating profitability due to its disciplined restructuring efforts. The company rewards employees with a management recognition plan resulting in stock options for qualifying employees and an incentive compensation plan that gives eligible workers bonuses, stock options and restricted stock.
BRANDS/DIVISIONS/AFFILIATES: Carver Federal Savings Bank
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Deborah C. Wright, CEO Deborah C. Wright, Pres. William Schult, VP/CFO Bennet Raglin, VP- IT Linda Dunn, Sr. VP/Corp. Sec. Linda Dunn, General Counsel Margret Peterson, Sr. VP-Chief Administration Officer Kevin Ryan, Sr. VP-Chief Lending Officer Devon Woolcock, Sr. VP-Chief of Retail Banking Walter Bond, Sr. VP-Special Assistant to the President Indira Girisankar, VP-Loan Administration
Phone: 212-876-4747 Fax: 212-426-6159 Toll-Free: Address: 75 W. 125th St., New York, NY 10027 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 12 months. 2001 Sales: $31,200 (12 months) 2001 Profits: $- 400 (12 months) 2000 Sales: $29,900 2000 Profits: $-1,100 Stock Ticker: CNY 1999 Sales: $30,855 1999 Profits: $-4,453 Employees: 110 1998 Sales: $30,179 1998 Profits: $1,046 Fiscal Year Ends: 3/31 1997 Sales: $22,960 1997 Profits: $-1,740
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Y Profit Sharing: Top Exec. Salary: $201,558 Bonus: Stock Purch. Plan: Second Exec. Salary: $106,309 Bonus: Offers a wide variety of products/Caters specifically to the African American market.
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Apparent Women Officers or Directors: 4 Hot Spot for Advancement for Women/Minorities: Y
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Southeast:
$44,650 $
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
236
www.plunkettresearch.com
CASCADE FINANCIAL CORP
www.cascadebank.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 148 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Y Y
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 156
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking/Savings Associations Mortgages Annuities Insurance Mutual Funds Reverse Mortgages
Cascade Financial Corporation is the holding company for Cascade Bank, which operates 14 full-service, communityoriented branches north of Seattle, Washington. The bank uses its funds to generate one-to four family residential mortgages, land, construction, commercial real estate, business and consumer loans. Subsidiary Cascade Investment Services, Inc. sells annuities, mutual funds, insurance and reverse mortgages. Cascade Financial recently converted to a bank holding company with a financial holding company election, causing the bank to convert to a state chartered commercial bank instead of a federally-chartered stock savings bank. The charter conversion will better position the company to become the preferred community-based bank in their market. The conversion came about as the commercial, commercial real estate and consumer installment loans increased to 52% of its total loan portfolio. It is the first federallychartered savings association in Washington to convert to a commercial bank charter.
BRANDS/DIVISIONS/AFFILIATES: Cascade Bank Cascade Investment Services, Inc.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Frank M. McCord, CEO Carol Kobuke Nelson, Pres. Carol Kobuke Nelson, COO Lars Johnson, CFO Vera E. Wildauer, VP-Mktg. LeAnne Frank, VP-Tech. Robert G. Disotell, Chief Credit Officer Steven R. Erickson, VP-Real Estate Lending David R. Little, V P-Business Banking Debbie E. McLeod, VP-Retail Banking
Phone: 425-339-5500 Fax: 425-259-8512 Toll-Free: 800-326-8787 Address: 2828 Colby Avenue, Everett, WA 98201 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 12 months. 2001 Sales: $59,300 (12 months) 2001 Profits: $4,600 (12 months) 2000 Sales: $50,900 2000 Profits: $3,700 Stock Ticker: CASB 1999 Sales: $41,000 1999 Profits: $4,100 Employees: 144 1998 Sales: $36,374 1998 Profits: $3,525 Fiscal Year Ends: 6/30 1997 Sales: $33,510 1997 Profits: $1,368
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Y Profit Sharing: Stock Purch. Plan: Y Regional focus/Diverse products.
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Apparent Women Officers or Directors: 4 Hot Spot for Advancement for Women/Minorities: Y
Top Exec. Salary: $130,548 Second Exec. Salary: $106,667
LOCATIONS: ("Y" = Yes) West: Y
Southwest:
Midwest:
Southeast:
Bonus: Bonus:
$33,030 $30,000
Northeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
www.plunkettresearch.com
237
CASH AMERICA INTERNATIONAL INC www.cashamericaonline.com Industry Group Code: 522298 Ranks within this company's industry group: Sales: 1 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 1
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Y Y
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Pawn Shops, Financial Services Check Cashing Rent-To-Own Services
Cash America International acquires, establishes and operates pawnshops, which lend money on the security of pledged tangible personal property. The company then sells the property if the high-interest loans are not paid. Cash America is the market leader in secured nonrecourse lending to individuals, commonly known as pawn loans. The company provides financial services to a customer base often overlooked by traditional financial institutions. Cash America International has aggressively expanded in the past several years and now operates approximately 480 stores. 42 of the stores are located in the United Kingdom under the Harvey and Thompson brand name, and an additional eleven stores are in Sweden operating under the name Svensk Pantbelaning. The company's business strategy is to continue expanding its pawnshop bus iness within its existing geographic markets and into other markets that meet the risk and reward considerations of the company. Mr. Payroll, a subsidiary of the firm, operates check-cashing kiosks in 19 states. The kiosks provide check cashing, money orders, bill paying, money transfers and other related services at over 150 locations, primarily in convenience stores. Mr. Payroll intends to serve the estimated 41% of workingclass households that do not have a checking account. In a strategic venture with Wells Fargo called innoVentry, Mr. Payroll is developing and establishing automated check cashing machines that combine a sophisticated facial recognition system with a centralized processing center. Rent-A-Tire, another subsidiary of Cash America International, allows customers to rent new wheels and tires and pay on a weekly basis. Cash America International recently decided to exit the rent-to-own business and is currently undergoing an effort to sell the Rent-A-Tire business.
BRANDS/DIVISIONS/AFFILIATES: Mr. Payroll Rent-A-Tire Harvey and Thompson, Ltd. Svensk Pantbelaning Cash America Pawn innoVentry
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Daniel R. Feehan, CEO Daniel R. Feehan, Pres. Thomas A. Bessant Jr., Exec. VP/CFO William R. Horne, Exec. VP-IT Hugh A. Simpson, Exec. VP/Corp. Sec. Hugh A. Simpson, General Counsel Robert D. Brockman, Exec. VP-Admin. Michael D. Gaston, Exec. VP-Bus. Dev. James H. Kauffman, Exec. VP-Int'l Oper. James H. Kauffman, CEO-Rent-A-Tire Jerry D. Finn, Exec. VP-Western Div. Field Oper. Gregory W. Trees, Exec. VP-Eastern Div. Field Oper.
Phone: 817-335-1100 Fax: 817-377-0400 Toll-Free: Address: 1600 West 7th St., Fort Worth, TX 76102-2599 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $267,100 ( 9 months) 2001 Profits: $-11,800 ( 9 months) 2000 Sales: $363,700 2000 Profits: $-1,730 Stock Ticker: PWN 1999 Sales: $373,100 1999 Profits: $3,876 Employees: 3,035 1998 Sales: $341,000 1998 Profits: $12,624 Fiscal Year Ends: 12/31 1997 Sales: $303,400 1997 Profits: $16,600
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Top Exec. Salary: $383,438 Second Exec. Salary: $263,415 International expansion/Wide network of locations.
Apparent Women Officers or Directors: Hot Spot for Advancement for Women/Minorities:
Profit Sharing:
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Bonus: Bonus:
$59,058 $54,228
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International: Y
238
www.plunkettresearch.com
CATHAY BANCORP INC
www.cathaybank.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 101 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 82
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking/Savings Association Mortgages Investments Real Estate Operations
Cathay Bancorp, Inc. is the holding company for Cathay Bank, which primarily serves Chinese and Vietnamese residents and small to mid-sized businesses in California. Services include personal and business checking and savings accounts. Lending activities include commercial and industrial construction, land development, auto, real estate and home improvement loans, as well as the sale of mortgage loans on the secondary market. The company takes pride in giving to the community through its monetary contributions to charitable foundations as well as through its annual charity golf tournament. The bank has 18 California branches, including the San Francisco area, an office in Taiwan and a representative in Hong Kong. The company recently converted its Houston Loan Production Office into a full-service branch, bringing the bank into full banking operations in the nation’s top three Chinese-American markets. Many of the bank’s employees speak both English and one or more Chinese dialects or Vietnamese in order to better serve their ethnically diverse customers. In 2000, Cathay Bank was ranked as the most efficient banks in California and eighth among the nation’s largest 500 bank holding companies by Sheshunoff Information Services. In addition to its benefits package, the company has an equity incentive plan under which eligible employees may be awarded additional stock options.
BRANDS/DIVISIONS/AFFILIATES: Cathay Bank Cathay Investment Co.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Dunson K. Cheng, Pres. Anthony M. Tang, CFO Irwin Wong, VP-Branch Administration Anthony M. Tang, Treas. Elena Chan, VP-CFO, Cathay Bank John Chen, VP-Northern California of Cathay Bank
Phone: 213-625-4700 Fax: 213-625-1368 Toll-Free: Address: 777 North Broadway, Los Angeles , CA 90012 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $133,800 ( 9 months) 2001 Profits: $31,100 ( 9 months) 2000 Sales: $177,300 2000 Profits: $38,600 Stock Ticker: CATY 1999 Sales: $141,900 1999 Profits: $30,300 Employees: 559 1998 Sales: $131,445 1998 Profits: $24,579 Fiscal Year Ends: 12/31 1997 Sales: $118,753 1997 Profits: $20,108
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Y Profit Sharing: Top Exec. Salary: $600,000 Stock Purch. Plan: Second Exec. Salary: $220,000 Serves the Asian-American market/Exceptionally profitable.
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest:
Southeast:
Bonus: Bonus:
$540,000 $257,000
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International: Y
www.plunkettresearch.com
CAVALRY BANCORP INC
www.cavalrybanking.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 165 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
239 Profits: 150
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking/Savings Associations Investment Services Trust Services Mortgages
Cavalry Bancorp, Inc., a Tennessee corporation, was organized for the purpose of becoming the holding company for Cavalry Banking upon the bank’s conversion from a federally-chartered mutual to a federally-chartered stock savings bank in March 1998. The bank is a community-oriented financial institution with a primary business of attracting deposits from the general public and using those funds to originate a variety of loans to individuals and businesses in its primary market area. The bank originates mortgage, construction, acquisition, development, commercial real estate, commercial business, consumer and other non-real estate loans. In addition, the bank provides a wide range of investment and trust services through its trust department. Cavalry maintains a five star rating from Bauer’s for superior performance. The company’s strategy is to grow while at the same time maintaining high credit quality, prudent underwriting standards and an overall conservative approach to business. Along with its compensation plans, the company offers a management recognition plan that rewards employees with stock shares.
BRANDS/DIVISIONS/AFFILIATES: Cavalry Banking
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Ed C. Loughry, Jr., CEO Ronald F. Knight, Pres. Ronald F. Knight, COO Hillard C. Gardner, CFO Ira B. Lewis, Jr., Corp. Sec. William S. Jones, VP-Chief Admin. Officer David W. Hopper, VP-Trust Officer
Phone: 615-893-1234 Fax: 615-849-2257 Toll-Free: Address: 114 West College Street, Murfreesboro, TN 37130 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $27,500 ( 9 months) 2001 Profits: $3,000 ( 9 months) 2000 Sales: $35,100 2000 Profits: $4,100 Stock Ticker: CAVB 1999 Sales: $33,600 1999 Profits: $3,500 Employees: 194 1998 Sales: $31,800 1998 Profits: $5,697 Fiscal Year Ends: 12/31 1997 Sales: $ 1997 Profits: $
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Y Profit Sharing: Top Exec. Salary: $168,000 Stock Purch. Plan: Second Exec. Salary: $140,000 Cavalry maintains a five star rating from Bauer’s for superior performance.
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Apparent Women Officers or Directors: 2 Hot Spot for Advancement for Women/Minorities: Y
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Southeast: Y
Bonus: Bonus:
$35,246 $30,350
Northeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
240
www.plunkettresearch.com
CDC IXIS ASSET MANAGEMENT NA www.cdcixis-amna.com Industry Group Code: 523920 Ranks within this company's industry group: Sales: Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Y
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits:
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Investment Management Mutual Funds
CDC IXIS Asset Management North America is a subsidiary of CDC IXIS Asset Management, one of the leading institutional asset managers in France. The combined firm is one of the 25 largest investment management firms in the world with nearly $300 million in assets under management. CDC IXIS Asset Management established this North American subsidiary after acquiring Nvest Companies, L.P. in October 2000. The transaction was valued at approximately $2.2 billion. Today, CDC IXIS Asset Management NA is one of the largest publicly traded investment management firms in America. It has 14 affiliates and divisions , including 10 investment management firms and four distribution and service units, which manage $127 billion in assets for institutions and individuals. The affiliates offer a broad array of investment management products and styles across a wide range of asset categories to institutions, mutual funds and private clients. Its affiliates include AEW Capital Management, Capital Growth Management, Jurika & Voyles and CDC Nvest Funds. The company recently announced the formation of a new distribution group, CDC IXIS Asset Management Intermediary Services, to provide company infrastructure services to the firm’s affiliates. The new company’s service offerings include legal, compliance, fund administration, systems, sales support and vendor management.
BRANDS/DIVISIONS/AFFILIATES: Nvest Companies, L.P. CDC IXIS Asset Management Harris Associates, L.P. AEW Capital Management, L.P. Capital Growth Management Jurika & Voyles, L.P. CDC IXIS Asset Management Services CDC Nvest Funds
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Peter S. Voss, CEO Peter S. Voss, Pres. G. Neal Ryland, CFO Beverly M. Bearden, Sr. VP-Human Resources Jeffrey D. Plunkett, Corp. Sec. Jeffrey D. Plunkett, General Counsel Sherry A. Umberfield, Exec. VP-Corp. Dev. Laurence J. Dwyer, Sr. VP-Corp. Comm. Shaun R. Levesque, Co-Pres., CDC IXIS Asset Mgmt. Associates Gilles Guerin, Co- Pres., CDC IXIX Asset Mgmt. Associates
Phone: 617-449-2100 Fax: 617-449-2197 Toll-Free: Address: 399 Boylston Street, Boston, MA 02116 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for months. 2001 Sales: $ ( months) 2001 Profits: $ ( months) 2000 Sales: $ 2000 Profits: $ Stock Ticker: Subsidiary 1999 Sales: $15,400 1999 Profits: $11,900 Employees: 1,585 1998 Sales: $16,600 1998 Profits: $13,100 Fiscal Year Ends: 12/31 1997 Sales: $561,500 1997 Profits: $95,700
SALARIES/BENEFITS: Pension Plan: Y Savings Plan:
ESOP Stock Plan: Stock Purch. Plan:
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Profit Sharing:
Top Exec. Salary: $ Second Exec. Salary: $ One of the world's largest investment management groups.
Apparent Women Officers or Directors: 2 Hot Spot for Advancement for Women/Minorities: Y
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest: Y
Bonus: Bonus:
Southeast:
$ $
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International: Y
www.plunkettresearch.com
241
CENTEX CORP
www.centex.com
Industry Group Code: 230000 Ranks within this company's industry group: Sales: 1 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 1
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Construction Services Mortgages Real Estate Commercial Construction Construction Supply Home Security Pest-Control
Dallas -based Centex Corporation, one of the leading construction companies in the United States, has substantial interests in mortgage banking, commercial real estate, land developing, home purchasers insurance and commercial contracting and construction services. The company’s Investment Real Estate division includes Centex Development Company, a developing subsidiary that operates in residential, office, industrial and retail markets. Its Financial Services Group includes the CTX Mortgage subsidiary, which provides loan services to over 70% of the company’s homebuyers. Centex Title and Insurance operations include Commerce Land Title, Metropolitan Title and Guaranty Company and Westwood Insurance Agency, Inc. Centex Corporation’s main subsidiary, Centex Homes, builds nearly 14,000 homes annually across 19 different states and Washington, D.C. The company has holdings in the United Kingdom and Latin America and owns 80% of Cavco Industries, a leading builder of mobile homes. Centex also acquired Fairclough Homes from AMEC, a United Kingdom -based home building company, as well as another home building company, Calton Homes. Centex Corp. offers employee positions in commercial construction, land development, residential construction or the mortgage business.
BRANDS/DIVISIONS/AFFILIATES: Centex Homes CTX Mortgage Company Centex Development Company, L.P. Centex Homes International Fairclough Homes Calton Homes Centex Title and Insurance Cavco Industries
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Laurence E. Hirsch, CEO Timothy R. Eller, Pres. Timothy R. Eller, COO Mark A. Blinn, Controller Raymond G. Smerge, Corp. Sec. Raymond G. Smerge, General Counsel Michael S. Albright, VP-Admin. Robert S. Stewart, Sr. VP-Strategic Planning Sheila E. Gallagher, VP-Corp. Comm. Vicki A. Roberts , Treas. Gilberto Riojas, Pres./CEO, Centex Latin America, Inc. Stewart A. Baseley , CEO, Centex Homes International, Ltd. Andrew J. Hannigan, Pres./CEO Centex Homes
Phone: 214-981-5000 Fax: 214-981-6859 Toll-Free: Address: 2728 N. Harwood, Dallas , TX 75201 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 12 months. 2001 Sales: $6,710,700 (12 months) 2001 Profits: $282,000 (12 months) 2000 Sales: $6,008,100 2000 Profits: $257,100 Stock Ticker: CTX 1999 Sales: $5,200,700 1999 Profits: $231,962 Employees: 13,000 1998 Sales: $3,975,450 1998 Profits: $144,806 Fiscal Year Ends: 3/31 1997 Sales: $3,784,991 1997 Profits: $106,563
SALARIES/BENEFITS: Pension Plan: Y Savings Plan:
ESOP Stock Plan: Stock Purch. Plan:
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Top Exec. Salary: $725,000 Bonus: $2,100,000 Second Exec. Salary: $600,000 Bonus: $1,800,000 Nation's largest and most geographically diverse home builder/One of the nation's largest mortgage companies.
Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
Profit Sharing: Y
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International: Y
242
www.plunkettresearch.com
CHARLES SCHWAB CORP (THE)
www.schwab.com
Industry Group Code: 523110 Ranks within this company's industry group: Sales: 8 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Y Y Y
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Y
Profits: 8
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Stock Brokerage, Online and Discount Investment Services Financial Services Mutual Funds Investment Advisory Services
The Charles Schwab Corporation was the pioneer firm in discount brokerage. The company has 290 offices in Canada, the Cayman Islands, Hong Kong, Puerto Rico, the U.K., the U.S. and the Virgin Islands. Its online trading system ranks number one in volume. Its web site accounts for over half of the firm's trades. Schwab OneSource is the company's mutual fund distributor, which sells more than 1,600 mutual funds from about 260 families of funds. The company also offers telephone-based trading, futures and commodities trading, access to initial public offerings and investment educational material. The company established Charles Schwab Canada and started a joint venture in Japan with companies led by Tokyo Marine & Fire Insurance. The company also plans to allow customers to trade most NASDAQ and some NYSE listed stocks after-hours. Charles Schwab recently launched StreetSmart Pro, which expands Schwab's electronic trading arsenal. StreetSmart Pro offers a powerful streaming market information tool featuring Nasdaq Level II quotes, real-time news and interactive intra-day charts. The firm has also acquired the quantitative trading business of Epoch Partners, including a team of 19 traders and technology specialists. The acquisition of this team significantly enhances Schwab's presence in the electronic and program trading business. In other 2001 news, the firm has announced that due to continued economic uncertainties, it plans to take additional steps to reduce operating expenses. These steps include reducing full-time equivalent employees at the company by about 23%. In late 2001, the firm announced that it would train its brokers to become fee-generating investment advisors, where they had previously been working largely as order takers. In tne past, Schwab had refrained from offering advice and had sent its customers to independent financial consultants. Employees say the company handles layoffs with compassion and empathy; recently laid off employees were given up to eight months' severance pay.
BRANDS/DIVISIONS/AFFILIATES: Charles Schwab & Co. Charles Schwab Investment Management, Inc. SchwabFunds Mayer & Schweitzer, Inc. StreetSmart Pro Charles Schwab Trust Company Performance Technologies Inc. Epoch Partners
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Charles R. Schwab, Co-CEO David S. Pottruck, Pres. & Co-CEO Jeremiah H. Chafkin, COO Christopher V. Dodds, CFO Susanne D. Lyons , CMO George A. Rich, Exec. VP-Human Resources Dawn G. Lepore, CIO Carrie E. Dywer, Exec. VP/General Counsel Wayne W. Fieldsa, Exec.VP-Brokerage Oper. Daniel O. Leemon, Exec.VP/Chief Stategy Officer John C. Onoda, Chief Comm. Officer John P. McGonigle, Exec. VP-Mutual Funds Admin. James M. Hackley, Exec.VP-Retail Branch Network Linnet F. Deily, Vice-Chmn./Ex ec. VP Robert H. Rosseau, Exec. VP-International Wayne W. Fieldsa, Exec. VP-Brokerage Oper.
Phone: 415-627-7000 Fax: 415-627-8840 Toll-Free: 800-435-4000 Address: 101 Montgomery St., San Francisco, CA 94104 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $3,294,000 ( 9 months) 2001 Profits: $212,000 ( 9 months) 2000 Sales: $5,787,700 2000 Profits: $718,100 Stock Ticker: SCH 1999 Sales: $4,486,400 1999 Profits: $666,400 Employees: 26,300 1998 Sales: $3,177,900 1998 Profits: $410,100 Fiscal Year Ends: 12/31 1997 Sales: $2,672,000 1997 Profits: $321,000
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Y Profit Sharing: Y Top Exec. Salary: $800,004 Bonus: Stock Purch. Plan: Second Exec. Salary: $800,004 Bonus: Excellent software technology/Well-positioned as the leader in discount brokerage.
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Apparent Women Officers or Directors: 4 Hot Spot for Advancement for Women/Minorities: Y
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
$8,101,000 $8,101,000
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International: Y
www.plunkettresearch.com
243
CHARTER MUNICIPAL MORTGAGE ACCEPTANCE CO www.chartermac.com Industry Group Code: 522310 Ranks within this company's industry group: Sales: 10 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Y
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 6
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Mortgages Loan Products
Charter Municipal Mortgage Acceptance Company is engaged in a highly-specialized area of commercial real estate lending. Its primary business is to originate, acquire and hold tax-exempt bonds for investment, the proceeds of which finance the development and ownership of garden apartment complexes located in 19 metropolitan markets in 14 states. In addition, the company intends to invest in first mortgage bonds issued by state or local governments or their agencies and secured by mortgage loans on multi-family residential apartment projects, assisted living, continuing care and retirement community projects or nursing homes developed by third parties or by affiliates of the manager. Charter Municipal holds investments in about 60 taxexempt, first mortgage bonds in metropolitan areas across the nation. The company is one of the nation's largest multi-family tax-exempt bond funds and is busy acquiring multi-million dollar bonds to build apartment complexes around the U.S. Charter Municipal has entered into an agreement to acquire 80% of the outstanding stock of PW Funding, Inc., a mortgage banking firm specializing in multifamily apartment financing.
BRANDS/DIVISIONS/AFFILIATES: Related Charter LLC CharterMac Related Capital Company PW Funding, Inc
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Stuart J. Boesky, CEO Stuart J. Boesky, Pres. Michael I. Wirth, CFO Gary Parkinson, Controller Alan P. Hirmes, Corp. Sec. Denise L. Kiley, Sr. VP James D. Spound, Sr. VP
Phone: 212-421-5333 Fax: 212-751-3550 Toll-Free: 800-831-4826 Address: 625 Madison Avenue, New York, NY 10022 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $53,800 ( 9 months) 2001 Profits: $27,900 ( 9 months) 2000 Sales: $59,700 2000 Profits: $30,100 Stock Ticker: CHC 1999 Sales: $40,400 1999 Profits: $23,200 Employees: 1 1998 Sales: $28,200 1998 Profits: $22,000 Fiscal Year Ends: 12/31 1997 Sales: $14,400 1997 Profits: $10,100
SALARIES/BENEFITS: Pension Plan: Savings Plan:
ESOP Stock Plan: Stock Purch. Plan:
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Top Exec. Salary: $ Second Exec. Salary: $ Focus on a niche in tax-exempt bonds.
Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
Profit Sharing:
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Bonus: Bonus:
Southeast: Y
$ $
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
244
www.plunkettresearch.com
CHARTER ONE FINANCIAL INC
www.charterone.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 34 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Y
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 28
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking/Savings Associations Mortgages Commercial Real Estate Consumer Loans Business Loans
Charter One Financial, Inc. is a holding company for Charter One Bank, which offers residential mortgages, multifamily and commercial real estate and consumer and business loans. Charter One Bank is a full-service thrift with approximately $31 billion in assets, making it one of the largest thrifts in the nation. The thrift uses funds to originate and purchase loans and to invest in mortgagebacked securities. The company also provides real estate appraisals, mutual funds, insurance and annuities sales. The company operates about 425 branch locations in Ohio, Michigan, Illinois, New York State, Massachusetts and Vermont. In recent news, Charter One acquired Superior Federal Bank from the Federal Deposit Insurance Corp. (FDIC). The firm also recently acquired Alliance Bancorp, the holding company for Liberty Federal Bank. The company offers its employees medical, dental and life coverage, as well as tuition reimbursement and discounts on local attractions and events.
BRANDS/DIVISIONS/AFFILIATES: Chittenden Corporation CS Financial Corporation Equity One Credit Corp. ALBANK Financial Corporation ICX Corp. Alliance Bancorp Liberty Federal Bank Superior Federal Bank
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Charles John Koch, CEO Charles John Koch, Pres. Richard W. Neu, CFO Cindy Schulze, Chief Mktg. Officer Gregory K. Daniels, CIO Robert J. Vana, Corp. Sec. Robert J. Vana, Chief Corp. Counsel Richard W. Neu, Treas. John D. Koch, VP-Chief Lending Officer
Phone: 216-566-5300 Fax: 216-566-1038 Toll-Free: Address: 1215 Superior Ave., Cleveland, OH 44114-3249 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $2,119,000 ( 9 months) 2001 Profits: $365,600 ( 9 months) 2000 Sales: $2,640,000 2000 Profits: $434,000 Stock Ticker: CF 1999 Sales: $2,359,100 1999 Profits: $337,100 Employees: 6,988 1998 Sales: $1,972,000 1998 Profits: $215,361 Fiscal Year Ends: 12/31 1997 Sales: $1,488,500 1997 Profits: $148,400
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Y Profit Sharing: Top Exec. Salary: $716,676 Stock Purch. Plan: Second Exec. Salary: $476,670 Recently strengthened its midwest market with acquisitions.
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest: Y
Southeast:
Bonus: Bonus:
$648,976 $403,592
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
www.plunkettresearch.com
245
CHECKFREE CORP
www.checkfree.com
Industry Group Code: 522320 Ranks within this company's industry group: Sales: 9 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Y Y
Profits: 12
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Y Y
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Electronic Payment Processing Electronic Payment Systems and Services Billing and Statement Software Portfolio Management Systems
CheckFree is a leading provider of financial electronic commerce services, software and related products. Originally founded to introduce electronic fund transfers to apartment complexes and health clubs, CheckFree was the first company to enable customers to pay their bills over the Internet. Through its operating subsidiaries, CheckFree designs, develops and markets services that enable 5 million consumers to receive and pay bills, either over the Internet or electronically through a variety of payment points, including banks, brokerage firms, portals and interactive content sites on the Internet as well as through personal financial management (PFM) software. CheckFree's services and products are focused on enabling customers to receive electronic bills and statements, make electronic payments and collections, automate paper-based recurring financial transactions and conduct secure Internet transactions. CheckFree iSolutions, the company's e-billing and e-statement software and service unit, offers the nation's first end-toend electronic billing and payment solution. Subsidiary CheckFree Investment Services provides portfolio data management systems that help manage over 1 million portfolios handled by 225 major money management institutions. More than two-thirds of the nation's 6 billion Automated Clearing House (ACH) payments are processed each year through CheckFree's ACH software and services. CheckFree also has a strong ACH presence in Australia, Chile, Panama, Guatemala, Colombia and Malaysia. The firm’s clients include Bank of America, Bank One, Wells Fargo, First Union, Charles Schwab, Prudential Securities and Merrill Lynch. CheckFree has recently been selected by such companies as BB&T Corp. and Blue Cross Blue Shield to streamline reconciliation operations. In late 2001, the company experienced its first break-even quarter. CheckFree offers its employees a casual dress code and a campus work environment.
BRANDS/DIVISIONS/AFFILIATES: CheckFree Holdings Corporation CheckFree Investment Services RCM Systems, Inc. CheckFree iSolutions CheckFree Health & Fitness Services RECON-PLUS
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Peter J. Kight, CEO Peter F. Sinisgalli, Pres. Peter F. Sinisgalli, COO David E. Mangum, CFO Terrie O'Hanlon, Exec. VP-Mktg. Harley J. Ostis, Exec. VP-Human Resources Randy McCoy, Exec. VP/Chief Tech. Officer Stephen Olsen, CIO Gary A. Luoma Jr., VP/Chief Acct. Officer Laura Binion, Sr. VP/General Counsel Glen Sarvady, Sr. VP-Oper. Strategy & Planning Matthew Lewis, Exec. VP-Corp. Dev. Tina Moore, Investor Relations Mgr. Keven M. Madsen, Treas.
Phone: 678-375-3000 Fax: 678-375-1477 Toll-Free: Address: 4411 E. Jones Bridge Rd., Norcross, GA 30092 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 12 months. 2001 Sales: $433,300 (12 months) 2001 Profits: $-363,100 (12 months) 2000 Sales: $310,195 2000 Profits: $-32,320 Stock Ticker: CKFR 1999 Sales: $250,131 1999 Profits: $10,457 Employees: 3,300 1998 Sales: $233,864 1998 Profits: $-3,703 Fiscal Year Ends: 6/30 1997 Sales: $176,445 1997 Profits: $-161,813
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Profit Sharing: Top Exec. Salary: $420,000 Bonus: $551,850 Stock Purch. Plan: Y Second Exec. Salary: $294,000 Bonus: $326,865 Experiencing steady growth/Continues to introduce new products for electronic commerce.
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Apparent Women Officers or Directors: 2 Hot Spot for Advancement for Women/Minorities: Y
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International: Y
246
www.plunkettresearch.com
CHICAGO TITLE CORPORATION
www.ctic.com
Industry Group Code: 524127 Ranks within this company's industry group: Sales: Investmen ts: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits:
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing: Y
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Title Insurance Mortgages Real Estate-Related Services Property Valuation
Chicago Title Corporation, a title company that writes more than 20% of the nation’s title insurance policies, is the holding company for principal subsidiaries Chicago Title & Trust, Chicago Title Insurance, Security Union Title Insurance and Ticor Title Insurance. The firms provide title insurance, property valuation and other real estaterelated services, including title search and examination, flood certification, credit reporting, escrow account management, document recording and disbursement of funds. Chicago Title focuses on three customer segments: financial institutions heavily involved in residential lending, local firms involved with real estate and title transactions and corporate clients involved in large commercial property transactions. The former parent company, Alleghany Corp., spun off the firm in 1998. The company made 10 acquisitions in 1998-99, including Universal Mortgage Services Inc. (now Chicago Title Field Services ), Consolidated Reconveyance Co., United Title of Nevada and Westfall & Company, a mortgage servicing company. Fidelity National Financial is acquiring Chicago Title Corp. for $1.2 billion.
BRANDS/DIVISIONS/AFFILIATES: United Title of Nevada Consolidated Reconveyance Co. Westfall & Company Ticor Title Insurance Company CastleLink Fidelity National Financial Chicago Title Market Intelligence, Inc. Chicago Title Field Services, Inc.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. John Rau, CEO John Rau, Pres. Peter G. Leemputte, Exec. VP/CFO Louis A. Iannaccone, Chief Tech. Officer Louis A. Iannaccone, Exec. VP/CIO Paul T. Sands, Jr., Exec. VP/Sec. Paul T. Sands, Jr., Exec VP/General Counsel William T. Halvorsen, Jr., Sr. VP-Corp. Planning & Dev.
Phone: 888-934-3354 Fax: 805-696-9578 Toll-Free: 800-621-1919 Address: 4050 Calle Real, Santa Barbara, CA 93110 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for months. 2001 Sales: $ ( months) 2001 Profits: $ ( months) 2000 Sales: $ 2000 Profits: $ Stock Ticker: Subsidiary 1999 Sales: $2,059,000 1999 Profits: $110,500 Employees: 9,000 1998 Sales: $1,926,709 1998 Profits: $88,169 Fiscal Year Ends: 12/31 1997 Sales: $1,467,446 1997 Profits: $55,709
SALARIES/BENEFITS: Pension Plan: Y Savings Plan:
ESOP Stock Plan: Stock Purch. Plan:
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Profit Sharing: Y
Top Exec. Salary: $ Second Exec. Salary: $ Writes more than 20% of the nation’s title insurance policies.
Apparent Women Officers or Directors: 6 Hot Spot for Advancement for Women/Minorities: Y
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Bonus: Bonus:
Southeast: Y
$ $
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International: Y
www.plunkettresearch.com
CHRYSLER FINANCIAL CORP
www.chryslerfinancial.com
Industry Group Code: 522220 Ranks within this company's industry group: Sales: Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
247
Profits:
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y Y Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Automobile Financing Dealership Facility Development and Management Lease Financing Dealer Property and Casualty Insurance
Chrysler Financial Corporation is a financial services organization that principally provides consumer and dealer automotive financing. Since the merger of German auto maker Daimler Benz with Chrysler, this company is now part of DaimlerChrysler AG. Among the services offered are retail and lease financing for vehicles, dealer inventory and other financing needs, dealer property and casualty insurance and dealership facility development management, primarily for Chrysler dealers and their customers. The automotive financing operations of Chrysler Financial are conducted through 29 zone offices in the United States and Canada, and the company also provides automotive financial products and services in Europe and Asia. Chrysler Financial has several financing options for consumers in addition to its conventional financing. This includes financing for those who have seasonal income, such as agricultural workers, and a Gold Key Plus leasing plan that offers numerous options and allows consumers to have a better equipped automobile with a lower payment and possibility of ownership at the end of the lease contract. The company also offers a plan to recent college graduates that delays initial monthly payments for a few months and starts with lower payments that gradually build up so that the graduate is not overwhelmed with the initial payments.
BRANDS/DIVISIONS/AFFILIATES: Chrysler Credit Canada, Ltd. Chrysler Commercial, S.A. de C.V. Chrysler Capital Corporation Chrysler Insurance Company Chrysler Realty Corporation Chrysler First, Inc. DaimlerChrysler AG
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Philip C. Kantz, Pres./CEO David J. Davis, Sr. VP/CFO Joanne P. Grba, VP-Mktg. Wendi A. Hill, VP- Human Resources Thomas J. Rauscher, VP-Mfg. & Dist. David J. Davis, Sr. VP-Oper.
Phone: 248-948-3058 Fax: 810-948-3801 Toll-Free: Address: 27777 Franklin Rd., Southfield, MI 48034-8286 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for months. 2001 Sales: $ ( months) 2001 Profits: $ ( months) 2000 Sales: $ 2000 Profits: $ Stock Ticker: Subsidiary 1999 Sales: $ 1999 Profits: $ Employees: 3,300 1998 Sales: $ 1998 Profits: $ Fiscal Year Ends: 12/31 1997 Sales: $ 1997 Profits: $
SALARIES/BENEFITS: Pension Plan: Y Savings Plan:
ESOP Stock Plan: Y Profit Sharing: Top Exec. Salary: $ Bonus: Stock Purch. Plan: Second Exec. Salary: $ Bonus: Popularity of Chrysler vehicles is leading to a growing demand for loans and leases.
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Apparent Women Officers or Directors: 2 Hot Spot for Advancement for Women/Minorities: Y
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
$ $
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International: Y
248
www.plunkettresearch.com
CHUBB CORPORATION (THE)
www.chubb.com
Industry Group Code: 524113 Ranks within this company's industry group: Sales: 24 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 17
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Y
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Underwriting-Homeowners Insurance Property and Casualty Insurance Consulting and Claims Administration Services Financing Investment Advising
Chubb Corporation is a leading provider of insurance and risk management services for businesses, industry groups, trade associations, not-for-profit organizations and other institutions worldwide. The company provides a broad range of standard and specialty property and liability coverages as well as specialized policies developed to meet the particular needs of individual industries, such as energy, financial services, high technology, health care, life sciences and professional firms, as well as insurance for yachts. Chubb has over 100 years of experience in insurance, and operates a network of more than 110 offices in 30 countries. The company recently made a decision to exit the life and health insurance markets in order to further concentrate on its property/casualty business. Another recent move was into the reinsurance market, a segment of business carried out by subsidiary Chubb Re. Furthermore, the company expanded its executive protection business by buying Executive Risk, which now operates under the title of Chubb Executive Risk. The company offers its employees a comprehensive benefits package as well as tution assistance, a student loan program and investment funds options.
BRANDS/DIVISIONS/AFFILIATES: Bellemead Development Corporation Federal Insurance Company Pacific Indemnity Company Vigilant Insurance Company Executive Risk Chubb Re Chubb & Son Inc.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Dean R. O'Hare, CEO John J. Degnan, Pres. Weston M. Hicks, CFO Jennifer McEwoney , Mgr.-Human Resources Henry J. Gulick, Corp. Sec. Joanne L. Bober, General Counsel Ralph E. Jones, III, VP- Chubb and Son Charles M. Luchs, VP-Chubb and Son
Phone: 908-903-2000 Fax: 908-903-2027 Toll-Free: Address: 15 Mountain View Rd., PO Box 1615, Warren, NJ 07061-1615 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 6 months. 2001 Sales: $3,806,000 ( 6 months) 2001 Profits: $321,800 ( 6 months) 2000 Sales: $7,251,500 2000 Profits: $714,600 Stock Ticker: CB 1999 Sales: $6,729,600 1999 Profits: $621,100 Employees: 12,400 1998 Sales: $6,349,800 1998 Profits: $707,000 Fiscal Year Ends: 12/31 1997 Sales: $6,664,000 1997 Profits: $769,500
SALARIES/BENEFITS: Pension Plan: Y Savings Plan:
ESOP Stock Plan: Y Profit Sharing: Top Exec. Salary: $1,004,751 Stock Purch. Plan: Second Exec. Salary: $416,876 Provides insurance coverage worldwide.
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Apparent Women Officers or Directors: 2 Hot Spot for Advancement for Women/Minorities: Y
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Bonus: Bonus:
$800,000 $400,000
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International: Y
www.plunkettresearch.com
249
CIGNA CORP
www.cigna.com
Industry Group Code: 524113 Ranks within this company's industry group: Sales: 10 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Y
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 11
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Underwriting-Diversified Insurance Reinsurance Health Care Insurance Indemnity Insurance Retirement Plans Financial and Investment Management Services
CIGNA Corporation and its subsidiaries constitute one of the largest investor-owned multi-line insurance organizations in the U.S. The company is one of the principal U.S. companies in the financial services industry and one of the largest international insurance organizations based in the U.S. The corporation’s primary segment is health care, and about half of its premiums come from indemnity insurance. The company also sells group life, accident and disability coverage and retirement plans. In the past two years, CIGNA has taken steps to grow internally, acquire other companies or buy back stock. This plan has allowed the company to shift its emphasis to health care and employee benefits. Recently, the corporation announced that subsidiaries CIGNA Group Insurance Managed Disability and CIGNA IntegratedCare will join forces to become CIGNA IntegratedCare, a single medical and disability management organization housed in CIGNA’s Group Insurance division. In 2000, CIGNA Corp. exited six Medicare health-maintenance markets, including Philadelphia, Ohio; Kansas City, Missouri; San Diego, California; South New Jersey and Little Rock, Arkansas. The company plans to pull its HMO out of the business because of reduced payments by the government. In addition, the firm plans to expand its services to more small and mid-sized businesses. Employees enjoy on-site day care at some locations and health and wellness programs, a retirement plan that includes a pension plan and 401(k) plans, tuition reimbursement and other benefits.
BRANDS/DIVISIONS/AFFILIATES: Connecticut General Life Insurance Company CIGNA Retirement & Investment Services CIGNA HealthCare Healthsource Inc. CIGNA IntegratedCare CIGNA Group Insurance CIGNA International CIGNA Financial Services
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. H. Edward Hanway , CEO H. Edward Hanway , Pres. James G. Stewart, CFO Edward A. Faruolo, VP-Mktg. Donald M. Levinson, Exec. VP-Human Resources & Services Andrea Anania, CIO Angelo T. DeGenaro, Sr. VP-Production Excellence Program Judith E. Sotlz, General Counsel Frank Sabatino, VP-Finance & Admin. Paul H. Rohrkemper, Sr. VP-Strategic Planning David A. Finkel, VP-e-Commerce Greg Deavens, VP-Investor Rel. David B. Gerges, Treas. William M. Pastore, Pres.,CIGNA HealthCare Thomas C. Jones, Pres.,CIGNA Retirement & Investment Services Terry L. Kendall, Pres.,CIGNA International
Phone: 215-761-1000 Fax: 215-761-5515 Toll-Free: Address: 1 Liberty Place, Philadelphia, PA 19192-1550 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $14,173,000 ( 9 months) 2001 Profits: $798,000 ( 9 months) 2000 Sales: $19,994,000 2000 Profits: $987,000 Stock Ticker: CI 1999 Sales: $18,726,000 1999 Profits: $1,774,000 Employees: 43,200 1998 Sales: $17,698,000 1998 Profits: $1,292,000 Fiscal Year Ends: 12/31 1997 Sales: $15,955,000 1997 Profits: $1,086,000
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Profit Sharing:
Top Exec. Salary: $1,213,800 Bonus: $4,375,000 Second Exec. Salary: $896,200 Bonus: $3,500,000 CIGNA Corporation and its subsidiaries constitute one of the largest investor-owned insurance organizations in the United States and one of the giant companies in the financial services industry.
Apparent Women Officers or Directors: 2 Hot Spot for Advancement for Women/Minorities: Y
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International: Y
250
www.plunkettresearch.com
CINCINNATI FINANCIAL CORP
www.cinfin.com
Industry Group Code: 524113 Ranks within this company's industry group: Sales: 39 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 41
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Underwriting-Diversified Insurance Life Insurance Health Insurance Casualty Insurance Accident Insurance Financing
Cincinnati Financial Corporation offers property and casualty insurance through the Cincinnati Insurance Company, the Cincinnati Indemnity Company and the Cincinnati Casualty Company. It operates in 31 states with nearly 1,000 independent insurance agencies. The Cincinnati Life Insurance Company, a subsidiary, markets life, long-term care, health and accident insurance. Recently, the company announced that the Ward Financial Group has recognized The Cincinnati Life Insurance Companies as one of the nation’s top 50 insurers. The subsidiary was one of just 13 company names to appear on the list for 10 consecutive years. The firm’s subsidiary CFC Investment Company supports the insurance subsidiaries and their independent agent representatives through leasing and financing activities. In addition, CinFin Capital Management provides instrument management services to institutions, corporations and individuals. Standard & Poor's has rated the company’s financial strength AA+ as a result of its strong capacity to meet policyholder’s obligations under a variety of economic and underwriting conditions. The company offers a comprehensive benefits package and focuses on promoting from within the current employee pool.
BRANDS/DIVISIONS/AFFILIATES: Cincinnati Insurance Company Cincinnati Casualty Company Cincinnati Indemnity Company Cincinnati Life Insurance Company CinFin Capital Management CFC Investment
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. John J. Schiff, Jr., CEO John J. Schiff, Jr., Pres. Kenneth W. Stecher, CFO Kenneth W. Stecher, Corp. Sec. Kenneth W. Stecher, Treas. James G. Miller, Sr. VP/Chief Investment Officer John J. Schiff, Jr., CEO/Pres., Cincinnati Insurance David H. Popplewell, COO/Pres., Cincinnati Life Insurance Larry R. Plum, Pres., Cincinnati Casualty
Phone: 513-870-2000 Fax: 513-870-2911 Toll-Free: Address: 6200 S. Gilmore Rd., Fairfield, OH 45014-5141 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 6 months. 2001 Sales: $1,263,300 ( 6 months) 2001 Profits: $121,600 ( 6 months) 2000 Sales: $2,331,000 2000 Profits: $118,400 Stock Ticker: CINF 1999 Sales: $2,182,200 1999 Profits: $254,700 Employees: 3,106 1998 Sales: $2,054,300 1998 Profits: $241,600 Fiscal Year Ends: 12/31 1997 Sales: $1,942,400 1997 Profits: $299,400
SALARIES/BENEFITS: Pension Plan: Y Savings Plan:
ESOP Stock Plan: Stock Purch. Plan:
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Profit Sharing:
Top Exec. Salary: $486,776 Second Exec. Salary: $291,182
Bonus: Bonus:
$197,706 $120,366
Large base of independent agents.
Apparent Women Officers or Directors: Hot Spot for Advancement for Women/Minorities:
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
www.plunkettresearch.com
251
CITIGROUP INC
www.citigroup.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 1 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Y Y Y Y Y
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y Y Y Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 1
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y Y Y Y Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
Y Y
Y
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking/Savings Associations Real Estate Services Credit Cards Mutual Funds Insurance Brokerage Services Annuities Retirement Products
Citigroup Inc., formed by the 1998 merger of banking company Citicorp and insurer Travelers Group, is the world's top financial services firm. Products offered by Citigroup include full-service banking for consumers and commercial customers, as well as insurance and investment services in over 100 countries. Additionally, the firm offers brokerage services , mutual funds, property/casualty insurance, retirement products and real estate services. The Global Consumer unit delivers a wide array of banking, lending, and investment services, including the issuance of credit cards and personal insurance products. Citibanking North America delivers banking, lending and investment services to customers through the firm’s 367 branches and through electronic delivery systems. The CitiFinancial unit provides community-based lending services through its branch network system of over 1,270 loan offices in the U.S. and Canada. Loans to consumers include real estate-secured loans, unsecured and partially secured personal loans and loans to finance consumer goods purchases. The international unit of Global Consumer provides full-service banking and investment services in the developed markets of Western Europe and Japan, and in the emerging markets of Asia, Latin America, Central and Eastern Europe, the Middle East and Africa. In the largest ever merger between the U.S. and Mexico, Citigroup recently acquired Grupo Financiero Banamex-Accival, Mexico’s top financial institution. The two firms’ operations will be integrated in Mexico, and business will be conducted the brand name Banamex. The biggest news here is Citigroup's December 2001 announcement to split off its Travelers Property Casualty company as an independent firm. The company will sell 20% of this Travelers unit in a public stock offering near the end of 2002. Citigroup will retain ownership of other Travelers units, such as the highly profitable Travelers Life & Annuity. Citigroup was recognized by Working Mother magazine for its exceptional programs for working parents. It encourages employee ownership in addition to its retirement and health benefits.
BRANDS/DIVISIONS/AFFILIATES: Salomon Smith Barney Holdings, Inc. Primerica Financial Services Citicorp Travelers Group Citibank European American Bank Banamex Associates First Capital Corp.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Sanford Weill, CEO Robert B. Willumstad, Pres. Robert Druskin, COO Todd S. Thompson, CFO Lawrence R. Phillips, Sr. Human Resources Officer Robert Druskin, Chief Tech. Officer Thomas Trainer, CIO Roger W. Trupin, Controller Stephanie B. Mudick, Deputy General Counsel Marjorie Magner, Sr. Exec. VPChief Admin. Officer Hamid Biglari, Sr. Exec. VP-Corp. Strategy William F. Pike, VP-Investor Relations Peter M. Gallant, Treas. Michael A. Carpenter, CEO-Salomon Smith Barney Deryck C. Maughan, CEO-eCiti Roy A. Guthrie, CEO-Global Equipment Finance Jay S. Fishman, Sr. Risk Officer
Phone: 212-559-1000 Fax: 212-793-3946 Toll-Free: 800-285-3000 Address: 339 Park Ave., New York, NY 10043 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $85,372,000 ( 9 months) 2001 Profits: $10,251,000 ( 9 months) 2000 Sales: $111,826,000 2000 Profits: $13,519,000 Stock Ticker: C 1999 Sales: $82,093,000 1999 Profits: $9,867,000 Employees: 230,000 1998 Sales: $76,431,000 1998 Profits: $5,807,000 Fiscal Year Ends: 12/31 1997 Sales: $72,306,000 1997 Profits: $6,705,000
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Y Profit Sharing: Top Exec. Salary: $1,000,000 Bonus: Stock Purch. Plan: Second Exec. Salary: $800,000 Bonus: ADVANTAGE: Locations in 96 countries and territories worldw ide/Merger with Travelers Group.
COMPETITIVE OTHER THOUGHTS:
Apparent Women Officers or Directors: 2 Hot Spot for Advancement for Women/Minorities: Y
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
$18,484,414 $10,250,018
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International: Y
252
www.plunkettresearch.com
CITIZENS BANKING CORP/MI
www.cbclientsfirst.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 69 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 68
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking/Savings Associations Insurance Services
Citizens Banking Corp. provides a full range of banking and financial services to individuals and businesses, including commercial and retail banking, consumer finance, asset management, trust services and mortgage financing and servicing. Its subsidiaries Citizen Bank and F&M Bank operate more than 200 banking offices in Michigan, Illinois, Wisconsin, Iowa and Minnesota. The company also operates several other subsidiaries not affiliated with the banking businesses. CB Financial Services, Inc. sells life insurance and annuity products to clients subject to certain restrictions. Subsidiary Citizens Bank Mortgage Corporation provides mortgage financing and servicing to individuals and businesses. Citizens Title Services, Inc. issues title insurance to buyers and sellers of residential and commercial mortgage properties, including those that occur due to loan refinancing. Subsidiary Citizens Commercial Leasing Co. participates in high quality indirect lease participations. Citizens Bank Consumer Finance, LLC is a partnership es tablished to provide indirect consumer lending services to clients in Citizens’ markets. Recently, Citizens purchased three offices of Great Lakes National Bank, adding approximately $31 million in deposits to the bank’s current portfolio.
BRANDS/DIVISIONS/AFFILIATES: Citizens Bank F&M Bank CB Financial Services, Inc. Citizens Bank Mortgage Corp. Citizens Title Services, Inc. Citizens Commercial Leasing Co. Citizens Bank Consumer Finance, LLC Great Lakes National Bank
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Robert J. Vitito, CEO Robert J. Vitito, Pres. John W. Ennest, CFO Ryan P. Mathews, VP-Investor Rel. John W. Ennest, Treas.
Phone: 517-776-7568 Fax: 517-342-7090 Toll-Free: 800-806-1692 Address: 328 S. Saginaw St., Flint, MI 48502 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results w ere not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $535,700 ( 9 months) 2001 Profits: $78,900 ( 9 months) 2000 Sales: $703,400 2000 Profits: $90,700 Stock Ticker: CBCF 1999 Sales: $616,100 1999 Profits: $62,000 Employees: 2,997 1998 Sales: $587,700 1998 Profits: $90,300 Fiscal Year Ends: 12/31 1997 Sales: $551,900 1997 Profits: $54,900
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Y Profit Sharing: Top Exec. Salary: $489,999 Stock Purch. Plan: Second Exec. Salary: $281,036 Growth through acquisitions/Impressive profits.
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Apparent Women Officers or Directors: Hot Spot for Advancement for Women/Minorities:
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest: Y
Southeast:
Bonus: Bonus:
$52,376 $19,491
Northeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
www.plunkettresearch.com
CITIZENS FINANCIAL CORP
www.citizensfinancialcorp.com
Industry Group Code: 524113 Ranks within this company's industry group: Sales: 108 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Y
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
253
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 93
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Underwriting-Life Insurance Health Insurance Annuities Accident Insurance
Citizens Financial Corporation is a holding company that engages in the business of life insurance, annuities and accident and health insurance through Citizens Security and United Liberty Life Insurance Company. Recently, the company acquired National Affiliated Investors Life Insurance Company, which primarily in individual life insurance. The subsidiaries offer life, fixed-rate annuity and accident and health insurance products to individuals and groups through independent agents. The firm’s life insurance subsidiaries compete primarily on the basis of the experience, size, accessibility and claims response of its customer service representatives, product design, service and pricing. The subsidiaries are generally competitive in the markets in which they are engaged based on premium rates and services, have good relationships with their agents and have an adequate variety of insurance and annuity products approved for issuance. Management believes that the company’s current liquidity, current bond portfolio maturity distribution and positive cash flow from operations give it substantial resources to administer its existing business and fund growth generated by direct sales.
BRANDS/DIVISIONS/AFFILIATES: Citizens Security Life Insurance Company United Liberty Life Kentucky Insurance National Affiliated Investors Life Insurance Co.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Darrell R. Wells, CEO Darrell R. Wells, Pres. Lane A. Hersman, COO Brent L. Nemec, CFO Robert N. Greenwood, VP-Oper. Brent L. Nemec, Treasurer Stephen L. Marco, VP-Chief Actuary
Phone: 502-244-2420 Fax: 502-244-2439 Toll-Free: 800-843-7752 Address: 12910 Shelbyville Rd., Ste. 300, Louisville, KY 40243 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $20,000 ( 9 months) 2001 Profits: $-5,600 ( 9 months) 2000 Sales: $31,295 2000 Profits: $ 238 Stock Ticker: CNFL 1999 Sales: $36,263 1999 Profits: $6,439 Employees: 77 1998 Sales: $27,277 1998 Profits: $3,300 Fiscal Year Ends: 12/31 1997 Sales: $23,700 1997 Profits: $2,000
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Profit Sharing:
Top Exec. Salary: $124,330 Second Exec. Salary: $108,429
Bonus: Bonus:
$ $
Large independent sales force.
Apparent Women Officers or Directors: Hot Spot for Advancement for Women/Minorities: Y
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest: Y
Southeast: Y
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
254
www.plunkettresearch.com
CITIZENS FIRST FINANCIAL CORPwww.hometownbanker.com Industry Group Code: 522110 Ranks within this company's industry group: Sales: 178 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Y
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 183
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking/Savings Associations Mortgages Annuities Insurance
Citizens First Financial Corp. is the savings and loan holding company for Citizens Savings Bank, which operates five branches in the greater Bloomington-Normal metropolitan area in central Illinois. The bank is a community-oriented savings institution offering standard retail banking services. Its primary business consists of investing in one- to four-family residential mortgage loans, most of which it sells. The bank has a service subsidiary, CSL Service Corp., which sells tax-deferred annuities. In 1998, the bank’s Parkway facility, its newest location, achieved the fastest growth of any new branches in the bank’s history. Another significant accomplishment was the performance of the bank’s Agricultural Lending Department in its first year, originating $7.9 million in 85 loans. Citizens First’s future plans include a continued concentration on originating and servicing mortgage loans, but the company plans to gradually diversify its loan portfolio to embody a higher percentage of other types of loans, as well as expanding through internal growth and acquisitions.
BRANDS/DIVISIONS/AFFILIATES: Citizens Savings Bank F.S.B. CSL Service Corporation Fairbury Financial Services Corp.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. C. William Landefeld, CEO C. William Landefeld, Pres. Dallas G. Smiley, Sr. VP/CFO Richard F. Becker, Sr. VP/Sec. Dallas G. Smiley, Sr. VP/Treas.
Phone: 309-661-8700 Fax: 309-661-0707 Toll-Free: Address: 2101 North Veterans Parkway, Bloomington, IL 61704 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $20,600 ( 9 months) 2001 Profits: $1,700 ( 9 months) 2000 Sales: $28,900 2000 Profits: $1,800 Stock Ticker: CFSB 1999 Sales: $23,200 1999 Profits: $1,200 Employees: 107 1998 Sales: $22,829 1998 Profits: $2,014 Fiscal Year Ends: 12/31 1997 Sales: $22,284 1997 Profits: $1,889
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Y Profit Sharing: Y Top Exec. Salary: $234,950 Stock Purch. Plan: Second Exec. Salary: $129,780 Expanding through new location development.
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Apparent Women Officers or Directors: Hot Spot for Advancement for Women/Minorities: Y
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest: Y
Southeast:
Bonus: Bonus:
$ $
Northeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
www.plunkettresearch.com
255
CITIZENS INC
www.citizensinc.com
Industry Group Code: 524113 Ranks within this company's industry group: Sales: 104 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 88
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Insurance Company-Underwriting Life Insurance Financial Data Services Aircraft Transportation Funeral Homes
Citizens, Inc. is a Colorado-based life insurance holding company for several insurance companies that operate in the U.S. and internationally. As its major source of revenue, the company relies primarily on life insurance premiums written by life insurance subsidiaries Citizens Insurance Company of America, which mainly sells whole life policies that are marketed by independent agents primarily in Latin America; United Security Life Insurance Co., which sells life, accident and health insurance in the southeastern U.S.; and National Security Life and Accident Insurance Company, which markets credit, whole life and health insurance lines in Texas. Citizens also owns a data processing subsidiary, a funeral home company and an aircraft transportation business. Citizens has made a concerted effort to expand the number of foreign countries from which it accepts business and its marketing activities in the U.S. The company has a longterm growth plan, which incorporates these goals. It exists as a three-prong strategy: continued expansion of the international market, domestic acquisitions that would blend well with its operations and further capitalize the company and development of its domestic marketing. The company recently acquired Combined Underwriters Life Insurance Company and Lifeline Underwriters Life Insurance, solidifying their position in the state of Texas. The company offers its employees group medical insurance, a cafeteria benefits plan, professional hair care and psychological and spiritual counseling.
BRANDS/DIVISIONS/AFFILIATES: Citizens Insurance Company of America United Security Life Insurance Co. National Security Life and Accident Insurance Co. Computing Technology, Inc. Insurance Investors, Inc. Funeral Homes of America Combined Underwriters Life Insurance Company Lifeline Underwriters Life Insurance
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Rick D. Riley, CEO Mark A. Oliver, Pres. Jeffrey J. Wood, CFO/Exec. VP Clayton D. Dunham, Chief Mktg. Officer Russell C. King, Asst. VP-Personnel Mark A. Oliver, CIO Jeffrey J. Wood, Sec. Joel Mathis, VP-Investor Rel. Jeffrey J. Wood, Treas.
Phone: 512-837-7100 Fax: 512-836-9785 Toll-Free: Address: 400 East Anderson Lane, Austin, TX 78752 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $49,500 ( 9 months) 2001 Profits: $2,500 ( 9 months) 2000 Sales: $66,700 2000 Profits: $2,100 Stock Ticker: CIA 1999 Sales: $72,000 1999 Profits: $1,300 Employees: 90 1998 Sales: $72,685 1998 Profits: $-6,721 Fiscal Year Ends: 12/31 1997 Sales: $65,027 1997 Profits: $3,426
SALARIES/BENEFITS: Pension Plan: Savings Plan:
ESOP Stock Plan: Y Profit Sharing: Y Top Exec. Salary: $495,546 Stock Purch. Plan: Second Exec. Salary: $204,704 Plans to grow its retirement products business.
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Apparent Women Officers or Directors: Hot Spot for Advancement for Women/Minorities: Y
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest:
Southeast: Y
Bonus: Bonus:
$ $
Northeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International: Y
256
www.plunkettresearch.com
CITY NATIONAL CORPORATION
www.cnb.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 65 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Y
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 52
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking/Savings Associations Investment Services
City National Corporation is a holding company for City National Bank, which offers personal and business banking, including basic accounts, cash management, loans, financing, trust services, and investment and retirement products. The second-largest independent commercial bank in California, its client base includes small-to mid-sized businesses, entrepreneurs, professionals and affluent individuals. Subsidiary City National Investments and subsidiary RCB offer personal and employee benefit trust services, manage investments for clients and engage in securities sales and trading. CNI Charter Funds manages and offers mutual funds for the bank. Recently, the company acquired CivicBanCorp, parent company of Civic Bank of Commerce, allowing the company to double its assets in the Bay Area. City National also expanded into the Bay Area through the acquisition of The Pacific Bank earlier in the year. The company increased its investment management offerings with the purchase of investment firm Reed, Conner and Birdwell, Inc. City National Bank recently entered into an agreement with INROADS/Southern California to create job opportunities for minority college opportunities in a program to encourage diversity and introduce more minority students into the corporate workforce.
BRANDS/DIVISIONS/AFFILIATES: City National Bank The Pacific Bank Civic BanCorp Reed, Conner and Birdwell, Inc. City National Investments RCB
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Russell Goldsmith, CEO George H. Benter, Jr., Pres. George H. Benter, Jr., COO Frank P. Pekny, CFO Stephen D. McAvoy , Controller Michael B. Cahill, Corp. Sec. Michael B. Cahill, General Counsel Cary Walker, Sr. VP-Corporate Public Relations Heng Chen, VP- Investor Rel. Frank P. Pekny, Treas. Robert A. Moore, Chief Credit Officer, City National Bank Martha Henderson, VP-Entertainment Division, City National Bank Stanley J. Kafka, VP-Real Estate, City National Bank Thomas Miller, VP-Director of Mktg., City National Bank
Phone: 310-888-6000 Fax: 310-888-6045 Toll-Free: Address: 400 N. Roxbury Dr., Beverly Hills , CA 90210 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $573,700 ( 9 months) 2001 Profits: $107,400 ( 9 months) 2000 Sales: $755,800 2000 Profits: $131,700 Stock Ticker: CYN 1999 Sales: $557,600 1999 Profits: $108,100 Employees: 2,034 1998 Sales: $491,600 1998 Profits: $96,200 Fiscal Year Ends: 12/31 1997 Sales: $411,400 1997 Profits: $80,100
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Top Exec. Salary: $751,526 Second Exec. Salary: $540,000 Second-largest independent bank in California.
Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
Profit Sharing:
LOCATIONS: ("Y" = Yes) West: Y
Southwest:
Midwest:
Southeast:
Bonus: Bonus:
$1,017,359 $385,000
Northeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
www.plunkettresearch.com
257
CNA FINANCIAL CORPORATION
www.cna.com
Industry Group Code: 524113 Ranks within this company's industry group: Sales: 11 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 6
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Y
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
Y
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Insurance Company-Underwriting Life Insurance Accident and Health Insurance Property and Casualty Insurance Reinsurance Insurance-Related Services
CNA Financial Corporation is a holding company with subsidiaries involved in property/casualty and life insurance. Collectively, these companies comprise CNA Financial’s principal subsidiary CNA, one of the 10 largest insurance organizations in the U.S. More than half of the company’s sales are in property/casualty insurance, while additional product offerings to businesses include workers’ compensation, general liability, professional liability, multiple peril and reinsurance coverage. Association, annuity and pension products, as well as life, accident and health insurance are offered to individuals and groups. Other CNA services include risk management, information services, health care management and claims administration. In 1999, the company acquired Stedman Insurance Group, a managing general underwriter, and announced the creation of CNA Maritime, a new marine marketing brand. Recently, CNA Global Specialty Lines, a unit of CNA insurance companies that specializes in management liability and professional liability insurance products, entered into an agreement with Ambridge Partners LLC, a highly specialized managing general underwriter for Transaction Facilitation Insurance (TFI) products. The agreement calls for Ambridge to act as managing general underwriter for the unit's loss mitigation insurance and TFI products outside of North America. In addition, Ambridge will act as managing general underwriter for all North American TFI products based on a separate strategic alliance between CNA Global Specialty, Syndicate 1007 at Lloyd's of London and Ambridge. In other news, Ameritas Life Insurance Corp. and CNA Group Benefits announced an agreement that enables CNA Group Benefits to market Ameritas’ group dental and vision insurance plans in seven pilot markets. The firm offers its employees a professional casual dress code, flexible spending accounts and tuition reimbursement.
BRANDS/DIVISIONS/AFFILIATES: Continental Casualty Company Continental Assurance Company Ameritas Life Insurance Corp. Stedman Insurance Group Ambridge Partners LLC RSCKO CNA Health Partners
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Laurence A. Tisch, CEO Robert V. Deutsch, Exec. VP/CFO Thomas Pontarelli, Exec. VP-Human Resources Robert V. James, Exec. VP-Tech. Solutions Jonathan D. Kantor, Exec. VP-Corp. Sec. Jonathan D. Kantor, Exec. VP/General Counsel Karen G. Foley, Exec. VP-Corp. Dev. Thomas Pontarelli, Exec. VP-Corp. Services Bernard L. Hengesbaugh, CEO, CNA Insurance Companies Stephen W. Lilienthal, CEO-CNA Property and Casualty Gary J. Owcar, Exec. VP-Worldwide Field Oper. Peter W.Wilson, Exec. VP-Global Speciality Lines
Phone: 312-822-5000 Fax: 312-822-6419 Toll-Free: Address: CNA Plaza, 333 S. Wabash, Chicago, IL 60685 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $9,495,000 ( 9 months) 2001 Profits: $-1,622,000 ( 9 months) 2000 Sales: $15,614,000 2000 Profits: $1,214,000 Stock Ticker: CNA 1999 Sales: $16,403,000 1999 Profits: $-130,000 Employees: 19,100 1998 Sales: $17,162,000 1998 Profits: $282,000 Fiscal Year Ends: 12/31 1997 Sales: $17,199,000 1997 Profits: $966,000
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Profit Sharing: Top Exec. Salary: $950,000 Stock Purch. Plan: Y Second Exec. Salary: $676,250 One of the largest writers of commercial property and casualty insurance.
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Bonus: Bonus:
$923,400 $594,000
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International: Y
258
www.plunkettresearch.com
CNA SURETY CORPORATION
www.cnasurety.com
Industry Group Code: 524113 Ranks within this company's industry group: Sales: 71 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 50
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Insurance Company-Underwriting Surety Bonds Credit Insurance
CNA Surety Corporation ranks among the largest surety companies in the U.S. A specialty insurer, its product line includes small, medium and large contract and commercial surety bonds, which are securities that guarantee a contract’s fulfillment. CNA Surety’s subsidiary Western Surety Company handles fidelity, commercial and contract bonds and international surety and credit insurance. Subsidiary Universal Surety of America specializes in commercial and contract bonds to small business customers. In 1998, CNA began leveraging its product line and distribution system to meet the full scope of needs of the surety marketplace by taking advantage of cross-marketing opportunities. Another of its strategies is a long-term focus on international expansion, which the company made strides toward by establishing a number of new international accounts. As part of this plan, the company purchased an equity interest in De Montfort Insurance Company PLC, a United Kingdom based insurance company specializing in surety bonds and credit insurance. CNA Surety is also expanding domestically. In 1999, the company acquired Clark Bonding Company, Inc., an insurance agency and brokerage specializing in the distribution of surety and fidelity bonds and operating under the name The Bond Exchange. It also entered into an alliance with InSure Vision Technologies to provide SurePath, a single entry, multi-use automated surety bond process system that operates over the Internet. The company offers employees medical, dental and vision protection, as well as tuition reimbursement and employee recognition programs.
BRANDS/DIVISIONS/AFFILIATES: Western Surety Company Universal Surety of America Surety Bonding Company of America Clark Bonding Company, Inc. The Bond Exchange De Montfort Insurance Company PLC
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Mark C. Vonnahme, CEO Mark C. Vonnahme, Pres. John S. Heneghan, Sr. VP/CFO Michael A. Dougherty, Sr. VP/Chief Mktg. Officer Melita H. Geoghegan, VP/Chief Human Resources Officer Enid Tanehaus, VP/Sec. Enid Tanehaus, VP/General Counsel Thomas A. Pottle, Exec. VP-Oper. John S. Heneghan, Sr. VP/Treas. Thomas P. Greasel, VP/Chief Claims Officer David F. Paul, VP- International Surety Stephen T. Pate, Sr. VP-Commercial Surety Sharon A. Sartori, Sr. VP/Chief Underwriting Officer
Phone: 312-822-5000 Fax: 312-755-3737 Toll-Free: Address: CNA Plaza, 333 S. Wabash Ave., 13-South, Chicago, IL 60685 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $260,400 ( 9 months) 2001 Profits: $36,200 ( 9 months) 2000 Sales: $332,300 2000 Profits: $53,600 Stock Ticker: SUR 1999 Sales: $309,400 1999 Profits: $56,500 Employees: 817 1998 Sales: $283,840 1998 Profits: $45,515 Fiscal Year Ends: 12/31 1997 Sales: $71,284 1997 Profits: $10,996
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Profit Sharing:
Top Exec. Salary: $375,000 Second Exec. Salary: $275,000 Ranks among the largest surety companies in the U.S.
Apparent Women Officers or Directors: 2 Hot Spot for Advancement for Women/Minorities: Y
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Bonus: Bonus:
$325,000 $150,000
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International: Y
www.plunkettresearch.com
COASTAL BANCORP INC
www.coastalbanc.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 90 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
259 Profits: 92
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking/Savings Association Mortgages Commercial and Consumer Loans Real Estate Loans
Coastal Bancorp, Inc. is the holding company for Coastal Banc, a Texas state savings bank. The bank serves customers from 50 branches in Austin, Houston and other Texas communities. It offers savings, interest-bearing checking and money market accounts, as well as a variety of loans, including one- to four-family residential mortgages, multifamily real estate, residential construction, commercial real estate, consumer and business loans. The company’s business strategy is to combine acquisitions of banks and bank branches with internal development of new business lines. In 1998, Coastal Banc officially pronounced itself a commercial bank, the result of a four-year work in progress, which included changing the bank’s data processing system to a commercially friendly system. In conjunction with its new commercial bank status, the bank created a new category of branches called Business Banking Centers, which have a primarily commercial customer base and are designed to better accommodate commercial accounts and products. Recently, Coastal Bancorp acquired The San Benito Bank & Trust Company from its owner, Pacific Southwest Bank. The firm plans to continue acquisitions in Texas as part of its core strategy. The corporation’s goal for the future is to provide its business banking customers investment banking services alongside its traditional portfolio. The company offers employees tuition reimbursement, health, dental and life insurance and alternative investments discounts.
BRANDS/DIVISIONS/AFFILIATES: Coastal Banc Capital Corp. Coastal Banc Savings Association Coastal Banc ssb CBS Asset Corp. Coastal Banc Holding Company, Inc.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Manuel J. Mehos, CEO Manuel J. Mehos, Pres. Catherine N. Wylie, COO Catherine N. Wylie, CFO Teri Blackwell, Sr. VP-Human Resources Barbara F. Sorenson, Controller Linda B. Frazier, Corp. Sec.
Phone: 713-435-5000 Fax: 713-435-5106 Toll-Free: Address: 5718 Westheimer, Ste. 600, Houston, TX 77057 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $175,700 ( 9 months) 2001 Profits: $17,500 ( 9 months) 2000 Sales: $249,300 2000 Profits: $22,500 Stock Ticker: CBSA 1999 Sales: $213,300 1999 Profits: $13,600 Employees: 661 1998 Sales: $217,700 1998 Profits: $19,256 Fiscal Year Ends: 12/31 1997 Sales: $207,503 1997 Profits: $14,151
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Profit Sharing:
Top Exec. Salary: $343,200 Second Exec. Salary: $234,000
Bonus: Bonus:
$255,947 $127,973
Dedicated to growth by acquisitions.
Apparent Women Officers or Directors: 4 Hot Spot for Advancement for Women/Minorities: Y
LOCATIONS: ("Y" = Yes) West:
Southwest: Y
Midwest:
Southeast:
Northeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
260
www.plunkettresearch.com
COASTAL FINANCIAL CORP
www.coastalfederal.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 137 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Y
Profits: 125
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking/Savings Association Mortgages Banking Software Real Estate Operations
Bank holding company Coastal Financial Corporation conducts business through its principal subsidiary Coastal Federal Savings Bank, which operates throughout North and South Carolina. The bank offers a full line of consumer and business banking services, including NOW and money market accounts, CDs and retirement savings plans. The company uses its customers’ deposits to make loans, some 65% of which are mortgages on one- to fourfamily residences. Subsidiary Coastal Technology Services develops specialized banking software. Since becoming a public company in 1990, the firm has consistently experienced a compound annual growth rate of more than 30% in its stock price. Coastal’s philosophy is of viewing change and constant improvement as essential to the achievement of its objectives. As part of this philosophy, the company expanded its Coastal Federal University employee training program, developed a new sales center in Sunset Beach, North Carolina and made plans for additional sales centers in its contiguous market area. Recently, it began work on two more banking centers in North Carolina. The company operates the Coastal Federal University, an employee education workshop designed to further leadership, teamwork and business skills.
BRANDS/DIVISIONS/AFFILIATES: Coastal Federal Savings Bank Coastal Federal Mortgage, Inc. Coastal Investments Corp. Coastal Technology Services Sherwood Development Corp. Coastal Mortgage Bankers & Realty Co., Inc. Coastal Real Estate Investment Corp. North Beach Investment, Inc.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Michael C. Gerald, CEO Michael C. Gerald, Pres. Jerry L. Rexroad, CFO Steven J. Sherry, Chief Mktg. Officer Robert D. Douglas, VP-Human Resources Susan J. Cooke, Corp. Sec. Jimmy R. Graham, Exec. VP Phillip G. Stalvey, Exec. VP
Phone: 843-205-2000 Fax: 843-626-0595 Toll-Free: Address: 2619 Oak St., Myrtle Beach, SC 29577-3129 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 12 months. 2001 Sales: $68,200 (12 months) 2001 Profits: $9,300 (12 months) 2000 Sales: $64,000 2000 Profits: $8,500 Stock Ticker: CFCP 1999 Sales: $55,200 1999 Profits: $7,700 Employees: 235 1998 Sales: $49,800 1998 Profits: $6,900 Fiscal Year Ends: 9/30 1997 Sales: $42,800 1997 Profits: $5,800
SALARIES/BENEFITS: Pension Plan: Y Savings Plan:
ESOP Stock Plan: Stock Purch. Plan:
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Profit Sharing:
Top Exec. Salary: $200,000 Second Exec. Salary: $156,000
Bonus: Bonus:
$145,500 $106,230
Rapid growth.
Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Southeast:
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
www.plunkettresearch.com
261
CODORUS VALLEY BANCORP INC www.peoplesbanknet.com Industry Group Code: 522110 Ranks within this company's industry group: Sales: 183 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y Y Y Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 170
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking/Savings Associations Mortgages Investment Services Trust Services Real Estate Operations Title Insurance
Codorus Valley Bancorp is the holding company for PeoplesBank, which operates through 10 offices in York County, Pennsylvania. The bank offers a full range of commercial and consumer services, including checking, interest-bearing checking, savings accounts and certificates of deposit. The bank also provides investment and trust services at its main branch. Its target markets include businesses, consumers and communities located in York County and surrounding areas. Business, industrial and agricultural loans make up nearly 60 percent of the bank’s loan portfolio. The bank also makes residential and commercial real estate mortgages. Codorus Valley’s non-banking subsidiary, SYC Realty Co., sells property the bank has obtained in lieu of loan repayment. The company recently created SYC Insurance Services, which offers variable annuities and life insurance within PeoplesBank's service area. SYC Settlement Services, Inc. was also created as a subsidiary of PeoplesBank in order to provide real estate title insurance and settlement services for the general public in Pennsylvania and Maryland. Codorus Valley's strategy for the future includes building new, innovative lines of business, creating partnerships with existing companies and updating and streamlining its traditional personal delivery channels and sales methods.
BRANDS/DIVISIONS/AFFILIATES: PeoplesBank SYC Realty Co. SYC Settlement Services, Inc.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Larry J. Miller, CEO Larry J. Miller, Pres. Jann Weaver, CFO Harry R. Swift, Corp. Sec. Harry R. Swift, General Counsel Jann A. Weaver, Treas.
Phone: 717-846-1970 Fax: 717-741-9582 Toll-Free: Address: 105 Leader Heighs Road, PO Box 2887, York, PA 17405 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $18,900 ( 9 months) 2001 Profits: $2,000 ( 9 months) 2000 Sales: $24,300 2000 Profits: $2,700 Stock Ticker: CVLY 1999 Sales: $22,500 1999 Profits: $2,700 Employees: 150 1998 Sales: $21,810 1998 Profits: $2,536 Fiscal Year Ends: 12/31 1997 Sales: $20,740 1997 Profits: $2,479
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Profit Sharing:
Top Exec. Salary: $170,338 Second Exec. Salary: $148,215
Bonus: Bonus:
$ 200 $
Offers a wide variety of services.
Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Southeast:
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
262
www.plunkettresearch.com
COLONIAL BANCGROUP INC
www.colonialbank.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 56 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y Y Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 58
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking/Savings Associations Real Estate Investment Services Insurance Products
Colonial BancGroup, Inc. is a bank holding company that operates Colonial Bank, among several other financial operations. The Colonial Bank manages 239 branches throughout Alabama, Florida, Georgia, Tennessee, Texas and Nevada. The bank provides checking and savings accounts, CDs and credit cards. Colonial Bank also provides additional services to its markets through cash management, electronic banking, merchant and wealth management services. Wealth management services include trust services and the sales of investment products, such as mutual funds, annuities, stocks, municipal bonds and U.S. government securities. Colonial BancGroup also operates several non-banking subsidiaries. Colonial BancGroup Building Corp. owns and leases buildings and land us ed by the bank. Colonial Capital II issues trust-preferred securities that are guaranteed by BancGroup. Subsidiary Colonial Brokerage, Inc. provides broker/dealer services and investment advice. The bank also manages several of its own subsidiaries. CBG Investments, Inc. owns and manages investment securities. Colonial Investment Services, Inc., along with Colonial Investments Services of Florida, Tennessee and Georgia, offers various insurance products and annuities for sale to the public. In addition, the bank conducts business through Colonial Asset Management, Inc., an investment advisor. BancGroup recently announced the expansion of its banking operations through the purchase of Manufacturers Bank of Florida and several Union Planters’ branches in Alabama and Florida.
BRANDS/DIVISIONS/AFFILIATES: Colonial Bank Colonial BancGroup Building Corp. Colonial Capital II Colonial Brokerage, Inc. Manufacturers Bank of Florida Union Planters CBG Investments, Inc. Colonial Investment Services, Inc.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Robert E. Lowder, CEO Robert E. Lowder, Pres. Sarah H. Moore, COO W. Flake Oakley, IV , CFO W. Flake Oakley, IV , Corp. Sec. Young J. Boozer, III, Exec. VP-General Auditor Michelle Condon, Exec. VP-Special Projects
Phone: 334-240-5000 Fax: 334-240-5395 Toll-Free: Address: 1 Commerce St., Ste. 800, Montgomery, AL 36101 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $740,200 ( 9 months) 2001 Profits: $89,300 ( 9 months) 2000 Sales: $973,100 2000 Profits: $112,700 Stock Ticker: CNB 1999 Sales: $824,900 1999 Profits: $119,600 Employees: 3,212 1998 Sales: $723,600 1998 Profits: $55,200 Fiscal Year Ends: 12/31 1997 Sales: $684,500 1997 Profits: $90,400
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Profit Sharing:
Top Exec. Salary: $950,000 Second Exec. Salary: $276,442
Bonus: Bonus:
$189,050 $50,000
Expansion through acquisitions.
Apparent Women Officers or Directors: 2 Hot Spot for Advancement for Women/Minorities: Y
LOCATIONS: ("Y" = Yes) West:
Southwest: Y
Midwest:
Southeast: Y
Northeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
www.plunkettresearch.com
263
COLUMBIA BANCORP
www.columbank.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 138 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 141
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y Y Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking/Savings Association Mortgages Residential Development and Construction Loans Home Equity Loans
Columbia Bancorp is the holding company for The Columbia Bank, which has 23 offices serving Howard, Baltimore, Montgomery and Prince George's Counties and the Baltimore metropolitan area in Maryland. The bank offers a wide range of personal banking and commercial services, such as PC banking, 24-hour telephone banking and cash management services to individuals and smallto medium -sized businesses. Its lending portfolio emphasizes residential real estate development and construction, which account for about 40 percent of all loans, and consumer loans, which are mostly comprised of home equity loans. Residential mortgages represent less than 10 percent of all lending, and the bank's practice is to immediately sell these loans in the secondary market. The company recently merged with Suburban Bancshares, Inc., thereby enhancing its presence in the Washington-area Maryland Counties of Prince George's and Montgomery. The company offers employees dental, vision and health coverage, tuition reimbursement, interest free loans and corporate discounts for the purchase of personal computer equipment.
BRANDS/DIVISIONS/AFFILIATES: Columbia Bank (The) Commercial Lending Services Division Suburban Bancshares, Inc.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. John M. Bond, Jr., CEO John M. Bond, Jr., Pres. John A. Scaldara, Jr., CFO John A. Scaldara, Jr., Corp. Sec. John M. Bond, Jr., Treas.
Phone: 410-465-4800 Fax: 410-750-0105 Toll-Free: Address: 10480 Little Patuxent Pkwy., Columbia, MD 21044 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $49,100 ( 9 months) 2001 Profits: $6,600 ( 9 months) 2000 Sales: $62,900 2000 Profits: $5,200 Stock Ticker: CBMD 1999 Sales: $37,600 1999 Profits: $5,200 Employees: 331 1998 Sales: $36,352 1998 Profits: $4,746 Fiscal Year Ends: 12/31 1997 Sales: $32,376 1997 Profits: $4,168
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Profit Sharing:
Top Exec. Salary: $250,000 Second Exec. Salary: $168,000
Bonus: Bonus:
$65,000 $28,000
Offers a wide range of services.
Apparent Women Officers or Directors: Hot Spot for Advancement for Women/Minorities: Y
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Southeast:
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
264
www.plunkettresearch.com
COMERICA INC
www.comerica.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 25 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Y Y
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 18
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
Y
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking/Savings Associations Insurance Credit Cards Investment Banking Mortgage Banking Mutual Fund Services Private Banking
Comerica, Inc., a Detroit-based bank holding company with operations in California, Florida, Michigan and Texas, focuses on commercial lending and emphasizes its smallbusiness loan operations. The firm operates in three units. The first sector, the Business Bank, carries out procedures dealing with business and business-based asset lending, global finance, institutional trust, commercial loans, commercial lines of credit and international trade finance. The company’s second operating unit, the Individual Bank, is concerned with consumer lending, consumer deposit gathering, mortgage loan servicing, small-business banking, private banking and credit cards. The Investment Bank, Comerica’s third division of business, focuses on mutual fund services, annuity investment services, life insurance and disability insurance. Currently, the company is further diversifying its fee-based businesses and investm ent services through strategic alliances with companies, including National Data Corporation, Paine Webber, SPP Hambro & Company and Liberty Mutual Insurance. Through these partnerships, Comerica has a greater ability to offer its business customers merchant processing services and will be able to gain new clients for its trust department. The company recently acquired Imperial Bancorp, fueling their growth California and nationwide. The company offers employees medical, dental and vision insurance, tuition reimbursement and alternative work arrangements.
BRANDS/DIVISIONS/AFFILIATES: Comerica Bank Comerica Acceptance Corporation Comerica Community Development Corporation Comerica Leasing Corporation Comerica Mortgage Corporation Imperial Bancorp John V. Carr & Son, Inc. Comerica Investment Services, Inc.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Eugene A. Miller, CEO Eugene A. Miller, Pres. Ralph R. Babb, Jr., CFO Richard A. Collister, VP-Corp. Staff John R. Beran, CIO Marvin J. Elenbaas, Controller George W. Madison, Corp. Sec. George W. Madison, General Counsel Ralph R. Babb, Jr., VP-Admin.
Phone: 313-222-3300 Fax: 313-222-6067 Toll-Free: Address: Comerica Tower at Detroit Center, Detroit, MI 482261101 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $3,226,600 ( 9 months) 2001 Profits: $510,600 ( 9 months) 2000 Sales: $4,087,500 2000 Profits: $749,300 Stock Ticker: CMA 1999 Sales: $3,389,600 1999 Profits: $672,600 Employees: 10,361 1998 Sales: $3,219,900 1998 Profits: $607,100 Fiscal Year Ends: 12/31 1997 Sales: $ 1997 Profits: $
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Y Profit Sharing: Top Exec. Salary: $870,000 Stock Purch. Plan: Second Exec. Salary: $455,000 11th largest commercial business lender in the U.S.
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Apparent Women Officers or Directors: Hot Spot for Advancement for Women/Minorities:
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Bonus: Bonus:
$1,392,000 $637,000
Northeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International: Y
www.plunkettresearch.com
COMMERCE BANCORP INC
www.commerceonline.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 71 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
265 Profits: 70
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking/Savings Associations Insurance Products Securities Services
Commerce Bancorp, Inc. is the holding company for Commerce Bank, N.A., Commerce Bank/Shore, N.A. and Commerce NJ. The banks offer checking and savings accounts, money market accounts, CDs and corporate trust services through more than 180 branches in New Jersey, southeastern Pennsylvania and Delaware. The company also operates several non-banking subsidiaries. Commerce Capital Markets, Inc., the largest public finance underwriter in the area, offers trading, underwriting and advisory services to major clients in the education and healthcare fields. Commerce National Insurance Services, Inc. provides commercial property, casualty, surety and personal lines, as well as employee benefit programs. The subsidiary is the 24th largest insurance agency in the nation, with an annual premium volume that exceeds $500 million. Commerce Bancorp, Inc. recently expanded its insurance operations with the acquisitions of Traber and Vreeland, Inc. and Guarantee Service Agency, Inc. Banking operations are currently expanding through the construction of new offices, and the company recently opened its first branches in the Manhattan area. The company offers employees medical and dental insurance, discounted auto and homeowner insurance and free banking checkcard.
BRANDS/DIVISIONS/AFFILIATES: Commerce Bank Commerce Bank/Shore, N.A. Commerce NJ Commerce Capital Markets, Inc. Commerce National Insurance Services, Inc. Traber and Vreeland, Inc. Guarantee Service Agency, Inc.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Vernon W. Hill, II, Pres. C. Edward Jordan, Jr., Exec. VP-Finance John J. Cunningham, Jr., Sr. VP-Mktg. Peter M. Musumeci, Jr., Treas. Dennis M. DiFlorio, Exec. VP-Retail Robert D. Falese, Exec. VP-Lending Peter M. Musumeci, Jr., Exec. VP-Credit David Wojcik, Sr. VP-Oversight
Phone: 609-751-9000 Fax: 609-751-9260 Toll-Free: 888-751-9000 Address: 1701 Rte. 70 E., Cherry Hill, NJ 08034-5400 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $586,500 ( 9 months) 2001 Profits: $74,800 ( 9 months) 2000 Sales: $656,100 2000 Profits: $80,000 Stock Ticker: CBH 1999 Sales: $501,000 1999 Profits: $66,000 Employees: 4,230 1998 Sales: $420,900 1998 Profits: $42,200 Fiscal Year Ends: 12/31 1997 Sales: $337,500 1997 Profits: $44,400
SALARIES/BENEFIT S: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Y Profit Sharing: Top Exec. Salary: $800,000 Stock Purch. Plan: Second Exec. Salary: $375,000 Operates the largest public finance underwriter in the New Jersey area.
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Apparent Women Officers or Directors: Hot Spot for Advancement for Women/Minorities:
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Southeast:
Bonus: Bonus:
$250,000 $100,000
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
266
www.plunkettresearch.com
COMMERCE BANCSHARES INC
www.commercebank.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 53 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Y
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 43
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y Y Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Residential and Commercial Mortgages Construction Loans Real Estate Life, Property/Casualty Insurance Venture Capital Financial Management Tools Brokerage Services
Commerce Bancshares, Inc. is a regis tered bank holding company that offers a full line of banking services, which include investment management and securities brokerage. The firm operates through four national banking associations and has over 340 locations in Missouri, Illinois and Kansas. The Nebraska bank is limited in its activities to the issuance of credit cards and their related support services. The remaining three banking subsidiaries engage in general banking business and provide a range of retail, corporate, investment and private banking products and services to individuals and businesses. Commerce also owns various non-banking subsidiaries whose activities include owning and leasing real estate and underwriting credit life, accident and health insurance. Additional services offered include selling property and casualty insurance, venture capital investment, securities brokerage and mortgage banking. The firm is managed in three operating segments. The consumer segment includes the retail branch network, consumer installment lending and discount brokerage services. The commercial segment provides corporate lending, leasing and international services, as well as business, government deposit and cash management services. The money management segment provides traditional trust and estate tax planning services, and discretionary investment management services. Additionally, this segment operates mutual funds that are available to both trust and general retail customers. Recently, Commerce recorded an increase in earnings as a result of a reduction in expenses and growth in noninterest income. As a result of a 10% increase over the previous year, non-interest income now accounts for 37% of revenue.
BRANDS/DIVISIONS/AFFILIATES: CommerceBusinessTools.com Commerce Bank Commerce Bank Commercial Real Estate Group (The)
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. David W. Kemper, CEO David W. Kemper, Pres. A. Bayard, CFO Sara E. Foster, Human Resources A. Bayard, Treas. Jonathan M. Kemper, CEO-Commerce Bank, Kansas City Charles G. Kim, Exec. VP Seth M. Leadbeater, CEO-Commerce Bank, St. Louis Robert C. Matthews, Jr., Exec. VP-Loan and Credit Admin.
Phone: 816-234-2000 Fax: 816-234-2019 Toll-Free: Address: P.O. Box 13686, Kansas City, MO 64199-3686 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $785,500 ( 9 months) 2001 Profits: $135,200 ( 9 months) 2000 Sales: $1,065,000 2000 Profits: $178,600 Stock Ticker: CBSH 1999 Sales: $986,800 1999 Profits: $166,200 Employees: 5,076 1998 Sales: $942,500 1998 Profits: $150,100 Fiscal Year Ends: 12/31 1997 Sales: $863,000 1997 Profits: $132,700
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Profit Sharing:
Top Exec. Salary: $610,800 Second Exec. Salary: $319,500
Bonus: Bonus:
$475,000 $170,000
Offers highly diverse services.
Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest: Y
Southeast:
Northeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
www.plunkettresearch.com
267
COMMERCE GROUP INC (THE) www.commerceinsurance.com Industry Group Code: 524113 Ranks within this company's industry group: Sales: 49 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 39
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Insurance Company-Underwriting Commercial Automobile Insurance Homeowners Insurance Inland Marine Insurance Fire Insurance General Liability Insurance Mortgages
The Commerce Group, Inc. is principally engaged in providing personal and commercial property and casualty insurance in Massachusetts through its primary subsidiary, The Commerce Insurance Company. This subsidiary is the largest writer of Massachusetts private passenger automobile insurance and the second largest writer of Massachusetts homeowners insurance. The company also writes insurance in California through subsidiary Commerce West Insurance Company, while subsidiary American Commerce Insurance operates in Ohio. The Commerce Group's principal insurance line is motor vehicle insurance, primarily covering personal automobiles. The firm also offers commercial automobile, inland marine, fire, general liability and commercial multiperil insurance. Other operations include the creation of residential and commercial mortgages on a limited basis within Massachusetts and Connecticut and the operation of an insurance agency dealing with a full line of insurance products, including those of the company. The Commerce Group's business strategy is to focus its insurance activities primarily on the personal automobile market. Subsidiary American Commerce Insurance Company was formed from the recent acquisition of the Automobile Club Insurance Company and offers decreased insurance rates for drivers with clean driving records. The company offers employees medical insurance, alternative work schedules, a corporate sponsored childcare center and tuition reimbursement.
BRANDS/DIVISIONS/AFFILIATES: Commerce Holdings, Inc. Commerce Insurance Company (The) Commerce West Insurance Company Bay Finance Company, Inc. Clark- Prout Insurance Agency Automobile Club Insurance Company ACIC Holding Company, Inc. American Commerce Insurance Company
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Arthur J. Remillard, Jr., CEO Gerald Fels, Pres. Gerald Fels, COO Gerald Fels, CFO Peter J. Dignan, VP-Mktg. Mary M. Fontaine, VP-Human Resources James A. Ermilio, General Counsel Randall V. Becker, Treas./Chief Acc. Officer Arthur J. Remillard, III, VP-Asst. Clerk
Phone: 508-943-9000 Fax: 508-949-4921 Toll-Free: 800-922-8276 Address: 211 Main Street, Webster, MA 01570 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $857,300 ( 9 months) 2001 Profits: $64,900 ( 9 months) 2000 Sales: $1,099,500 2000 Profits: $132,100 Stock Ticker: CGI 1999 Sales: $987,500 1999 Profits: $101,600 Employees: 1,719 1998 Sales: $852,300 1998 Profits: $96,400 Fiscal Year Ends: 12/31 1997 Sales: $841,100 1997 Profits: $96,200
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Y Profit Sharing: Top Exec. Salary: $660,000 Bonus: $191,465 Stock Purch. Plan: Second Exec. Salary: $360,000 Bonus: $95,733 Offers a full line of insurance products/Largest writer of personal property and casualty insurance in Massachusetts.
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
LOCATIONS: ("Y" = Yes) West: Y
Southwest:
Midwest:
Southeast:
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
268
www.plunkettresearch.com
COMMERCIAL FEDERAL CORP
www.comfedbank.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 55
Profits: 62
Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y Y Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking/Savings Associations Real Estate Development Services Mortgage Banking Trust and Investment Services Insurance
Commercial Federal Corporation is the holding company for principal subsidiary Commercial Federal Bank, a federal savings bank headquartered in Omaha, Nebraska, which operates 241 bank offices in 8 states. The bank is one of the largest retail financial institutions in the Midwest and one of the largest publicly-held savings associations in the U.S. Commercial Federal Corp. offers commercial, consumer and mortgage banking, insurance, real estate development services and trust and investment services through its subsidiaries. The company has entered a period of restructuring following several management changes. In order to lower risk and to structure the company more like a commercial bank, Commercial Federal has changed the fiscal year from June 30 to December 31, accelerated the sale of various pieces of real estate and restructured management to streamline the organization. Implementing these actions resulted in improved operating margins, a more stable balance sheet and an increase in operational efficiency. The company offers employees medical, dental and life insurance, as well as employee counseling programs and tuition reimbursement.
BRANDS/DIVISIONS/AFFILIATES: Commercial Federal Bank Commercial Federal Mortgage Corporation Commercial Federal Insurance Corporation Baker's Supermarket Commercial Federal Realty Corporation Midland Bank AmerUs Bank First Colorado Bancorp, Inc.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. William A. Fitzgerald, CEO Robert J. Hutchinson, Pres. Robert J. Hutchinson, COO David S. Fisher, CFO Roger L. Lewis , Exec. VP-Mktg. Peter J. Purcell, CIO Kevin C. Parks, VP-Audit and Risk Services
Phone: 402-554-9200 Fax: 402-390-5256 Toll-Free: 800-562-3428 Address: 2120 S. 72nd St., Omaha, NE 68124-2323 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $752,300 ( 9 months) 2001 Profits: $72,600 ( 9 months) 2000 Sales: $1,029,500 2000 Profits: $104,000 Stock Ticker: CFB 1999 Sales: $940,900 1999 Profits: $92,400 Employees: 3,152 1998 Sales: $735,883 1998 Profits: $67,333 Fiscal Year Ends: 12/31 1997 Sales: $688,737 1997 Profits: $54,884
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Y Profit Sharing: Top Exec. Salary: $590,106 Stock Purch. Plan: Second Exec. Salary: $218,750 One of the largest retail financial institutions in the Midwest.
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Apparent Women Officers or Directors: Hot Spot for Advancement for Women/Minorities: Y
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast:
Bonus: Bonus:
$ $
Northeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
www.plunkettresearch.com
269
COMMONWEALTH BANCORP INC www.commonwealthbank.com Industry Group Code: 522110 Ranks within this company's industry group: Sales: 107 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 102
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking/Savings Association Wealth Counseling Mortgages
Commonwealth Bancorp, Inc., a Pennsylvania corporation, is the holding company for Commonwealth Bank, a federally chartered stock savings bank. The bank conducts business from its executive offices in Norristown, Pennsylvania and 60 full-service offices located in southeastern Pennsylvania. Commonwealth Bank focuses on relationship banking by cross-selling services to new and established customers. These include a variety of loan and deposit products for individuals and businesses. Commonwealth Bank also provides other financial instruments, such as annuity products and mutual funds, through arrangements with third parties. ComNet Mortgage Services, a division of Commonwealth Bank, offers services through loan origination offices located in Pennsylvania, Maryland and New Jersey. ComNet also operates through its wholesale network, which includes correspondents located mainly in the eastern U.S. The company's loans principally consist of conventional loans, which are secured by first liens on single-family residences. Commonwealth Bancorp recently acquired certain business interests of the Tyler Group, a firm offering financial planning and investment advisory services, which are now offered under the name Tyler Wealth Counselors. The company offers employees health and welfare plans as well as management recognition plans, in which shares of stock are rewarded to eligible employees.
BRANDS/DIVISIONS/AFFILIATES: Commonwealth Bank ComNet Mortgage Services, Inc. Homestead Mortgage Corp. CFSL Investment Corp. Tyler Wealth Counselors Tyler Group
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Charles H. Meacham, CEO Patrick J. Ward, Pres. Patrick J. Ward, COO Charles M. Johnston, CFO Brian J. Maguire, VP-Mktg. Ellen L. Benson, VP-Human Resources David K. Griest, CIO Robert D. Kane, Controller Kathleen J. Lippincott, VP-Oper. Support Services Cynthia Mullen, VP-Comm. Rel. Theodore T. Aicher, Treas. William J. Monnich, VP-Community Banking Brian C. Zwaan, VP-Commercial Lending
Phone: 610-313-1600 Fax: 610-313-2134 Toll-Free: 800-327-9885 Address: Commonwealth Bank Plaza, 2 West Lafayette Street, Norristown, PA 19401 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $111,700 ( 9 months) 2001 Profits: $9,600 ( 9 months) 2000 Sales: $158,100 2000 Profits: $15,300 Stock Ticker: CMSB 1999 Sales: $170,900 1999 Profits: $16,700 Employees: 802 1998 Sales: $185,050 1998 Profits: $10,932 Fiscal Year Ends: 12/31 1997 Sales: $176,818 1997 Profits: $16,369
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Y Profit Sharing: Y Top Exec. Salary: $387,218 Stock Purch. Plan: Second Exec. Salary: $235,387 Offers a variety of products and services.
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Apparent Women Officers or Directors: 3 Hot Spot for Advancement for Women/Minorities: Y
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Southeast:
Bonus: Bonus:
$142,314 $86,298
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
270
www.plunkettresearch.com
COMPASS BANCSHARES INC
www.compassweb.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 42 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Y
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 37
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Insurance Products Discount Brokerage
Compass Bancshares is the holding company for Compass Bank. It is one of the top 40 U.S. bank holding companies by asset size and ranks among the top earners of its size based on return on equity. Compass Bank provides checking, savings, deposit accounts, trusts and insurance products through its 340 bank offices in Texas, Alabama, Arizona, Florida, Colorado, New Mexico and Nebraska. The company also operates loan production offices in Georgia and Tennessee. In addition to its regular banking activities, Compass Bank provides correspondent banking services, including educational seminars and operational and investment services, to approximately 1,000 financial institutions located throughout the U.S. The bank’s subsidiary, Compass Brokerage, Inc., also provides discount brokerage services, mutual funds and variable annuities to individuals and businesses. Another bank subsidiary, Compass Financial Corp., offers lease financing services to individuals and businesses. Compass Insurance Agency provides insurance products to customers of the bank and owns real estate for bank premises. The company recently acquired Horizons Insurance Group, Inc., an insurance agency specializing in providing property and casualty insurance, personal insurance, employee benefit plans and financial planning for businesses and individuals.
BRANDS/DIVISIONS/AFFILIATES: Compass Bank Compass Brokerage, Inc. Compass Financial Corp. Compass Insurance Agency Horizons Insurance Group, Inc.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. D. Paul Jones, Jr., CEO Garrett R. Hegel, CFO E. Lee Harris, Jr., Exec. VP-Human Resources Clayton D. Pledger, CIO James D. Barri, Exec. VP-Retail Banking George M. Boltwood, Exec. VP-Corp. Banking D. Stevenson Ferguson, Jr., Exec. VP-Asset Management G. Ray Stone, Chief Credit Policy Officer
Phone: 205-297-3000 Fax: 205-715-7363 Toll-Free: Address: 15 S. 20th St., Birmingham , AL 35233 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $1,431,100 ( 9 months) 2001 Profits: $198,300 ( 9 months) 2000 Sales: $1,731,700 2000 Profits: $240,600 Stock Ticker: CBSS 1999 Sales: $1,512,600 1999 Profits: $223,900 Employees: 6,700 1998 Sales: $1,377,500 1998 Profits: $187,800 Fiscal Year Ends: 12/31 1997 Sales: $1,247,000 1997 Profits: $166,200
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Profit Sharing:
Top Exec. Salary: $742,992 Second Exec. Salary: $454,991
Bonus: Bonus:
$222,898 $104,819
Good record of profitable growth.
Apparent Women Officers or Directors: Hot Spot for Advancement for Women/Minorities:
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Northeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
www.plunkettresearch.com
COMPUCREDIT CORPORATION
www.compucredit.com
Industry Group Code: 522210 Ranks within this company's industry group: Sales: 7 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
271 Profits: 5
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
Y
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Credit Card Issuing Insurance Travel Service
CompuCredit is a credit card company that uses analytical techniques, including sophisticated computer models, to target a consumer credit market that is generally underserved by traditional grantors of credit. Some of these consumers have had delinquencies, a default or a bankruptcy in their credit histories while others in this target market are establishing or expanding their credit. CompuCredit markets unsecured general purpose credit cards, including its Aspire brand credit card, to more than 2.2 million customers worldwide through direct mail, television, telemarketing and the Internet. The company also offers other fee-based products including card registration, memberships in preferred buying clubs, magazines, travel services and credit life, disability and unemployment insurance. The securitization of its credit card receivables fund's the company's operations and increases the size of its business. A securitization transaction involves grouping and packaging assets, such as credit card receivables, into securities that are then sold to investors. CompuCredit outsources to Columbus Bank and Trust and its affiliate, Total Systems Services, Inc. (Total Systems), account processing and servicing functions such as card embossing/mailing, fraud detection, cycle billing, payment processing and transaction processing. Recent drops in consumer spending have adversely affected the company, forcing it to reduce its work force slightly. CompuCredit employees receive comprehensive benefits packages including medical, dental and vision coverage, short and long-term disability coverage and life insurance.
BRANDS/DIVISIONS/AFFILIATES:
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. David G. Hanna, CEO Richard R. House, Jr., Pres. Richard W. Gilbert, COO Ashley L. Johnson, CFO Jennifer Durden, Human Resources K.K. Srinivasan, Chief Credit Officer
Phone: 770-206-6200 Fax: 770-206-6186 Toll-Free: 888-522-2278 Address: 245 Perimeter Center Pkwy., Ste. 600, Atlanta, GA 30346 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $167,800 ( 9 months) 2001 Profits: $36,000 ( 9 months) 2000 Sales: $242,060 2000 Profits: $82,374 Stock Ticker: CCRT 1999 Sales: $158,754 1999 Profits: $64,103 Employees: 525 1998 Sales: $59,659 1998 Profits: $23,617 Fiscal Year Ends: 12/31 1997 Sales: $ 1997 Profits: $
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Profit Sharing:
Top Exec. Salary: $ Second Exec. Salary: $
Bonus: Bonus:
$ $
Targets a niche market.
Apparent Women Officers or Directors: 2 Hot Spot for Advancement for Women/Minorities: Y
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Southeast: Y
Northeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
272
www.plunkettresearch.com
CONCORD EFS INC
www.ceft.com
Industry Group Code: 522320 Ranks within this company's industry group: Sales: 5 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Y
Profits: 2
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Y Y
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards : Payment Processing:
Y Y
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Electronic Payment Processing, Financial Services Verification Terminals ATM Network Data Capture Funds Transfer Services Fuel Cards
Concord EFS, Inc. is a vertically-integrated electronic transaction processor, providing transaction authorization, data capture and funds transfer services to financial institutions, supermarkets, petroleum retailers, convenience stores and other independent retailers. The company utilizes a balanced marketing approach through the use of internal marketing specialists, independent sales representatives and a number of independent sales organizations in order to provide broader access to new merchant customers and portfolio acquisition opportunities nationwide. Concord believes that the most promising growth opportunities currently exist in small retail merchant chains in specialized markets and in the acquisition of merchant processing portfolios developed by smaller processing service providers. The firm’s EFS National Bank (EFSNB) subsidiary sells credit, debit and electronic benefits transfer card authorization, data capture and settlement services to retailers and grocery stores. EFSNB also sells fuel card and cash forwarding services to trucking companies through a number of agreements with a network of truck stops. Additionally, the subsidiary’s established relationships with truck stop owners created an opportunity to sell the placement of ATMs at truck stops, which in turn gave the subsidiary a chance to sell its integrated processing and banking services to truck drivers. Moreover, Concord’s Electronic Payment Services, Inc. (EPS) subsidiary provides transaction-processing services to financial institutions and retailers throughout the U.S. Furthermore, EPS owns and operates electronic data processing and data capture networks that process transactions originating at ATMs and point-of-sale terminals. Concord recently acquired The Logix Companies, LLC, an innovative electronic processor and service provider based in Colorado. The company offers employees medical and dental coverage, tuition reimbursement and business casual attire.
BRANDS/DIVISIONS/AFFILIATES: EFS National Bank Electronic Payment Services, Inc. Concord Computing Corporation Concord Equipment Sales, Inc. EFS Federal Savings Bank The Logix Companies, L.L.C. American Bankcard International Card Payment Systems
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Dan M. Palmer, CEO Edward A. Labry III, Pres. Vickie Brown, COO Edward T. Haslam, CFO Christopher Reckert, VP-Mktg. Beth Harper, Dir.-Human Resources Steve A. Lynch, CIO Richard M. Harter, Corp. Sec. Andre Blythe, Sr. VP-Customer Support Vicki Birdsong, Sr. VP-Product Mgmt. Ryan Ramey, Sr. VP-Transportation Services William E. Lucado, Chief Investment & Compliance Officer
Phone: 901-371-8000 Fax: 901-371-8050 Toll-Free: Address: 2525 Horizon Lake Dr., Ste. 120, Memphis , TN 38133 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $1,233,400 ( 9 months) 2001 Profits: $126,700 ( 9 months) 2000 Sales: $1,229,434 2000 Profits: $187,475 Stock Ticker: CEFT 1999 Sales: $889,941 1999 Profits: $109,970 Employees: 2,119 1998 Sales: $666,547 1998 Profits: $91,056 Fiscal Year Ends: 12/31 1997 Sales: $507,736 1997 Profits: $60,763
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Profit Sharing:
Top Exec. Salary: $683,654 Second Exec. Salary: $233,654 Advanced transaction processing services/Very rapid growth.
Apparent Women Officers or Directors: 3 Hot Spot for Advancement for Women/Minorities: Y
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Bonus: Bonus:
$175,000 $195,000
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
www.plunkettresearch.com
273
CONNECTICUT BANCSHARES INC
www.sbmct.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 121 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 129
Insurance/Finance: Leasing: Consumer Loans: Busines s Finance: Mortgages: Insurance:
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking/Savings Associations Real Estate Investment Mortgages
Connecticut Bancshares, Inc. is the holding company for the Savings Bank of Manchester. The bank operates 23 offices in the state of Connecticut. It accepts retail deposits from the general public and uses those funds, together with funds generated from operations and borrowings, to originate residential mortgage loans, commercial loans and consumer loans, primarily home equity loans and lines of credit. Connecticut Bancshares owns and operates SBM, Ltd., a subsidiary that acquires, holds and disposes of real estate acquired through foreclosure. The company created subsidiary 923 Main, Inc. in order to maintain the ownership interest in a third party registered broker-dealer, Infinex Financial Group. The Savings Bank of Manchester Mortgage Company, Inc. services and holds loans secured by real property. Connecticut Bancshares recently acquired the First Federal Savings and Loan Association of East Hartford and merged it into the bank. The company operates two charitable organizations: the Savings Bank of Manchester Foundation, Inc. and the SBM Charitable Foundation, Inc. Both provide grants to individuals and not-for-profit organizations within the communities the bank serves.
BRANDS/DIVISIONS/AFFILIATES: Savings Bank of Manchester SBM, Ltd. 923 Main, Inc. Infinex Financial Group Savings Bank of Manchester Mortgage Company, Inc. Savings Bank of Manchester Foundation, Inc. SBM Charitable Foundation, Inc. First Federal Savings and Loan Association
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Richard P. Meduski, CEO Richard P. Meduski, Pres. Michael Hartl, CFO Charles L. Pike, Senior Loan Officer Douglas K. Anderson, Exec. VP Roger A. Somerville, Sr. VP-Commercial Lending
Phone: 860-646-1700 Fax: 860-645-2696 Toll-Free: Address: 923 Main St., Manchester, CT 06040 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $84,700 ( 9 months) 2001 Profits: $7,700 ( 9 months) 2000 Sales: $105,400 2000 Profits: $7,400 Stock Ticker: SBMC 1999 Sales: $88,200 1999 Profits: $8,800 Employees: 377 1998 Sales: $89,100 1998 Profits: $9,300 Fiscal Year Ends: 12/31 1997 Sales: $85,400 1997 Profits: $10,200
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Y Profit Sharing: Stock Purch. Plan: Steady profits/Diverse services.
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Apparent Women Officers or Directors: Hot Spot for Advancement for Women/Minorities:
Top Exec. Salary: $330,750 Second Exec. Salary: $220,329
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Southeast:
Bonus: Bonus:
$125,000 $50,700
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
274
www.plunkettresearch.com
CONSECO INC
www.conseco.com
Industry Group Code: 524113 Ranks within this company's industry group: Sales: 22 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Y
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 111
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Insurance Company - Underwriting Retirement Annuities Universal Life Insurance Health Insurance Investment Management
Conseco, Inc. is a financial services holding company that develops, markets and administers annuity, individual health insurance and individual life insurance products. Conseco has attempted to supplement its growth by acquiring companies with what they consider to be niche products, strong distribution systems and progressive management teams. In 1998, Conseco acquired Green Tree Financial Corporation, a company that specializes in home equity loans, home improvement loans, manufactured housing loans and recreational vehicle loans. Unfortunately, Green Tree has has created numerous financial problems for Conseco. Conseco is now concentrating on a national brand-building effort to put all of its diverse services under one name and gain more recognition in the industry. It has completely restructured its management and much of its operations. Conseco plans to sell its individual and group major medical insurance lines and certain no-strategic assets in order to reduce debt. The company has also announced its intent to sell its interests in TeleCorp PCS, Inc., its interest in a riverboat casino in Indiana and its subprime auto loan portfolio. In mid 2000, Conseco announced that it would layoff 22% of its workforce.
BRANDS/DIVISIONS/AFFILIATES: Conseco Private Capital Group, Inc. American Travellers Corp. Conseco Capital Management, Inc. Conseco Services, LLC Conseco Risk Management, Inc. Conseco Global Investments, Inc. Conseco Mortgage Capital, Inc. Green Tree Financial Corporation
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Gary C. Wendt, CEO William J. Shea, Pres. William J. Shea, COO Charles B. Chokel, CFO Stewart A. Stockdale, Chief Mktg. Officer Richard H. Kremer, VP-Human Resources Richard M. Maybin, CIO David K. Herzog, Corp. Sec. David K. Herzog, General Counsel David Gubbay, VP-Bus. Dev. R. Mark Lubbers, VP-Corp. Affairs Tammy M. Hill, VP- Investor Rel. James S. Adams , Treas. Edward M. Berube, Pres., Bankers Life and Casualty Maxwell E. Bublitz, Pres., Conseco Capital Management James J. Carey, Pres., Life Elizabeth C. Georgakopoulos, Pres., Supplemental Health
Phone: 317-817-6100 Fax: 317-817-2847 Toll-Free: 800-426-6732 Address: 11825 N. Pennsylvania St., Carmel, IN 46032 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $6,066,200 ( 9 months) 2001 Profits: $-349,100 ( 9 months) 2000 Sales: $8,296,400 2000 Profits: $-1,070,600 Stock Ticker: CNC 1999 Sales: $8,335,700 1999 Profits: $593,500 Employees: 14,300 1998 Sales: $7,716,000 1998 Profits: $459,300 Fiscal Year Ends: 12/31 1997 Sales: $6,872,200 1997 Profits: $844,500
SALARIES/BENEFITS: Pension Plan: Y Savings Plan:
ESOP Stock Plan: Stock Purch. Plan:
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Profit Sharing:
Top Exec. Salary: $610,000 Bonus: $3,375,000 Second Exec. Salary: $601,200 Bonus: $900,000 Is restructuring management and operations in an effort to overcome recent financial problems.
Apparent Women Officers or Directors: 2 Hot Spot for Advancement for Women/Minorities: Y
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
www.plunkettresearch.com
275
CONSUMER PORTFOLIO SERV www.consumerportfolio.com Industry Group Code: 522220A Ranks within this company's industry group: Sales: 9 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 12
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Automobile Financing
Consumer Portfolio Services, Inc. (CPS) is a consumer finance company that purchases, sells and services retail automobile installment contracts. These contracts originate from licensed motor vehicle dealers in the sale of new and used automobiles, light trucks and passenger vans. Through its purchases, the company provides indirect financing to dealership customers with limited credit histories, low incomes or past credit problems. CPS serves as an alternative source of financing for the dealers, allowing sales to customers who otherwise might not be able to obtain financing. Instead of lending money directly to consumers, the company purchases installment contracts from the dealerships. These contracts are then pooled and sold to investors in the form of asset-backed securities, while CPS continues to retain an economic interest in the performance of the pools and maintains service of the contracts. Recently, the company announced the acquisition of MFN Financial Corp., effectively doubling the size of its servicing portfolio and servicing capacity. The merger will also increase the range of products CPS provides to the automobile dealership community.
BRANDS/DIVISIONS/AFFILIATES: MFN Financial Corp.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Charles E. Bradley, Jr., CEO Charles E. Bradley, Jr., Pres. David Kenneally, CFO Rod Rifai, Sr. VP-Mktg. Dottie Warren, VP-Human Resources Kris I. Thomsen, Sr. VP-Systems Mark A. Creatura, General Counsel William L. Brummund, Jr., Sr. VP-Admin. Thurman Blizzard, Sr. VP-Risk Mgmt. Nicholas P. Brockman, Sr. VP-Collections Curtis K. Powell, Sr. VP-Contract Originations
Phone: 949-753-6800 Fax: 949-753-4846 Toll-Free: Address: 16355 Laguna Canyon, Irvine, CA 92618 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $47,900 ( 9 months) 2001 Profits: $ 700 ( 9 months) 2000 Sales: $36,000 2000 Profits: $-22,100 Stock Ticker: CPSS 1999 Sales: $14,800 1999 Pr ofits: $-44,500 Employees: 541 1998 Sales: $126,300 1998 Profits: $25,700 Fiscal Year Ends: 12/31 1997 Sales: $75,300 1997 Profits: $18,500
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Profit Sharing:
Top Exec. Salary: $525,000 Second Exec. Salary: $191,000
Bonus: Bonus:
$750,000 $116,000
Acquisition of MFN Financial.
Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
276
www.plunkettresearch.com
CORE INC
www.coreinc.com
Industry Group Code: 621999 Ranks within this company's industry group: Sales: 1 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 1
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Y
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
Y
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Utilization Management-Health Care Health Benefit Management Physician Review Services Case Management Disability Management Programs
CORE, Inc. is a leading business-to-business solutions company focused on employee productivity, covering 1.7 million employees nationwide. The company is the largest independent provider of absence reporting and clinical management services for U.S. employers. The firm is also the largest provider of turnkey disability reinsurance and management services to middle-market insurance carriers. In addition, CORE offers independent phys ician review to managed care organizations and insurance companies, featuring a nationwide network of 375 physicians and allied health specialty providers. In fact, the firm’s Peer Review Analysis division is one of the nation’s largest external specialty review organizations. Peer Review Analysis emphasizes intensive centralized review by a staff of highly qualified reviewers in all major specialties. The division’s approach results in significant cost savings for its clients, without limiting access to necessary care or compromising the quality of care available to patients. Peer Review Analysis was one of the first external review organizations to receive accreditation from the American Accreditation HealthCare Commission. The company’s subsidiary Social Security Disability Consultants (SSDC) provides a comprehensive service to assist disabled individuals with their claims for Social Security Disability Insurance. Moreover, SSDC provides representation assistance with Social Security claims and appeals, claim file reviews and the design of integrated Social Security assistance programs. Apple Computer, Bristol-Myers Squibb Company, General Electric Company, Motorola and SBC Communications are among the company’s most notable clients. CORE recently introduced a new online Family and Medical Leave Administration product, a web-based service that provides 24-hour case initiation, instant eligibility determinations and access to real-time absence status information for supervisors and employees. CORE, Inc. offers its employees tuition reimbursement, life, health and dental insurance and flexible spending accounts.
BRANDS/DIVISIONS/AFFILIATES: Integrated Behavioral Health Disability Reinsurance Management Services, Inc. Social Security Disability Consultants, Inc. Cost Review Services, Inc. Protocol Work Systems, Inc. SSDC Corp. TCM Services, Inc. SBC Communications, Inc.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. George C. Carpenter, IV , CEO Craig C. Horton, Pres. Craig C. Horton, COO William E. Nixon, CFO/Exec. VP Barbara Davis, Dir.-Human Resources William E. Nixon, Treasurer Michael E. Darkoch, Sr. VP-Client Dev. Stuart T. Greer, General Mgr.-Peer Review Analysis R. Gary Dolenga, Pres., SSDC Craig C. Horton, General Mgr., WorkAbility
Phone: 949-442-2100 Fax: 949-442-2102 Toll-Free: 800-258-2673 Address: 18881 Von Karman Ave., Ste. 1750, Irvine, CA 92612 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 3 months. 2001 Sales: $17,300 ( 3 months) 2001 Profits: $ 500 ( 3 months) 2000 Sales: $63,980 2000 Profits: $- 723 Stock Ticker: Subsidiary 1999 Sales: $64,130 1999 Profits: $1,740 Employees: 925 1998 Sales: $45,609 1998 Profits: $-3,760 Fiscal Year Ends: 12/31 1997 Sales: $38,507 1997 Profits: $2,752
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Y Profit Sharing: Top Exec. Salary: $ Stock Purch. Plan: Second Exec. Salary: $ Steady revenue growth/Comprehensive care management services.
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Apparent Women Officers or Directors: 2 Hot Spot for Advancement for Women/Minorities: Y
LOCATIONS: ("Y" = Yes) West: Y
Southwest:
Midwest: Y
Bonus: Bonus:
Southeast:
$ $
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
www.plunkettresearch.com
277
CORILLIAN
www.corillian.com
Industry Group Code: 511200 Ranks within this company's industry group: Sales: 6 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Y Y
Profits: 4
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Software-Financial Services Consulting Application Hosting
Corillian Corporation is a global provider of e-finance solutions to financial institutions. The company’s software and professional services enable banks, brokers, financial portals and other financial institutions to rapidly deploy Internet-based financial services. Corillian’s software solutions allow consumers to conduct financial transactions, view personal and market financial information, pay bills and access other financial services via the Internet. The firm’s premier product, Corillian Voyager, is a server-based platform that enables Internet banking, electronic bill presentation and payment, target marketing, data aggregation and online customer relationship management. The firm recently introduced its Voyager Standard Edition (SE), which is tailored to the specific needs of small to mid-sized financial institutions. Major Voyager customers include Chase Manhattan Bank, Bank One, Wachovia Bank and SunTrust Bank. The firm recently licensed its Voyager platform to Comerica, Inc., one of the largest banking institutions in the U.S. In addition, Corillian recently deployed Voyager to Allstate Bank, its first insurance customer. Customers can access the software through Internet browsers, personal financial managem ent software such as Microsoft Money or Quicken and wireless devices, such as mobile phones or personal digital assistants (PDAs). Voyager currently has more than 5.3 million end users on its software platforms.
BRANDS/DIVISIONS/AFFILIATES: Corillian International, Ltd. Corillian Services, Inc. Voyager
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Ted Spooner, CEO Alex Hart, Pres. Andrew White, COO Steven Sipowicz, CFO Chris Brooks, Chief Tech. Officer Matt Cone, Chief Evangelist Martin Davis, Exec. VP-Int'l
Phone: 503-629-3300 Fax: 503-617-2981 Toll-Free: 800-863-6445 Address: 3400 NW John Olsen Place, Hillsboro, OR 97124 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 12 months. 2001 Sales: $53,800 (12 months) 2001 Profits: $-49,300 (12 months) 2000 Sales: $30,900 2000 Profits: $-33,300 Stock Ticker: CORI 1999 Sales: $7,700 1999 Profits: $-10,000 Employees: 1998 Sales: $3,400 1998 Profits: $-1,800 Fiscal Year Ends: 12/31 1997 Sales: $ 400 1997 Profits: $-1,400
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Profit Sharing: Stock Purch. Plan: Y Very large customer base.
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Apparent Women Officers or Directors: Hot Spot for Advancement for Women/Minorities:
Top Exec. Salary: $ Second Exec. Salary: $
LOCATIONS: ("Y" = Yes) West: Y
Southwest:
Midwest:
Bonus: Bonus:
Southeast:
$ $
Northeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International: Y
278
www.plunkettresearch.com
COUNTRYWIDE CREDIT INDUSTRIES INC www.countrywide.com Industry Group Code: 522310 Ranks within this company's industry group: Sales: 3 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Y
Profits: 3
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Y
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Mortgages Processing and Technology Title Insurance Home Owners and Life Insurance Loan Servicing Real Estate Investment Trust Financial Services/Securities Broker
Countrywide Credit Industries, Inc. is the largest independent residential mortgage lending and servicing firm in the United States. It produces prime-credit mortgages for single-family homes and offers sub prime and home equity loans, as well as insurance and financial products. The company serves over 2 million borrowers through over 500 offices, the Internet and a joint venture in Europe. Countrywide Home Loans is the firm’s largest subsidiary, and offers mortgage products to homebuyers through three loan production divisions. Countrywide produces conventional mortgages that conform to Fannie Mae and Freddie Mac guidelines, as well as nonconforming, FHA and VA mortgages. Home equity products are offered independently or in conjunction with newly produced first-lien mortgages. Through its LandSafe group of companies, Countrywide offers loan closing services and products such as appraisal services, credit reporting, home warranty insurance, flood certificate determinations and home inspections. The company's Fast and Easy Loan program allows buyers to apply for a loan without providing documentation of income or assets. The program greatly reduces loan processing time and effort, and has positioned the company as a superior competitor in the market. Recently, the firm acquired Treasury Bank, through its financial holding subsidiary Effinity Financial Corporation. The acquisition strengthens Countrywide’s market position as a full services financial products provider, by enabling it to offer a wide selection of depository products. Distribution channels will be used that place an emphasis on the Internet as well as existing business communication lines. Countrywide provides employees with discount mortgage and insurance opportunities, education reimbursement, fitness centers, and credit union membership. An employee referral program is also available, and the firm has business casual Fridays.
BRANDS/DIVISIONS/AFFILIATES: Countrywide Agency, Inc. Countrywide Capital Markets, Inc. CTC Foreclosure Services Corp. LandSafe Title, Inc. Full Spectrum Lending Global Home Loans, Ltd. Treasury Bank Countrywide Home Loans, Inc.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Angelo R. Mozilo, CEO Angelo R. Mozilo, Pres. Stanford L. Kurland, COO Carlos M. Garcia, CFO Andrew S. Bielanski, Dir.-Mktg. Anne D. McCallion, Dir.-Human Resources Richard Jones, Chief Tech. Officer David Sembol, Sr. Managing Dir.-Production Sandor Samuels, Corp. Sec. Sandor Samuels, General Counsel Anne McCallion, Chief Admin. Officer David Bigelow , Exec. VP-Strategic Planning Eric P. Sieracki, Dir.-Comm., Corp. Finance Nancy Parker, VP-Investor Rel. Thomas K. McLaughlin, Treas. Kevin W. Bartlett, Sr. Managing Dir.-Secondary Markets Marshall Gates, Dir.-Developing Markets
Phone: 818-225-3000 Fax: 818-225-4051 Toll-Free: 800-556-9568 Address: 4500 Park Granada, Calabasas , CA 91302-1613 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 12 months. 2001 Sales: $2,056,321 (12 months) 2001 Profits: $374,153 (12 months) 2000 Sales: $1,870,873 2000 Profits: $410,243 Stock Ticker: CCR 1999 Sales: $1,804,388 1999 Profits: $385,401 Employees: 12,090 1998 Sales: $1,339,987 1998 Profits: $344,983 Fiscal Year Ends: 2/28 1997 Sales: $957,867 1997 Profits: $257,358
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Y Stock Purch. Plan: Y
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Profit Sharing:
Top Exec. Salary: $1,400,000 Second Exec. Salary: $781,396 Nation's leading independent residential mortgage lender.
Apparent Women Officers or Directors: 2 Hot Spot for Advancement for Women/Minorities: Y
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Bonus: Bonus:
$4,210,970 $1,090,800
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International: Y
www.plunkettresearch.com
CRAWFORD & COMPANY
www.crawfordandcompany.com
Industry Group Code: 541219 Ranks within this company's industry group: Sales: 1 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
279 Profits: 1
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Y
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
Y
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Outsourcing-Financial Services Related Insurance Adjustment Services Managed Workers' Compensation Case Management Risk Analysis Outcomes Management Claims Management Statistical and Financial Reporting
Atlanta, Georgia-based Crawford & Company (Crawford) provides strategic solutions for managing risks and controlling risk-related costs, primarily to the insurance industry. The company’s British-based units offer lossadjusting, claims management and risk survey and valuation services. The firm is the world's largest independent risk and insurance claims management organization, employing more than 10,000 professionals in over 700 cities in 65 countries. The company’s services are mainly provided to insurance companies, self-insured corporations and government entities. In addition to its XPressLink initial claims reporting services, the firm provides claims management, evaluation and resolution services. Clients turn to Crawford for statistical and financial reporting, medical claims auditing services, review, vocational evaluation and case management services. The company’s Risk Sciences Group offers computer-based information systems and analytical forecasting. Recently, Crawford has been expanding on the international front. Crawford Resin Brazil, a subsidiary, has opened new offices in Rio de Janeiro and Santos that specialize in property and casualty as well as marine cargo lines of business. Crawford & Company-Nederland acquired the adjusting firm SVS Experts B.V., located in Amsterdam. SVS specializes in the areas of construction and business insurance claims. Elsewhere, Crawford Adjusters Canada purchased Leonard, Hirst & Miller Adjusters, a multi-line adjusting firm based in Alberta, Canada. The firm is committed to professional education of employees. Crawford invests millions of dollars each year in training and technology in order to enhance em ployee expertise. Employees are encouraged to pursue continuing education opportunities including industry certification and accreditation. All new-hire adjusters, case managers and appraisers take a mandatory orientation program at the company’s Crawford University. The firm also provides on-the-job mentoring programs, which emphasize leadership development skills.
BRANDS/DIVISIONS/AFFILIATES: Thomas Howell Group Crawford-THG LTD Risk Sciences Group Leonard, Hirst & Miller Adjusters, Ltd XPressLink SVS Experts B.V. Crawford Resin Brazil Sun Trust Banks
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Grover L. Davis, CEO James A. McGee, Pres-Domestic Oper. Grover L. Davis, COO John Giblin, Exec. VP-CFO William L. Beach, Sr. VP-Human Resources Howard L. Rogers, Exec. VP-Tech. Services J.F. Osten, Exec. VP-Corp. Sec. J.F. Osten, Exec. VP-General Counsel Jeffrey T. Bowman, Pres.-Int'l Oper. Victoria Holland, Exec.VP-Healthcare Mgmt. Services Stephen V. Festa, Exec.VP-Risk Mgmt. Services Michael F. Reeves, Sr. VP-Managing Dir., U.K.
Phone: 404-256-0830 Fax: 404-847-4025 Toll-Free: 800-241-2541 Address: 5620 Glenridge Dr., NE, Atlanta, GA 30342 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $547,400 ( 9 months) 2001 Profits: $23,700 ( 9 months) 2000 Sales: $712,200 2000 Profits: $25,300 Stock Ticker: CRDA 1999 Sales: $701,900 1999 Profits: $39,300 Employees: 7,825 1998 Sales: $667,271 1998 Profits: $27,465 Fiscal Year Ends: 12/31 1997 Sales: $692,332 1997 Profits: $46,989
SALARIES/BENEFITS: Pension Plan: Y Savings Plan:
ESOP Stock Plan: Profit Sharing: Top Exec. Salary: $650,280 Stock Purch. Plan: Y Second Exec. Salary: $374,000 Significant growth through acquisitions.
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Bonus: Bonus:
$77,686 $61,268
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International: Y
280
www.plunkettresearch.com
CREDIT ACCEPTANCE CORP
www.credaccept.com
Industry Group Code: 522220 Ranks within this company's industry group: Sales: 4 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 4
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing: Y
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Automobile Financing Receivables Management Collection Services Sales Training Credit Life and Disability Insurance Reinsurance
Credit Acceptance Corporation (CAC) is a specialized financial services company that provides funding, receivables management, collection, sales training and related products to used automobile dealers that sell to consumers with bad or no credit. The Company's principal philosophy is to create a unique partnership with its dealers, providing them with an opportunity to sell vehicles to customers who need to establish or reestablish their credit. The Southfield, Michigan-based company, one of the largest subprime auto finance firms in the U.S., provides used-car loans through more than 6,100 usedcar dealers in the U.S. as well as in Canada, Ireland and the U.K. CAC also services the loans and provides dealers with risk assessment, fraud alert, computerized skip tracing, sales training and other services. Dealers who use CAC can also offer car buyers collateral protection, credit life and disability insurance, as well as vehicle service contracts. Subsidiary CAC Reinsurance, Ltd. acts as a reinsurer of coverages for the physical damages received by vehicles under the plans. Another subsidiary, Buyers Vehicle Protection Plan, Inc., operates as an administrator of vehicle service contract programs offered by dealers to consumers.
BRANDS/DIVISIONS/AFFILIATES: Credit Acceptance Corporation UK Buyers Vehicle Protection Plan, Inc. Credit Acceptance Corp. Property & Casualty Agency Credit Acceptance Life Insurance Co. Credit Acceptance Corporation Reinsurance, Ltd.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Donald A. Foss, CEO Michael W. Knoblauch, Pres. Brett A. Roberts , COO Douglas W. Busk, CFO Richard G. Vanderport, VP-Mktg. Stacey Koehler, Mgr.-Human Resources David S. Simmet, CIO John P. Cavanaugh, Corp. Controller Charles A. Pearce, General Counsel/VP Robert A. Derwa, VP-Oper. Thomas A. FitzSimmons, Managing Dir., Credit Acceptance Corp., U.K.
Phone: 248-353-2700 Fax: 248-353-9776 Toll-Free: 800-634-1506 Address: 25505 W. Twelve Mile Road, Ste. 3000, Southfield, MI 48034-8339 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $108,800 ( 9 months) 2001 Profits: $21,900 ( 9 months) 2000 Sales: $123,800 2000 Profits: $23,700 Stock Ticker: CACC 1999 Sales: $116,000 1999 Profits: $-10,700 Employees: 659 1998 Sales: $142,349 1998 Profits: $24,966 Fiscal Year Ends: 12/31 1997 Sales: $164,235 1997 Profits: $1,537
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Top Exec. Salary: $475,000 Second Exec. Salary: $304,000 Has relationships with over 3,000 automobile dealers.
Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
Profit Sharing:
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Bonus: Bonus:
$190,400 $49,333
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International: Y
www.plunkettresearch.com
281
CREDIT STORE INC (THE)
www.creditstore.com
Industry Group Code: 522210 Ranks within this company's industry group: Sales: 8 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Inves tment Mngmt.:
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 6
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
Y
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Credit Card Issuing High Risk Credit Cards
The Credit Store is a technology and information based financial services company that provides credit card products to consumers who may otherwise fail to qualify for a traditional unsecured bank credit card. Unlike traditional credit card companies, it focuses on consumers who have previously defaulted on debt and reach these consumers by acquiring their defaulted debt. Through direct mail and telemarketing operations, these consumers are offered an opportunity to settle their debt, typically at a discount, transfer the agreed settlement amount to a newly issued unsecured MasterCard or Visa credit card and establish a positive credit history on their newly issued card by making timely and consistent payments. Because the focus of the company is to convert defaulted debt into seasoned credit cards, the Credit Store periodically sells or securitizes portfolios of these seasoned accounts. The Credit Store is one of the top purchasers of nonperforming credit card accounts in the nation. The Credit Store offers employees a casual work environment with benefits including a savings plan and tuition reimbursement.
BRANDS/DIVISIONS/AFFILIATES: Credit Store Services, Inc. Credit Store Capital Corp. American Credit Alliance, Inc. TCS Funding IV, Inc. TCS Funding V, Inc. Credit Store Capital Corp.
CONTACTS: Note: Officers with more than one job title may b e intentionally listed here more than once. Kevin T. Riordan, Pres. Kevin T. Riordan, COO Michael J. Philippe, CFO/Exec. VP Patrick Steffl, VP-Mktg. Cynthia D. Hassoun, Corp. Sec./Sr. VP Richard S. Angel, General Counsel/Exec. VP Michael L. Neger, VP-Bus. Dev. Michael J. Phillipe, Treas. William Buriak, CIO/Sr. VP
Phone: 605-338-5530 Fax: 605-339-7514 Toll-Free: 800-240-1855 Address: 3401 North Louise Ave., Sioux Falls, SD 57107 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 12 months. 2001 Sales: $37,700 (12 months) 2001 Profits: $-5,100 (12 months) 2000 Sales: $40,700 2000 Profits: $3,100 Stock Ticker: CDS 1999 Sales: $37,600 1999 Profits: $3,900 Employees: 288 1998 Sales: $6,900 1998 Profits: $-29,400 Fiscal Year Ends: 5/31 1997 Sales: $ 1997 Profits: $
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Profit Sharing:
Top Exec. Salary: $300,000 Second Exec. Salary: $240,000
Bonus: Bonus:
$ $60,000
Successful targeting of niche market.
Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest: Y
Southeast:
Northeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
282
www.plunkettresearch.com
CREDIT SUISSE FIRST BOSTON
www.csfb.com
Industry Group Code: 523110 Ranks within this company's industry group: Sales: 6 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Y Y
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Y
Profits: 6
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Investment Management Investment Banking Stock Brokerage Venture Capital
Credit Suisse First Boston is a leading integrated investment and merchant bank serving institutional, corporate, government and individual clients. The company's businesses include securities underwriting, sales and trading, investment and merchant banking, financial advisory services, investment research, venture capital, correspondent brokerage services, online interactive brokerage services and asset management. Credit Suisse First Boston operates in more than 89 locations in 37 countries across the globe. The firm's parent company, Credit Suisse Group in Zurich, also owns business units including Winterthur Insurance, Winterthur Life & Pensions, Credit Suisse Banking, Credit Suisse Personal Finance and Credit Suisse e-Business, among others. Credit Suisse First Boston is organized into three major operating divisions: investment banking, securities and private equity. The firm's major acquisitions include Donaldson, Lufkin & Jenrette, Inc. and HOLT Value Associates LP. In recent news, Credit Suisse First Boston announced plans to cut $1 billion from its cost base, including the elimination of 2,442 jobs. In February 2002, the firm announced that it has sold its CSFBdirect online brokerage unit to Bank of Montreal. Despite its recent downturn, the company remains a major player in the financial services industry.
BRANDS/DIVISIONS/AFFILIATES: Credit Suisse Group Donaldson, Lufkin & Jenrette, Inc. HOLT Value Associates Winterthur Insurance Credit Suisse Banking Credit Suisse Personal Finance
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. John J. Mack, CEO Charles G. Ward, Pres. Richard E. Thornburgh, CFO Gary Lynch, Global General Counsel Christopher Carter, European Chairman Tony James, Banking Head Brady Dougan, Securities Head Jeffrey Salzman, Financial Services Head
Phone: 212-325-2000 Fax: 212-325-8249 Toll-Free: Address: 11 Madison Ave., New York, NY 10010 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for months. 2001 Sales: $ ( months) 2001 Profits: $ ( months) 2000 Sales: $12,194,000 2000 Profits: $1,412,000 Stock Ticker: Subsidiary 1999 Sales: $9,753,000 1999 Profits: $1,182,200 Employees: 17,664 1998 Sales: $6,713,000 1998 Profits: $-154,000 Fiscal Year Ends: 12/31 1997 Sales: $ 1997 Profits: $
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Top Exec. Salary: $500,000 Second Exec. Salary: $175,000 One of the world's leading investment banking companies.
Apparent Women Officers or Directors: Hot Spot for Advancement for Women/Minorities:
Profit Sharing:
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Bonus: Bonus:
$8,000,000 $8,500,000
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International: Y
www.plunkettresearch.com
283
CULLEN/FROST BANKERS INC
www.frostbank.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 70 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Y
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y Y Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 59
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Insurance Loans Discount Brokerage Trust Services Cash Management Investment Services Safe Deposit Boxes
Cullen/Frost Bankers, Inc. is the holding company for several financial services subsidiaries. The company’s primary subsidiary is Frost Bank, one of the largest banking institutions in Texas. The bank operates over 80 branches throughout the state. Frost Bank provides a number of consumer banking services, such as savings and checking accounts, home equity loans, ATMs, safe deposit boxes and discount brokerage services. Commercial banking services include corporate financing, equipment leasing and cash management services. The bank also provides a wide range of trust, investment, agency and custodial services for individual and corporate clients. These services include the administration of estates and personal trusts and the management of investment accounts for individuals, employee benefit plans and charitable foundations. In addition, Frost Bank also operates Frost Insurance Agency, Inc, which offers corporate and personal property and casualty insurance as well as group health and life insurance products to individuals and businesses. Aside from Frost Bank, Cullen/Frost owns several non-bank subsidiaries. Frost Securities, Inc. offers a full range of services including equity research, institutional sales, trading and investment banking services to institutional investors and corporate clients. Another subsidiary, Daltex General Agency, provides vendor’s single interest insurance.
BRANDS/DIVISIONS/AFFILIATES: Frost Bank Daltex General Agency, Inc. Main Plaza Corporation Frost Securities, Inc. Frost Insurance Agency, Inc.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Richard W. Evans, Jr., CEO Richard W. Evans, Jr., Pres. Philip D. Green, CFO Patrick B. Frost, Dir., Frost Bank
Phone: 210-220-4011 Fax: 210-220-4325 Toll-Free: 800-292-1292 Address: 100 W. Houston St., San Antonio, TX 78205 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note : Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $501,900 ( 9 months) 2001 Profits: $67,900 ( 9 months) 2000 Sales: $683,200 2000 Profits: $108,800 Stock Ticker: CFR 1999 Sales: $598,900 1999 Profits: $97,600 Employees: 3,394 1998 Sales: $564,600 1998 Profits: $75,600 Fiscal Year Ends: 12/31 1997 Sales: $505,800 1997 Profits: $73,000
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Profit Sharing:
Top Exec. Salary: $550,000 Second Exec. Salary: $260,000
Bonus: Bonus:
$400,000 $91,000
A leading banking institution in Texas.
Apparent Women Officers or Directors: Hot Spot for Advancement for Women/Minorities:
LOCATIONS: ("Y" = Yes) West:
Southwest: Y
Midwest:
Southeast:
Northeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
284
www.plunkettresearch.com
D&B
www.dnb.com
Industry Group Code: 561450 Ranks within this company's industry group: Sales: 2 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Y
Profits: 2
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing: Y
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Database Publishing-Financial Data Credit Bureau Bond Rating Services Business Directories Direct-Mail Lists and Services
D&B, formerly The Dun & Bradstreet Corporation, is a worldwide provider of business information and related decision-support services. It operates through offices in 37 countries, joint venture companies in four countries and independent correspondents in 150 countries. The company uses multiple channels to deliver its informationbased products and services to its customers. Its information and reports are available through the company’s Internet-based access tools, online information services, telephone, fax and D&B’s web site. Customers can also purchase software applications for use on PCs, in networks and on computer hosts. The firm provides its customers with tools to understand and manage their business information. One product, the D-U-N-S Number, is used to identify companies and company affiliations and to provide links to D&B’s database as well as other data. The company provides credit information solutions to help its customers extend commercial credit, approve loans and leases, underwrite insurance, evaluate clients and make other financial and risk assessment decisions. Customers can use the firm’s marketing information solutions to obtain business-to-business marketing information and analysis. D&B’s purchasing information solutions help customers understand their supplier base and evaluate new sources of supply. The company also offers its customers a full range of accounts receivable management services, which includes third party collection of accounts, demand letter writing services and receivable outsourcing programs. In recent news, D&B acquired Harris InfoSource International, Inc., a company known for its national database of profiles of manufacturers. D&B offers employees a range of benefits, including tuition reimbursement, personal insurance coverage, adoption assistance, a matching gifts program, merit scholarships and an employee assistance program.
BRANDS/DIVISIONS/AFFILIATES: Dun & Bradstreet Open Ratings, Inc. American International Group, Inc. Avantrust D&B Risk Mangement Solutions D&B Sales and Marketing Solutions iMarket, Inc. Harris InfoSource
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Allan Z. Loren, CEO Allan Z. Loren, Pres. Sara Mathew , CFO/Sr. VP Steve Alesio, Sr. VP-Global Mktg. Peter J. Ross, Sr. VP-Human Resources Cynthia Hamburger, Sr. VP/Chief Tech. Officer Chester J. Geveda, Jr., Controller/VP Patricia Clifforrd, Exec. Asst. to CEO and Pres. Deborah Prutzman, Sr. VP/General Counsel Steve Alesio, Sr. VP-Strategy Implementation Joanne Carson, VP-Comm. Roxanne Parker (Sandy), VP-Investor Rel. Roxanne Parker (Sandy), VP-Treasury Lawrence M. Kutscher, VP-B2B e-Commerce Bruno Le Proux de La Riviere, Pres.-D&B Europe Ron Klausner, Pres.-D&B Asia-Pacific/Latin America James T. Murphy, Pres.-D&B North America
Phone: 908-665-5000 Fax: 908-665-5803 Toll-Free: Address: 1 Diamond Hill Rd., Murray Hill, NJ 07974-1218 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $968,800 ( 9 months) 2001 Profits: $96,700 ( 9 months) 2000 Sales: $1,417,600 2000 Profits: $206,600 Stock Ticker: DNB 1999 Sales: $1,971,800 1999 Profits: $256,000 Employees: 10,100 1998 Sales: $1,934,500 1998 Profits: $280,100 Fiscal Year Ends: 12/31 1997 Sales: $1,811,000 1997 Profits: $184,000
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Y Profit Sharing: Y Top Exec. Salary: $558,722 Stock Purch. Plan: Y Second Exec. Salary: $342,659 The best-known name in business credit reporting.
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Apparent Women Officers or Directors: 5 Hot Spot for Advancement for Women/Minorities: Y
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Bonus: Bonus:
$282,030 $350,625
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International: Y
www.plunkettresearch.com
285
DELPHI FINANCIAL GROUP INC
www.delphifin.com
Industry Group Code: 522210 Ranks within this company's industry group: Sales: 5 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 7
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing: Y
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Employee Benefit Plans Disability and Absence Management Services Long-term Disability Insurance Special Accident Insurance Annuities
Delphi Financial Group, Inc. is a Delaware-based organization that provides integrated employee-benefit services. The company also supplies related insurance coverage which include short-term and long-term disability, primary and excess workers' compensation, group life and travel accident, as well as underwriting and other services. Delphi concentrates its efforts within certain niche insurance markets, primarily group employee benefits for small to mid-sized employers. The firm has also developed complementary investment management skills, which together with its insurance business, are aimed at achieving above average returns on the capital of the company. Moreover, Delphi's operating strategy has emphasized the acquisition of blocks of insurance businesses and insurance and financial services companies and the active management of its investment portfolio. The company's operations are conducted through three primary subsidiaries: Matrix Absence Management, which manages all programs that make payments for employee absences; Reliance Standard Life Insurance Company, which offers group coverage to employers; and the Safety National Casualty Corporation, which provides alternative risk funding products through independent insurance agents and brokers.
BRANDS/DIVISIONS/AFFILIATES: Reliance Standard Life Insurance Company Safety National Casualty Corporation First Reliance Standard Life Matrix Absence Management, Inc. Unicover Absence Solutions
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Robert Rosenkranz, CEO Robert Rosenkranz, Pres. Debra G. Staples, Human Resources Contact Linda Eike, Corp. Sec. Chad W. Coulter, General Counsel/VP Bernard J. Kilkelly, VP-Investor Rel. Thomas W. Burghart, Treas. Lawrence E. Daurelle, CEO/Pres.-Reliance Standard Life Insurance
Phone: 302-478-5142 Fax: 302-427-7993 Toll-Free: Address: 1105 N. Market St., Ste. 1230, Wilmington, DE 19899 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $483,500 ( 9 months) 2001 Profits: $55,100 ( 9 months) 2000 Sales: $512,886 2000 Profits: $-3,293 Stock Ticker: DFG 1999 Sales: $640,500 1999 Profits: $50,300 Employees: 871 1998 Sales: $603,626 1998 Profits: $87,035 Fiscal Year Ends: 12/31 1997 Sales: $537,819 1997 Profits: $74,982
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Profit Sharing:
Top Exec. Salary: $599,015 Second Exec. Salary: $319,000 Leader in providing group employee benefits.
Apparent Women Officers or Directors: 2 Hot Spot for Advancement for Women/Minorities: Y
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Bonus: Bonus:
$ $13,292
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
286
www.plunkettresearch.com
DELUXE CORP
www.dlx.com
Industry Group Code: 323000 Ranks within this company's industry group: Sales: 1 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Y Y
Profits: 1
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Y
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Check Printing Electronic Funds Transfer Tax Form Software Payment Systems Protection Services Direct Mail Checks Electronic Tax Filing Services
Deluxe Corporation, the #1 check printer in the U.S., is a Minnesota-based printing company. Deluxe is also a leading provider of electronic payment systems to financial and retail industries though the printing of checks and business forms. The company provides payment protection systems such as check authorization, account verification and collection services, as well as electronic payment systems such as electronic funds services, ATM solution systems and electronic benefits transfer services for state governments. Deluxe sold its specialty papers businesses to focus on financial services, and is continuing to expand overseas. With the growing popularity of ATMs and debit cards, Deluxe plans to streamline its check printing operations to nine plants (from more than 60 less than a decade ago) and focus on financial services. Through acquisitions and alliances, Deluxe leverages the information it collects about consumers to offer new services such as one that combats fraud. Fraud Finder is a computerized system designed to determine check or debit card risk for merchants. Deluxe recently implemented a strategic decision by separating itself from its subsidiary eFunds, to better enable each firm to pursue business objectives in their respective marketplaces. eFunds is a provider of transaction processing, risk management, information technology services and business process management. In recent news, Deluxe signed an agreement with Synovus Financial Corp. to be the organization's provider of check printing and related services. Deluxe will provide eCommerce solutions that include electronic ordering for affiliate banks as well as Internet check re-ordering for its customers. Deluxe also recently became Wells Fargo’s primary provider of consumer and business check printing and related services. In addition, Deluxe will supply its eCommerce solution to provide online check ordering services for Wells Fargo customers. The firm offers its employees tuition assistance for educational degree programs.
BRANDS/DIVISIONS/AFFILIATES: Direct Paper Payment Systems Fraud Finder Deluxe Paper Payment Systems Delux Direct Response Deluxe Payment Protection Systems eFunds
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Lawrence J. Mosner, CEO Ronald E. Eilers, Pres. Ronald E. Eilers, COO Douglas J. Treff, Sr. VP-CFO Gregory J. Bjorndahl, Sr. VP-Sales & Mktg. Sonia St. Charles, VP-Human Resources Warner F. Schlais, Sr. VP-CIO Anthony C. Scarfone, Corp. Sec. Anthony C. Scarfone, Sr. VP-General Counsel Stu Alexander, VP-Investor Rel. Guy C. Feltz, Pres.-FI Check Printing
Phone: 612-483-7111 Fax: 612-481-4163 Toll-Free: Address: 3680 Victoria St. N., Shoreview, MN 55126 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $957,100 ( 9 months) 2001 Profits: $137,900 ( 9 months) 2000 Sales: $1,262,700 2000 Profits: $161,900 Stock Ticker: DLX 1999 Sales: $1,363,800 1999 Profits: $203,000 Employees: 7,800 1998 Sales: $1,673,700 1998 Profits: $143,100 Fiscal Year Ends: 12/31 1997 Sales: $1,920,600 1997 Profits: $44,700
SALARIES/BENEFITS: Pension Plan: Y Savings Plan:
ESOP Stock Plan: Profit Sharing: Top Exec. Salary: $578,750 Bonus: Stock Purch. Plan: Y Second Exec. Salary: $415,000 Bonus: Nation's largest third-party transaction processor for regional ATM networks.
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
$1,113,500 $440,000
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International: Y
www.plunkettresearch.com
287
DEUTSCHE BANK
www.deutsche-bank.de
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 2
Profits: 2
Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Y Y Y Y
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y Y Y Y Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Investment Services
Deutsche Bank is one of the world’s leading international financial service providers, serving more than 12 million customers in 70 countries. The company operates in two segments: private clients and asset management, and corporate and investment banking. For its private clients, Deutsche Bank offers services including account-keeping, cash and securities investment advisory and asset management. The corporate and investment arm focuses on international corporate and investment bank operations, providing payments processing and corporate finance to support with IPOs and M&A advisory. The bank also has a leading position in international foreign exchange, fixed-income and equities trading. Subsidiary Taunus Corp. oversees much of the firm’s U.S. operations as the holding company for Bankers Trust Co., Deutsche Banc Alex. Brown, EA Strategies and Deutsche Bank Securities, Inc. Taunus also has non-financial holdings in R.J. Reynolds Tobacco Holdings, Royal Caribbean Cruises and Boeing. Deutsche Banc Alex. Brown operates within the corporate and investment banking umbrella of Deutsche Bank, providing investment services such as brokerage, structured finance and mergers and acquisitions advice to individual and institutional investors. It also handles investment banking, with an emphasis on the health care, media and telecommunications, real estate and technology industries. National Discount Brokers Group formerly owned online brokerage firm Ameritrade, though that subsidiary has since been divested. It now focuses on other operations such as NDB Capital Markets, which provides brokerage services for institutional investors. National Discount Brokers Group also offers in-house clearing services, which it plans to offer to third parties, through Millennium Clearing. Deutsche Bank recently began trading on the New York Stock Exchange under the symbol DB.
BRANDS/DIVISIONS/AFFILIATES: Deutsche Banc Alex. Brown National Discount Brokers Group Bankers Trust Co. Taunus Corp. NDB Capital Markets Millennium Clearing EA Strategies Deutsche Bank Securities, Inc.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Hermann-Josef Lamberti, COO Clemens Börsig, CFO Tessen von Heydebreck, Chief Admin. Officer Rolf E. Breuer, Chairman, Group Executive Committee Tom Hughes, CEO, Deutsche Banc Alex. Brown Arthur Kontos , Pres./CEO, National Discount Brokers Group John Ross, CEO, Taunus Corp.
Phone: +49-69-910-91000 Fax: +49-69-910-34227 Toll-Free: Address: Taunusanlage 12, Frankfurt, 60262 Germany
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $48,531,000 ( 9 months) 2001 Profits: $2,729,000 ( 9 months) 2000 Sales: $77,775,000 2000 Profits: $12,727,000 Stock Ticker: DB 1999 Sales: $51,409,900 1999 Profits: $2,589,000 Employees: 1998 Sales: $42,937,300 1998 Profits: $2,014,100 Fiscal Year Ends: 12/31 1997 Sales: $ 1997 Profits: $
SALARIES/BENEFITS: Pension Plan: Savings Plan:
ESOP Stock Plan: Stock Purch. Plan:
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Top Exec. Salary: $ Second Exec. Salary: $ One of the largest financial service providers in the world.
Apparent Women Officers or Directors: Hot Spot for Advancement for Women/Minorities:
Profit Sharing:
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Bonus: Bonus:
Southeast: Y
$ $
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International: Y
288
www.plunkettresearch.com
DIEBOLD INC
www.diebold.com
Industry Group Code: 334111 Ranks within this company's industry group: Sales: 1 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Y Y Y
Profits: 1
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Computer Hardware-Automated Teller Machines Electronic and Physical Security Systems Software Systems for Global Financial and Commercial Market Medicine Dispensing System ATMs and Self Service Terminals Merchant Banking Center Alarm and Monitoring Systems
Diebold, Inc. is a leading producer of automated teller machines (ATMs). Aside from making and servicing ATMs, the company sells portable bank offices and other automated bank products. It also produces MedSelect, a computer-based medicine dispensing product; and smart cards, which are university ID cards that can be used as debit cards. Diebold was the first to introduce the first ATM with iris scan identification. Although most of the company’s sales are conducted in the United States, Diebold is increasing its presence abroad. The firm has two operating segments: North American Sales and Services (NASS) and International Sales and Services (ISS). NASS operates in the United States and Canada, where it sells and services financial, retail and medical systems. ISS sells and services financial and retail systems to the rest of the globe. Diebold has agreements with several companies such as Casey’s General Stores and McDonald’s for ATM placement in stores. The firm has an alliance with Digital Monitoring Products, Inc. to provide advanced security systems to financial institutions and retail customers. Both companies benefit by transmitting alarm signals over the Internet, thereby increasing customer service by reducing response times. Diebold’s long-term goal is to move away from being a manufacturer, towards becoming a systems integrator and service provider of outsourced security products and technologies. In recent news, Diebold acquired Global Election Systems, Inc., a leading company in the election equipment marketplace. Global has over 850 jurisdictions in North America that use its AccuVote (optical scan) or AccuVote-TS (touch screen) voting systems. The firm’s product line also includes VoteRemote, a high speed automated absentee ballot printing and processing system. Continuing its expansion into foreign markets, Diebold recently commenced operations in Paraguay, which constitutes an important expansion step for the firm into the rest of Latin America.
BRANDS/DIVISIONS/AFFILIATES: AccuVote -Touch Screen Casey's General Stores McDonald's Digital Monitoring Products, Inc. ATM Franchise Program Watson Global Election Systems, Inc. MedSelect Systems
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Walden O'Dell, CEO Walden O'Dell, Pres. Gregory T. Geswein, Sr. VP-CFO Michael J. Hillock, Sr. VP-Int'l. Sales and Service Charles B. Scheurer, VP-Human Resources Charles J. Bechtel, VP-CIO Robert L. Stockamp, VP-Contoller Larry D. Ingram, VP- Procurement and Services Thomas R. D'Amico, VP-Mfg. Charee Francis-Vogelsang, Corp. Sec. Warren W. Dettinger, VP-General Counsel Thomas W. Swidarski, VP-Strategic Dev. Charles J. Bechtel, Group VP-Global Services Donald E. Eagon, Jr., VP-Investor Rel. Robert J. Warren, VP-Treas. Edward I. Maddern, VP-Int'l. Manufacturing Integration Wesley B. Vance, Pres.-North America David Bucci, Sr. VP-Customer Solutions Group
Phone: 330-490-4000 Fax: 330-490-4549 Toll-Free: 800-999-3600 Address: 5995 Mayfair Rd., P.O. Box 3077, North Canton, OH 44720-8077 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $1,252,100 ( 9 months) 2001 Profits: $49,700 ( 9 months) 2000 Sales: $1,743,608 2000 Profits: $136,919 Stock Ticker: DBD 1999 Sales: $1,259,200 1999 Profits: $128,900 Employees: 12,544 1998 Sales: $1,185,707 1998 Profits: $76,148 Fiscal Year Ends: 12/31 1997 Sales: $1,226,936 1997 Profits: $122,516
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Top Exec. Salary: $275,000 Second Exec. Salary: $237,000 World leader in self -service financial transaction systems.
Apparent Women Officers or Directors: Hot Spot for Advancement for Women/Minorities:
Profit Sharing:
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Bonus: Bonus:
$360,000 $220,000
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International: Y
www.plunkettresearch.com
289
DIGITAL INSIGHT CORP
www.digitalinsight.com
Industry Group Code: 511200 Ranks within this company's industry group: Sales: 4
Profits: 5
Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Y
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Software-Internet Based Banks Financial Services Enabler
Digital Insight Inc. is a leading provider of real-time Internet banking services to community financial institutions. The company offers cost-effective outsourced applications, which include Internet banking for client’s retail and commercial custom ers; a target marketing program; an authorized loan decision and contract center; and customized e-commerce portal web site design and implementation services. Digital Insight currently has contracts with more than 1,500 financial institutions that in turn have over 23.3 million potential end users. Over 1.5 million end users actively use the firm’s Internet banking applications. Products and services offered by the company include AXIS Internet Banking, a complete Internet banking package designed for financial institutions; AXIS eCommerce, which provides a wide array of meaningful financial and revenue-generating products in a convenient, secure web environment that is fully integrated with the client’s own products and content; AXIS Cash Management, which gives business customers of financial institutions complete power to manage multiple accounts, loans and lines of credit; and The Digital Insight MarketSite, an online portfolio of marketing materials designed to assist clients launch and expand their Internet banking services. Digital Insight recently launched AXIS Wireless Banking, which allows for customers to conduct Internet banking services using a variety of wireless devices such as cell phones and PDAs. The firm recently completed the acquisition of Virtual Financial Services, Inc., a privately owned e-finance company with a client base of more than 150 financial institutions.
BRANDS/DIVISIONS/AFFILIATES: AXIS Internet Banking AXIS Cash Management AXIS eCommerce AXIS Lending nFront, Inc. Virtual Financial Services, Inc. AXIS Wireless Banking Digital Insight University
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. John C. Dorman, CEO Dale R. Walker, Pres. Dale R. Walker, COO Elizabeth Murray, CFO Vincent Brennan, Sr. VP-Sales Melvin M. Takata, Chief Tech. Officer Joe McDoniel, Sr.VP-Oper. Kevin McDonnell, Sr. VP-Corp. Dev. Drew Hyatt, VP-Internet Banking Services Bruce Isaacson, Sr. VP-Products, Mktg., Strategic Alliances Joe McDaniel, Sr. VP-Strategic Opportunities Robert Surridge, Sr. VP-Lending Div.
Phone: 818-871-0000 Fax: 818-878-7555 Toll-Free: 888-344-4674 Address: 26025 Mureau Road, Calabasas , CA 91302 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 12 months. 2001 Sales: $94,600 (12 months) 2001 Profits: $-51,900 (12 months) 2000 Sales: $54,428 2000 Profits: $-60,000 Stock Ticker: DGIN 1999 Sales: $26,245 1999 Profits: $-18,154 Employees: 657 1998 Sales: $13,195 1998 Profits: $-8,021 Fiscal Year Ends: 12/31 1997 Sales: $5,054 1997 Profits: $-3,011
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Y Profit Sharing: Top Exec. Salary: $290,625 Stock Purch. Plan: Y Second Exec. Salary: $197,500 Contracts with more than 1,200 financial institutions.
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Bonus: Bonus:
$123,751 $82,500
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
290
www.plunkettresearch.com
DIME BANCORP INC
www.dime.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 38 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y Y Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 49
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y Y Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking/Savings Associations Mortgages Commercial and Multifamily Real Estate Lending Consumer Lending Business Lending Investment Services Insurance Company-Underwriting
Dime Bancorp, Inc. is the holding company for the Dime Savings Bank of New York, the largest savings association on the east coast and the fourth largest in the U.S., serving consumers and businesses through 123 branches strategically located in the greater New York metropolitan area. The company offers its banking services primarily through three segments: Retail, Commercial and Mortgage. The North American Mortgage Company, one of Dime's major subsidiaries, provides its mortgage banking and consumer lending services. In addition, the bank makes a variety of consumer and business loans, focusing particularly on smaller businesses neglected by the larger commercial banks in town. Dime has also formed an insurance unit to sell property and casualty, as well as other types of insurance. With a well-known brand name, Dime serves more than 700,000 households in the greater New York metropolitan area. In recent news, the company announced its intention to merge with Washington Mutual, the largest thrift bank in the U.S.
BRANDS/DIVISIONS/AFFILIATES: Dime Savings North American Mortgage Dime Securities Financial Federal Savings Bank Financial Bancorp, Inc. Washington Mutual
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Lawrence J. Toal, CEO Lawrence J. Toal, Pres. Lawrence J. Toal, COO Anthony R. Burriesci, CFO Amy J. Radin, Chief Mktg. Officer Arthur C. Bennett, Chief Human Resources Exec. Thomas J. Ducca, CIO Gene C. Brooks, Corp. Sec. Gene C. Brooks, Sr. Legal Advisor Franklin L. Wright, Investor Relations Exec.
Phone: 212-326-6170 Fax: 212-326-6169 Toll-Free: Address: 589 Fifth Ave., New York, NY 10017-1977 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $1,852,600 ( 9 months) 2001 Profits: $266,200 ( 9 months) 2000 Sales: $2,169,700 2000 Profits: $154,700 Stock Ticker: DME 1999 Sales: $1,987,300 1999 Profits: $239,800 Employees: 6,476 1998 Sales: $1,945,900 1998 Profits: $237,086 Fiscal Year Ends: 12/31 1997 Sales: $1,528,100 1997 Profits: $121,714
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Profit Sharing: Top Exec. Salary: $900,000 Stock Purch. Plan: Y Second Exec. Salary: $425,000 Operates with a culture similar to that of a smaller, community-based bank.
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Bonus: Bonus:
$1,462,629 $525,041
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
www.plunkettresearch.com
291
DIME COMMUNITY BANCSHARES
www.dimewill.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 104 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y Y Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 93
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking/Savings Association Investment Services
Dime Community Bancshares is the holding company for The Dime Savings Bank of Williamsburgh. The bank operates 19 branches in the New York City boroughs of Queens, Brooklyn and the Bronx as well as Nassau County on Long Island. Retail services include CDs, IRAs, savings and checking accounts, NOW accounts and money market accounts. The Bank's principal business is gathering deposits from customers within its market area and primarily investing these deposits in multi-family and one- to four-family residential mortgages, mortgagebacked securities and obligations of the U.S. Government and GSEs. Lending activities include multi-family real estate (more than 75% of the portfolio), one- to four-family residential (sold on the secondary market), cooperative apartment, home improvement and passbook loans. The bank's revenues are derived principally from interest on its loan and securities portfolios. The company recently acquired Financial Bancorp, Inc., which is the holding company for Financial Federal Savings Bank. This acquisition added five branches in Queens and Brooklyn, total deposits of $230 million and approximately 18,000 households to the company's franchise. The company also provides investment services through subsidiary Havemeyer Investments.
BRANDS/DIVISIONS/AFFILIATES: Dime Savings Bank of Williamsburgh Havemeyer Investments Financial Bancorp, Inc. Financial Federal Savings Bank
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Vincent F. Palagiano, CEO Michael P. Devine, Pres. Michael P. Devine, COO Kenneth J. Mahon, CFO Kenneth A. Ceonzo, VP-Investor Rel. Timothy B. King, Treas. Michael Pucella, Sr. VP-Finance
Phone: 718-782-6200 Fax: 718-486-7535 Toll-Free: Address: 209 Havemeyer St., Brooklyn, NY 11211 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 12 months. 2001 Sales: $190,900 (12 months) 2001 Profits: $25,200 (12 months) 2000 Sales: $170,700 2000 Profits: $22,400 Stock Ticker: DCOM 1999 Sales: $141,800 1999 Profits: $19,900 Employees: 350 1998 Sales: $113,471 1998 Profits: $13,098 Fiscal Year Ends: 6/30 1997 Sales: $93,163 1997 Profits: $12,316
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Y Profit Sharing: Stock Purch. Plan: Growth through acquisitions.
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Apparent Women Officers or Directors: Hot Spot for Advancement for Women/Minorities:
Top Exec. Salary: $550,000 Second Exec. Salary: $420,000
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Southeast:
Bonus: Bonus:
$290,000 $210,000
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
292
www.plunkettresearch.com
DONEGAL GROUP INC
www.donegalgroup.com
Industry Group Code: 524113 Ranks within this company's industry group: Sales: 87 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 77
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Proces sing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Insurance Company-Underwriting
Donegal Group, Inc. is an insurance holding company offering property and casualty insurance in various regions throughout the eastern United States through its subsidiaries. The company offers full lines of personal, farm and commercial products, including businessowners, commercial multiperil, automobile, homeowners, boatowners, farmowners, workers' compensation and other coverages. The Donegal Group conducts business through a network of approximately 1,200 independent insurance agencies. The company recently acquired Pioneer Insurance Company for an estimated $4.5 million. One of the firm's most important acquisitions was Southern Heritage Insurance Company, which significantly increased the geographic operating area of the company. Located in Atlanta, Georgia, Southern Heritage primarily writes personal automobile and homeowners policies in the southeastern region of the country. Southern Heritage averaged close to $30 million in direct writing at the time of the merger and holds the distinction of being the largest acquisition in Donegal Group's history. Southern Heritage holds licenses in a number of southeastern states, allowing the Donegal Group to concentrate marketing efforts in targeted areas within this region. The company offers employees medical and dental insurance, continuing education assistance, service awards and incentive plans.
BRANDS/DIVISIONS/AFFILIATES: Atlantic States Insurance Company Delaware Atlantic Insurance Company Pioneer Insurance Company Southern Heritage Insurance Company Southern Insurance Company of Virginia Donegal Mutual Insurance Company
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Donald H. Nikolaus, CEO Donald H. Nikolaus, Pres. Ralph G. Spontak, CFO David S. Krenkel, VP-Mktg. Kevin G. Burke, VP-Human Resources Kenneth L. Dull, VP-Research Charles M. Ferraro, VP-IT Jeffrey D. Miller, Controller Ralph G. Spontak, Corp. Sec. Daniel J. Wagner, Treas. Cyril J. Greenya, Sr. VP-Commercial Underw riting Robert G. Shenk, Sr. VP-Claims James B. Price, Sr. VP-Claims
Phone: 717-426-1931 Fax: 717-426-7009 Toll-Free: 800-877-0600 Address: 1195 River Rd., Marietta, PA 17547 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $137,700 ( 9 months) 2001 Profits: $6,700 ( 9 months) 2000 Sales: $168,200 2000 Pr ofits: $8,900 Stock Ticker: DGICB 1999 Sales: $159,700 1999 Profits: $6,700 Employees: 430 1998 Sales: $130,586 1998 Profits: $9,018 Fiscal Year Ends: 12/31 1997 Sales: $121,328 1997 Profits: $10,641
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Profit Sharing: Stock Purch. Plan: Y A-rated by A.M. Best Company.
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Apparent Women Officers or Directors: Hot Spot for Advancement for Women/Minorities:
Top Exec. Salary: $340,000 Second Exec. Salary: $234,385
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest: Y
Southeast: Y
Bonus: Bonus:
$85,821 $42,911
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
www.plunkettresearch.com
DORAL FINANCIAL CORP
www.doralfinancial.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 78 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
293 Profits: 69
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking/Savings Association Mortgages
Doral Financial Corporation specializes in providing selected consumer financial services through its mortgage origination offices, bank branches and full service broker/dealer subsidiary. With 27 years of experience in providing mortgage loans to consumers, the company holds a dominant position in the secured lending market in Puerto Rico. Through its mortgage banking operations (Doral Mortgage Corporation, HF Mortgage Banker's Division and Centro Hipotecario), Doral holds the leading market share with 25 offices in Puerto Rico and one in Florida. These units originate, service and sell residential and some commercial mortgages and securitize mortgage-backed securities. Through Doral Securities, the company offers full service broker/dealer expertise in equities, fixed income securities, mutual funds and other related financial products. On the U.S. mainland, the company's Doral Money subsidiary has offices in New York and Chicago. The company also has a commercial banking subsidiary, Doral Bank, in New York City. Doral Financial Corporation's mission is to enhance the business opportunities of its traditional operations and to pursue opportunities in related areas while maintaining superior customer service and shareholder values. Doral Financial continues to explore selected opportunities in the financial services business on the U.S. mainland, with a special focus on utilizing its expertise in serving Spanish speaking consumers and other minorities.
BRANDS/DIVISIONS/AFFILIATES: Doral Bank Doral Securities Doral Mortgage Corporation HF Mortgage Bankers Centro Hipotecario Doral Money
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Salomon Levis, CEO Zoila Levis, Pres. Zoila Levis, COO Richard F. Bonini, CFO Carlos Vina, Corp. Controller Richard F. Bonini, Corp. Sec. Fernando Rivera-Munich, General Counsel Francisco Rivero, Exec. VP-Admin. Francisco Rivero, Exec. VP-Business Dev. Richard F. Bonini, Sr. VP-Investor Relations Mario S. Levis, Treas. Frederick C. Teed, Exec. VP-Banking Christopher O'Neill, VP- Construction Lending Juan Carlos Diaz, VP-Corp. Security Ricardo Melendez, VP-Chief Acc. Officer
Phone: 787-749-7100 Fax: 787-767-9098 Toll-Free: Address: 1159 Franklin D. Roosevelt Ave., San Juan, PR 00920 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $421,100 ( 9 months) 2001 Profits: $101,400 ( 9 months) 2000 Sales: $490,100 2000 Profits: $84,700 Stock Ticker: DORL 1999 Sales: $338,600 1999 Profits: $67,900 Employees: 1,543 1998 Sales: $236,391 1998 Profits: $52,832 Fiscal Year Ends: 12/31 1997 Sales: $135,417 1997 Profits: $20,231
SALARIES/BENEFITS: Pension Plan: Y Savings Plan:
ESOP Stock Plan: Stock Purch. Plan:
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Top Exec. Salary: $1,500,000 Bonus: $1,500,000 Second Exec. Salary: $500,000 Bonus: $600,000 The company holds a dominant position in the secured lending market in Puerto Rico.
Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
Profit Sharing:
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest: Y
Southeast: Y
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International: Y
294
www.plunkettresearch.com
DOW JONES & COMPANY INC
www.dj.com
Industry Group Code: 511110 Ranks within this company's industry group: Sales: 1 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Y
Profits: 1
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing: Y
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Newspaper Publishing-Financial News Business Publishing General Interest Community Newspapers Online News Services Online Business and Financial Data
Dow Jones & Company, Inc. is the publisher of a highly respected financial newspaper, The Wall Street Journal, which provides business people with daily business, industry and investment information. The company’s operations are divided into three segments, which include print publishing, electronic publishing and general-interest community newspapers. It publishes Asian and European versions of The Wall Street Journal, as well as the weekly U.S. business and financial magazine Barron’s. Dow Jones provides information electronically through subsidiaries Dow Jones Newswire, Dow Jones Indexes, Factiva, Work.com and WSJ.com. The company’s subsidiary, Dow Jones Interactive Publishing, develops software and provides an on-line database service. Other publications include Far Eastern Economic Review and SmartMoney. Dow Jones’ alliances with NBC and Microsoft Corporation allow the company to expand its business in the television and computer markets. Recently, the firm announced an agreement with MoneyLine Network, Inc. to launch a private label version of Dow Jones Futures Service, which will be an Internetbased, real-time service that combines Dow Jones’ indepth coverage of worldwide futures markets with MoneyLines’s cutting edge financial e-commerce solutions. Dow Jones Newswires recently reached a distribution agreement with CGQ, ensuring availability of Dow Jones News on CGQ platforms. In other recent news, Dow Jones Newsletters has launched a weekly technical analysis publication, Dow Jones Charting Money, to provide in-depth analysis of key markets. Dow Jones & Company offers its employees tuition reimbursement, an adoption assistance program, a 401(k) savings plan, an employee stock purchase plan and medical and dental insurance.
BRANDS/DIVISIONS/AFFILIATES: Dow Jones Indexes Factiva Dow Jones Newswire Work.com WSJ.com SmartMoney Wall Street Journal, The MoneyLine Network, Inc.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Peter R. Kann, CEO Jerome H. Bailey, CFO Ann Marks, Chief Corp. Mktg. Officer James A. Scaduto, VP-Human Resources William A. Godfrey III, Chief Tech. Officer Lawrence K. Kinsella, Controller Peter G. Skinner, General Counsel Scott D. Schulman, VP-Strategic Planning & Dev. Richard J. Tofel, VP-Corp. Comm. Thomas W. McGuirl, Treas. Karen Elliott House, Pres., Dow Jones Int'l Paul J. Ingrassia, Pres., Dow Jones Newswires
Phone: 212-416-2000 Fax: 212-416-4348 Toll-Free: Address: 200 Liberty St., New York, NY 10281 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $1,341,600 ( 9 months) 2001 Profits: $66,100 ( 9 months) 2000 Sales: $2,202,600 2000 Profits: $-119,000 Stock Ticker: DJ 1999 Sales: $2,001,800 1999 Profits: $272,400 Employees: 8,574 1998 Sales: $2,158,106 1998 Profits: $8,362 Fiscal Year Ends: 12/31 1997 Sales: $2,572,518 1997 Profits: $-802,132
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Profit Sharing: Y Top Exec. Salary: $841,167 Bonus: $888,000 Stock Purch. Plan: Y Second Exec. Salary: $588,605 Bonus: $462,550 The best-known financial newspaper in the U.S. and in many other areas of the world/Owns the Dow Jones Industrial Average system.
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Apparent Women Officers or Directors: 2 Hot Spot for Advancement for Women/Minorities: Y
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International: Y
www.plunkettresearch.com
DOWNEY FINANCIAL CORP
www.downeysavings.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 60 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
295 Profits: 66
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking/Savings Association
Downey Financial Corp. is a federally chartered savings and loan association primarily involved with residential real estate mortgage loans, mortgage-backed securities and investment securities. The company operates 114 retail deposit branches, including 49 full-service in-store branches. The primary sources of revenue for the banking activities come from interest on loans, fees, securities income and gains in sales of loans. That revenue is then used to originate loans, primarily residential real estate mortgage loans, as well as investment securities and mortgage-backed securities. The company recently acquired Butterfield Savings and Loan Association from the Federal Savings and Loan Insurance Corporation. The past year has seen several new branch openings for both full-service supermarket branches throughout California and Arizona. The company offers employees medical, dental and vision benefits, home and auto loan programs and a company cafeteria.
BRANDS/DIVISIONS/AFFILIATES: Downey Savings and Loan Association DSL Service Company Downey Affiliated Insurance Agency Downey Auto Finance Corporation Butterfield Savings and Loan Association
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Daniel D. Rosenthal, CEO Daniel D. Rosenthal, Pres. Paul G. Woollatt, COO Thomas E. Prince, CFO Kendice K. Briggs, VP-Human Resources Charles Symmonds, CIO Kent J. Smith, Controller Donald E. Royer, Corp. Sec. Donald E. Royer, General Counsel Jane Wolfe, Chief Admin. Officer Stanley M. Tarbell, Exec. VP-Tax Director Lillian E. Gavin, Exec. VP-Compliance and Risk Mgmt. Richard D. Grout, Exec. VP-Retail Banking John R. Gatzke, Exec. VP-Chief Lending Officer
Phone: 949-854-0300 Fax: 949-854-4979 Toll-Free: Address: 3501 Jamboree Road, Newport Beach, CA 92660 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $660,200 ( 9 months) 2001 Profits: $81,100 ( 9 months) 2000 Sales: $834,900 2000 Profits: $99,300 Stock Ticker: DSL 1999 Sales: $593,100 1999 Profits: $63,800 Employees: 1,783 1998 Sales: $487,757 1998 Profits: $57,973 Fiscal Year Ends: 12/31 1997 Sales: $455,606 1997 Profits: $45,234
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Profit Sharing:
Top Exec. Salary: $300,000 Second Exec. Salary: $263,663
Bonus: Bonus:
$492,624 $373,200
Strong deposit growth.
Apparent Women Officers or Directors: 3 Hot Spot for Advancement for Women/Minorities: Y
LOCATIONS: ("Y" = Yes) West: Y
Southwest:
Midwest:
Southeast:
Northeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
296
www.plunkettresearch.com
DVI INC
www.dvi-inc.com
Industry Group Code: 522220A Ranks within this company's industry group: Sales: 5 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 5
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Medical Equipment Financing Medical Receivables Financing
DVI, Inc. is an independent specialty finance company that provides asset-backed financing to health care service providers. DVI principally serves the financing needs of middle-market health care service providers, such as outpatient health care providers, medical imaging centers, physician group practices, integrated health care delivery networks and hospitals. The company has extensive expertise in making loans to health care providers in markets historically underserved by most banks and finance companies. By effectively and efficiently servicing the equipment financing needs of these health care providers and at the same time building productive relationships with medical equipment manufacturers seeking to arrange financing for their customers, the company has established a niche leadership position among independent finance companies serving the medical industry. In addition to equipment financing, a small but growing part of the company's business is making working capital loans to health care providers secured by their medical receivables and other collateral. DVI originates financing transactions directly and through vendor sales support programs, and does not depend on brokers or others to originate its business. The company seeks to continue its growth by expanding its share of the diagnostic imaging and radiation therapy equipment financing markets and by generating financing opportunities in other areas of the health care industry. DVI is the world’s leading independent health care financier.
BRANDS/DIVISIONS/AFFILIATES: DVI Financial Services, Inc. DVI Business Credit Corporation DVI Vendor Finance DVI Latin America DVI Equipment Finance DVI Europe DVI Capitol
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Michael A. O'Hanlon, CEO Michael A. O'Hanlon, Pres. John P. Boyle, VP/Chief Accounting Officer Melvin C. Breaux, General Counsel Richard E. Miller, Exec. VP Anthony J. Turek, Exec. VP
Phone: 215-488-5000 Fax: 215-488-5010 Toll-Free: 800-665-4384 Address: 2500 York Road, Jamison, PA 18929 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 12 months. 2001 Sales: $139,600 (12 months) 2001 Profits: $18,400 (12 months) 2000 Sales: $143,400 2000 Profits: $23,400 Stock Ticker: DVI 1999 Sales: $103,800 1999 Profits: $19,700 Employees: 375 1998 Sales: $74,400 1998 Profits: $12,900 Fiscal Year Ends: 6/30 1997 Sales: $56,300 1997 Profits: $8,175
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Top Exec. Salary: $322,500 Bonus: $500,000 Second Exec. Salary: $247,250 Bonus: $250,000 DVI is the nation's leading independent financial services company specializing exclusively in the healthcare industry.
Apparent Women Officers or Directors: Hot Spot for Advancement for Women/Minorities:
Profit Sharing:
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International: Y
www.plunkettresearch.com
E W BLANCH HOLDINGS INC
www.benfieldgroup.com
Industry Group Code: 524210 Ranks within this company's industry group: Sales: 4 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
297
Y
Profits: 5
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Y
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
Y
GROWTH PLANS/SPECIAL FEAT URES:
TYPES OF BUSINESS: Insurance Brokerage and Management Risk Management Services Primary Insurance Distribution Services Financial and Pension Consultancy Services Reinsurance Intermediation Software
E.W. Blanch Holdings, Inc. is the holding company for E.W. Blanch Co., that provides reinsurance intermediary, risk management and consulting services through several subsidiaries. The company’s core business is arranging reinsurance coverage as an intermediary between insurers and reinsurers. Other E.W. Blanch subsidiaries, including Paragon Reinsurance Risk Management, provide risk management consulting and administration services, including financial modeling, actuarial services, and catastrophe exposure management and analysis. The company owns 70% of Swire Blanch Holdings, a London-based insurer and reinsurer serving the UK and Pacific Rim. Swire Blanch also designs employee benefits packages. In the second quarter of 1998, the company sold its San Antonio based operations, including the sale of its general agency, Blanch Insurance Services, Inc., and other selected assets. In June 1998, the company completed its acquisition of Walbaum Americana, S.A., a Buenos Aires, Argentina based provider of risk management services in Latin America. In July 1998, the company acquired Dunn & Carter Ltd., a London based insurance broker specializing in retrocessional reinsurance. Also in July 1998, the E.W. Blanch Holdings, Inc. acquired K2 Technologies, Inc., a San Jose, California based company specializing in the design and support of interactive software platforms for use in risk assessment and engineering as well as informational integration. The company offers its employees life, medical, dental and vision benefits, an education assistance plan and a bonus plan.
BRANDS/DIVISIONS/AFFILIATES: Swire Blanch Holdings, Limited E.W. Blanch Co. Paragon Reinsurance Risk Management Dunn & Carter Ltd. Walbaum Americana, S.A. K2 Technologies, Inc.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Chris L. Walker, CEO Susan B. Wollenberg, CFO Daniel P. O'Keefe, Corp. Sec. Tom S. Nelson, Exec. VP-Chief Acc. Officer
Phone: 214-756-7000 Fax: 214-756-7001 Toll-Free: Address: 500 N. Akard, Ste. 4500, Dallas, TX 75201 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 3 months. 2001 Sales: $44,300 ( 3 months) 2001 Profits: $1,700 ( 3 months) 2000 Sales: $191,300 2000 Profits: $-9,600 Stock Ticker: Subsidiary 1999 Sales: $235,400 1999 Profits: $39,700 Employees: 1,154 1998 Sales: $203,600 1998 Profits: $31,763 Fiscal Year Ends: 12/31 1997 Sales: $166,800 1997 Profits: $25,703
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Top Exec. Salary: $ Second Exec. Salary: $ The company is expanding several technology -based services.
Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
Profit Sharing:
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Bonus: Bonus:
Southeast: Y
$ $
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International: Y
298
www.plunkettresearch.com
E*TRADE GROUP INC
www.etrade.com
Industry Group Code: 523110 Ranks within this company's industry group: Sales: 10 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Y
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Y
Y
Y Y
Profits: 21
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing: Y
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Stock Brokerage/Investment Management-Online Account Security Portfolio Tracking and Records Management Cash Management Services Venture Capital ATM Machine Network Financial Planning Services Online Banking
E*TRADE Group, Inc. is a global leader in online personal financial services, offering value-added investing, banking and research features and premium customer service. In addition to operations in the U.S., the company serves customers in Australia, Canada, Denmark, Japan, Korea, New Zealand, Norway, Sweden, South Africa and the U.K. through branded websites. The firm’s merger with Telebanc, a leading pure-play electronic bank, strongly positions E*TRADE to further expand its product offering and customer base and diversify its revenue stream. The banking division now has about 3 million households as customers. The company’s Business Solutions Group, a global leader in providing electronic stock plan solutions for leading corporations, is further accelerating the company’s revenue diversification efforts. E*TRADE enables customers to evaluate, select and monitor the ongoing performance of some of today’s leading money managers. In addition, the company offers an integrated wireless banking and brokerage solution through E*TRADE Bank and E*TRADE Securities, giving mobile customers greater access to and control of their assets. Moreover, E*TRADE customers can use their webenabled wireless devices to locate the nearest E*TRADE Bank ATM, which provides them with greater access to deposits and withdrawals of funds through the firm's 11,000 ATM machines, the third-largest ATM network in the U.S.. In recent news, E*TRADE has expanded into personalized financial advice with the launch of E*TRADE Advisor, a planning and advice product that delivers a host of new financial forecasting tools. Through E*TRADE Advisor, individuals and E*TRADE customers will have access to Ernst & Young’s personal financial counselors. E*TRADE has opened a storefront office on Madison Avenue and Manhattan, and plans to open 43 information and service desks within Target stores around the nation. The company has also pushed initiatives to develop a comprehensive insurance offering through a partnership with inviva, a leading life and annuity holding company. E*TRADE Group, Inc. offers its employees tuition reimbursement, licensing training, a 401(k) savings plan and an employee stock purchase plan.
BRANDS/DIVISIONS/AFFILIATES: Telebanc E*TRADE Business Solutions Group PrivateAccounts.com inviva eAdvisor
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Christos M. Cotsakos, CEO Jerry D. Gramaglia, Pres. Jerry D. Gramaglia, COO Leonard C. Purkis, CFO G. Michael Sievert, Chief Sales & Mktg. Officer Jerry A. Dark, VP-Human Resources Joshua Levine, Chief Tech. Officer Brigitte Van Baelen, Corp. Sec. Russ Elmer, Chief Legal Affairs Officer Pam Kramer, Chief Content Dev. Officer Brigitte Van Baelen, Chief Community Dev. Officer Judy Balint, Chief International Officer Connie M. Dotson, Chief Service Quality Officer Amy J. Errett, Chief Asset Gathering Officer Thomas A. Bevilacqua, Chief Strategic Investment Officer
Phone: 650-331-6000 Fax: 650-331-6804 Toll-Free: 800-786-2575 Address: 4500 Bohannon Dr., Menlo Park, CA 94025 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $1,547,500 ( 9 months) 2001 Profits: $-263,100 ( 9 months) 2000 Sales: $1,973,183 2000 Profits: $19,200 Stock Ticker: ET 1999 Sales: $889,683 1999 Profits: $-56,800 Employees: 3,800 1998 Sales: $482,244 1998 Profits: $- 400 Fiscal Year Ends: 12/31 1997 Sales: $234,100 1997 Profits: $19,200
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan: Y
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Profit Sharing:
Top Exec. Salary: $575,000 Bonus: $1,393,676 Second Exec. Salary: $425,000 Bonus: $638,485 Massive customer base/Synergies and cross-marketing with its online bank and investment customers.
Apparent Women Officers or Directors: 5 Hot Spot for Advancement for Women/Minorities: Y
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International: Y
www.plunkettresearch.com
EAGLE BANCSHARES
www.eaglebancshares.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 119 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
299 Profits: 120
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking/Savings Associations Mortgages Real Estate
Eagle Bancshares is a savings and loan holding company that owns Tucker Federal Bank, Eagle Real Estate Advisors, Inc. and Eagle Bancshares Capital Group, Inc. The company is engaged in two major lines of business: community banking and real estate development and sales. The firm also operates in mortgage banking in Atlanta only. Eagle Bancshares' principal subsidiary, Tucker Federal Bank, is a community bank with 15 locations in metropolitan Atlanta. The asset size and legal lending limit allows Eagle Bancshares to serve small- and middle-market customers more effectively than many smaller Atlanta community banks. The company also generates permanent mortgage loan originations through relationships with existing homebuilders. The firm recently completed the sale of its wholesale mortgage operations and its retail mortgage banking and construction lending activities outside Atlanta. These steps were taken in an attempt to recover losses in the mortgage banking segment and to build its community banking franchise in Atlanta.
BRANDS/DIVISIONS/AFFILIATES: Tucker Federal Bank Eagle Real Estate Advisors Eagle Bancshares Capital Group, Inc.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. C. Jere Sechler, Jr., CEO C. Jere Sechler, Jr., Pres. Sheila E. Ray, CFO Richard B. Inman, Jr., Corp. Sec. Richard B. Inman, Jr., Treas.
Phone: 770-908-6690 Fax: 770-908-6685 Toll-Free: Address: 4419 Cowan Rd., Tucker, GA 30084-4441 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 12 months. 2001 Sales: $110,300 (12 months) 2001 Profits: $-1,400 (12 months) 2000 Sales: $110,400 2000 Profits: $9,500 Stock Ticker: EBSI 1999 Sales: $116,221 1999 Profits: $10,222 Employees: 475 1998 Sales: $88,249 1998 Profits: $7,210 Fiscal Year Ends: 3/31 1997 Sales: $76,696 1997 Profits: $3,746
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Y Profit Sharing: Top Exec. Salary: $210,000 Stock Purch. Plan: Second Exec. Salary: $180,000 Focus on small and middle market customers.
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Southeast: Y
Bonus: Bonus:
$65,760 $36,072
Northeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
300
www.plunkettresearch.com
EATON VANCE CORP
www.eatonvance.com
Industry Group Code: 523920 Ranks within this company's industry group: Sales: 9 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Y
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt. :
Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 7
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Investment Management/Mutual Funds
Eaton Vance Corporation's principal business is creating, marketing and managing mutual funds and providing investment management and counseling services to institutions and individuals. The company has been in the investment management business for over 70 years. Eaton Vance conducts its investment management and counseling business through two subsidiaries, Eaton Vance Management and Boston Management and Research. The company provides investment advisory and administration to over 70 funds and to over 800 separately managed individual and institutional accounts. The company has continued to focus on developing products that are managed to maximize after-tax returns. As part of this focus, the company introduced the TaxManaged Value Fund, Tax-Managed Capital Appreciation Fund and the Tax-Managed Young Shareholder Fund. The company recently acquired Atlanta Capital Management Company and Fox Asset Management, both leading institutional investment management firms. The acquisition increased Eaton Vance's current assets under management by approximately 17 percent to $54.6 billion.
BRANDS/DIVISIONS/AFFILIATES: Eaton Vance Management Boston Management and Research Eaton Vance Distributors, Inc. Energex Energy Corporation Northeast Properties, Inc. Investor's Bank & Trust Company Atlanta Capital Management Company Fox Asset Management
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. James B. Hawkes , CEO James B. Hawkes , Pres. William M. Steul, CFO Alan R. Dynner, Corp. Sec. Alan R. Dynner, Chief Legal Officer Jeffrey P. Beal, Chief Admin. Officer William M. Steul, Treas. Laurie G. Hylton, Chief Acc. Officer Duncan W. Richardson, Chief Equity Investment Officer Wharton P. Whitaker, Pres., Eaton Vance Distribution Thomas E. Faust, Jr., Chief Investment Officer
Phone: 617-482-8260 Fax: 617-482-2396 Toll-Free: Address: 255 State Street, Boston, MA 02109 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 12 months. 2001 Sales: $486,400 (12 months) 2001 Profits: $116,000 (12 months) 2000 Sales: $429,600 2000 Profits: $116,100 Stock Ticker: EV 1999 Sales: $349,000 1999 Profits: $15,800 Employees: 438 1998 Sales: $249,987 1998 Profits: $30,523 Fiscal Year Ends: 10/31 1997 Sales: $200,910 1997 Profits: $40,234
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Top Exec. Salary: $ Second Exec. Salary: $ Provides a variety of financial services and products.
Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
Profit Sharing: Y
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Bonus: Bonus:
Southeast:
$ $
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
www.plunkettresearch.com
301
EFC BANCORP INC
www.efcbancorp.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 156 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Y Y
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 153
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking/Savings Associations Real Estate Investment Brokerage
EFC Bancorp, Inc. is a savings and loan holding company that operates primarily through its subsidiary, Elgin Financial Savings Bank. Elgin Financial Savings Bank, formerly Elgin Financial Center, offers traditional savings deposits and loan products to its local community in Illinois. Its primary lending activities include mortgage loans for one- to four-family residences. Loans for multifamily residences, commercial real estate, construction, land, commercial business and other purposes are also provided. Elgin Financial Foundation was recently created as a way for the company to provide funding to support charitable causes designed to further community development, expand home ownership opportunities, provide access to affordable housing and to support community organizations that contribute to the quality of life in EFSB's market area and neighboring communities. EFSB's primary lending and deposit gathering area is concentrated around the areas where its full-service banking facilities are located. In the company's other line of business, EFC's subsidiary, Fox Valley, develops joint venture real estate projects. Fox Valley's subsidiary, Elgin Agency, Inc., sells tax-deferred annuity products.
BRANDS/DIVISIONS/AFFILIATES: Elgin Financial Savings Bank Fox Valley Elgin Agency, Inc. Elgin Financial Center
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Barrett J. O'Connor, CEO Barrett J. O'Connor, Pres. James J. Kovac, CFO Stephen P. Dubois, Sr. VP-Mktg. Ursula Wilson, Corp. Sec. James J. Kovac, Treas. R. Scott Reining, Sr. VP-Chief Commercial Lending Officer Vincent C. Norton, Sr. VP-Loan Originations of the Bank
Phone: 847-741-3900 Fax: 847-741-1655 Toll-Free: Address: 1695 Larkin Avenue, Elgin, IL 60123 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $33,800 ( 9 months) 2001 Profits: $3,100 ( 9 months) 2000 Sales: $41,100 2000 Profits: $3,900 Stock Ticker: EFC 1999 Sales: $33,200 1999 Profits: $4,000 Employees: 157 1998 Sales: $29,222 1998 Profits: $ 264 Fiscal Year Ends: 12/31 1997 Sales: $25,278 1997 Profits: $2,688
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Y Profit Sharing: Top Exec. Salary: $215,000 Stock Purch. Plan: Second Exec. Salary: $183,667 The company is expanding through constructing new facilities.
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest: Y
Southeast:
Bonus: Bonus:
$40,000 $35,000
Northeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
302
www.plunkettresearch.com
ELECTRONIC CLEARING HOUSE INC Industry Group Code: 522320 Ranks within this company's industry group: Sales: 12 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Y Y Y
www.echo-inc.com Profits: 8
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
Y
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Credit Card Processing, Financial Services Point-of-Sale Equipment Internet Transaction Delivery Check Guarantee Services Integrated Software Applications
Electronic Clearing House, Inc. is an electronic payments processor of credit card, debit card and/or check activity for over 58,000 merchants nationally. ECHO also provides nationwide check verification services and electronic and traditional check collection services. The company has developed and maintains three methods of payment tracking: over the internet, various point-of-sale terminals, a fax machine and both cellular and touch-tone phones. The company's largest client is U-Haul International, whose dealers represent approximately 15,000 merchants. ECHO provides several services to U-Haul dealers that include credit card processing, inventory tracking and dealer compensation management and reporting to U-Haul corporate. The company also has developed software and hardware for these services: Electronic Funds Transfers (EFT), the electronic movement and settlement of funds from a buyer to a seller; Network Management, the design and management of numerous interactive communications systems; Specialized Point-Of-Sale (POS) Equipment, the design and manufacture of POS terminals and printers with unique qualities and functionality; and Integrated Software Applications, credit card clearing, money order issuance, inventory tracking, cash advance, check guarantee, etc. The National Credit Card Reserve Corporation, a subsidiary of ECHO, accounts for approximately 84% of the firm's revenues. NCCR presently provides 24-hour daily credit card processing capability, 800 number access to customer service personnel and, as needed, various field support services. ECHO recently entered into an agreement with Provident Bank for electronic check services.
BRANDS/DIVISIONS/AFFILIATES: National Credit Card Reserve Corp. XpressCheX, Inc. Rocky Mountain Retail System Computer Based Controls, Inc. National Credit Card Reserve Corp. ECHOonline ECHO Payment Services
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Joel M. Barry, CEO Joel M. Barry, Pres. Alice L. Cheung, CFO Greg Imlay, Dir.-Mktg. Luana Jackman, Dir.-Human Resources Rick Slater, Chief Tech. Officer Lawrence Brown, CIO Donna L. Camras-Rehman, Corp. Sec. R. Marshall Frost, General Counsel Patricia Atlas Williams , VP-Corp. Pr ogram Management. Donna L. Camras-Rehman, VP-Investor Relations Alice L. Cheung, Treas. Jack Wilson, VP-Credit Card Services
Phone: 818-706-8999 Fax: 818-597-8999 Toll-Free: 800-233-0406 Address: 28001 Dorothy Drive, Agoura Hills , CA 91301-2697 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 12 months. 2001 Sales: $29,900 (12 months) 2001 Profits: $ 400 (12 months) 2000 Sales: $28,340 2000 Profits: $ 291 Stock Ticker: ECHO 1999 Sales: $23,828 1999 Profits: $2,618 Employees: 162 1998 Sales: $21,063 1998 Profits: $1,154 Fiscal Year Ends: 9/30 1997 Sales: $18,623 1997 Profits: $ 328
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Profit Sharing:
Top Exec. Salary: $203,000 Bonus: $25,500 Second Exec. Salary: $117,850 Bonus: $7,000 Provides innovative processing and electronic support services, including a secure system for Internet transactions.
Apparent Women Officers or Directors: 4 Hot Spot for Advancement for Women/Minorities: Y
LOCATIONS: ("Y" = Yes) West: Y
Southwest:
Midwest:
Southeast: Y
Northeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
www.plunkettresearch.com
303
E-LOAN INC
www.eloan.com
Industry Group Code: 522310A Ranks within this company's industry group: Sales: 1 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Y
Profits: 1
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y Y
Servi ces: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
Y
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Online Mortgage Broker Mortgage and Auto Loans Small Business Loans Credit Cards
E-LOAN is an online provider of mortgages, auto loans, credit cards and small business loans. The E-LOAN web site offers a variety of services for borrowers, including comparisons of loans from the nation’s leading lenders, tools for managing debt, exclusive 24-hour loan status access, automatic notification regarding new products that meet specific customer needs and a host of other useful services. E-LOAN has strategic partnerships with companies such as Yahoo!, CBS Market Watch, Kelley Blue Book, telebank, iNSWEB, USATODAY.com, financecenter.com, SmartMoney.com, GoTo.com, NewRealty.com and Homes.com. A joint venture between E-LOAN and eVentures acquired flexemortgage.com, the leading central online source of information for flexible mortgages in the United Kingdom. E-LOAN has announced it has renewed its warehouse line of credit, which is available for borrowings for interim financing of mortgage loans. E-LOAN has also recently renewed its warehouse line of credit with GMAC. The firm recently introduced a low cost guaruntee, assuring customers that its combination of low rate, points and lender or broker fees is the lowest cost loan available. In other recent news, E-LOAN has expanded into the education loan market, providing federal education loans such as Stafford and PLUS loans as well as private alternative education loans.
BRANDS/DIVISIONS/AFFILIATES: Benchmark Capital eVentures Rate Watch Mortgage Monitor CarFinance.com flexemortgage.com
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Chris Larsen, CEO Joseph Kennedy, Pres. Joseph Kennedy, COO Matthew Roberts, CFO Steven M. Majerus, VP-Mktg. Ro Carbone, Mgr.-Human Resources Cameron King, Sr. VP-Integrated Tech. William Crane, Sr. VP-Eng. Frank Siskowski, Sec. Harold Bonnikson, Sr. VP-Oper. Joseph Kennedy, Sr. VP-Bus. Dev. Tiffany Kelley, Public Rel. Mgr. Harold Bonnikson, Mortgage Oper. Etienne Handman, Eng. Stephen Herz, Auto Oper. Steve Majerus, Mortgage Banking Oper.
Phone: 925-241-2400 Fax: 925-556-2178 Toll-Free: 888-356-2622 Address: 5875 Arnold Road, Bldg. 100, Dublin, CA 94568 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $48,500 ( 9 months) 2001 Profits: $-41,400 ( 9 months) 2000 Sales: $35,879 2000 Profits: $-91,760 Stock Ticker: EELN 1999 Sales: $22,100 1999 Profits: $-73,000 Employees: 355 1998 Sales: $6,800 1998 Profits: $-11,200 Fiscal Year Ends: 12/31 1997 Sales: $1,000 1997 Profits: $-1,400
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Profit Sharing: Top Exec. Salary: $200,000 Stock Purch. Plan: Y Second Exec. Salary: $170,000 Excellent technology that serves an immense market.
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Apparent Women Officers or Directors: 2 Hot Spot for Advancement for Women/Minorities: Y
LOCATIONS: ("Y" = Yes) West: Y
Southwest:
Midwest:
Southeast: Y
Bonus: Bonus:
$ $
Northeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International: Y
304
www.plunkettresearch.com
EMC INSURANCE GROUP INC
www.emcinsurance.com
Industry Group Code: 524113 Ranks within this company's industry group: Sales: 78 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 86
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Insurance Company-Underwriting Nonstandard Risk Automobile Insurance Excess and Surplus Lines of Insurance Reinsurance Property and Casualty Insurance
EMC Insurance Group Inc. is an insurance holding company with operations in property and casualty insurance, reinsurance, nonstandard risk automobile insurance and an excess and surplus lines insurance agency. With its home office in Des Moines, Iowa, operations of EMC Insurance Group and Employers Mutual Casualty Company are concentrated in regions of the country that management believes have a favorable insurance environment. Approximately 77% of the firm's direct property and casualty premium income is derived from commercial lines of insurance. The subsidiaries of EMC Insurance Group Inc. and Employers Mutual provide insurance coverages and services to more than 2,900 select independent agencies through 18 branch offices. Increased growth will come from new products, new territories and new affiliations with qualified and experienced agents, building on EMC's current agency base. The company offers its employees medical, dental and life coverage, as well as education benefits, in-house training programs and a college savings program.
BRANDS/DIVISIONS/AFFILIATES: Dakota Fire Insurance Company EMC Reinsurance Company Farm and City Insurance Company EMCASCO Insurance Company Illinois EMCASCO Insurance Company EMC Underwriters, Inc.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Bruce G. Kelley, CEO Bruce G. Kelley, Pres. William A. Murray, COO Mark E. Reese, CFO Douglas J. Zmolek, V P-Human Resources John D. Isenhart, Sr. VP-Tech. Donald D. Klemme, VP-Admin. Ronald W. Jean, VP-Corp. Dev. Raymond W. Davis, Sr. VP-Investments David O. Narigon, Sr. VP-Claims Steven C. Peck, VP-Actuarial
Phone: 515-280-2511 Fax: 515-280-2895 Toll-Free: 800-247-2128 Address: 717 Mulberry Street, Ste. 900, Des Moines , IA 503093816 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $216,800 ( 9 months) 2001 Profits: $- 800 ( 9 months) 2000 Sales: $263,500 2000 Profits: $2,300 Stock Ticker: EMCI 1999 Sales: $239,300 1999 Profits: $- 800 Employees: 2,046 1998 Sales: $226,705 1998 Profits: $6,013 Fiscal Year Ends: 12/31 1997 Sales: $205,300 1997 Profits: $13,217
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Profit Sharing: Stock Purch. Plan: Y Focus on commercial lines.
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Apparent Women Officers or Directors: Hot Spot for Advancement for Women/Minorities:
Top Exec. Salary: $398,856 Second Exec. Salary: $261,793
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest: Y
Southeast:
Bonus: Bonus:
$ $
Northeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
www.plunkettresearch.com
305
ENHANCE FINANCIAL SERVICES GROUP INC www.efsgroup.com Industry Group Code: 524298 Ranks within this company's industry group: Sales: Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits:
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Financial Guaranty Insurance Reinsurance
Enhance Financial Services Group Inc. is a leading provider of credit-based insurance and financial services. The company's subsidiaries and affiliates provide financial guaranty insurance and reinsurance and other creditbased products and services in a wide variety of domestic and international niche markets. Recently, Radian Group, Inc. purchased Enhance, making it a new Radian subsidiary. In its markets, Enhance Financial is typically among the top two or three service providers based on market share. The company's largest business is providing reinsurance to the monoline primary financial guaranty insurers for both municipal bonds and nonmunicipal obligations. Enhance Financial has also successfully diversified into three other insurance lines: direct financial guaranty insurance, trade credit reinsurance and financial institutions credit insurance, which includes excess-SIPC coverage and related products. The company's insurance operations are primarily conducted through two subsidiaries: Enhance Reinsurance Company and Asset Guaranty Insurance Company. In recent news, Enhance and MGIC formed a joint venture to purchase, service and securitize delinquent consumer assets. The new joint venture has acquired assets of Sherman Financial Group, LLC and will operate under that name.
BRANDS/DIVISIONS/AFFILIATES: Exporters Insurance Company Ltd. Asset Guaranty Insurance Company Singer Asset Finance Company, LLC Seguradora Brasileira de Fiancas S.A. AGS Financial LLC C-BASS Sherman Financial Group LLC Radian Group, Inc.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Daniel Gross, CEO Daniel Gross, Pres. Richard P. Lutenski, CFO Samuel Bergman, Corp. Sec. Elaine J. Eisenman, Chief Administrative Officer
Phone: 212-983-3100 Fax: 212-682-5377 Toll-Free: Address: 355 Madison Avenue, New York, NY 10017 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for months. 2001 Sales: $ ( months) 2001 Profits: $ ( months) 2000 Sales: $ 2000 Profits: $ Stock Ticker: Subsidiary 1999 Sales: $217,400 1999 Profits: $68,600 Employees: 265 1998 Sales: $221,300 1998 Profits: $82,500 Fiscal Year Ends: 12/31 1997 Sales: $179,200 1997 Profits: $68,800
SALARIES/BENEFITS: Pension Plan: Y Savings Plan:
ESOP Stock Plan: Stock Purch. Plan:
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Profit Sharing:
Top Exec. Salary: $ Second Exec. Salary: $
Bonus: Bonus:
$ $
Growth through acquisitions.
Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest:
Southeast: Y
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International: Y
306
www.plunkettresearch.com
EQUIFAX INC
www.equifax.com
Industry Group Code: 561450 Ranks within this company's industry group: Sales: 1 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Y
Profits: 1
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing: Y
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Credit Reporting, Financial Services Online Payment Services Check Authorization Credit Risk Consulting
Equifax, Inc. is America's largest credit reporting agency, with information about approximately 300 million credit holders worldwide. In addition to publishing credit reports, Equifax authorizes checks, provides credit card processing services and offers database marketing advice and credit risk consulting and software products. To tap into the growing e-commerce industry, the company is working with such companies as Sun and Netscape to develop secured identity products for business transactions. Equifax customers include banks and retail stores in the U.S. as well as Canada, Latin America and the U.K. Recently, the firm introduced Equifax PayNet Secure, a comprehensive online check and card payment solution. Equifax also introduced Equifax Behavioral Insights, one of two new products from the Equifax Dimensions knowledge management platform, that is designed to facilitate a better understanding of consumer credit utilization patterns to significantly enhance credit marketing programs. Geographic Data Technology, Inc. has recently purchased Compusearch, Inc.’s geography assets from the company. The rest of Compusearch, Inc. was bought by MapInfo Corporation. The firm’s U.K.based vehicle information business, HPI, was sold to IMVA, a vehicle mileage verification specialist. While it has divested these operations, Equifax has made several acquisitions as well, including those of Compliance Data Center, Inc. and SEK S.r.l., an Italian online information company. The newly acquired operation will become part of Equifax Europe. The company’s most recently launched product, elDverifier, is an online verification solution that verifies a customer’s identity and protects their information from being used fraudulently by others. The product, like recently-released QuickMatch, is designed to aid in online or shop-by-phone purchasing transactions. Equifax Credit Watch was named one of the 25 best products of 2001 by Business Week Magazine.
BRANDS/DIVISIONS/AFFILIATES: Equifax PayNet Secure Equifax Behavioral Insights Compliance Data Center, Inc. SEK S.r.l. elDverifier QuickMatch First Bankcard Systems, Inc. Credit Union Card Services, Inc.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Thomas F. Chapman, CEO Lee A. Kennedy , Pres. Lee A. Kennedy , COO Phillip J. Mazzilli, CFO Karen H. Gaston, Corp. VP-Human Resources C. Richard Crutchfield, Group Exec., Europe/Chief Tech. Officer Michael T. Volkommer, Corp. VP/Controller Marietta Edmunds Zakas, Corp. Sec. Bruce S. Richards , Corp. VP/General Counsel Karen H. Gaston, Chief Admin. Officer Karen H. Gaston, Corp. VP-Community Relations Marietta Edmunds Zakas, Corp. VP-Comm. & Investor Relations Michael J. Schirk, Treas. William R. Phinney, Exec. VP/Group Exec.-Latin America Larry J. Towe, Exec. VP-Payment Services Richard Crutchfield, Exec. VP/Group Exec.-Europe Kent E. Mast, Chief Legal Officer
Phone: 404-885-8000 Fax: 404-885-8682 Toll-Free: 800-685-1111 Address: 1550 Peachtree St., NW, PO Box 4081, Atlanta, GA 30309 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $857,100 ( 9 months) 2001 Profits: $113,400 ( 9 months) 2000 Sales: $1,965,881 2000 Profits: $228,022 Stock Ticker: EFX 1999 Sales: $1,772,694 1999 Profits: $215,877 Employees: 12,200 1998 Sales: $1,620,978 1998 Profits: $193,433 Fiscal Year Ends: 12/31 1997 Sales: $1,366,087 1997 Profits: $183,737
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Profit Sharing:
Top Exec. Salary: $698,078 Bonus: $194,711 Second Exec. Salary: $443,846 Bonus: $131,591 Databanks on consumers' credit and health care claims/Largest credit bureau in the U.S.
Apparent Women Officers or Directors: 2 Hot Spot for Advancement for Women/Minorities: Y
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International: Y
www.plunkettresearch.com
307
EQUITABLE BANK
www.eqsb.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 169 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 172
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking/Savings Associations Mortgages Consumer Finance Stock Brokerage
Equitable Bank is principally engaged in the business of attracting deposits from the general public and using such deposits, together with borrowings and other funds, to originate permanent real estate mortgage loans, consumer loans and other loans and investments. Recently, the company opened a securities brokerage and investment advisory service. Through a partnership with UVEST Investment Securities of Charlotte, North Carolina, Equitable can now provide a full range of securities brokerage services, including financial planning, professional money management, stocks, bonds, mutual funds and annuities. UVEST is a registered broker-dealer and member of both the National Association of Securities Dealers and the Securities Investment Protection Corporation. Equitable is also offering a new credit card program in affiliation with MBNA America.
BRANDS/DIVISIONS/AFFILIATES: UVEST Investment Services
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Timothy F. Veith, CEO Timothy F. Veith, Pres. David E. Hynes, Exec. VP/CFO Elein S. Ayoub, Controller Kathleen T. Yamada, Sr. VP/Corp. Sec. Daniel A. Russo, Sr. VP/Treas.
Phone: 302-949-6500 Fax: 301-929-5442 Toll-Free: 800-638-8528 Address: 11501 Georgia Avenue, Wheaton, MD 20902 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 12 months. 2001 Sales: $34,100 (12 months) 2001 Profits: $2,300 (12 months) 2000 Sales: $32,700 2000 Profits: $2,600 Stock Ticker: EQSB 1999 Sales: $27,700 1999 Profits: $2,400 Employees: 71 1998 Sales: $23,668 1998 Profits: $3,195 Fiscal Year Ends: 9/30 1997 Sales: $21,750 1997 Profits: $2,259
SAL ARIES/BENEFITS: Pension Plan: Y Savings Plan:
ESOP Stock Plan: Stock Purch. Plan:
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Top Exec. Salary: $ Second Exec. Salary: $ Expanding its already diversified services.
Apparent Women Officers or Directors: Hot Spot for Advancement for Women/Minorities:
Profit Sharing:
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Bonus: Bonus:
Southeast:
$ $
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
308
www.plunkettresearch.com
EQUIVEST FINANCIAL INC
www.equivest.com
Industry Group Code: 522220A Ranks within this company's industry group: Sales: 4 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 8
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing: Y
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Time Share Resort Development Time Share Mortgages
Equivest Financial, Inc., finances timeshare projects throughout the United States and in selected foreign markets and is a leading developer and operator of timeshare resorts located in New England. Through its Resort Funding, Inc. subsidiary, Equivest has provided financing to resort developers through acquisition and development loans, hypothecation loans, the purchase of developers' vacation ownership interests and through the direct financing of resort properties to be developed and sold to consumers pursuant to timeshare interval programs. Through the acquisition of several resorts, Equivest entered the timeshare development business, as a complement to its timeshare financing business. The company seeks to become a full-service lender and developer in the timeshare industry. Recently, the company was purchased by real-estate company Cendant Corporation. Cendant has entered into an agreement to purchase one of the largest independent developers in the industry, a direct competitor of Equivest. This move has caused Equivest to allow the expiration of several of its exchange services.
BRANDS/DIVISIONS/AFFILIATES: Resort Funding, Inc. Eastern Resorts Company LLC Cendant Corporation
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Richard C. Breedan, CEO Richard C. Breedan, Pres. Gerald L. Klaben, Jr., CFO James R. Petrie, Controller Richard G. Winkler, Corp. Sec. Richard G. Winkler, General Counsel Gerald L. Klaben, Jr., Treas.
Phone: 203-618-0065 Fax: 203-618-0063 Toll-Free: Address: 100 Northfield Street, Greenwich, CT 06830 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $92,200 ( 9 months) 2001 Profits: $6,400 ( 9 months) 2000 Sales: $158,300 2000 Profits: $10,400 Stock Ticker: EQUI 1999 Sales: $94,400 1999 Profits: $8,700 Employees: 1,560 1998 Sales: $29,600 1998 Profits: $5,200 Fiscal Year Ends: 12/31 1997 Sales: $16,000 1997 Profits: $3,200
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Top Exec. Salary: $351,662 Second Exec. Salary: $230,783 Specializes in the time share niche/Record of rapid, profitable growth.
Apparent Women Officers or Directors: Hot Spot for Advancement for Women/Minorities:
Profit Sharing: Y
LOCATIONS: ("Y" = Yes) West:
Southwest: Y
Midwest: Y
Southeast: Y
Bonus: Bonus:
$65,000 $50,000
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
www.plunkettresearch.com
309
ERIE FAMILY LIFE INSURANCE COMPANY www.erieinsurance.com Industry Group Code: 524113 Ranks within this company's industry group: Sales: 92 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 65
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Insurance Company-Underwriting Life Insurance Reinsurance Property and Casualty Insurance
Erie Family Life Insurance Company is primarily engaged in the business of underwriting and selling nonparticipating individual and group life insurance policies, including universal life. The company also sells individual and group annuities. Erie Family Life is partially owned by both Erie Indemnity Company and Erie Insurance Exchange. The principal business of Erie Indemnity Company is to manage Erie Insurance Exchange. Erie Indemnity Company is also engaged in the property and casualty insurance business through its subsidiaries and through its management of Flagship City Insurance Company, a subsidiary of Erie Insurance Exchange. Together with Erie Insurance Exchange, Erie Indemnity Company and its subsidiaries and affiliates, including the company, operate collectively under the name Erie Insurance Group. Erie Family Life's portfolio of life insurance includes the usual forms of permanent life, endowment and term policies, including whole life, family income, mortgage and decreasing term, group and universal life insurance. Life insurance premiums and annuity deposits have been the primary sources of cash inflows for the company. Erie Family Life reinsures with other insurance companies under a number of different reinsurance agreements. The company offers employees medical, dental and life insurance, tuition reimbursement and professional development courses.
BRANDS/DIVISIONS/AFFILIATES: Erie Indemnity Company Erie Insurance Exchange Erie Insurance Company Erie Insurance Company of New York Erie Insurance Property & Casualty Company Flagship City Insurance Company Erie Insurance Group
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Stephen A. Milne, CEO Stephen A. Milne, Pres. Philip A. Garcia, CFO Timothy G. NeCastro, Controller Jan R. Van Gorder, Corp. Sec. Jan R. Van Gorder, General Counsel Douglas F. Ziegler, Chief Investment Officer Douglas F. Ziegler, Treas.
Phone: 814-870-2000 Fax: 814-870-2095 Toll-Free: Address: 100 Erie Insurance Place, Erie, PA 16530 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $79,000 ( 9 months) 2001 Profits: $11,600 ( 9 months) 2000 Sales: $115,400 2000 Profits: $25,400 Stock Ticker: ERIF 1999 Sales: $102,900 1999 Profits: $23,300 Employees: 116 1998 Sales: $96,210 1998 Profits: $22,085 Fiscal Year Ends: 12/31 1997 Sales: $91,037 1997 Profits: $19,560
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Profit Sharing: Y
Top Exec. Salary: $ Second Exec. Salary: $
Bonus: Bonus:
$ $
Relationship with Erie Indemnity.
Apparent Women Officers or Directors: Hot Spot for Advancement for Women/Minorities:
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest: Y
Southeast: Y
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
310
www.plunkettresearch.com
ERIE INDEMNITY CO
www.erie-insurance.com
Industry Group Code: 524113 Ranks within this company's industry group: Sales: 59 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 37
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Insurance Company-Underwriting
Erie Indemnity Company was formed to be the attorney-infact for Erie Insurance Exchange, a reciprocal insurance exchange. The company’s business activities consist of management of the affairs of Erie Insurance Exchange. Erie Indemnity is also engaged in the property/casualty insurance business through its subsidiaries , Erie Insurance Company, Erie Insurance Property & Casualty Company and Erie Insurance Company of New York and through its management of Flagship City Insurance Company, a subsidiary of Erie Insurance Exchange. The Erie Insurance Group property/casualty insurers managed by the company write both personal and commercial lines of business. The commercial lines consist primarily of commercial automobile, commercial multi-peril and workers’ compensation insurance. The personal lines consist primarily of automobile and homeowners insurance. Erie Family Life Insurance Company is primarily engaged in the business of underwriting and selling non-participating individual and group life insurance policies, including universal life and individual and group annuity products. The company is famous for never having laid any employees off during its entire history and for fostering a family-like spirit. Workers are in the office for 7.5 hours a day, and everyone gets one hour for lunch on top of two other official breaks. Erie employees address each other on a first-name basis, and the company practices an aggressive minority recruiting program. In fact, more women than men work at Erie.
BRANDS/DIVISIONS/AFFILIATES: Erie Insurance Exchange Erie Indemnity Holding Corporation Erie Indemnity Service Corporation Erie Insurance Company Erie Insurance Property & Casualty Company Erie Family Life Insurance Company Flagship City Insurance Company Erie Insurance Company of New York
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Stephen A. Milne, CEO Stephen A. Milne, Pres. Philip A. Garcia, Exec. VP/CFO Dennis M. Geib, Sr. VP-Human Resources John C. Bender, Sr. VP-MIS Timothy G. NeCastro, Sr. VP/Controller Jan R. Van Gorder, Sr. Exec. VP/General Counsel Jeffrey A. Ludrof , Exec. VP-Insurance Oper. Douglas F. Ziegler, Treas. John J. Brinling, Exec. VP
Phone: 814-870-2000 Fax: 814-870-2095 Toll-Free: 800-367-3743 Address: 100 Erie Insurance Place, Erie, PA 16530 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $641,400 ( 9 months) 2001 Profits: $116,300 ( 9 months) 2000 Sales: $773,600 2000 Profits: $152,400 Stock Ticker: ERIE 1999 Sales: $711,100 1999 Profits: $143,100 Employees: 3,440 1998 Sales: $668,100 1998 Pr ofits: $134,600 Fiscal Year Ends: 12/31 1997 Sales: $626,200 1997 Profits: $118,600
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Top Exec. Salary: $677,606 Bonus: $627,417 Second Exec. Salary: $359,167 Bonus: $268,681 The company is engaged in several aspects of the insurance business/Highly profitable.
Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
Profit Sharing:
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest: Y
Southeast: Y
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
www.plunkettresearch.com
311
ESB FINANCIAL CORP
www.esbbank.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 129 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 131
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking/Savings Associations Consumer Finance Mortgages
ESB Financial Corporation is a thrift holding company that provides a wide range of retail and commercial financial products and services to customers in western Pennsylvania through its wholly-owned subsidiary bank, ESB Bank, F.S.B. The company is also the parent company of PennFirst Financial Services, Inc., a corporation engaged in the management of certain investment activities; PennFirst Capital Trust I, a business trust established to facilitate the issuance of trust preferred securities to the public; and THF, Inc., a corporation established to provide loan closing services and issue title insurance. ESB Bank conducts business through 16 offices in Pennsylvania and operates a wholly-owned subsidiary, AMSCO, Inc., which engages in the management of certain real estate development partnerships. The bank is a financial intermediary whose principal business consists of attracting deposits from the general public and investing in real estate loans secured by liens of residential and commercial properties, consumer loans, commercial business loans, securities and interest-earning deposits. The company recently acquired Pittsburgh-based SHS Bancorp, Inc. and its subsidiary Spring Hill Savings Bank, F.S.B. The company offers employees medical, dental and life insurance as well as education assistance, wellness programs and employee discounts.
BRANDS/DIVISIONS/AFFILIATES: ESB Bank, F.S.B. AMSCO, Inc. ESB Bank Building Associates THF, Inc. Spring Hill Savings Bank, F.S.B. PennFirst Financial Services, Inc. PennFirst Capital Trust I SHS Bancorp
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Charlotte A. Zuschlag, CEO Charlotte A. Zuschlag, Pres. Charles P. Evanoski, CFO John T. Stunda, Sr. VP-Human Resources Frank D. Martz, Corp. Sec. Frank D. Martz, VP-Oper. Todd F. Palkovich, Sr. VP-Lending Robert C. Hilliard, Sr. VP-Internal Audit, Compliance and Loan Review
Phone: 724-758-5584 Fax: 724-758-0576 Toll-Free: Address: 600 Lawrence Ave., Ellwood City, PA 16117 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $63,700 ( 9 months) 2001 Profits: $5,300 ( 9 months) 2000 Sales: $81,400 2000 Profits: $6,700 Stock Ticker: ESBF 1999 Sales: $67,900 1999 Profits: $5,800 Employees: 228 1998 Sales: $63,791 1998 Profits: $6,001 Fiscal Year Ends: 12/31 1997 Sales: $55,011 1997 Profits: $5,447
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Y Profit Sharing: Top Exec. Salary: $285,090 Stock Purch. Plan: Second Exec. Salary: $109,339 Expanding through opening new branches.
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Southeast:
Bonus: Bonus:
$140,200 $26,800
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
312
www.plunkettresearch.com
EURONET WORLDWIDE INC
www.euronetservices.com
Industry Group Code: 522320 Ranks within this company's industry group: Sales: 11 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Y Y
Profits: 13
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Y Y Y
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Transaction Intermediary Electronic Financial Transaction Solutions ATM Network Operation
Euronet Worldwide, Inc. is a leading provider of secure electronic financial transaction solutions. The company provides financial payment middleware, financial network gateways, outsourcing and consulting services to financial institutions, retailers and mobile operators. Recently, Euronet Worldwide reached a multiyear outsourcing agreement with BWR/Deutsche Bank Poland. Under the terms of the agreement, the firm manages the daily issuance of VISA Electron cards, authorizes and processes debit transactions and offers BWR/Deutsche Bank Poland a gateway to the VISA network. Moreover, the company operates an independent network of over 2,600 ATMs in Europe and the United States and, through its Euronet USA, Inc. subsidiary, offers a suite of integrated software solutions for electronic payment and transaction delivery systems. In order to increase the number of transactions on its ATM network, the firm has introduced Diamond Link, a product that combines IBM hardware and Euronet Worldwide’s software and enables banks to rapidly implement card issuance programs. The market for this product appears to be strongest among banks that want to issue a small number of cards or initiate their first card programs. In the Spring of 2001, Euronet Worldwide and National Telecommunications Company formed Cashnet, a branded Electronic Fund Transfer network. The joint venture was created in order to develop and operate an ATM network for banks and card issuers in Egypt.
BRANDS/DIVISIONS/AFFILIATES: Euronet USA, Inc. Diamond Link Cashnet National Telecommunications Company
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Michael J. Brown, CEO Daniel R. Henry, Pres. Daniel R. Henry, COO Kendall Coyne, CFO David Morgan, Exec. VP-Global Sales Jeffrey B. Newman, General Counsel Donna Halpin, VP-Global Oper. David Morgan, Exec. VP-Bus. Dev. Gil Anderson, VP-e-commerce Software Solutions Sheila Glasscock, VP-Software Solutions Doug Goodwin, VP-Software Solutions James P. Jerome, VP-Delivery Kenneth L. Kerr, Pres., Dash Network
Phone: 913-327-4200 Fax: 913-327-1921 Toll-Free: Address: 4601 College Blvd., Ste. 300, Leawood, KS 66211 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $46,400 ( 9 months) 2001 Profits: $1,200 ( 9 months) 2000 Sales: $52,700 2000 Profits: $-49,600 Stock Ticker: EEFT 1999 Sales: $41,500 1999 Profits: $-30,900 Employees: 478 1998 Sales: $11,900 1998 Profits: $-28,400 Fiscal Year Ends: 12/31 1997 Sales: $5,300 1997 Profits: $-8,000
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Profit Sharing: Y
Top Exec. Salary: $202,000 Second Exec. Salary: $171,135 Focus on serving the electronic funds transfer needs of client banks.
Apparent Women Officers or Directors: 2 Hot Spot for Advancement for Women/Minorities: Y
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest: Y
Southeast: Y
Bonus: Bonus:
$20,000 $
Northeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International: Y
www.plunkettresearch.com
EVEREST RE GROUP LTD
www.everestregroup.com
Industry Group Code: 524130 Ranks within this company's industry group: Sales: 4 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
313 Profits: 2
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Reinsurance Property and Casualty Reinsurance Health Reinsurance
Everest Re Group, Ltd., formerly known as Everest Reinsurance Holdings, Inc., is a world leader in property and casualty reinsurance and insurance, offering innovative products and responsive service. Primary insurance products and services are available through several subsidiary operations including Everest National Insurance Company, Everest Indemnity Insurance Company and Everest Insurance Company of Canada. Everest National Insurance Company provides property and casualty insurance and Everest Indemnity Insurance Company offers excess and surplus lines insurance. The company also owns Mt. McKinley Insurance Company, formerly Gibraltar Casualty Company. Another subsidiary, Everest Reinsurance Bermuda, Ltd., has a business strategy of disciplined underwriting, effective management of the underwriting cycle, management of catastrophe exposures and expense control. Everest Reinsurance Bermuda maintains a conservative underwriting strategy emphasizing profitability rather than premium volume, the writing of specialized risks, exercising prudent risk selection and obtaining appropriate pricing through strict underwriting discipline. The subsidiary also focuses on worldwide and country-specific reinsurance and insurance risks where local jurisdiction licensing is not required or where such licensing can be effectively accommodated. Everest Re Group, Ltd. offers a competitive compensation and employee benefits program, which includes a retirement plan.
BRANDS/DIVISIONS/AFFILIATES: Everest Reinsurance Holdings, Inc. Everest Indemnity Insurance Company Everest National Insurance Company Everest Insurance Company of Canada Gibraltar Casualty Company Mt. McKinley Insurance Company Everest Reinsurance Bermuda, Ltd.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Joseph V. Taranto, CEO Thomas J. Gallagher, Pres. Thomas J. Gallagher, COO Stephen L. Limauro, CFO/Exec. VP Barry Smith, VP-Human Resources Keith T. Shoemaker, Comptroller Janet J. Burak, Sr. VP/General Counsel Frank N. Lopapa, Treas. William A. Fischer, Exec. VP-Treaty Properties Steven A. Mestman, Exec. VP-U.S. Casualty Operations Barry Smith, VP-Systems/Corp. Services James H. Foster, Sr. VP
Phone: 246-228-7389 Fax: 246-295-4828 Toll-Free: Address: Parker House Wildey Rd., St. Michael, Barbados
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $1,320,800 ( 9 months) 2001 Profits: $63,600 ( 9 months) 2000 Sales: $1,479,800 2000 Profits: $186,400 Stock Ticker: RE 1999 Sales: $1,306,700 1999 Profits: $158,100 Employees: 442 1998 Sales: $1,315,200 1998 Profits: $165,200 Fiscal Year Ends: 12/31 1997 Sales: $1,299,200 1997 Profits: $155,000
SALARIES/BENEFITS: Pension Plan: Y Savings Plan:
ESOP Stock Plan: Y Profit Sharing: Stock Purch. Plan: Conservative underwriting strategy.
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
Top Exec. Salary: $1,000,000 Second Exec. Salary: $371,923
LOCATIONS: ("Y" = Yes) West: Y
Southwest:
Midwest: Y
Southeast: Y
Bonus: Bonus:
$1,400,000 $350,000
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International: Y
314
www.plunkettresearch.com
EVISION USA.COM INC
www.evisionusa.com
Industry Group Code: 523110 Ranks within this company's industry group: Sales: 37 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Y
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Y Y
Profits: 31
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Stock Brokerage/Investment Banking Insurance Brokerage and Management High-Margin Lending Internet Services Transaction Processing Networking Healthcare Technology
eVision USA.com, Inc owns a network of companies that provide transaction processing, networking and Internetbased services, leveraged financing, high speed Internet access and design, develop and market information management software products for the healthcare industry. The firm is majority-owned by Online Credit International Limited. eVision has begun to reorganize its businesses and is moving away from simply being a securities brokerage firm. As part of this change, it is merging brokerage subsidiary American Fronteer Financial with investment bank Auerbach, Pollak and Richardson, which it owns a 25% interest in. The company now operates in five divisions. The first is eFinance, with major subsidiary eBanker USA.com, Inc. providing financial lending products and services. Its eServices division provides solutions to consumers and corporations through subsidiaries Corporate Net Solutions, Inc. and NeuroWeb, Inc. The operations of eCommunications revolve around the digital communications revolution, and its holdings include Q6 Technologies, Inc. and SkyHub Far East, Inc. (formerly Gemtron International Global, Ltd.). The eMedical division controls a group of medical information technology companies that serve health care entities. Two major companies in this segment are Global Med Technologies, Inc. and PeopleMed.com, Inc. The final division is eInformation, a group of web content providers operated mainly through eVision China.com, Inc.
BRANDS/DIVISIONS/AFFILIATES: American Fronteer Financial Corporation Auerbach, Pollak and Richardson eBanker USA.com, Inc. Corporate Net Solutions, Inc. NeuroWeb, Inc. Q6 Technologies, Inc. Online Credit International Limited Global Med Technologies, Inc.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Fai H. Chan, CEO Fai H. Chan, Pres. Tony T. W. Chan, COO Robert H. Trapp, Pres., American Fronteer Financial Corp.
Phone: 303-860-6377 Fax: 303-860-6001 Toll-Free: Address: 1700 Lincoln St., 32nd Fl., Denver, CO 80203 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $6,300 ( 9 months) 2001 Profits: $-12,900 ( 9 months) 2000 Sales: $29,800 2000 Profits: $-4,900 Stock Ticker: EVIS 1999 Sales: $34,200 1999 Profits: $-3,200 Employees: 205 1998 Sales: $27,400 1998 Profits: $-6,500 Fiscal Year Ends: 9/30 1997 Sales: $25,100 1997 Profits: $-3,500
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Y Profit Sharing: Stock Purch. Plan: New Internet-based services.
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Apparent Women Officers or Directors: Hot Spot for Advancement for Women/Minorities:
Top Exec. Salary: $ Second Exec. Salary: $
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Bonus: Bonus:
Southeast: Y
$ $
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International: Y
www.plunkettresearch.com
315
FACTSET RESEARCH SYSTEMS INC Industry Group Code: 514100 Ranks within this company's industry group: Sales: 2 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Y Y Y
www.factset.com Profits: 2
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Information Service-Online Financial & Economic Data Financial Software
FactSet Research Systems, Inc. offers online financial and economic information to the investment management and banking industries. The company integrates a broad array of global data into a comprehensive data library that includes market information and fundamental data on thousands of com panies. Clients can use the firm’s proprietary software to manipulate and analyze data and present it in an infinite variety of formats, including their own custom -designed reports. FactSet’s Fixed Income Analysis application suite provides access to domestic and international bond databases, valuations and bond calculators. The company’s Alpha Testing software allows customers to assess the relationship between one or more variables and subsequent returns over time. Additionally, the firm’s Backtesting software enables customers to perform historical portfolio simulations. Customers can create a meaningful historical context for their portfolio models by applying customized portfolio weights, security position limits, transaction costs, trade size and volume specifications. In an effort to help consultants aid clients more efficiently, FactSet recently established a call center system that offers services such as skill-based call routing. The company has also implemented a new customer relationship management system that enables its consulting and sales teams to acquire improved intelligence about client activities. Recently, the firm acquired a 12,750 square foot data center in Manchester, New Hampshire from Vitts Networks, Inc. The new facility has the size, redundancy and flexibility to host the next generation of FactSet’s online services. FactSet Research Systems offers its employees partial tuition reimbursement, medical, dental and vision insurance and referral bonuses.
BRANDS/DIVISIONS/AFFILIATES: Fixed Income Analysis Alpha Testing Backtesting Dividend Discount Model
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Philip A. Hadley, CEO Michael F. DiChristina, Pres. Michael F. DiChristina, COO Ernest S. Wong, CFO Michael D. Frankenfield, Sr. VP-Mktg. & Sales Daniel A. Viens, Human Resources Townsend Thomas, Chief Tech. Officer Ernest S. Wong, Corp. Sec.
Phone: 203-863-1500 Fax: 203-863-1501 Toll-Free: Address: 1 Greenwich Plaza, Greenwich, CT 06830 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 12 months. 2001 Sales: $176,700 (12 months) 2001 Profits: $33,400 (12 months) 2000 Sales: $134,200 2000 Profits: $25,300 Stock Ticker: FDS 1999 Sales: $103,800 1999 Pr ofits: $18,600 Employees: 432 1998 Sales: $78,900 1998 Profits: $12,800 Fiscal Year Ends: 8/31 1997 Sales: $58,358 1997 Profits: $8,930
SALARIES/BENEFITS: Pension Plan: Savings Plan:
ESOP Stock Plan: Y Profit Sharing: Top Exec. Salary: $350,000 Stock Purch. Plan: Y Second Exec. Salary: $311,549 Massive databases/Major supplier of online integrated financial data.
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Apparent Women Officers or Directors: Hot Spot for Advancement for Women/Minorities: Y
LOCATIONS: ("Y" = Yes) West: Y
Southwest:
Midwest: Y
Southeast:
Bonus: Bonus:
$ $280,771
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International: Y
316
www.plunkettresearch.com
FAIR ISAAC AND COMPANY INC
www.fairisaac.com
Industry Group Code: 541519 Ranks within this company's industry group: Sales: 1 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Technology: Finan. Software: Information Sy s.: Online Services: Special Equipment: Consulting:
Y
Profits: 1
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Y
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
Y
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Computer Related Services Data Management Systems and Services Direct Marketing Services Personal Lines Insurance Industries Services Financial Risk Management Computer Software-Credit Scoring
Fair, Isaac and Company, Inc., a leading developer of credit scoring systems, offers statistics -based predictive tools for the consumer credit industry. The company also provides marketing, data processing and database management services, applicant scoring for insurance companies and financial risk management for large financial corporations. The business segments of the company are North American Financial Services, NetSourced Services and Other International business units. Its principal products are statistically derived, rulebased analytic tools, which are designed to help businesses make more profitable decisions on their customers, prospective customers, software systems and components to implement these analytic tools. The company’s signature products are North American Financial Services, used throughout the credit card, mortgage, auto lending and other industries; TRIAD, the world's leading credit account management system; and the leading scoring systems for granting small business credit. Regular clients include hundreds of the world's leading credit card and travel card issuers, personal lines insurers, retailers, telecommunications service providers and consumer and commercial lenders. Through alliances with all three major credit bureaus, the firm serves a large and growing number of middle-market credit grantors, primarily by providing direct mail solicitation screening, application scoring and account management services on a usage-fee basis. In recent news, the company has acquired Nykamp Consulting, expanding reach and services in the customer relationship management industry. The company provides employees with Flex Credit, insurance and savings plans. Employees working at least 20 hours per week are eligible for benefits starting on their first day with the company.
BRANDS/DIVISIONS/AFFILIATES: DynaMark Risk Management Technologies ScoreNet Service Strategic Application Processing Systems Credit Application Scoring Algorithms DynaLink DynaMatch Nykamp Consulting
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Thomas G. Grudnowski, CEO Thomas G. Grudnowski, Pres. Henk Evenhuis, CFO Eric Educate, VP-Sales Richard Deal, VP-Human Resources Mark Pautsch, CIO Andrea Fike, VP/General Counsel Steve Sjoblad, VP-Corp. Dev. Larry E. Rosenberger, Exec. VP-Development Patrick G. Culhane, Exec. VP-Decision ASP W. Thomas McEnery, VP-Strategic Mktg.
Phone: 415-472-2211 Fax: 415-492-5691 Toll-Free: 800-999-2955 Address: 200 Smith Ranch Rd., San Rafael, CA 94903 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 12 months. 2001 Sales: $329,100 (12 months) 2001 Profits: $46,100 (12 months) 2000 Sales: $297,985 2000 Profits: $27,631 Stock Ticker: FIC 1999 Sales: $276,931 1999 Profits: $29,980 Employees: 1,600 1998 Sales: $245,545 1998 Profits: $24,327 Fiscal Year Ends: 9/30 1997 Sales: $199,099 1997 Profits: $20,686
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Y Profit Sharing: Top Exec. Salary: $400,000 Bonus: Stock Purch. Plan: Second Exec. Salary: $269,250 Bonus: The world's leading provider of consumer credit scores/Superb software technology.
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
$413,463 $76,810
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International: Y
www.plunkettresearch.com
317
FANNIE MAE
www.fanniemae.com
Industry Group Code: 522310 Ranks within this company's industry group: Sales: 1 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Y
Profits: 1
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Mortgages Financial Software
Fannie Mae is the world's largest non-bank financial services company in terms of assets under management, and the nation's largest source of financing for home mortgages. Since its inception as a private, shareholderowned company in 1968, Fannie Mae has provided nearly $2.8 trillion in mortgage financing for over 34 million low, moderate and middle-income families. The company's Desktop Underwriter software includes an enhanced solution from Standard & Poor’s, a leading risk evaluation service provider. The software is used to process mortgage loans, reducing approval time from four weeks to four minutes, resulting in substantial savings for lenders. Nonprofit organizations utilize the company's Desktop Home Counselor technology to find affordable mortgage products for low and moderate-income families. FannieMaps Plus software helps mortgage lenders identify underserved areas within their community and guides them to potential homebuyers with modest incomes. Fannie Mae’s Benchmark Notes have expanded the company's access to global capital markets, while its Coop Loan Pilot makes it easy for borrowers to buy or refinance cooperative apartments. Recently, the firm announced a new initiative to increase home ownership among minority and undeserved families in Rochester. Fannie Mae offers tuition and associated expense assistance for employees taking courses related to any aspect of the company's business. The company offers flex-time, teleworking or a compressed schedule, and 10 hours of volunteer leave each month. Fannie Mae was the first Fortune 500 company to have an AfricanAmerican CEO. Fortune magazine ranked it as one of America’s Best Companies for Minorities, one of the Top Ten Companies for Asian Pacific Americans as well as one of the 100 Best Companies to Work For. Working Woman magazine has recognized the company as one of the Top 25 Companies for Executive Women and one of the 100 Best Companies for Working Mothers. The firm is also known for employee volunteer work.
BRANDS/DIVISIONS/AFFILIATES: Desktop Underwriter Desktop Home Counselor FannieMaps Plus Benchmark Notes Homepath.com Federal National Mortgage Association
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Franklin D. Raines, CEO Daniel H. Mudd, COO J. Timothy Howard, Exec. VP-CFO Thomas M. Ducey, Sr. VP-Mktg. & Product Dev. Thomas R. Nides, Sr. VP-Human Resources Julie St. John, Exec. VP-Chief Tech. Officer William E. Kelvie, CIO/Exec. VP Leanne G. Spencer, Sr. VP/Controller Thomas E. Donilon, Sec. Thomas E. Donilon, General Counsel William G. Ehrhorn, Sr. VP-Oper. & Corp. Services Jayne J. Shontell, Sr. VP-Corp. Dev. Michael J. Williams , Pres.-Fannie Mae e-Bus. Chuck Greener, Sr. VP-Comm. Jayne J. Shontell, Sr. VP-Investor Relations Linda K. Knight, Sr. VP/Treas. Louis W. Hoyes, Exec. VP-Single Family Mortgage Bus. Robert Levin, Exec. VP-Housing and Community Dev. Adolfo Marzol, Exec. VP-Chief Credit Officer
Phone: 202-752-7000 Fax: 202-752-3868 Toll-Free: Address: 3900 Wisconsin Ave., NW, Washington, DC 20016 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $37,846,000 ( 9 months) 2001 Profits: $4,208,000 ( 9 months) 2000 Sales: $44,088,000 2000 Profits: $4,416,000 Stock Ticker: FNM 1999 Sales: $36,968,000 1999 Profits: $3,921,000 Employees: 4,100 1998 Sales: $31,499,000 1998 Profits: $3,444,000 Fiscal Year Ends: 12/31 1997 Sales: $27,766,900 1997 Profits: $3,068,000
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Y Profit Sharing: Top Exec. Salary: $ Stock Purch. Plan: Y Second Exec. Salary: $ ADVANTAGE: The world's largest non-bank financial services company.
COMPETITIVE OTHER THOUGHTS:
Apparent Women Officers or Directors: 4 Hot Spot for Advancement for Women/Minorities: Y
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Bonus: Bonus:
Southeast: Y
$ $
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International: Y
318
www.plunkettresearch.com
FARM FAMILY HOLDINGS INC
www.farmfamily.com
Industry Group Code: 524113 Ranks within this company's industry group: Sales: 72 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Y
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 62
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Insurance Company-Underwriting Property and Casualty Insurance Investment Management/Mutual Funds Distribution
Farm Family Holdings, Inc. offers specialized property and casualty insurance to agribusinesses and residents of rural and suburban communities in Connecticut, Delaware, Maine, Massachusetts, New Hampshire, New Jersey, New York, Rhode Island, Vermont and West Virginia, through its subsidiary, Farm Family Casualty Insurance Company. In addition, the company offers automobile, business owners, homeowners and other insurance products to rural and suburban policyholders. Through the establishment of a subs idiary, Farm Family Financial Services, Inc., and its affiliation with a national brokerdealer, Farm Family's agents can also provide financial services and products. Farm Family Casualty markets its insurance products through more than 200 Farm Family agents and field managers who are located in the rural and suburban communities it serves. These agents generally sell insurance products primarily for Farm Family Casualty and Farm Family Life. The company's principal strategy is to maintain its focus on meeting the specialized insurance needs of northeastern rural and suburban communities. American National Insurance Company recently purchased the company, expanding American’s insurance markets to include those that are agricultural related.
BRANDS/DIVISIONS/AFFILIATES: Farm Family Casualty Insurance Company Farm Family Financial Services, Inc. Farm Family Life Insuranc e Company United Farm Family Insurance Company American National Insurance Company
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Phillip P. Weber, CEO Phillip P. Weber, Pres. Timothy A. Walsh, CFO Victoria M. Stanton, Corp. Sec. Victoria M. Stanton, General Counsel James J. Bettini, Exec. VP-Operations Timothy A. Walsh, Treas. William T. Conine, Sr. VP-Casualty Operations Dale E. Wyman, Sr. VP-Field Administration Richard E. Long, Sr. VP-Casualty Claims Sharon T. DiLorenzo, Sr. VP-Life Operations
Phone: 518-431-5000 Fax: 518-431-5975 Toll-Free: Address: 344 Route 9W, Glenmont, NY 12077 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for months. 2001 Sales: $ ( months) 2001 Profits: $ ( months) 2000 Sales: $312,900 2000 Profits: $30,500 Stock Ticker: Subsidiary 1999 Sales: $274,900 1999 Profits: $18,900 Employees: 478 1998 Sales: $208,700 1998 Profits: $18,700 Fiscal Year Ends: 12/31 1997 Sales: $173,700 1997 Profits: $18,500
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Profit Sharing:
Top Exec. Salary: $ Second Exec. Salary: $ Offers a wide variety of flexible policies/Expansion into mutual funds.
Apparent Women Officers or Directors: 2 Hot Spot for Advancement for Women/Minorities: Y
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Southeast:
Bonus: Bonus:
$ $
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
www.plunkettresearch.com
FARMERS GROUP INC
www.farmersinsurance.com
Industry Group Code: 524113 Ranks within this company's industry group: Sales: 32 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
319 Profits: 16
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Insurance Company-Underwriting Life Insurance Real Estate Investment Property/Casualty Insurance Leasing
Farmers Group, Inc. is the nation's third-largest writer of homeowners and private passenger auto insurance, as well as property/casualty insurance. Through subsidiary Farmers New World Life Insurance, the company offers individual life insurance and annuities, mortgage protection plans and IRAs. Farmers, Fire and Truck Insurance Exchanges underwrites auto and business insurance. It recently abandoned its homeowners lines in response to high mold claims. The Farmers group of companies operates in 41 states across the United States. The firm is a subsidiary of Zurich Financial Services, formed by the merger of Zurich Insurance Company with B.A.T Industries' financial services business. Farmers Group recently joined with Bank of America to begin offering integrated banking and insurance solutions to their combined customer base of 37 million households. Farmers has also announced an alliance with several investment firms including Fidelity, Dreyfus, Calvert, WM Group and Goldman Sachs. These companies join those in its existing team of fund managers to offer investment sub-accounts for annuity and universal life products. The company offers employees health, vision and life insurance, as well as dependent day care accounts and an employee assistance program.
BRANDS/DIVISIONS/AFFILIATES: Farmers Insurance Exchange Fire Insurance Exchange Truck Insurance Exchange Farmers New World Life Insurance Company BATUS Inc. Farmers Reinsurance Company Zurich Financial Services Farmers Insurance Group
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Martin D. Feinstein, CEO Martin D. Feinstein, Pres. Gerald E. Faulwell, CFO Michael Kent, VP-Human Resources Cecilia Claudio, CIO Jason L. Katz, General Counsel John H. Lynch, Exec. VP-Field Oper. Keitha T. Schofield, Exec. VP-Support Services Leonard H. Gelfand, Pres., Farmers Business Insurance C. Paul Patsis, Pres., Farmers Life Stephen J. Leaman, Pres., Farmers Personal Lines
Phone: 323-932-3200 Fax: 323-932-3101 Toll-Free: Address: 4680 Wilshire Blvd., Los Angeles , CA 90010 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for months. 2001 Sales: $ ( months) 2001 Profits: $ ( months) 2000 Sales: $3,446,900 2000 Profits: $725,300 Stock Ticker: Subsidiary 1999 Sales: $3,270,400 1999 Profits: $677,000 Employees: 7,533 1998 Sales: $3,031,200 1998 Profits: $576,800 Fiscal Year Ends: 12/31 1997 Sales: $2,008,900 1997 Profits: $593,500
SALARIES/BENEFITS: Pension Plan: Y Savings Plan:
ESOP Stock Plan: Stock Purch. Plan:
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Profit Sharing: Y
Top Exec. Salary: $ Bonus: Second Exec. Salary: $ Bonus: Manages one of the largest property and casualty insurance groups in the U.S.
Apparent Women Officers or Directors: 2 Hot Spot for Advancement for Women/Minorities: Y
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
$ $
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
320
www.plunkettresearch.com
FBL FINANCIAL GROUP
www.fblfinancial.com
Industry Group Code: 524113 Ranks within this company's industry group: Sales: 70 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Y Y
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 58
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Insurance Company-Underwriting Life Insurance Property and Casualty Insurance Investment Management/Mutual Funds
FBL Financial Group underwrites, markets and distributes life insurance, annuities, property and casualty insurance and mutual funds to individuals and small business in 15 midwestern and western states. The company's principal subsidiaries include Farm Bureau Life Insurance Company, Western Farm Bureau Life Insurance and EquiTrust Life Insurance Company. The company's target market consists primarily of farmers, ranchers, rural and suburban residents and related individuals and businesses. Many of FBL's customers are self-employed individuals who are responsible for providing for their own insurance needs. The Life companies sell universal life, variable universal life, traditional life and disability income insurance and traditional and variable annuity products. Several subsidiaries support various functional areas of Farm Bureau Life, Western Life and other affiliates, by providing investment advisory, marketing and distribution and leasing services. FBL's property and casualty product lines are marketed towards farm and ranch owners, homeowners and many others. The company has recently created alliances with other firms in order to develop further growth opportunities. One example is the property and casualty business written by Utah Insurance that is pooled with business written by Farm Bureau Mutual Insurance Company and three other property and casualty affiliates. FBL Financial recently acquired the Kansas Farm Bureau Life Insurance Company, a singlestate life insurance company selling traditional life and annuity products in the state of Kansas.
BRANDS/DIVISIONS/AFFILIATES: Farm Bureau Life Insurance Company Western Farm Bureau Life Insurance Company EquiTrust Life Insurance Company FBL Insurance Brokerage, Inc. Universal Assurors Life Insurance Company Kansas Farm Bureau Life Insurance Company FBL Financial Group Capital Trust FBL Financial Services, Inc.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. William J. Oddy, CEO Melvin L. Rambo, Pres. Melvin L. Rambo, COO James W. Noyce, CFO John M. Paule, Chief Mktg. Officer Jerry Downin, Corp. Sec. Stephen M. Morain, General Counsel Timothy J. Hoffman, Chief Admin. Officer Jerry Downin, Treas. JoAnn W. Rumelhart, Exec. VP
Phone: 515-225-5400 Fax: 515-226-6053 Toll-Free: 800-247-4172 Address: 5400 University Ave., West Des Moines , IA 50266 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $360,900 ( 9 months) 2001 Profits: $33,400 ( 9 months) 2000 Sales: $379,800 2000 Profits: $39,300 Stock Ticker: FFG 1999 Sales: $399,000 1999 Profits: $55,700 Employees: 1,260 1998 Sales: $390,900 1998 Profits: $53,940 Fiscal Year Ends: 12/31 1997 Sales: $485,200 1997 Profits: $75,827
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Y Profit Sharing: Top Exec. Salary: $396,167 Stock Purch. Plan: Second Exec. Salary: $337,680 Expanding through partnerships/Focus on serving farmers and ranchers.
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
LOCATIONS: ("Y" = Yes) West: Y
Southwest:
Midwest: Y
Southeast:
Bonus: Bonus:
$137,848 $104,458
Northeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
www.plunkettresearch.com
321
FEDERAL AGRICULTURAL MORTGAGE CORP www.farmermac.com Industry Group Code: 522310 Ranks within this company's industry group: Sales: 5 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 7
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Mortgages Agricultural Real Estate Loans Rural Housing Mortgage Loans
Federal Agricultural Mortgage Corporation, otherwise known as Farmer Mac, is America's secondary market for agricultural real estate and rural housing mortgage loans. Farmer Mac was created by Congress to improve the availability of mortgage credit to America's farmers, ranchers and rural homeowners, businesses and communities. The company does this primarily by purchasing qualified loans from lenders, thereby replenishing their source of funds to make new loans. The loans Farmer Mac purchases are then grouped into pools and used to back securities that Farmer Mac sells periodically in the capital markets. Those securities are supported by the company's guarantee of timely payment of principal and interest. Although created by Congress, Farmer Mac is a publicly traded corporation owned by its stockholders. The company has approved five nationally known mortgage banking companies as sellers in the Farmer Mac I secondary market program for agricultural and rural housing mortgage loans. The approved institutions are: Alliance Mortgage Company of Jacksonville, Florida; Cendant Mortgage Company (formerly known as PHH Mortgage Services Corporation) of Mt. Laurel, New Jersey; GMAC Commercial Mortgage Corporation (GMAC) of Horsham, Pennsylvania; Headlands Mortgage Company of Larkspur, California; and Zions Mortgage Company of Salt Lake City, Utah.
BRANDS/DIVISIONS/AFFILIATES: Farmer Mac
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Henry D. Edelman, CEO Henry D. Edelman, Pres. Nancy E. Corsiglia, CFO/VP- Finance Norma Winning, Human Resources Jerome G. Oslick, VP/General Counsel Thomas R. Clark, VP-Corp. Rel. Nancy E. Corsigila, Treas. Tom D. Stenson, VP-Agricultural Finance
Phone: 202-872-7700 Fax: 202-872-7713 Toll-Free: 800-879-3276 Address: 919 18th St., N.W., Ste. 200, Washington, DC 200065503 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $152,600 ( 9 months) 2001 Profits: $10,800 ( 9 months) 2000 Sales: $207,500 2000 Profits: $10,400 Stock Ticker: AGM 1999 Sales: $148,000 1999 Profits: $6,900 Employees: 30 1998 Sales: $108,830 1998 Profits: $5,743 Fiscal Year Ends: 12/31 1997 Sales: $85,343 1997 Profits: $4,626
SALARIES/BENEFITS: Pension Plan: Y Savings Plan:
ESOP Stock Plan: Stock Purch. Plan:
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Profit Sharing:
Top Exec. Salary: $406,903 Bonus: $302,545 Second Exec. Salary: $229,409 Bonus: $117,718 A federally-chartered instrument of the U.S. Government/Focus on the farm and ranch market.
Apparent Women Officers or Directors: 2 Hot Spot for Advancement for Women/Minorities: Y
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
322
www.plunkettresearch.com
FEDERAL TRUST CORPORATION
www.federaltrust.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 189 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 193
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking/Savings Associations Mortgages
Federal Trust Corporation is the holding company for Federal Trust Bank, a federally chartered stock savings bank headquartered in Florida. Operations are conducted through three full service offices and an administrative office. The bank is primarily engaged in the bulk purchase of loans and other assets, including the origination of oneto four-family residential mortgage loans, residential construction loans, multi-family loans, commercial real estate loans, SBA loans, land acquisition and development loans, as well as consumer loans. Federal Trust Bank originates loans within its market area, defined generally by the state of Florida and well known out-ofstate regions. Residential and commercial mortgage and construction loans make up about 98% of the bank's loan portfolio. The bank also invests in U.S. government securities, federal funds and other debt securities, as well as mortgage-backed securities as deemed appropriate. Most of Federal Trust Bank's loans are made to homeowners on the security of single-family dwellings. Federal Trust recently opened a new branch at New Smyrna Beach, located on the Atlantic Ocean, which quickly surpassed $13 million in deposits.
BRANDS/DIVISIONS/AFFILIATES: Federal Trust Bank
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. James V. Suskiewich, Pres. Stephen C. Green, COO/Exec. VP-Federal Trust Bank Aubrey H. Wright, Sr. VP/CFO-Federal Trust Bank Lori A. MacTravish, Corp. Sec. Jennifer Brodnax, VP/Sr. Oper. Officer Tom J. Puznak, Treas. Louis E. Laubscher, VP/Chief Lending Officer
Phone: 407-645-1201 Fax: 407-645-1501 Toll-Free: 800-226-2829 Address: 655 W. Morse Blvd., Winter Park, FL 32789 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $16,600 ( 9 months) 2001 Profits: $ 800 ( 9 months) 2000 Sales: $20,400 2000 Profits: $1,200 Stock Ticker: FDTR 1999 Sales: $15,500 1999 Profits: $1,100 Employees: 64 1998 Sales: $11,890 1998 Profits: $ 433 Fiscal Year Ends: 12/31 1997 Sales: $11,011 1997 Profits: $ 357
SALARIES/BENEFITS: Pension Plan: Savings Plan:
ESOP Stock Plan: Y Profit Sharing: Top Exec. Salary: $156,000 Stock Purch. Plan: Second Exec. Salary: $98,000 Expanding through strategic partnerships/Steady, profitable growth.
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Apparent Women Officers or Directors: 3 Hot Spot for Advancement for Women/Minorities: Y
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Southeast: Y
Bonus: Bonus:
$41,000 $14,029
Northeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
www.plunkettresearch.com
FEDERATED INVESTORS INC
www.federatedinvestors.com
Industry Group Code: 523920 Ranks within this company's industry group: Sales: 5 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
323 Profits: 4
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Y
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
Y
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Investment Management-Mutual Funds
Federated Investors, Inc. (Federated) is a leading provider of investment management and related financial services that sponsors, markets and provides investment advisory, distribution and administrative services primarily to mutual funds in both domestic and international markets. The company provides advisory services to funds offered through banks, broker/dealers and other financial intermediaries who use them to meet the needs of their customers , including retail investors, corporations and retirement plans. Federated also provides mutual fund administrative services to its managed funds and to funds sponsored by third parties, for which the company also acts as fund distributor. The firm offers a range of products such as equity, fixed-income and money market investments design to meet the needs of investors with varying investment objectives. In recent years Federated has emphasized growth of its equity business. The company’s Federated Kaufman Fund was recently named the top performing multicap growth fund. Federated offers employees a comprehensive, competitive and flexible benefit program with features including extensive coverage, a 401(k) plan, an employee stock purchase plan, a transportation benefit program and an education assistance program.
BRANDS/DIVISIONS/AFFILIATES: Federated Global Investment Management Corp. InvestLink Technologies, Inc. Federated Investors Trust Company
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. J. Christopher Donahue, CEO J. Christopher Donahue, Pres. Thomas R. Donahue, CFO J. T. Tuskan, VP-Mktg. J. T. Tuskan, VP-Corp. Comm. Thomas R. Donahue, Treas. John W. McGonigle, Exec. VP/Chief Leg. Officer
Phone: 412-288-1900 Fax: 412-288-1171 Toll-Free: 800-341-7400 Address: 1001 Liberty Ave., Pittsburgh, PA 15222-3779 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to ge t the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $533,500 ( 9 months) 2001 Profits: $127,700 ( 9 months) 2000 Sales: $680,800 2000 Pr ofits: $155,400 Stock Ticker: FII 1999 Sales: $601,100 1999 Profits: $124,000 Employees: 1,899 1998 Sales: $522,100 1998 Profits: $92,400 Fiscal Year Ends: 12/31 1997 Sales: $403,700 1997 Profits: $50,600
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Profit Sharing: Stock Purch. Plan: Y Excellent profit ratios.
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Apparent Women Officers or Directors: Hot Spot for Advancement for Women/Minorities:
Top Exec. Salary: $1,700,000 Second Exec. Salary: $900,000
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Southeast:
Bonus: Bonus:
$1,000,000 $591,346
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International: Y
324
www.plunkettresearch.com
FFLC BANCORP INC
www.1stfederal.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 147 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 140
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking/Savings Associations Mortgages
FFLC Bancorp, Inc. is the holding company for First Federal Savings Bank of Lake County. First Federal is a stock savings bank and a community-oriented savings institution offering a variety of financial services to meet the needs of the communities it serves. The savings bank's deposit gathering and lending markets are primarily concentrated in the communities surrounding its full service offices located in Lake, Sumter and Citrus Counties in central Florida. First Federal's loan portfolio consists primarily of conventional first mortgage loans secured by one- to four-family residences. In response to a widespread increase in Internet use, the bank recently introduced First Federal Online Banking to it customers. Customers will have unlimited access to an array of services that include viewing account history, current balances and transaction details, transfer of funds, payment of bills and exporting data for account reconciliation. Business customers will receive the same services in addition to being able to collect payments electronically, originate Automated Clearing House (ACH) transactions, manage payroll and direct deposit, view inclearings and request wire transfers.
BRANDS/DIVISIONS/AFFILIATES: First Federal Savings Bank of Lake County Lake County Service Corporation
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Stephen T. Kurtz, CEO Stephen T. Kurtz, Pres. Brenda M. Grubb, VP/Mgr.-Human Resources Sandra L. Rutschow , VP/Corp. Sec. Lawrence E. Hoag, VP/Oper. Mgr. Paul K. Mueller, Exec. VP/Treas.
Phone: 352-787-3311 Fax: 352-787-9956 Toll-Free: Address: 800 North Blvd. West, Leesburg, FL 34749-0420 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $44,400 ( 9 months) 2001 Profits: $4,500 ( 9 months) 2000 Sales: $51,000 2000 Profits: $5,300 Stock Ticker: FFLC 1999 Sales: $40,900 1999 Profits: $5,400 Employees: 188 1998 Sales: $33,437 1998 Profits: $4,397 Fiscal Year Ends: 12/31 1997 Sales: $29,375 1997 Profits: $3,754
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Y Profit Sharing: Stock Purch. Plan: Steady, profitable growth.
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Apparent Women Officers or Directors: 2 Hot Spot for Advancement for Women/Minorities: Y
Top Exec. Salary: $156,755 Second Exec. Salary: $132,855
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Southeast: Y
Bonus: Bonus:
$28,140 $21,021
Northeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
www.plunkettresearch.com
325
FFW CORPORATION Industry Group Code: 522110 Ranks within this company's industry group: Sales: 195 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 179
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking/Savings Associations Mortgages Insurance Company-Underwriting
FFW Corporation is the holding company for First Federal Savings Bank of Wabash, which has four branches in North Manchester, Syracuse, South Whitley, and Wabash. The company's business consists prim arily of the business of First Federal. First Federal is a federally chartered stock savings bank headquartered in Wabash, Indiana. The principal business of the bank consists of attracting retail deposits from the general public and investing those funds primarily in one to four-family residential mortgage and consumer loans, and, to a lesser extent, commercial and multi-family real estate, construction and commercial business loans primarily in the bank's market area. First Federal also purchases mortgage-backed securities and invests in U.S. Government and agency obligations and other permissible investments. The company's other wholly-owned subsidiary, FirstFed Financial of Wabash, Inc., offers insurance products, including life insurance, mutual funds, annuity and brokerage services through a registered broker dealer. The primary source of income for FFW is the origination of commercial and residential real estate loans in Wabash County and surrounding areas, through First Federal. Recently, First Federal installed Access Plus, a bank-by-phone system that offers the convenience of 24-hour banking from a customer's car, home, or anywhere a touch-tone phone is available. This new service provides increased access to the bank's entire hometown banking services.
BRANDS/DIVISIONS/AFFILIATES: First Federal Savings Bank of Wabash FirstFed Financial of Wabash, Inc.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Nicholas M. George, CEO Nicholas M. George, Pres.
Phone: 219-563-3185 Fax: 219-563-4841 Toll-Free: Address: 1205 N. Cass Street, Wabash, IN 46992 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 12 months. 2001 Sales: $18,800 (12 months) 2001 Profits: $1,600 (12 months) 2000 Sales: $18,400 2000 Profits: $2,300 Stock Ticker: FFWC 1999 Sales: $18,100 1999 Profits: $2,100 Employees: 66 1998 Sales: $15,900 1998 Profits: $1,900 Fiscal Year Ends: 6/30 1997 Sales: $12,900 1997 Profits: $1,300
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Y Profit Sharing: Top Exec. Salary: $ Stock Purch. Plan: Second Exec. Salary: $ Offers 24-hour telephone banking services.
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Apparent Women Officers or Directors: Hot Spot for Advancement for Women/Minorities:
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest: Y
Bonus: Bonus:
Southeast:
$ $
Northeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
326
www.plunkettresearch.com
FIDELITY BANCORP INC OF DE
www.fidelitybk.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 153 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 148
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking/Savings Associations Mortgages
Fidelity Bancorp, Inc. is the holding company for the federally chartered savings bank, Fidelity Federal Savings Bank. Fidelity Federal conducts its business through its main office and four full service branch offices, located in Chicago, Franklin Park and Schaumburg, Illinois. In addition to traditional mortgage loans, consumer loans and retail banking products, Fidelity Federal generates noninterest income such as transactional fees and fees and commissions from its securities brokerage services offered through INVEST Financial Corporation, as well as insurance and annuity products. The bank's market area for deposits is concentrated in neighborhoods surrounding its offices in northwest Chicago. Fidelity Federal's major appeal to consumers in its market area is its financial and customer service.
BRANDS/DIVISIONS/AFFILIATES: Fidelity Federal Savings Bank Fidelity Corporation INVEST Financial Corporation Fidelity Loan Services, Inc.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Raymond S. Stolarczyk, CEO Thomas E. Bentel, Pres. Thomas E. Bentel, COO James R. Kinney, Sr. VP-Finance/CFO Lindalee Hansen, Dir.-Human Resources James R. Kinney, Treas.
Phone: 773-736-4414 Fax: 773-736-6471 Toll-Free: Address: 5455 W. Belmont Ave., Chicago, IL 60641 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 12 months. 2001 Sales: $48,800 (12 months) 2001 Profits: $4,900 (12 months) 2000 Sales: $45,400 2000 Profits: $4,200 Stock Ticker: FBCI 1999 Sales: $40,400 1999 Profits: $4,100 Employees: 136 1998 Sales: $37,234 1998 Profits: $3,780 Fiscal Year Ends: 9/30 1997 Sales: $37,018 1997 Profits: $ 925
SALARIES/BENEFITS: Pension Plan: Y Savings Plan:
ESOP Stock Plan: Y Profit Sharing: Stock Purch. Plan: Focus on customer service.
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
Top Exec. Salary: $229,346 Second Exec. Salary: $179,890
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest: Y
Southeast:
Bonus: Bonus:
$70,000 $50,000
Northeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
www.plunkettresearch.com
327
FIDELITY BANKSHARES INC
www.fidfed.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 110 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 124
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking/Savings Association Mortgages
Fidelity Bankshares, Inc., a subsidiary of Fidelity Bankshares, MHC, is a holding company for Fidelity Federal Savings Bank of Florida, a federally chartered savings bank headquartered in West Palm Beach, Florida. The bank is primarily engaged in the business of attracting deposits from the general public in the bank's market area and investing such deposits, together with other sources of funds, in loans secured by one- to four-family residential real estate. Fidelity operates in Palm Beach and Martin Counties in Florida, through more than 35 offices. In recent news, the firm continued steady branch growth with the opening of its 38th branch in Boca Raton. The new bank offers traditional banking products, as well as trust, investment and insurance services, mortgage and commercial loans and various business banking services. In addition, the company successfully completed a mutualto-stock conversion in which the majority of its shares were sold to investors. Consequently, the mutual holding company ceases to exist and is now wholly-owned by public stockholders.
BRANDS/DIVISIONS/AFFILIATES: Fidelity Federal Savings Bank of Florida Fidelity Realty and Appraisal BankBoynton
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Vince A. Elhilow, CEO Vince A. Elhilow, Pres. Richard D. Aldred, CFO/Exec. VP-Finance David R. Hochstetler, Dir.-Mktg. Janice R. Newlands , Dir.-Human Resources Brian C. Mahoney, Controller Robert L. Fugate, Mgr.-Banking Oper. Richard D. Aldred, Treas. Joseph C. Bova, Mgr.-Lending Oper.
Phone: 561-659-9900 Fax: 561-659-9992 Toll-Free: Address: 218 Datura St., West Palm Beach, FL 33401 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $113,400 ( 9 months) 2001 Profits: $4,200 ( 9 months) 2000 Sales: $145,500 2000 Profits: $8,500 Stock Ticker: FFFL 1999 Sales: $123,900 1999 Profits: $9,100 Employees: 602 1998 Sales: $107,000 1998 Profits: $7,400 Fiscal Year Ends: 12/31 1997 Sales: $77,200 1997 Profits: $6,400
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Y Profit Sharing: Stock Purch. Plan: Continued steady branch growth.
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
Top Exec. Salary: $316,800 Second Exec. Salary: $169,000
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Southeast: Y
Bonus: Bonus:
$159,853 $49,597
Northeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
328
www.plunkettresearch.com
FIDELITY NATIONAL FINANCIAL INC Industry Group Code: 524113 Ranks within this company's industry group: Sales: 37 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
www.fnf.com Profits: 44
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Insurance Company-Underwriting Escrow Services Collection and Trust Activities Electronic Data Interchange Software Title Insurance
Fidelity National Financial, Inc. is a diversified real estate services provider that conducts business in 49 states, the District of Columbia, Guam, Mexico, Puerto Rico and the Virgin Islands. As the nation's largest title insurance company, Fidelity issues title insurance policies and performs other real estate related services through its various subsidiaries. Its title insurance underwriters include Fidelity National Title, Chicago Title, Ticor Title, Security Union Title and Alamo Title. The company also originates, funds, purchases, sells, securitizes and services equipment leases for a broad range of businesses. In addition, Fidelity has formed RealEC.com, the first multiple title underwriter alliance for electronic commerce. It is designed to be an open electronic commerce network to order and deliver essential real estate information services in the real estate transaction process. ACS provides software, systems integration and telecommunication services to small and medium -size businesses in the real estate industry. In recent news, the company announced that it would no longer originate small-ticket leases and would focus on its core title insurance and real estate businesses. In other news, Fidelity announced a series of acquisitions, one of which includes the purchase of VISTAinfo. The transaction has led to the formation of Fidelity National Information Solutions, the first company to fully address the range of database information and services required by lenders and real estate professionals. The firm also purchased RISCO, Inc., the third largest Multiple Listing Service (MLS) in the U.S.
BRANDS/DIVISIONS/AFFILIATES: Chicago Title Corp. Alamo Title Insurance Fidelity National Title Ticor Title VISTAinfo Fidelity National Information Solutions FNF Capital, Inc. RISCO, Inc.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. William P. Foley, II, CEO Patrick F. Stone, Pres. Patrick F. Stone, COO Alan L. Stinson, Exec. VP/CFO Anne Kulinsky, Human Resources Peter T. Sadowski, General Counsel/Exec. VP Christopher Abbinante, Exec. VP/Div. Mgr. Ronald R. Maudsley, Exec. VP/Div. Mgr. Erika Meinhardt, Exec. VP/Div. Mgr. Raymond R. Quirk, Exec. VP/Div. Mgr.
Phone: 949-622-4333 Fax: 805-696-9578 Toll-Free: 888-934-3354 Address: 17911 Von Karman Ave., Ste. 300, Irvine, CA 92614 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $2,742,000 ( 9 months) 2001 Profits: $213,200 ( 9 months) 2000 Sales: $2,742,000 2000 Profits: $108,300 Stock Ticker: FNF 1999 Sales: $1,352,200 1999 Profits: $70,900 Employees: 16,000 1998 Sales: $1,288,465 1998 Profits: $105,692 Fiscal Year Ends: 12/31 1997 Sales: $863,059 1997 Profits: $47,308
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Profit Sharing: Top Exec. Salary: $887,096 Bonus: $2,251,665 Stock Purch. Plan: Y Second Exec. Salary: $708,421 Bonus: $1,773,630 One of the nation's largest title insurance underwriters/Continues to diversify to serve the changing needs of existing Fidelity customers, including new electronic products.
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Apparent Women Officers or Directors: 2 Hot Spot for Advancement for Women/Minorities: Y
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International: Y
www.plunkettresearch.com
329
FIFTH THIRD BANCORP
www.53.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 24 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Y
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 17
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y Y Y Y Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking/Savings Associations Mortgages Trust Services Insurance Company-Underwriting Investment Services Leasing
Fifth Third Bancorp is the holding company of Fifth Third Bank, with branches in Ohio, Kentucky, Florida, Indiana and Arizona. Fifth Third is among the top 30 bank holding companies in the country and among the 15 largest in market capitalization. Through its subsidiaries, the company engages primarily in commercial, retail and trust banking, investment services and leasing activities. The firm also provides credit life, accident and health insurance, discount brokerage services and property management for its holdings. Its subsidiaries consist of The Fifth Third Company, Fifth Third Securities, Inc., The Fifth Third Leasing Company, Midwest Payment Systems, Inc., Fifth Third International Company and Fifth Third/W. Lyman Case & Company. Fifth Third's affiliates provide a full range of financial products and services to the retail, commercial, financial, government, educational and medical sectors, including a wide variety of checking, savings and money market accounts, and credit products such as credit cards, installment loans, mortgage loans and leasing. Fifth Third Bank, through its wholly owned subsidiary, MPS, provides electronic switch services for several regional banks and bank holding companies in Ohio, Kentucky and Illinois. Recently, the company introduced one of the first bank-operated Internet floor plan platforms in the country. FloorNet automates the way Fifth Third's dealership clients manage their floor plan accounts in addition to offering them detailed account information and reporting, access to real-time information, and the ability to add or remove vehicles from floor plans via the Internet. In other news, the firm recently acquired Capital Holdings, Inc. and its subsidiary, Capital Bank, N.A. Capital Holdings has $1.1 billion in assets and is headquartered in Sylvania, Ohio, a suburb of Toledo. The combined entity will have $4.1 billion in assets as well as 45 full-service banking centers located throughout southeastern Michigan and northwestern Ohio. Fifth Bancorp offers its employees education assistance and a vision discount program. The company also offers a variety of discounted banking services .
BRANDS/DIVISIONS/AFFILIATES: Midwest Payment Systems, Inc. CitFed Bancorp, Inc. State Savings Company The Fifth Third Leasing Company Fifth Third International Company Fifth Third/W. Lyman Case & Company Capital Bank, N.A. Capital Holdings, Inc.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. George A. Schaefer, Jr., CEO George A. Schaefer, Jr., Pres. Neal E. Arnold, Exec. VP-CFO Mary Sue Findley, Roger W. Dean, Controller Michael K. Keating, Exec. VP-General Counsel Regina G. Livers, VP-Community Affairs Officer Neal E. Arnold, Treas. Gerald L. Wissel, Exec. VP-Auditor Stephen J. Schrantz , Exec. VP Michael D. Baker, Exec. VP Robert J. King, Jr, Exec. VP
Phone: 513-579-5300 Fax: 513-579-6020 Toll-Free: 800-837-2755 Address: 38 Fountain Square Plaza Mail Drop 1090F5, Cincinnati, OH 45263 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $4,384,200 ( 9 months) 2001 Profits: $652,800 ( 9 months) 2000 Sales: $4,276,000 2000 Profits: $863,000 Stock Ticker: FITB 1999 Sales: $3,615,000 1999 Profits: $668,000 Employees: 12,246 1998 Sales: $2,654,871 1998 Profits: $476,128 Fiscal Year Ends: 12/31 1997 Sales: $2,420,852 1997 Profits: $460,858
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Profit Sharing: Y Top Exec. Salary: $976,732 Bonus: Stock Purch. Plan: Y Second Exec. Salary: $491,142 Bonus: ADVANTAGE: Excellent customer bas e and name recognition/Growth through acquisition.
COMPETITIVE OTHER THOUGHTS:
Apparent Women Officers or Directors: 2 Hot Spot for Advancement for Women/Minorities: Y
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
$1,462,500 $380,000
Northeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International: Y
330
www.plunkettresearch.com
FINANCIAL FEDERAL CORP
www.financialfederal.com
Industry Group Code: 522220A Ranks within this company's industry group: Sales: 6 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 4
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Leasing/Financing-Business Equipment, Cars, Trucks
Financial Federal Corporation is a nationwide independent financial services company specializing in financing industrial, commercial and professional equipment through installment sales and leasing programs for manufacturers, dealers and operators of such equipment. In addition to its New York office, the company has five full-service operations centers in Texas, Illinois, New Jersey, North Carolina and Arizona, as well as marketing locations throughout the country. Financial Federal provides its services primarily to middle-market businesses, generally with annual revenues of up to $20 million, that are located throughout the nation and represent diverse industries, such as general construction, road and infrastructure construction and repair, manufacturing, trucking and waste disposal.
BRANDS/DIVISIONS/AFFILIATES: Financial Federal Credit, Inc. First Federal Commercial, Inc. Financial Federal Commercial, Inc.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Paul R. Sinsheimer, CEO Paul R. Sinsheimer, Pres. Steven F. Groth, CFO Jeanne McDonald, Human Resources Jeanne McDonald, VP- Investor Rel. Michael Palitz, Treas./Exec. VP Mike Gallagher, Sr. VP/Chief Credit Officer John Golio, Exec. VP Dan McDonough, Exec. VP
Phone: 212-599-8000 Fax: 212-286-5885 Toll-Free: Address: 733 Third Ave., 7th Fl., New York, NY 10017 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 12 months. 2001 Sales: $138,300 (12 months) 2001 Profits: $31,600 (12 months) 2000 Sales: $112,300 2000 Profits: $26,700 Stock Ticker: FIF 1999 Sales: $89,800 1999 Profits: $22,600 Employees: 247 1998 Sales: $72,722 1998 Profits: $17,032 Fiscal Year Ends: 7/31 1997 Sales: $55,305 1997 Profits: $12,909
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Top Exec. Salary: $750,634 Bonus: $375,000 Second Exec. Salary: $336,741 Bonus: $ Financing and leasing activites for numerous types of equipment and machinery/Provides services to over 2,500 middle market customers.
Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
Profit Sharing:
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
www.plunkettresearch.com
331
FINANCIAL INDUSTRIES CORP
www.ficgroup.com
Industry Group Code: 524113 Ranks within this company's industry group: Sales: 105 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Y
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Technology: Finan. Software: Information Sys.: Online Services : Special Equipment: Consulting:
Profits: 78
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Insurance Company-Underwriting Annuities Mortgage Life Insurance Credit Life
Financial Industries Corporation (FIC) is a holding company primarily engaged in the insurance business through its ownership of Family Life Insurance Company and InterContinental Life Corporation. FIC's principal business is the selling of life insurance through its subsidiary Family Life. Family Life specializes in providing mortgage protection life and accidental death insurance and annuity products to mortgage borrowers of financial institutions. The subsidiary operates through a career agent dis tribution system. Furthermore, it reinsures portions of certain policies, thereby providing greater diversification of risk and minimizing exposure on larger policies. InterContinental Life's insurance subsidiaries are engaged primarily in administering existing portfolios of individual life insurance and accident and health insurance policies and annuity products. In recent news, Financial Industries completed a merger agreement whereby one of its subsidiaries merged into InterContinental Life. In addition, FIC announced that it was considering various offers to buy the entire company.
BRANDS/DIVISIONS/AFFILIATES: Family Life Corporation Family Life Insurance Company FIC Realty Services, Inc. FIC Property Management, Inc. FIC Computer Services, Inc. Atrium Beverage Corporation Financial Industries Service Corporation Financial Industries Securities Corporation
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Roy F. Mitte, CEO Roy F. Mitte, Pres. James M. Grace, CFO Sharon Rickey, Human Resources James M. Grace, VP/Treas.
Phone: 512-404-5050 Fax: 512-404-5210 Toll-Free: 800-925-6000 Address: 6500 River Place Blvd., Bldg. 1, Austin, TX 78730 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $68,400 ( 9 months) 2001 Profits: $8,800 ( 9 months) 2000 Sales: $48,000 2000 Profits: $8,800 Stock Ticker: FNIN 1999 Sales: $50,600 1999 Profits: $9,100 Employees: 286 1998 Sales: $56,300 1998 Profits: $9,218 Fiscal Year Ends: 12/31 1997 Sales: $69,700 1997 Profits: $16,328
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Y Profit Sharing: Top Exec. Salary: $503,500 Stock Purch. Plan: Second Exec. Salary: $195,000 Focus on products to cover the lives of mortgage borrowers.
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
LOCATIONS: ("Y" = Yes) West:
Southwest: Y
Midwest:
Southeast:
Bonus: Bonus:
$2,500,000 $25,000
Northeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
332
www.plunkettresearch.com
FINANCIAL SECURITY ASSURANCE HLDGS LTDwww.fsa.com Industry Group Code: 524298 Ranks within this company's industry group: Sales: 4 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 4
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Financial Guaranty Insurance Mortgage Guaranty Insurance
Financial Security Assurance Holdings, Ltd., through its subsidiary, Financial Security Assurance, Inc. (FSA), is primarily engaged in the business of providing financial guaranty insurance on asset-backed and municipal obligations. FSA was the first insurance company organized to insure asset-backed obligations and has been a leading insurer of such securities since its inception. Financial Security Assurance is licensed to engage in the financial guaranty insurance business in all 50 states, the District of Columbia and Puerto Rico. In order to ensure stability in the value of its guaranty, the company maintains strategic affiliations and partnerships with the Tokio Marine and Fire Insurance Co., Samsung Fire and Marine Insurance Co., XL Capital, Ltd. and Fairbanks Capital Holding Corp. FSA owns FSA Insurance Company, which in turn owns Financial Security Assurance International, Ltd. and Financial Security Assurance (UK), Ltd. All of the subsidiaries are controlled by Dexia, a Belgian-French financial services group.
BRANDS/DIVISIONS/AFFILIATES: FSA Insurance Company Financial Security Assurance International, Ltd. Financial Security Assurance (U.K.), Ltd. Financial Security Assurance, Inc. FSA Portfolio Management, Inc. Dexia XL Capital, Ltd. XL Financial Assurance, Ltd.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Robert P. Cochran, CEO Roger K. Taylor, Pres. Roger K. Taylor, COO John A. Harrison, CFO Suzanne Gallagher, Human Resources Jeffrey S. Joseph, Controller Bruce E. Stern, General Counsel Edsel C. Langley, Jr., Treas.
Phone: 212-826-0100 Fax: 212-688-3101 Toll-Free: Address: 350 Park Ave., New York, NY 10022 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for months. 2001 Sales: $ ( months) 2001 Profits: $ ( months) 2000 Sales: $278,600 2000 Profits: $63,300 Stock Ticker: Subsidiary 1999 Sales: $257,700 1999 Profits: $125,400 Employees: 243 1998 Sales: $238,100 1998 Profits: $117,000 Fiscal Year Ends: 12/31 1997 Sales: $202,400 1997 Profits: $100,500
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Top Exec. Salary: $ Second Exec. Salary: $ Increasing presence in the municipal bond insurance market.
Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
Profit Sharing:
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest:
Bonus: Bonus:
Southeast:
$ $
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International: Y
www.plunkettresearch.com
333
FINET.COM
www.finet.com
Industry Group Code: 522310 Ranks within this company's industry group: Sales: 15 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Technology: Finan. Software: Information Sys.: Online Services : Special Equipment: Consulting:
Y
Profits: 13
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Mortgages Consumer Finance
FiNet.com, formerly known as Finet Holdings, changed its name due to its restructured focus on the growing online mortgage and e-commerce markets. FiNet.com provides one-stop shopping for Internet savvy customers looking for their next home. Would-be homebuyers can learn if they qualify for a Fannie Mae or Freddie Mac loan in minutes using FiNet.com's iQualify online system. In addition, its Property Transaction Network connects buyers with a network of realtors. Apart from these services, subsidiaries FiNet Lending (formerly Monument Mortgage and Mical Mortgage) and FiNet Acceptance provide private mortgage and subprime mortgage loans, respectively. The company has alliances with such firms as Stewart Title, Brightware (a software developer) and iMall, an online shopping center. Notably, FiNet launched the Internet's first mortgage auction site that allows consumers to have their application reviewed and approved online before it is put out to bid to multiple lenders. FiNet introduced this new functionality as the exclusive operator of the Homeseekers.com Finance Center.
BRANDS/DIVISIONS/AFFILIATES: Finet Holdings FiNet Lending FiNet Acceptance iQualify
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Dan Rawitch, Interim CEO Gary Palmer, CFO Brian Jaffe, Sr. VP-Mktg. Nilna Avalos, Human Resources Benny H. Wong, Sr. VP-Tech. Rob Katz, Chief Tech. Officer Paula Norris, Investor Rel.
Phone: 925-242-6600 Fax: 925-242-5959 Toll-Free: 800-641-7556 Address: Bishop Ranch 7, 2527 Camino Ramon, Ste. 200, San Ramon, CA 94583 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $6,300 ( 9 months) 2001 Profits: $-7,000 ( 9 months) 2000 Sales: $8,100 2000 Profits: $-24,800 Stock Ticker: FNCM 1999 Sales: $22,400 1999 Profits: $-36,500 Employees: 88 1998 Sales: $15,200 1998 Profits: $-9,400 Fiscal Year Ends: 12/31 1997 Sales: $12,300 1997 Profits: $-2,800
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Y Profit Sharing: Top Exec. Salary: $345,170 Bonus: $100,000 Stock Purch. Plan: Second Exec. Salary: $164,016 Bonus: $90,602 Recently changed its name to FiNet.com, due to the company's focus on growing online mortgage and ecommerce markets.
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Apparent Women Officers or Directors: 2 Hot Spot for Advancement for Women/Minorities: Y
LOCATIONS: ("Y" = Yes) West: Y
Southwest:
Midwest:
Southeast:
Northeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
334
www.plunkettresearch.com
FINGER LAKES BANCORP INC Industry Group Code: 522110 Ranks within this company's industry group: Sales: 185 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 195
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking/Savings Associations
Finger Lakes Bancorp, formerly known as Finger Lakes Financial, owns the Savings Bank of the Finger Lakes, a stock savings bank operating seven branches in Canandaigua, Geneva, Ithaca, Auburn and Seneca Falls, New York. The bank is a community-oriented savings association operating in western New York. Standard retail services include checking, savings and money market accounts, as well as CDs. Its primary lending emphasis has been on the origination of single-family residential mortgage loans and home equity and property improvement loans secured by single-family residences. The bank’s lending activities also include commercial real estate, multi-family and commercial business loans. The Savings Bank of the Finger Lakes generally limits its lending activities to western New York with an emphasis on lending in Ontario, Seneca and Tompkins Counties. The firm intends to improve profitability by launching a program to sell a wide range of investment and insurance products, including mutual funds, life insurance and extended care insurance. Finger Lakes Bancorp attributes its success to its efforts in lowering costs through a transition to transaction and money market accounts.
BRANDS/DIVISIONS/AFFILIATES: Savings Bank of the Finger Lakes (The) Finger Lakes Financial
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. G. Thomas Bowers, CEO G. Thomas Bowers, Pres. Terry L. Hammond, CFO Mary Raeman, Human Resources Dale E. Sollenberger, VP-Branch Admin. Thomas A. Mayfield, Sr. VP/Senior Loan Officer Michael P. Donnelly, VP-Residential & Consumer Lending
Phone: 315-789-3838 Fax: 315-789-0651 Toll-Free: Address: 470 Exchange St., Geneva Geneva, NY 14456 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $19,400 ( 9 months) 2001 Profits: $1,271 ( 9 months) 2000 Sales: $23,600 2000 Profits: $ 802 Stock Ticker: FLBC 1999 Sales: $21,600 1999 Profits: $1,305 Employees: 80 1998 Sales: $19,238 1998 Profits: $ 724 Fiscal Year Ends: 12/31 1997 Sales: $16,432 1997 Profits: $ 847
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Y Profit Sharing: Stock Purch. Plan: Currently expanding its services.
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Apparent Women Officers or Directors: 2 Hot Spot for Advancement for Women/Minorities: Y
Top Exec. Salary: $191,800 Second Exec. Salary: $101,000
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Southeast:
Bonus: Bonus:
$25,627 $9,609
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
www.plunkettresearch.com
335
FIRST ALBANY COMPANIES INC
www.fac.com
Industry Group Code: 523110 Ranks within this company's industry group: Sales: 23 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Y
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 20
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Stock Brokerage/Investment Banking Municipal and Corporate Securities
First Albany Companies, Inc. is a parent company that offers a variety of investment and financial services through its subsidiaries: First Albany Corporation and First Albany Asset Management Corporation. First Albany Corporation conducts investment banking, financial advisory and brokerage activity throughout the United States for public and private clients. The subsidiary offers the web site, www.firstalbany.com, which is designed to provide comprehensive investment information and research to better serve First Albany’s clients and potential investors. One of the major benefits is the Platinum Full Service offered to clients in order to facilitate easy access to their account information. The Platinum Full Service account is an enhanced account designed for individual investors seeking online access, time management and maximum earnings. The service also offers dollar-fordollar mileage award points on all MasterMoney purchases toward free airline travel, hotel stays or car rentals, 24-hour concierge service, as well as travel accident and luggage insurance. First Albany Asset Management serves as investment advisors to individuals and institutions. It also provides a full array of investment capabilities of value to the institutional investor, including proprietary research and the trading and market-making of a broad spectrum of corporate, government and municipal securities. Though First Albany has experienced strength in its fixed income businesses, September 11th events have significantly weakened the equity markets division. Consequently, the company has had to reduce its workforce by 23% in this particular sector.
BRANDS/DIVISIONS/AFFILIATES: First Albany Corporation First Albany Asset Management Corporation Northeast Brokerage Services Corporation
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. George C. McNamee, Co- CEO Alan P. Goldberg, Pres./Co-CEO Steven R. Jenkins, Sr. VP/CFO Denise DiCerce, Human Resources Christina Rizopoulos Valauri, Dir.-Research Rob Gales, Co-Head- Equity Capital Markets
Phone: 518-447-8500 Fax: 518-447-8527 Toll-Free: 800-462-6242 Address: 30 S. Pearl St., Albany, NY 12207-0052 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note : Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $123,200 ( 9 months) 2001 Profits: $-1,300 ( 9 months) 2000 Sales: $187,600 2000 Profits: $20,300 Stock Ticker: FACT 1999 Sales: $248,700 1999 Profits: $ 400 Employees: 850 1998 Sales: $226,566 1998 Profits: $4,338 Fiscal Year Ends: 12/31 1997 Sales: $192,972 1997 Profits: $1,700
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Profit Sharing: Top Exec. Salary: $300,000 Stock Purch. Plan: Y Second Exec. Salary: $240,000 Continues to expand its capabilities/29 offices in nine states.
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Apparent Women Officers or Directors: 2 Hot Spot for Advancement for Women/Minorities: Y
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Bonus: Bonus:
$900,000 $340,000
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
336
www.plunkettresearch.com
FIRST AMERICAN CORP
www.firstam.com
Industry Group Code: 524127 Ranks within this company's industry group: Sales: 1 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Y Y
Profits: 1
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing: Y
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Title Insurance Real Estate Information and Services Consumer Information and Services Employee Screening Services Business Information and Services Automobile Finance Trust Services
First American Financial Corporation, through its subsidiaries, is engaged in the business of providing real estate-related financial and information services. The company also provides investment, trust and thrift services. First American Financial, through First American Title Insurance and its subsidiaries, transacts the business of title insurance through a network of more than 300 branch offices and over 4,000 independent agents. The company issues policies in the U.S., the District of Columbia, Puerto Rico, Guam, the U.S. Virgin Islands, the Bahama Islands, Canada, Mexico, Bermuda, the United Kingdom and Australia. First American has made several acquisitions in the past year. Its subsidiary HireCheck, Inc. recently acquired Pretiem Corp., a firm that provides background checks on job applicants and current employees. That same subsidiary has also announced its plans to acquire Substance Abuse Management, Inc., a leader in drug testing management and medical review officer services. First American purchased Credit Management Solutions, Inc., a technology provider of credit automation software and services. Most recently, the firm’s subsidiary Credit Online, Inc. acquired e-fin, LLC, a provider of online financing services to automobile dealers. First American Financial Corporation offers worldwide employment through its varied subsidiaries.
BRANDS/DIVISIONS/AFFILIATES: First American Title Insurance Company First American Home Buyers Protection Corporation e-fin, LLC Credit Online, Inc. Substance Abuse Management, Inc. Credit Management Solutions, Inc. Pretiem Corp. HireCheck, Inc.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Parker S. Kennedy, Pres. Thomas A. Klemens, CFO Mark R. Arnesen, Corp. Sec. Craig I. DeRoy, Exec. VP/General Counsel Jo Etta Bandy, VP-Corp. Comm. Denise M. Warren, Investor Relations Dir. Gary L. Kermott, Ex. VP/Pres., First American Title Insurance Co. John W. Long, Ex. VP/Pres., First American Real Estate
Phone: 714-800-3000 Fax: 714-541-6372 Toll-Free: Address: 1 First American Way, Santa Ana, CA 92707-5913 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $2,677,700 ( 9 months) 2001 Profits: $112,900 ( 9 months) 2000 Sales: $2,934,300 2000 Profits: $82,200 Stock Ticker: FAF 1999 Sales: $2,988,200 1999 Profits: $33,000 Employees: 20,346 1998 Sales: $2,943,900 1998 Profits: $201,500 Fiscal Year Ends: 12/31 1997 Sales: $1,962,000 1997 Profits: $67,800
SAL ARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Profit Sharing:
Top Exec. Salary: $455,172 Bonus: $300,000 Second Exec. Salary: $342,720 Bonus: $250,000 Capitalizes on its market by cross-selling a full range of real estate related financial services/Numerous strategic acquisitions.
Apparent Women Officers or Directors: 2 Hot Spot for Advancement for Women/Minorities: Y
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International: Y
www.plunkettresearch.com
337
FIRST BANCSHARES INC MO Industry Group Code: 522110 Ranks within this company's industry group: Sales: 200 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 182
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking/Savings Associations Mortgages
First Bancshares, Inc. MO is the holding company for First Home Savings Bank, a Missouri-chartered, federally insured stock savings bank. Though the holding company owns some real estate and a title insurance agency, First Bancs hares' activities primarily revolve around its bank. First Home conducts its business from its home office in Mountain Grove, Missouri and numerous full service branch facilities throughout Missouri. The bank's niche market is centered around rural communities and offers services to the Wright, Webster, Douglas, Christian, Ozark, Taney and Stone Counties of Missouri. First Home provides its customers with a wide array of community banking services. It is primarily engaged in the business of attracting deposits from, and making loans to, the general public. It emphasizes one- to four-family residential mortgage loans and, to a lesser extent, multifamily residential, consumer, commercial and home equity loans.
BRANDS/DIVISIONS/AFFILIATES: First Home Savings Bank South Central Missouri Title, Inc.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Stephen H. Romines, CEO Stephen H. Romines, Pres. Susan J. Uchtman, CFO Susan J. Uchtman, Human Resources Gina Gunnels, Treas. Peter M. Medlen, Exec. VP Charles W. Schumacher, VP
Phone: 417-926-5151 Fax: 417-926-4362 Toll-Free: Address: 142 East 1st St., Mountain Grove, MO 65711 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 12 months. 2001 Sales: $17,200 (12 months) 2001 Profits: $1,800 (12 months) 2000 Sales: $15,000 2000 Profits: $2,000 Stock Ticker: FBSI 1999 Sales: $13,900 1999 Profits: $1,800 Employees: 94 1998 Sales: $13,600 1998 Profits: $1,800 Fiscal Year Ends: 6/30 1997 Sales: $12,400 1997 Profits: $1,400
SALARIES/BENEFITS: Pension Plan: Y Savings Plan:
ESOP Stock Plan: Y Profit Sharing: Top Exec. Salary: $101,250 Bonus: Stock Purch. Plan: Second Exec. Salary: $ Bonus: Provides its customer with a f ull array of community banking services/Steady growth.
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Apparent Women Officers or Directors: 2 Hot Spot for Advancement for Women/Minorities: Y
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest: Y
Southeast:
$ $
Northeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
338
www.plunkettresearch.com
FIRST BELL BANCORP INC
www.bellfederalsavings.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 144 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 134
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking/Savings Associations Mortgages
First Bell Bancorp, Inc. is the holding company for Bell Federal Savings and Loan Association of Bellevue. With assets totaling over $750 million, Bell Federal operates a traditional customer-oriented savings and loan association by attracting retail deposits from the general public and investing those funds primarily in fixed-rate, owneroccupied, single family conventional mortgage loans and, to a much lesser extent, residential construction loans, multi-family loans, home equity loans and consumer loans. Its primary market area is in the areas surrounding its offices, while its lending activities extend throughout Allegheny County and parts of Beaver, Butler, Washington and Westmoreland Counties, in Pennsylvania. In addition to its principal office in Bellevue, the bank operates six other retail offices, all of which are located in Allegheny County. The company has intensified consumer-product emphasis by offering home equity loans, debit cards and 24-hour telephone banking. The introduction of debit cards and 24-hour banking provide First Bell's savings customers with the flexibility to have purchases withdrawn directly from their checking accounts and to access their accounts at their convenience.
BRANDS/DIVISIONS/AFFILIATES: Bell Federal Savings and Loan Association
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Albert H. Eckert, II, CEO Albert H. Eckert, II, Pres. Jeffrey M. Hinds, Exec. VP/CFO
Phone: 302-427-7883 Fax: 302-427-7890 Toll-Free: Address: 300 Delaware Ave., Ste. 1704, Wilmington, DE 19801 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $39,700 ( 9 months) 2001 Profits: $4,500 ( 9 months) 2000 Sales: $53,600 2000 Profits: $6,700 Stock Ticker: FBBC 1999 Sales: $52,700 1999 Profits: $8,000 Employees: 51 1998 Sales: $50,200 1998 Profits: $7,800 Fiscal Year Ends: 12/31 1997 Sales: $50,000 1997 Profits: $7,600
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Y Profit Sharing: Top Exec. Salary: $223,031 Bonus: $ Stock Purch. Plan: Second Exec. Salary: $114,779 Bonus: $ Recently began offering home equity loans, debit cards and 24-hour telephone banking.
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Apparent Women Officers or Directors: Hot Spot for Advancement for Women/Minorities:
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Southeast:
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
www.plunkettresearch.com
339
FIRST DATA CORP
www.firstdatacorp.com
Industry Group Code: 522320 Ranks within this company's industry group: Sales: 1
Profits: 1
Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Technology: Finan. Software: Information Sy s.: Online Services: Special Equipment: Consulting:
Y
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Y Y Y
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
Y
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Credit Card Processing, Financial Services Electronic Payment Processing Check Authorization Processing-Mutual Funds
First Data Corporation is the largest processor of credit card transactions in the U.S. and provides payment, credit card issuer and merchant processing services. Its Payment Services segment includes Western Union, Integrated Payment Systems and Orlandi Valuta companies. This segment is a leading provider of nonbank money transfer and payment services to consumers and commercial entities, including money transfer, official check and money order services. First Data recently announced a majority acquisition interest in NYCE Corporation, an electronic payments organization that will join existing companies in the Payment Services division. In addition, the firm has purchased Achex, an Internet payment organization. The Card Issuer Services sector encompasses domestic and international card processing and involves several companies that include First Data Resources and First Data Solutions. It provides a comprehensive line of processing and related services to financial institutions issuing credit and debit cards and to issuers of oil and private label credit cards. The segment derives revenues from fees payable under contracts that primarily depend on the number of accounts or transactions processed. In recent news, First Data acquired PaySys International, with the intent of accelerating international growth in its card issuing services segment. The Merchant Processing Services division is comprised of First Data Merchant Services, TeleCheck (the company's check and bankcard collections business) and First Data Financial Services. It provides merchants with credit and debit card transaction processing services, including authorization, transaction capture, settlement, Internet-based transaction processing, check verification and guarantee and collection services. First Data offers employees health and life benefits, paid vacations, employee assistance, flexible accounts and scholarship awards.
BRANDS/DIVISIONS/AFFILIATES: Western Union Financial Services, Inc. Integrated Payment Systems PaySys International, Inc. First Data Merchant Services TeleCheck First Data Financial Services Orlandi Valuta Achex, Inc.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Charles T. Fote, CEO Charles T. Fote, Pres. Charles T. Fote, COO Kimberly S. Patmore, Exec. VP/CFO Janet Harris, Sr. VP-Human Resources Michael Whealy, Exec. VP/Chief Admin. Officer William D. Thomas, Pres., Western Union Int'l. Pamela H. Patsley, Sr. Exec. VP Eula L. Adams , Sr. Exec. VP, First Data Resources
Phone: 303-488-8000 Fax: 303-967-6701 Toll-Free: Address: 6200 S. Quebec St., Greenwood Village, CO 80111 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $4,652,500 ( 9 months) 2001 Profits: $584,100 ( 9 months) 2000 Sales: $5,705,200 2000 Profits: $929,600 Stock Ticker: FDC 1999 Sales: $5,479,900 1999 Profits: $1,199,700 Employees: 27,000 1998 Sales: $5,047,100 1998 Profits: $465,700 Fiscal Year Ends: 12/31 1997 Sales: $5,198,900 1997 Profits: $356,700
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Profit Sharing:
Top Exec. Salary: $950,000 Bonus: Second Exec. Salary: $700,000 Bonus: Complete line of merchant processing and private label credit card services.
Apparent Women Officers or Directors: 4 Hot Spot for Advancement for Women/Minorities: Y
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
$836,000 $750,000
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International: Y
340
www.plunkettresearch.com
FIRST DEFIANCE FINANCIAL CORP
www.fdef.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 116 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 116
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y Y Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking/Savings Association Mortgages Insurance Agency
First Defiance Financial Corp. is the holding company of First Federal Savings and Loan. In addition, the company conducts its business through its two other subsidiaries, The Leader Mortgage Company and First Insurance & Investments. First Federal is a savings and loan association that provides financial services to communities based in northwest Ohio where it operates 13 full-service branches and 14 ATMs. In addition to traditional savings and loan activities, First Federal offers trust services to businesses and individuals. The Leader is a mortgage banking company that specializes in servicing loans originated under first-time homebuyer programs. Under these programs, first-time homebuyers are able to obtain loans at rates generally below market at the time of closing. The Leader has goals to expand its activities beyond first-time homebuyer programs by increasing its retail and wholesale mortgage loan originations, focusing on both conventional and FHA/VA programs. First Insurance and Investments offers commercial and personal insurance, as well as financial planning, employee benefits and professional employer organization services. First Defiance has plans to continue the growth of its commercial lending business, expand the insurance operations outside the city of Defiance and begin generating fee income through its trust department.
BRANDS/DIVISIONS/AFFILIATES: First Federal Savings and Loan Leader Mortgage Company (The) Insurance Center of Defiance First Insurance & Investments
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. William J. Small, CEO William J. Small, Pres. John C. Wahl, Exec. VP/CFO Rachel Ulrich, Human Resources John C. Wahl, Treas.
Phone: 419-782-5015 Fax: 419-782-5145 Toll-Free: Address: 601 Clinton St., Defiance, OH 43512 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $96,000 ( 9 months) 2001 Profits: $8,700 ( 9 months) 2000 Sales: $118,400 2000 Profits: $11,000 Stock Ticker: FDEF 1999 Sales: $94,200 1999 Profits: $8,600 Employees: 441 1998 Sales: $66,584 1998 Profits: $3,111 Fiscal Year Ends: 12/31 1997 Sales: $45,485 1997 Profits: $5,407
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Y Profit Sharing: Stock Purch. Plan: Growth through acquisitions.
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
Top Exec. Salary: $197,200 Second Exec. Salary: $170,040
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest: Y
Southeast:
Bonus: Bonus:
$76,325 $60,648
Northeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
www.plunkettresearch.com
341
FIRST ESSEX BANCORP INC
www.firstessex.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 115 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 105
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking/Savings Association Mortgages
First Essex Bancorp, Inc. is the holding company for First Essex Bank, FSB. With assets currently totaling $1.6 billion, First Essex Bank is a 150-year old community bank that provides deposit and lending services to retail and commercial customers in Massachusetts and New Hampshire. The bank has 20 offices located in northern Massachusetts and southern New Hampshire. It offers a full line of personal banking services that include checking, savings and retirement services, as well as a wide array of consumer and residential lending programs. First Essex is also the first community bank to offer lending programs for the financing of aircraft throughout the 48 continental United States. The bank intends to continue it focus on the needs of the companies and individuals that strengthen the communities it serves. The program entitled Your Checking Account is being made available without cost to the Lawrence High School for students to learn the techniques and responsibilities associated with maintaining a personal checking account.
BRANDS/DIVISIONS/AFFILIATES: First Essex Bank Finest Financial Corp. Pelham Bank and Trust Company
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Leonard A. Wilson, CEO Brian W. Thompson, Pres. Brian W. Thompson, COO William F. Burke, CFO Cynthia Cross, VP-Human Resources Wayne C. Golon, Exec. VP-Oper. and Systems John M. DiGaetano, Exec. VP-Community Banking
Phone: 978-681-7500 Fax: 978-458-2030 Toll-Free: Address: 71 Main St., Andover, MA 01810 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $94,400 ( 9 months) 2001 Profits: $12,600 ( 9 months) 2000 Sales: $119,400 2000 Profits: $14,500 Stock Ticker: FESX 1999 Sales: $102,800 1999 Profits: $12,700 Employees: 311 1998 Sales: $100,400 1998 Profits: $11,065 Fiscal Year Ends: 12/31 1997 Sales: $95,200 1997 Profits: $9,713
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Top Exec. Salary: $362,250 Second Exec. Salary: $232,200 Community-oriented/Offers a wide variety of products and services.
Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
Profit Sharing:
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Southeast:
Bonus: Bonus:
$159,390 $102,168
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
342
www.plunkettresearch.com
FIRST FED FIN CORP KY
www.ffsbky.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 155 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 138
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking/Savings Associations Mortgages Mutual Funds Sales Insurance Brokerage
First Federal Financial Corporation of Kentucky is the holding company for First Federal Savings Bank. First Federal Savings Bank is a federally chartered savings bank and currently operates out of 13 offices that are dispersed around central Kentucky. The business of the bank consists primarily of attracting savings deposits from the general public and originating first mortgage loans mainly on residential properties located in north-central Kentucky. First Federal also makes commercial real estate, consumer and other non-mortgage loans and invests in federal government and agency obligations, money market obligations and mortgage backed securities. Through a subsidiary, the bank sells annuities, mutual funds, equity stock, mortgage life, credit life and accident and health insurance to the bank's customers. First Federal Financial adopts and encourages a total quality management style of operation, whereby management is bottom -up rather than top-down.
BRANDS/DIVISIONS/AFFILIATES: First Federal Savings Bank of Elizabethtown Raymond James Financial Services First Federal Service Corporation
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. B. Keith Johnson, CEO B. Keith Johnson, Pres. Charles Chaney, COO Susan Simmons, Human Resources Rebecca S. Bowling, Corp. Sec./Exec. Asst. Rebecca S. Bowling, Treas. W. Ray Brown, Sr. VP-Compliance
Phone: 502-765-2131 Fax: 502-765-2135 Toll-Free: 800-314-2265 Address: 2323 Ring Rd., Elizabethtown, KY 42701 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 12 months. 2001 Sales: $50,500 (12 months) 2001 Profits: $5,600 (12 months) 2000 Sales: $42,400 2000 Profits: $5,700 Stock Ticker: FFKY 1999 Sales: $39,500 1999 Profits: $6,000 Employees: 200 1998 Sales: $34,042 1998 Profits: $6,334 Fiscal Year Ends: 6/30 1997 Sales: $31,250 1997 Profits: $4,774
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Profit Sharing:
Top Exec. Salary: $165,000 Second Exec. Salary: $ Growth through acquisitions/Highly profitable operations.
Apparent Women Officers or Directors: 2 Hot Spot for Advancement for Women/Minorities: Y
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest: Y
Southeast:
Bonus: Bonus:
$6,372 $
Northeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
www.plunkettresearch.com
343
FIRST FEDERAL CAPITAL CORP
www.firstfed.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 98 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 90
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking/Savings Association Mortgages
First Federal Capital Corporation is the holding bank for First Federal Savings Bank of La Crosse-Madison. The bank is a federally chartered, federally insured savings bank headquartered in La Crosse, Wisconsin. First Federal's primary business is attracting deposits from the general public, which are principally us ed to originate single-family residential loans, as well as commercial real estate, consumer and education loans. The bank's primary market areas consist of communities located in the western, south-central and eastern parts of Wisconsin and the northern portion of Illinois, as well as contiguous counties in Iowa and Minnesota. First Federal maintains a total of 79 banking offices in its market area. In recent company news, First Federal completed the acquisition of American Community Bancshares, a financial firm of Wassau, Wisconsin. In addition, the firm opened two new full-service banking centers in La Crosse, Wisconsin.
BRANDS/DIVISIONS/AFFILIATES: First Capital Holdings, Inc. First Reinsurance, Inc. First Enterprises, Inc. Turtle Creek Corporation First Federal Savings Bank of La Crosse-Madison American Community Bancshares, Inc.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Jack C. Rusch, CEO Jack C. Rusch, Pres. Jack C. Rusch, COO Michael W. Dosland, CFO Milne J. Duncan, Human Resources Michael W. Dosland, VP/Controller Michael W. Dosland, Treas./Sr. VP
Phone: 608-784-8000 Fax: 608-784-8080 Toll-Free: Address: 605 State St., La Crosse, WI 54601 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $161,700 ( 9 months) 2001 Profits: $19,000 ( 9 months) 2000 Sales: $197,100 2000 Profits: $23,100 Stock Ticker: FTFC 1999 Sales: $165,300 1999 Profits: $22,400 Employees: 897 1998 Sales: $150,028 1998 Profits: $19,424 Fiscal Year Ends: 12/31 1997 Sales: $139,270 1997 Profits: $17,390
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Y Profit Sharing: Y Top Exec. Salary: $367,500 Bonus: $179,286 Stock Purch. Plan: Second Exec. Salary: $219,392 Bonus: $112,244 Experienced several straight years of record profits from total operations and record loan closings.
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest: Y
Southeast:
Northeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
344
www.plunkettresearch.com
FIRST FINANCIAL HOLDINGS INC www.firstfinancialholdings.com Industry Group Code: 522110 Ranks within this company's industry group: Sales: 100 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Y
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 95
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking/Savings Association Mortgages Stock Brokerage
First Financial Holdings, Inc. is a savings and loan holding company headquartered in Charleston, South Carolina, which owns and operates First Federal Savings and Loan Association of Charleston and Peoples Federal Savings and Loan Association. Both associations operate through 44 offices that are located in the Charleston metropolitan area, as well as in the Horry, Georgetown, Florence and Beaufort Counties of South Carolina and the Brunswick County of North Carolina. Specifically, First Federal conducts business through 27 offices in its market area. Peoples Federal is also a federal stock savings and loan association, headquartered in Conway, South Carolina. The company also owns First Southeast Investor Services, Inc., along with other subsidiaries, for the purpose of operating as a broker-dealer. First Southeast Investor Services conducts business as a full-service subsidiary and has sales offices in all major markets of the company. Notably, First Federal is the largest savings and loan association in South Carolina based on assets.
BRANDS/DIVISIONS/AFFILIATES: First Federal of Charleston Peoples Federal of Conway First Southeast Investor Services, Inc. First Southeast Fiduciary & Trust Services, Inc. First Southeast Reinsurance Company, Inc. First Southeast Insurance Services, Inc. Charleston Financial Services Coastal Carolina Service Corporation
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. A. Thomas Hood, CEO A. Thomas Hood, Pres. Susan E. Baham, Sr. VP/CFO R. Bruce Copeland, Jr., VP-Mktg. Jerry P. Gazes, VP-Human Resources Richard H. Stoughton, VP-Info. Systems Phyllis B. Ainsworth, Corp. Sec.
Phone: 843-529-5933 Fax: 843-529-5929 Toll-Free: Address: 34 Broad St., Charleston, SC 29401 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 12 months. 2001 Sales: $198,200 (12 months) 2001 Profits: $22,600 (12 months) 2000 Sales: $180,000 2000 Profits: $19,900 Stock Ticker: FFCH 1999 Sales: $156,100 1999 Profits: $19,300 Employees: 639 1998 Sales: $149,702 1998 Profits: $16,539 Fiscal Year Ends: 9/30 1997 Sales: $134,100 1997 Profits: $14,100
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Profit Sharing: Top Exec. Salary: $215,316 Bonus: $85,994 Stock Purch. Plan: Y Second Exec. Salary: $158,366 Bonus: $71,104 First Federal is the largest financial institution headquartered in the Charleston, South Carolina metropolitan area and the largest thrift institution in South Carolina based on assets/Excellent record of profitable growth.
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Apparent Women Officers or Directors: 2 Hot Spot for Advancement for Women/Minorities: Y
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Southeast:
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
www.plunkettresearch.com
FIRST FRANKLIN CORP
www.franklinsavings.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 190 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
345
Y
Profits: 189
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking/Savings Associations Mortgages Financial Software
First Franklin Corporation is the holding company for the Franklin Savings and Loan Company. Franklin Savings and Loan is an Ohio-chartered stock savings and loan association that conducts business from its main office in Cincinnati, Ohio and its six branch offices in Hamilton County, Ohio. The principal business of Franklin is the acceptance of savings deposits from the general public and the origination of mortgage loans for the purpose of financing, refinancing or constructing one- to four-family owner occupied residential real estate. Franklin has two subsidiaries, Madison Service Corporation and DirectTeller Systems, Inc. Madison Service Corporation’s sole activity is to maintain contracts with a third party registered broker-dealer that offers mutual funds and brokerage services at the Franklin offices. DirectTeller Systems, Inc. is engaged in the development, marketing and sale of computer software designed to enable customers of financial institutions to obtain account information directly from the institution’s computer via touch tone telephone and/or facsimile machine. The company recently reintroduced its web site with a new, streamlined look that offers faster response times and additional features.
BRANDS/DIVISIONS/AFFILIATES: Franklin Savings and Loan Company DirectTeller Systems Inc. Madison Service Corp.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Thomas H. Siemers, CEO Thomas H. Siemers, Pres. Daniel T. Voelpel, VP/CFO Robert Snyder, Dir.-Human Resources
Phone: 513-469-5325 Fax: 513-469-5360 Toll-Free: Address: 4750 Ashwood Dr., Cincinnati, OH 45241 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $15,300 ( 9 months) 2001 Profits: $ 900 ( 9 months) 2000 Sales: $19,500 2000 Profits: $1,500 Stock Ticker: FFHS 1999 Sales: $16,700 1999 Profits: $1,400 Employees: 57 1998 Sales: $17,700 1998 Profits: $1,800 Fiscal Year Ends: 12/31 1997 Sales: $17,100 1997 Profits: $1,700
SALARIES/BENEFITS: Pension Plan: Y Savings Plan:
ESOP Stock Plan: Y Profit Sharing: Top Exec. Salary: $222,945 Stock Purch. Plan: Second Exec. Salary: $116,487 Utilizes technological advances in its products and service offerings.
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Apparent Women Officers or Directors: Hot Spot for Advancement for Women/Minorities:
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest: Y
Southeast:
Bonus: Bonus:
$ $
Northeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
346
www.plunkettresearch.com
FIRST HEALTH GROUP CORP
www.firsthealth.com
Industry Group Code: 621491 Ranks within this company's industry group: Sales: 11 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc .: Trust Services: Investment Mngmt.:
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 8
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Y
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
Y
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: PPO Insurance Company-Underwriting Claims Administration Pharmacy Benefit Management Utilization Review Services Workers' Compensation Services Auto Managed Care Services
First Health Group Corp. is one of the nation’s premier fullservice national health benefits companies. The company specializes in providing large, national employers with a fully integrated, single source for their group health programs. Through its workers’ compensation and auto service line, the firm provides a full range of managed care services for insurance carriers, state insurance funds, TPAs and large, self-insured national employers. First Health Group offers claims administration, pharmacy benefits management and clinical management services to state Medicaid and entitlement programs. The firm provides comprehensive pharmacy benefit management services through its First Health Rx division. This division provides clients with retail and mail order pharmacy services from approximately 51,000 participating pharmacies nationwide. The company recently acquired CCN, a national group health, workers’ compensation and auto managed care company. In order to achieve growth, the company develops services that can be implemented in a broad range of payor environments and are responsive to the needs of customers. Moreover, the services are developed to be easily replicated and modified in response to changes in the healthcare market. The firm minimizes the cost of services provided by nonnetwork facilities by reviewing clients’ non-network claims retrospectively, prior to claims payment, and negotiating a discount on billed charges for prompt payment. The company also evaluates claims for audit potential to determine where the greater savings could be achieved. First Health Group Corp. offers its employees life and health insurance plans, flexible spending accounts, tuition reimbursement and credit union membership.
BRANDS/DIVISIONS/AFFILIATES: First Health Services Corp. First Health Rx American Life and Health Insurance Company Loyalty Life and Health Insurance Company Affordable Health Care Concepts First Health Occupational-Urgent Care Health Systems, Inc. CCN
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. James C. Smith, CEO Edward L. Wristen, Pres. Edward L. Wristen, COO Joseph E. Whitters, CFO/VP-Finance Patrick G. Dills, Exec. VP-Sales Susan T. Smith, Sec. Susan T. Smith, General Counsel Lottie A. Kurcz, Sr. VP-Strategic Bus. Dev. Susan Oberling, Sr. VP-Health Plan Serices Administration Susan M. Fleming, VP- Product Management A. Lee Dickerson, Exec. VP-Provider Networks and Bill Review Admin. Mary Anne Carpenter, Ex. VP-Service Products
Phone: 630-737-7900 Fax: 630-719-0076 Toll-Free: Address: 3200 Highland Ave., Downers Grove, IL 60515-1282 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 6 months. 2001 Sales: $275,900 ( 6 months) 2001 Profits: $49,700 ( 6 months) 2000 Sales: $506,741 2000 Profits: $82,619 Stock Ticker: FHCC 1999 Sales: $458,500 1999 Profits: $69,306 Employees: 3,825 1998 Sales: $503,100 1998 Profits: $88,000 Fiscal Year Ends: 12/31 1997 Sales: $388,975 1997 Profits: $7,100
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Y Profit Sharing: Top Exec. Salary: $949,456 Stock Purch. Plan: Y Second Exec. Salary: $432,699 A leading U.S. full-service health benefits company.
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Apparent Women Officers or Directors: 5 Hot Spot for Advancement for Women/Minorities: Y
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Bonus: Bonus:
$688,764 $114,002
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
www.plunkettresearch.com
347
FIRST INDIANA CORP
www.firstindiana.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 97 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Y
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 87
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking/Savings Association Mortgages Real Estate
First Indiana Corporation is the holding company for First Indiana Bank. First Indiana’s subsidiaries include: One Mortgage Corporation, a mortgage origination subsidiary; One Investment Corporation, an operating subsidiary; and One Property Corporation, a real estate investment subsidiary. The bank is a federally chartered stock savings bank engaged primarily in the business of attracting deposits from the general public and originating residential mortgage loans, business loans and consumer loans. First Indiana offers a full range of banking services through 26 banking offices located throughout metropolitan Indianapolis, Evansville, Franklin, Pendleton, Westfield, Mooresville and Rushville, Indiana. Apart from its retail banking operations, the company offers construction and consumer loans in seven states, as well as originates loans in 47 states. Recently, First Indiana Corp. received federal approval of its application to become a national bank holding company. The institution believes this acknowledgement is the final step of transitioning from a savings and loan association to a commercial bank. As a result of the announcement, the company has changed its stock symbol from FISB to FINB, in order to reflect its transformation from a federal savings bank to a national bank and illustrate its commitment to the Indiana market.
BRANDS/DIVISIONS/AFFILIATES: First Indiana Bank One Mortgage Corporation One Investment Corporation One Property Corporation Pioneer Service Corporation FirstTrust Indiana Prime Capital Management
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Marni McKinney, CEO Owen B. Melton, Jr., Pres. Owen B. Melton, Jr., COO William J. Brunner, CFO/Sr. VP-Finance Chris Raisovich, Human Resources William J. Brunner, Treas.
Phone: 317-269-1200 Fax: 317-859-4723 Toll-Free: Address: 135 North Pennsylvania St., Indianapolis , IN 46204 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $156,700 ( 9 months) 2001 Profits: $20,300 ( 9 months) 2000 Sales: $198,400 2000 Profits: $24,800 Stock Ticker: FINB 1999 Sales: $173,400 1999 Profits: $22,700 Employees: 668 1998 Sales: $159,600 1998 Pr ofits: $19,147 Fiscal Year Ends: 12/31 1997 Sales: $145,300 1997 Profits: $17,744
SALARIES/BENEFITS: Pension Plan: Y Savings Plan:
ESOP Stock Plan: Stock Purch. Plan:
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Top Exec. Salary: $340,000 Bonus: $190,603 Second Exec. Salary: $244,231 Bonus: $132,853 The company is currently restructuring and streamlining operations/Record of very profitable growth.
Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
Profit Sharing:
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International: Y
348
www.plunkettresearch.com
FIRST INVESTORS FINANCIAL SVCS GROUP INC www.fifsg.com Industry Group Code: 522220 Ranks within this company's industry group: Sales: 6 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 6
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Automobile Financing
First Investors Financial Services Group, Inc. is a specialized consumer finance company.It is primarily engaged in the purchase and retention of retail installment contract receivables originated by franchised automobile dealers. The company is headquartered in Houston, Texas and operates a network of over 1,400 franchised dealers located in 26 states. In recent news, the firm entered into an agreement to refinance an acquisition facility. Under the agreement terms, a partnership was created in which First Investors serves as the general partner with a 70% interest with First Union Investors, Inc., an affiliate of First Union, serving as the limited partner.
BRANDS/DIVISIONS/AFFILIATES: Auto Lenders Acceptance Corporation FIFS Acquisition Funding Company LLC First Union Investors, Inc.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Tommy A. Moore, Jr., CEO Tommy A. Moore, Jr., Pres. Joseph A. Pisano, COO Bennie H. Duck, VP-CFO J. Clayton Adams , VP-National Mktg. Teresa A. Peel, Human Resources Rosemary J. O'Connor, Controller Bennie H. Duck, Corp. Sec. Bennie H. Duck, Treas. Roberto Marchesini, VP-Portfolio Risk Management Michael D. Ogg, VP-Credit Admin.
Phone: 713-977-2600 Fax: 800-448-0288 Toll-Free: 800-722-9112 Address: 675 Bering Drive, Suite 710, Houston, TX 77057 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 12 months. 2001 Sales: $47,400 (12 months) 2001 Profits: $ 100 (12 months) 2000 Sales: $44,300 2000 Profits: $3,000 Stock Ticker: FIFS 1999 Sales: $33,870 1999 Profits: $2,002 Employees: 167 1998 Sales: $20,666 1998 Profits: $1,224 Fiscal Year Ends: 4/30 1997 Sales: $18,844 1997 Profits: $2,143
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Profit Sharing:
Top Exec. Salary: $150,000 Second Exec. Salary: $140,000 Continues to expand areas where it is licensed to operate.
Apparent Women Officers or Directors: 2 Hot Spot for Advancement for Women/Minorities: Y
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest:
Southeast:
Bonus: Bonus:
$233,349 $15,000
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
www.plunkettresearch.com
FIRST KEYSTONE FINANCIAL
349
www.firstkeystone.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 171 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 177
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking/Savings Associations Mortgages Business Loans
First Keystone Financial, Inc. is a unitary savings and loan holding company conducting business through its wholly owned subsidiary, First Keystone Federal Savings Bank. The firm tailors its products to both commercial business and individual cutomers primarily within the Penns ylvanian market. First Keystone has sought cost-saving value for its customers and shareholders by enhancing its computer software, which has enabled construction loan officers to offer more innovative loan products such as construction revolvers. This loan is similar to a line of credit, but the loan is secured through the real estate of the development project and the cash flow revolves throughout the life of the project. The bank has also enhanced its ATM network with online real time access. As a result, the customer can receive faster and more accurate account information 24 hours a day. First Keystone Federal now offers its commercial customers credit card merchant processing through their computers, which enables the merchant to approve sales through the Internet. Member Select is a product that enables business owners to offer their employees discounted and free banking services. Recently, the company experienced an increase in its total assets base. This was mainly due to an increase in the investm ent and mortgage-related securities available for sale portfolios, and an increase in the net loan portfolio. The bank’s asset growth was funded through growth in the value of deposits made.
BRANDS/DIVISIONS/AFFILIATES: Keystone Direct Sweep Account Member Select First Keystone Federal Savings Bank First Keystone Insurance Services, LLC
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Donald S. Guthrie, CEO Donald S. Guthrie, Pres. Thomas M. Kelly, Exec. VP-CFO Elizabeth M. Mulcahy, Sr. VP-Human Resources Carol Walsh, Corp. Sec. Thomas M. Kelley, Exec. VP Stephen J. Henderson, Sr. VP-Lending
Phone: 610-565-6210 Fax: 610-892-5150 Toll-Free: Address: 22 West State Street, Media, PA 19063 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 12 months. 2001 Sales: $33,700 (12 months) 2001 Profits: $2,500 (12 months) 2000 Sales: $32,300 2000 Profits: $2,400 Stock Ticker: FKFS 1999 Sales: $30,500 1999 Profits: $2,800 Employees: 86 1998 Sales: $28,900 1998 Profits: $2,800 Fiscal Year Ends: 9/30 1997 Sales: $24,200 1997 Profits: $2,600
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Y Profit Sharing: Top Exec. Salary: $207,000 Bonus: $36,123 Stock Purch. Plan: Second Exec. Salary: $155,217 Bonus: $26,349 First Keystone has enhanced its computer software, enabling construction loan officers to offer more innovative loan products.
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Apparent Women Officers or Directors: 4 Hot Spot for Advancement for Women/Minorities: Y
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Southeast:
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
350
www.plunkettresearch.com
FIRST MIDWEST BANCORP INC
www.firstmidwest.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 80
Profits: 71
Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y Y Y Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking/Savings Association Insurance Investment Advisory Services Mortgage Banking Commercial and Consumer Loans Agricultural Banking Services Trust Services
First Midwest Bancorp, Inc. is a multi-bank holding company and Illinois’ third largest publicly traded banking company, headquartered in the Chicago suburb of Itasca, Illinois. The company’s banking affiliate is First Midwest Bank, N.A., operating 76 banking offices, primarily in northern Illinois and Iowa. The bank is engaged in commercial and retail banking and offers a broad range of lending, depository and related financial services. Structurally, First Midwest Bank is comprised of two divisions, a sales division in five geographical regions and a support division providing corporate administrative and support services through various functional departments. In addition to the bank, First Midwest Bancorp has four affiliates that offer trust, investment advisory and mortgage banking-related services as well as insurance products. The trust subsidiary provides trust and investment management services to its clients, acting as executor, administrator, trustee and agent. First Midwest Mortgage Corporation consolidates the residential real estate mortgage loan origination, sales and servicing operations conducted by the bank. First Midwest Insurance Company operates as a reinsurer of credit life, accident and health insurance sold through the bank, primarily in conjunction with the consumer lending operations. Heritage Bank, N.A. provides trust and investment services to its clients and operates an insurance agency that offers a broad range of insurance products. Recently, First Midwest Bancorp announced that its banking subsidiary, First Midwest Bank, converted from a national banking association to an Illinois -based banking corporation. The subsidiary has full fiduciary powers and continues to operate under the name First Midwest Bank. In other news, First Midwest's trust subsidiary, First Midwest Trust Company, merged into First Midwest Bank. The company offers its employees free banking with payroll direct deposit, a health care expense account and an employee assistance program.
BRANDS/DIVISIONS/AFFILIATES: Heritage Bank, National Association Heritage Financial Services, Inc. SparBank Inc. First Midwest Bank, National Association First Midwest Trust Company, N.A. First Midwest Mortgage Company First Midwest Insurance Company
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Robert P. O'Meara, CEO John M. O'Meara, Pres. John M. O'Meara, COO Donald J. Swistowicz, Exec. VP-CFO Kent S. Belasco, Exec. VP-CIO Stephanie R. Wise, Exec. VP-Chief E-Commerce Officer Gary A. Breidenbach, Exec. VP-Chief Commercial Credit Officer Janet M. Viano, Group Pres. Retail Banking Terry G. Beaudry, Pres.-Trust Div. Ralph R. Leonard, Exec. VP-Chief Retail Credit Officer
Phone: 630-875-7450 Fax: 630-875-7474 Toll-Free: 800-322-3623 Address: 300 Park Boulevard, Suite 405, Itasca, IL 60143-9768 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $348,600 ( 9 months) 2001 Profits: $60,800 ( 9 months) 2000 Sales: $484,700 2000 Profits: $75,500 Stock Ticker: FMBI 1999 Sales: $419,600 1999 Profits: $70,900 Employees: 1,518 1998 Sales: $420,059 1998 Profits: $67,237 Fiscal Year Ends: 12/31 1997 Sales: $409,033 1997 Profits: $61,690
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Profit Sharing: Y
Top Exec. Salary: $487,000 Bonus: $290,271 Second Exec. Salary: $396,000 Bonus: $236,032 One of the largest independent financial institutions serving the Illinois and Iowa markets.
Apparent Women Officers or Directors: 3 Hot Spot for Advancement for Women/Minorities: Y
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest: Y
Southeast:
Northeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
www.plunkettresearch.com
351
FIRST MIDWEST FINANCIAL INC
www.fmficash.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 161 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 175
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking/Savings Associations Mortgages
First Midwest Financial, Inc. is the holding company of First Federal Savings Bank and Security State Bank. First Federal and Security State are community-oriented financial institutions offering a variety of financial services to meet the needs of the communities they serve. First Federal operates as a thrift with four divisions. Its principal business consists of attracting retail deposits from the general public and investing those funds primarily in family residential mortgage loans. The principal business of Security State continues to be attracting retail deposits from the general public and investing those funds primarily in agricultural real estate and operating loans. First Federal operates 15 offices in the communities of Des Moines, Lake View, Laurens, Manson, Odebolt, Sac City, Storm Lake, Iowa and two offices in Brookings , South Dakota. Security operates its business through three full service offices in Casey, Menlo and Stuart, Iowa. The company's primary market area includes Adair, Buena Vista, Calhoun, Guthrie, Ida, Pocahontas, Polk and Sac Counties in Iowa and Brookings County in South Dakota. In recent news, First Midwest opened a new office in Sioux Falls, South Dakota as well as a third location in Des Moines, Iowa. Since opening, deposits and loans at these new locations have continued to grow. Security State recently underwent a data processing conversion that is expected to lead to increased efficiency. The firm’s credit quality has continued to exceed the industry average for similar-sized banks and thrifts. Maintaining this high quality level continues to be a strategic focus of management.
BRANDS/DIVISIONS/AFFILIATES: First Federal Savings Bank of the Midwest Security State Bank Brookings Federal Bank Iowa Savings Bank First Midwest Capital Trust I
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. James S. Haahr, CEO James S. Haahr, Pres. J. Tyler Haahr, COO Donald J. Winchell, Sr. VP-CFO Ellen E. H. Moore, VP-Mktg. and Sales J. Tyler Haahr, Corp. Sec. Lisa Binder, Investor Rel. Donald J. Winchell, Treas. Tim D. Harvey, Pres.-Brooings Federal Division Troy Moore, Pres.-Iowa Savings Bank Karen Waller, VP-Regional Susan C. Jesse, Sr. VP-First Federal Savings
Phone: 712-732-4117 Fax: 712-732-7105 Toll-Free: 800-792-6815 Address: Fifth at Erie, P.O. Box 1307, Storm Lake, IA 50588 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 12 months. 2001 Sales: $39,700 (12 months) 2001 Profits: $1,900 (12 months) 2000 Sales: $39,000 2000 Profits: $2,400 Stock Ticker: CASH 1999 Sales: $37,200 1999 Profits: $2,600 Employees: 136 1998 Sales: $34,000 1998 Profits: $2,785 Fiscal Year Ends: 9/30 1997 Sales: $30,700 1997 Profits: $3,642
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Y Profit Sharing: Top Exec. Salary: $221,000 Stock Purch. Plan: Second Exec. Salary: $207,000 Introducing several new products and services.
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Apparent Women Officers or Directors: 4 Hot Spot for Advancement for Women/Minorities: Y
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest: Y
Southeast:
Bonus: Bonus:
$62,640 $58,000
Northeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
352
www.plunkettresearch.com
FIRST MONTAUK FINANCIAL CORP
www.firstmontauk.com
Industry Group Code: 523110 Ranks within this company's industry group: Sales: 31
Profits: 29
Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Y
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Y
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Stock Brokerage/Investment Banking Leasing/Financing-Business Equipment, Cars, Trucks Insurance Company-Underwriting Syndicated Offerings Financial Software Municipal Bonds Private Placements Mortgage-Backed Securities
First Montauk Financial Corp. (FMFC) is a holding company, which through its subsidiary, First Montauk Securities Corp. (FMSC), is engaged primarily as a retail and institutional securities brokerage firm. FMSC also sells insurance products through its subsidiary Montauk Insurance Services, Inc. FMSC's business activities consist of retail sales and the trading of listed and unlisted equity and fixed-income securities; government, municipal and corporate securities; and options. FMSC is currently licensed to conduct its broker/dealer business in 49 states, the District of Columbia and Puerto Rico. The company maintains over 150 branch and satellite offices, all of which are operated by affiliates. FMSC has more than 400 registered representatives and services approximately 50,000 retail and institutional customer accounts. Through Century Discount Securities, First Montauk offers discount brokerage services that are conducted via the Montauk Strategic Alliance Group (MSAG). MSAG is a division dedicated to attracting CPAs and financial planners who would like to expand the financial services they offer to their clients. In recent news, GraphOn Corporation appointed FMSC as its exclus ive investment banker and financial advisor. GraphOn is a Silicon Valley-based developer of infrastructure software for network and webenabling applications.
BRANDS/DIVISIONS/AFFILIATES: First Montauk Securities Corp. Montauk Insurance Services, Inc. Montauk Advisors, Inc.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Herbert Kurinsky , CEO Herbert Kurinsky , Pres. William J. Kurinsky, VP-COO William J. Kurinsky, VP-CFO Robert I. Rabinowitz, General Counsel Robert I. Rabinowitz, Chief Admin. Officer Katy Paul, Investor Rel. Seth Rosen, Pres.-Century Discount Services Mark D. Lowe, Pres.-Insurance Services
Phone: 732-842-4700 Fax: 732-842-9047 Toll-Free: 800-876-3672 Address: Parkway 109 Office Center, 328 Newman Springs , Red Bank, NJ 07701 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 6 months. 2001 Sales: $26,300 ( 6 months) 2001 Profits: $-1,400 ( 6 months) 2000 Sales: $59,300 2000 Profits: $- 700 Stock Ticker: FMFK 1999 Sales: $57,600 1999 Profits: $2,300 Employees: 440 1998 Sales: $41,876 1998 Profits: $-2,763 Fiscal Year Ends: 12/31 1997 Sales: $37,743 1997 Profits: $1,477
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Profit Sharing:
Top Exec. Salary: $256,217 Second Exec. Salary: $256,217
Bonus: Bonus:
$29,306 $24,234
Nationwide presence.
Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
www.plunkettresearch.com
FIRST MORTGAGE CORP
353
www.firstmortgage.com
Industry Group Code: 522310 Ranks within this company's industry group: Sales: 14 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 10
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Mortgages Loan Origination
First Mortgage Corporation is a mortgage-banking firm headquartered in California. The company originates, purchases, warehouses, sells and services primarily first mortgage loans for the purchase or refinance of owneroccupied residences located principally in California. First Mortgage originates mortgage loans in geographic areas with moderately priced housing through a network of offices located in California and Arizona. The company's long-term production objective is to increase loan origination through strategically located new offices and to promote new products that can be marketed at an acceptable rate of return to the company. First Mortgage originates mortgage loans through three primary sources: retail, direct marketing and wholesale. The firm’s competitive advantage lies in the fact that it is a direct lender, not a broker, so there are no middleman broker fees or charges.
BRANDS/DIVISIONS/AFFILIATES: Direct Marketing Division
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Clement Ziroli, CEO Bruce G. Norman, Pres. Bruce G. Norman, COO Pac W. Dong, Exec. VP-CFO Ronald T. Vargas, Sr. VP-Secondary Mktg. Tammy Reeves, VP-Human Resources Kenneth Malinak, Sr. VP-Information Systems Pac W. Dong, Controller Robert E. Adams , Sr. VP-Retail Production Timothy A. O'Grady , General Counsel Shirley Jasch, VP-Branch Oper. Scott Lehrer, Sr. VP-Loan Servicing Robyn S. Fredericks, Sr. VP-Loan Closing Monika Searcy, VP-Servicing Oper. Joni Cerwin, VP-Underwriting
Phone: 909-595-1996 Fax: 909-598-7351 Toll-Free: 800-395-4778 Address: 3230 Fallow Field Drive, Diamond Bar, CA 91765-3479 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 12 months. 2001 Sales: $20,000 (12 months) 2001 Profits: $ 600 (12 months) 2000 Sales: $17,900 2000 Profits: $- 600 Stock Ticker: FMOR 1999 Sales: $33,700 1999 Profits: $4,800 Employees: 220 1998 Sales: $21,100 1998 Profits: $1,500 Fiscal Year Ends: 3/31 1997 Sales: $18,100 1997 Profits: $1,100
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Profit Sharing: Y
Top Exec. Salary: $277,590 Second Exec. Salary: $245,218
Bonus: Bonus:
$ $
Operates as a direct lender.
Apparent Women Officers or Directors: 7 Hot Spot for Advancement for Women/Minorities: Y
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest:
Southeast:
Northeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
354
www.plunkettresearch.com
FIRST MUTUAL SAVINGS BANK
www.firstmutual.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 145 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 135
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking/Savings Association Mortgages Deposit Services and Products
First Mutual Savings Bank is a Washington statechartered mutual savings bank. The business of the bank consists of attracting deposits from the general public as well as wholesale funding sources and investing those funds primarily in real estate loans, mid-sized business loans, loans secured by savings accounts and consumer loans. First Mutual also conducts a significant mortgage banking operation, which encompasses the selling of primarily fixed-rate loans into the secondary mortgage market. The bank's savings and lending operations are conducted through 12 full service facilities located in Bellevue, Redmond, Seattle, sI saquah, Bellingham and Monroe, Washington. Additionally, there are three income property loan production offices located in Salem, Oregon, and Tacoma and Bellingham, Washington. For the past several years, the Consumer Lending Department of First Mutual has developed a variety of product lines, beginning with home equity loans, followed by the bank's sales finance program, as well as direct consumer lending for items such as cars, boats and RVs. In recent financial news, revenues and net income for the firm have continued to increase, marking First Mutual’s 9th consecutive year of earnings growth. Income property and commercial loan originations grew by the largest margins, allowing the bank to capitalize on increased demand through the efficiency of its service and operations. Another factor in the continued levels of success that the company has enjoyed has been its strategy of shifting its balance sheet from that of a thrift to one that more resembles a commercial bank. Furthermore, due to the diversification of its customers, First Mutual’s portfolio continues to perform well despite a slowing economy. Employees are offered a range of healthcare coverages.
BRANDS/DIVISIONS/AFFILIATES: Consumer Lending Department
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. John R. Valaas, CEO John R. Valaas, Pres. Roger A. Mandery, Exec. VP-CFO Kari A. Stenslie, Controller Phyllis A. Easterlin, Corp. Sec. Robin R. Carey, Sr. VP-Oper. and Admin. James R. Boudreau, Chief Credit Officer Scott B. Harlan, Sr. VP-Residential and Consumer Lending Richard Collette, Exec. VP-Commercial Banking Group
Phone: 425-453-5301 Fax: 425-453-5302 Toll-Free: Address: 400 108th Avenue NE, Bellevue, WA 98004 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $43,600 ( 9 months) 2001 Profits: $5,200 ( 9 months) 2000 Sales: $53,500 2000 Profits: $6,600 Stock Ticker: FMSB 1999 Sales: $45,200 1999 Profits: $6,000 Employees: 135 1998 Sales: $42,400 1998 Profits: $5,200 Fiscal Year Ends: 12/31 1997 Sales: $38,100 1997 Profits: $4,500
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Y Profit Sharing: Y Top Exec. Salary: $241,632 Stock Purch. Plan: Second Exec. Salary: $184,687 Expanding products and service offerings.
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Apparent Women Officers or Directors: 3 Hot Spot for Advancement for Women/Minorities: Y
LOCATIONS: ("Y" = Yes) West: Y
Southwest:
Midwest:
Southeast:
Bonus: Bonus:
$ $
Northeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
www.plunkettresearch.com
355
FIRST NIAGARA FINANCIAL GROUP INC www.niagarabancorp.com Industry Group Code: 522110 Ranks within this company's industry group: Sales: 103 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 97
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking/Savings Association Mortgages Insurance Brokerage
First Niagara Financial Group, Inc. (FNFG) is the holding company of First Niagara Bank, Cortland Savings Bank and Cayuga Bank. FNFG changed names from Niagara Bancorp in 2000 when the company converted rfom a New York State chartered mutual savings bank to a New York State chartered stock savings bank and the reorganization to a two-tiered mutual holding company. The banks offer a full range of personal and business checking, savings, loan and mortgage products, investment alternatives and a full range of commercial and consumer insurance, annuities and mutual funds. Subsidiary Warren-Hoffman and Associates, Inc. offers personal and commercial insurance, surety bonds, risk management, employee benefits and administration and life, disability and long-term care coverage. Recently FNFG acquired Empire National Leasing, Inc., a nationwide provider of equipment lease financing through a network of manufacturers, distributors, vendors and customers in a variety of industries. Empire subsequently changed its name to First Niagara Leasing, Inc. Additionally, the company purchased Niagara Investment Advisors, Inc., a provider of investment supervisory services. In supplementing its financial services, FNFG created First Niagara Risk Management, increasing the group’s ability to offer consulting and risk management services to mid- to large-size commercial customers. The company offers employees medical, dental and life insurance, an employee assistance program and training opportunities.
BRANDS/DIVISIONS/AFFILIATES: First Niagara Leasing, Inc. Warren-Hoffman & Associates Foote-Mandaville Agency, Inc. NOVA Healhcare Administrators, Inc. Empire National Leasing Cortland Savings Bank Cayuga Bank First Niagara Risk Management
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. William E. Swan, CEO William E. Swan, Pres. Daniel A. Dintino, Jr., Sr. VP-Finance Kathleen P. Monti, VP- Human Resources Frank J. Polino, Sr. VP-Tech. Paul J. Kolkmeyer, Exec. VP-Consumer Banking G. Gary Berner, Exec. VP-Commercial Lending Daniel E. Cantara, Chief Financial Services Officer
Phone: 716-625-7500 Fax: 716-625-8405 Toll-Free: Address: 6950 S.Transit Road, Lockport, NY 14095-0514 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $165,600 ( 9 months) 2001 Profits: $15,400 ( 9 months) 2000 Sales: $171,100 2000 Profits: $19,500 Stock Ticker: FNFG 1999 Sales: $135,500 1999 Profits: $18,400 Employees: 930 1998 Sales: $101,284 1998 Profits: $10,382 Fiscal Year Ends: 12/31 1997 Sales: $89,159 1997 Profits: $11,251
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Y Profit Sharing: Stock Purch. Plan: Steady, profitable growth.
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
Top Exec. Salary: $343,212 Second Exec. Salary: $201,059
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Southeast:
Bonus: Bonus:
$116,102 $62,925
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
356
www.plunkettresearch.com
FIRST SENTINEL BANCORP INC
www.firstsavings.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 112
Profits: 91
Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Y
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking/Savings Association Mortgages Securities Private and Commercial Loans
First Sentinel Bancorp, Inc. is the holding company for First Savings Bank, SLA, based in Woodbridge, New Jersey. The bank is the largest publicly held thrift headquartered in New Jersey, and operates 22 retailbanking offices in Middlesex, Monmouth, Mercer and Union Counties. First Savings’ principal business is attracting retail deposits from the general public and investing these deposits. The firm also invests funds generated from operations and borrowings, primarily in single-family residential mortgage loans, real estate construction loans, commercial real estate loans, home equity loans and lines of credit and multi-family residential mortgage loans. First Savings maintains a significant portfolio of mortgage-backed securities and also invests in U.S. Government, federal agency and corporate debt securities and other marketable securities. Its revenues are mainly derived from interest on its loan and mortgagebacked securities portfolios, as well as interest and dividends from its investment securities. The bank is continuously diversifying and expanding upon the products and services it offers by focusing on small and medium sized retail businesses as both lending and deposit customers. In recent news, the company has continued to record earnings growth despite a slowing economy. Progress was made in the key areas of net interest margin, loans and core deposits. The bank is constantly seeking to hire additional personnel with expertise in commercial lending, to facilitate gowth in this area. The firm offers employees tuition assistance, discounted banking services and a job posting system that facilitates internal career advancement.
BRANDS/DIVISIONS/AFFILIATES: First Savings Bank, SLA Pulse Bancorp, Inc. First Savings Bancshares, MHC
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. John P. Mulkerin, CEO John P. Mulkerin, Pres. Christopher Martin, Exec. VP-COO Christopher Martin, CFO Maryanne Guenther, Sr. VP-Mktg. Richard St. George, Sr. VP-IT, First Savings Bank Christopher Martin, Corp. Sec. Ann C. Clancy, Sr. VP-Investor Rel. John F. Cerulo, Jr., Sr. VP-Retail Banking Richard Spengler, Sr. VP-Chief Lending Officer Karen I. Martino, Sr. VP-Auditor, First Savings Bank
Phone: 732-726-9700 Fax: 732-417-0866 Toll-Free: Address: 1000 Woodbridge Center Drive, Woodbridge, NJ 07095 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $104,300 ( 9 months) 2001 Profits: $18,700 ( 9 months) 2000 Sales: $139,100 2000 Profits: $23,000 Stock Ticker: FSLA 1999 Sales: $127,000 1999 Profits: $23,700 Employees: 311 1998 Sales: $123,869 1998 Profits: $19,493 Fiscal Year Ends: 12/31 1997 Sales: $112,624 1997 Profits: $9,300
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Y Profit Sharing: Top Exec. Salary: $340,400 Stock Purch. Plan: Second Exec. Salary: $275,400 One of the largest banking organizations headquartered in New Jersey.
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Apparent Women Officers or Directors: 3 Hot Spot for Advancement for Women/Minorities: Y
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Southeast:
Bonus: Bonus:
$118,125 $93,750
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
www.plunkettresearch.com
357
FIRST SOUTH BANCORP INC
www.firstsouthnc.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 158
Profits: 159
Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking/Savings Associations Mortgages Consumer Loans
First South Bancorp, Inc., formerly NewSouth Bancorp, is the holding company of First South Bank. The bank is a North Carolina-chartered commercial bank headquartered in Washington, North Carolina and serving eastern North Carolina. The business of First South Bank consists principally of attracting deposits from the general public and using those funds to originate secured and unsecured commercial and consumer loans, permanent mortgage and construction loans secured by single-family residences, credit cards and other loans. The bank has transitioned from a commercial bank to a community bank focused on providing quality customer service and meeting the financial needs of the communities it serves. The company changed its name upon the acquisition of Green Street Financial Corp. Three months after that merger, the bank purchased six Triangle Bank branch offices. These mergers enabled First South to leverage its capital base and increase its branch office network and earnings. The company offers employees health, vision and life insurance, as well as reduced credit rates and other banking discounts.
BRANDS/DIVISIONS/AFFILIATES: NewSouth Bank Green Street Financial Corp. Triangle Bank
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Thomas A. Vann, CEO Thomas A. Vann, Pres. Jack L. Ashley, COO William L. Wall, CFO Kristie W. Hawkins, Controller William L. Wall, Corp. Sec. Kristie W. Hawkins, Treas. Mary R. Boyd, Sr. VP-Loan Servicing William R. Outland, Sr. VP-Consumer Lending Walter P. House, Exec. VP-Mortgage Oper.
Phone: 252-946-4178 Fax: 252-946-3873 Toll-Free: Address: 1311 Carolina Ave., Washington, NC 27889 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 12 months. 2001 Sales: $48,900 (12 months) 2001 Profits: $5,800 (12 months) 2000 Sales: $40,300 2000 Profits: $3,500 Stock Ticker: FSBK 1999 Sales: $26,000 1999 Profits: $3,200 Employees: 223 1998 Sales: $24,513 1998 Profits: $3,123 Fiscal Year Ends: 9/30 1997 Sales: $20,200 1997 Profits: $2,263
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Y Profit Sharing: Stock Purch. Plan: Focus on community service.
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Apparent Women Officers or Directors: 2 Hot Spot for Advancement for Women/Minorities: Y
Top Exec. Salary: $203,750 Second Exec. Salary: $
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Southeast:
Bonus: Bonus:
$100,000 $
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
358
www.plunkettresearch.com
FIRST SOUTHERN BANCSHARES INC www.firstsouthern.com Industry Group Code: 522110 Ranks within this company's industry group: Sales: 201 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 198
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Pay ment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking/Savings Associations Mortgages Commercial and Consumer Loans
First Southern Bancshares, Inc. is the holding company for First Southern Bank. First Southern Bank is a communityoriented financial institution that serves individuals and businesses located in Laudersdale and Colbert Counties, and the surrounding counties located in northwest Alabama, its primary market area. The bank's primary business consists of attracting deposits from the general public to originate residential mortgage loans, commercial real estate loans, multi-family mortgage loans and consumer loans. Targeting individuals and regional business customers, First Southern offers such standard retail services as checking and savings accounts, NOW and money market accounts, as well as certificates of deposit. Lending activities consist mostly of residential mortgages (almost half of all loans) and commercial real estate, business, and consumer loans. In financial results, the firm recently posted a net loss that was comparably larger than the loss recorded during the same time period last year.
BRANDS/DIVISIONS/AFFILIATES: First Southern Bank
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Robert C. Redd, CEO Robert C. Redd, Pres. Thomas N. Ward, COO Marsha Rochester, Human Resources Brent Turpen, Controller Marva Kaye Townsend, Corp. Sec. Brent Turpen, Treas. Glenda Young, Sr. VP-Chief Acc. Officer
Phone: 256-764-7131 Fax: 256-718-4296 Toll-Free: 800-625-7131 Address: 102 S. Court Street, Florence, AL 35630 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 6 months. 2001 Sales: $6,300 ( 6 months) 2001 Profits: $-1,700 ( 6 months) 2000 Sales: $14,800 2000 Profits: $-3,900 Stock Ticker: FSTH 1999 Sales: $14,800 1999 Profits: $1,200 Employees: 72 1998 Sales: $16,200 1998 Profits: $1,500 Fiscal Year Ends: 12/31 1997 Sales: $16,200 1997 Profits: $1,400
SALARIES/BENEFITS: Pension Plan: Y Savings Plan:
ESOP Stock Plan: Y Profit Sharing: Stock Purch. Plan: Community focus.
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Apparent Women Officers or Directors: 3 Hot Spot for Advancement for Women/Minorities: Y
Top Exec. Salary: $143,497 Second Exec. Salary: $122,257
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Southeast: Y
Bonus: Bonus:
$ $
Northeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
www.plunkettresearch.com
359
FIRST STATE BANCORP NM
www.fsbnm.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 140 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 130
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y Y Y Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Pay ment Processing:
Y
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking/Savings Association Mortgages Checking and Savings Accounts CDs Credit Cards Lease Financing
First State Bancorporation NM is a New Mexico-based bank holding company that provides commercial banking services to small and medium -sized businesses through its subsidiary, First State Bank. The company operates offices in various locations throughout New Mexico such as Taos, Albuquerque, Santa Fe, Rio Rancho, Los Lunas, Bernalillo, Questa, Placitas and Moriarty. First State Bank offers a wide range of competitively priced financial products of all types: checking and savings accounts; CD's, IRA's and investment accounts; commercial and personal loans; as well as credit cards for individuals and businesses. In addition, the bank offers online banking to its customers. The firm offers its commercial customers the ability to receive a CD-ROM each month that contains a complete listing of all their checks, along with an image of both sides of each item, which provides them with a very compact permanent archive. First State aims to fill a unique position in the banking industry by appealing to customers disenfranchised by the bureaucracies of large national banks and their often impersonal levels of customer service. The company’s flexible approach combines direct access to decision makers, the latest in technology, a wide menu of product offerings and an everexpanding network of branch locations. First State is the only publicly traded commercial bank holding company in the state of New Mexico. In recent news, the firm opened two new branches in order to strategically leverage an advantage over the Wells Fargo/First Security merger and any related sell-offs. This move is consistent with First State’s growth plan, as it has continued to record doubledigit increases in its net income and customer deposits.
BRANDS/DIVISIONS/AFFILIATES: First E-cash Management System Call First Online ezBanking First State Bank
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Michael R. Stanford, CEO H. Patrick Dee, Pres. H. Patrick Dee, COO Brian C. Reinhardt, Exec. VP-CFO Delwin Hale, VP-Mktg. Theresa A. Gabel, Exec. VP-Human Resources George Walker, Sr. VP-Info. Serivces James E. Warden, Exec. VP-Branch Admin. Noel Behne, Sr. VP-Bus. Dev. Theresa A. Gabel, Exec. VP-Comm. H. Patrick Dee, Chief Credit Officer Michael W. Altum, Sr. VP-Loan Admin. Susan F. Hoopes, Sr. VP-Cashier Linda C. Herrera, Sr. VP-Bank Oper.
Phone: 505-241-7500 Fax: 505-241-7124 Toll-Free: Address: P.O. Box 3686, Albuquerque, NM 87190 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $48,700 ( 9 months) 2001 Profits: $6,000 ( 9 months) 2000 Sales: $59,900 2000 Profits: $7,200 Stock Ticker: FSNM 1999 Sales: $49,000 1999 Profits: $5,200 Employees: 260 1998 Sales: $41,600 1998 Profits: $4,200 Fiscal Year Ends: 12/31 1997 Sales: $36,300 1997 Profits: $3,300
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Profit Sharing:
Top Exec. Salary: $250,000 Second Exec. Salary: $175,000
Bonus: Bonus:
$62,500 $43,750
Steady, profitable growth.
Apparent Women Officers or Directors: 3 Hot Spot for Advancement for Women/Minorities: Y
LOCATIONS: ("Y" = Yes) West:
Southwest: Y
Midwest:
Southeast:
Northeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
360
www.plunkettresearch.com
FIRST TENNESSEE NATIONAL CORP Industry Group Code: 522110 Ranks within this company's industry group: Sales: 37 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Y
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y Y Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
www.ftb.com Profits: 184
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y Y Y Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Mortgage Services
First Tennessee National Corp. (FTNC) is a holding company for the First Tennessee Bank National Association. The bank’s main operations include consumer, construction and mortgage loans, as well as insurance, discount brokerage, venture capital and financial advising. The company manages 432 banking locations throughout Tennessee, as well as other locations in Mississippi and Arkansas. Subsidiary First Horizon Home Loan Corp. provides mortgage banking services through approximately 136 offices in 31 states and ranks in the top 20 nationally in retail mortgage loan originations and mortgage loan servicing. First Tennessee Capital Markets, a division of the bank, offices in 6 states and ranks as one of the leading underwriters of U.S. agency debt. FTNC recently acquired Synaxis Group, Inc., a Nashville-based insurance broker that is ranked among the top 20 largest privately owned insurance brokers in the U.S. In an effort to focus on its core banking activities, the company has divested subsidiaries Peoples and Union Bank and Check Solutions.
BRANDS/DIVISIONS/AFFILIATES: First Tennessee Bank National Association First Horizon Home Loan Corp. First Tennessee Capital Markets Synaxis Group, Inc.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Ralph Horn, CEO Ralph Horn, Pres. Ken Glass, COO Elbert L. Thomas, Jr., CFO James F. Keen, Controller Harry A. Johnson, III, General Counsel Susan Schmidt Bies, Exec. V P/Auditor/Risk Management Mgr. J. Kenneth Glass, Pres.-Retail Financial Service John P. O'Connor, Jr., Chief Credit Officer Sarah L. Meyerrose, Exec. VP/Employee Services Division Mgr.
Phone: 901-523-4638 Fax: 901-523-4945 Toll-Free: 800-489-4040 Address: 165 Madison Ave., Memphis , TN 38103 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 2 months. 2001 Sales: $ ( 2 months) 2001 Profits: $ ( 2 months) 2000 Sales: $2,426,400 2000 Profits: $232,600 Stock Ticker: FTN 1999 Sales: $2,330,300 1999 Profits: $247,500 Employees: 1998 Sales: $2,119,300 1998 Profits: $226,400 Fiscal Year Ends: 12/31 1997 Sales: $1,609,400 1997 Profits: $197,500
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Profit Sharing:
Top Exec. Salary: $ Second Exec. Salary: $ Top Tennesee bank holding company.
Apparent Women Officers or Directors: 2 Hot Spot for Advancement for Women/Minorities: Y
LOCATIONS: ("Y" = Yes) West:
Southwest: Y
Midwest: Y
Bonus: Bonus:
Southeast: Y
$ $
Northeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
www.plunkettresearch.com
361
FIRST VIRGINIA BANKS INC
www.firstvirginia.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 62 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Y
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 51
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking/Savings Associations Mortgages Life, Accident and Health Insurance Automobile Loans Online Banking Title Insurance Investment Services International Banking
First Virginia Banks, Inc. is the largest bank holding company headquartered in Virginia, and the fifth largest banking organization in Virginia. This also makes the firm one of the 50 largest banking companies in the country. The company is a multi-state organization with nine banking companies in Virginia, Maryland and East Tennessee, and non-banking offices throughout the midAtlantic and southeastern states. In support of First Virginia's larger community banks, the company merged five regional operations under one corporate structure. This brought bank operations, electronic service delivery and computer technology under common management. Its member banks are First Virginia Bank, Farmers Bank of Maryland, First Virginia Bank Colonial, Atlantic Bank, First Virginia Bank Southwest, First Virginia Bank Hampton Roads, First Virginia Bank Blue Ridge and the recently merged First Vantage Bank/Tri-Cities. Recently, First Virginia acquired James River Bankshares, Inc., a Suffolk, Virginia-based company. With the addition of James River's $531 million in assets, First Virginia's total assets have exceeded $10 billion for the first time. James River operates two consumer subsidiaries and four banks with 27 offices in Virginia. Its banks have adopted the First Virginia name. With this new addition, First Virginia operates 13 banks with 321 offices in Virginia, 56 offices in Maryland and 25 offices in East Tennessee. The company offers employees educational assistance as well as free and reduced-fee banking. The firm also has a management training program.
BRANDS/DIVISIONS/AFFILIATES: First Virginia Bank First Virginia Insurance Services, Inc. Tri-City Bank and Trust Company First Virginia Mortgage Company First Virginia Life Insurance Company Farmers Bank of Maryland First Virginia Credit Services, Inc. James River Bankshares, Inc
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Barry J. Fitzpatrick, CEO Barry J. Fitzpatrick, Pres. Richard F. Bowman, CFO Barbara J. Chapman, Corp. Sec. Thomas P. Jennings, General Counsel Richard F. Bowman, Treas. Shirley C. Beavers, Jr., Exec. VP Raymond E. Brann, Jr., Exec. VP Douglas M. Church, Jr., Sr. VP John P. Salop, Sr. VP
Phone: 703-241-4000 Fax: 703-241-3090 Toll-Free: 800-223-2891 Address: 6400 Arlington Blvd., Falls Church, VA 22042-2336 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $606,300 ( 9 months) 2001 Profits: $124,200 ( 9 months) 2000 Sales: $761,800 2000 Profits: $142,000 Stock Ticker: FVB 1999 Sales: $777,200 1999 Profits: $150,900 Employees: 5,399 1998 Sales: $780,406 1998 Profits: $130,162 Fiscal Year Ends: 12/31 1997 Sales: $734,671 1997 Profits: $124,845
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Profit Sharing:
Top Exec. Salary: $690,000 Second Exec. Salary: $291,000 Sixth largest banking organization in Virginia/Highly profitable.
Apparent Women Officers or Directors: 3 Hot Spot for Advancement for Women/Minorities: Y
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Southeast: Y
Bonus: Bonus:
$450,692 $196,418
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
362
www.plunkettresearch.com
FIRST WEST VIRGINIA BANCORP Industry Group Code: 522110 Ranks within this company's industry group: Sales: 199 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 178
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking/Savings Associations Mortgages
First West Virginia Bancorp, Inc. operates a multi-bank holding company. The subsidiary banks of the company provide a broad range of consumer and commercial banking products and services to individuals, businesses, professionals and governments. The loan portfolio of the banks consists primarily of loans secured by real estate to consumers and businesses. The subsidiary banks also offer a wide range of both personal and commercial types of deposit accounts and services as a means of gathering funds. The customer base for deposits is primarily retail in nature. The majority of the banks' lending is concentrated in the upper Ohio Valley of northern West Virginia and adjacent areas of Ohio and Pennsylvania.
BRANDS/DIVISIONS/AFFILIATES: Progressive Bank N.A.- Wheeling Progressive Bank N.A.-Buckhanon
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Charles K. Graham, CEO Charles K. Graham, Pres. Beverly A. Barker, Exec. VP-COO Francie P. Reppy, Stephanie A. LaFlam, Human Resources Francie P. Reppy, Controller Beverly A. Barker, Treas.
Phone: 304-277-1100 Fax: 304-277-4705 Toll-Free: Address: 1701 Warwood Ave., Wheeling, WV 26003 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $11,900 ( 9 months) 2001 Profits: $1,800 ( 9 months) 2000 Sales: $15,749 2000 Profits: $2,326 Stock Ticker: FWV 1999 Sales: $14,280 1999 Profits: $2,450 Employees: 94 1998 Sales: $13,239 1998 Profits: $2,033 Fiscal Year Ends: 12/31 1997 Sales: $12,146 1997 Profits: $1,931
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Profit Sharing:
Top Exec. Salary: $88,500 Second Exec. Salary: $70,992
Bonus: Bonus:
$68,454 $54,912
Focus on small business loans.
Apparent Women Officers or Directors: 3 Hot Spot for Advancement for Women/Minorities: Y
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest: Y
Southeast:
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
www.plunkettresearch.com
363
FIRSTBANK CORP IDAHO
www.fbnw.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 191 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 185
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking/Savings Association Mortgages Online Banking Cash Management
FirstBank Corp. is the holding company for FirstBank Northwest, a federally chartered stock savings bank. FirstBank Northwest is a community-oriented financial institution that engages primarily in the business of attracting deposits from the general public and using those funds to originate residential mortgage loans within the bank's market area. The bank is also active in originating construction, commercial, agriculture real estate loans and consumer and other non-real estate loans. FirstBank generally sells a majority of the fixed-rate residential mortgage loans with maturities in excess of 15 years that it originates, while retaining the servicing rights on most of the conventional loans it sells. The bank is headquartered in Lewiston, Idaho and operates six full-service offices throughout the state. FirstBank Northwest customers have 24-hour low-cost access to remote banking via touch-tone telephone, PC, a private network on the Internet and via a ScreenPhone, which is the result of an agreement signed with Online Banking Resources & Communications Corporation. The bank's online banking services offer customers the ability to access all their bank accounts, pay bills, transfer funds, make and review bill payments and check current and future balances. The firm continues to report solid growth due to improved non-interest income. Commercial and agricultural loans now represent nearly half of the bank’s total portfolio.
BRANDS/DIVISIONS/AFFILIATES: FirstBank Northwest Tri-star Financial Corporation
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Clyde E. Conklin, CEO Clyde E. Conklin, Pres. Terence A. Otte, COO Larry K. Moxley, CFO Donna Sheets, Human Resources Cynthia M. Moore, Controller Larry K. Moxley, Corp. Sec. Larry K. Moxley, Treas.
Phone: 208-746-9610 Fax: 208-750-7119 Toll-Free: Address: 920 Main Street, Lewiston, ID 83501 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 12 months. 2001 Sales: $23,400 (12 months) 2001 Profits: $1,900 (12 months) 2000 Sales: $19,400 2000 Profits: $1,700 Stock Ticker: FBNW 1999 Sales: $18,100 1999 Profits: $2,000 Employees: 129 1998 Sales: $15,600 1998 Profits: $1,700 Fiscal Year Ends: 3/31 1997 Sales: $12,400 1997 Profits: $ 600
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Y Profit Sharing: Top Exec. Salary: $93,000 Stock Purch. Plan: Second Exec. Salary: $90,000 Focus on commercial and agricultural loans.
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Apparent Women Officers or Directors: 2 Hot Spot for Advancement for Women/Minorities: Y
LOCATIONS: ("Y" = Yes) West: Y
Southwest:
Midwest:
Southeast:
Bonus: Bonus:
$66,150 $59,055
Northeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
364
www.plunkettresearch.com
FIRSTCITY FINANCIAL CORP
www.fcfc.com
Industry Group Code: 522310 Ranks within this company's industry group: Sales: 12 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 11
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Mortgages Consumer Finance Portfolio Acquisitions
FirstCity Financial Corporation is a diversified financial services company headquartered in Waco, Texas, with over 100 offices throughout the United States and a presence in France, Mexico and Japan. The company is engaged in three principal businesses: residential and commercial mortgage banking, portfolio asset acquisition and resolution and consumer lending. FirstCity’s business strategy is to continue to broaden and expand its business within the financial services industry while building on its core servicing strengths and credit expertise. FirstCity engages in the Portfolio Asset acquisition and resolution business through subsidiary FirstCity Commercial Corporation and its subsidiaries and affiliates. Commercial Corp. acquires and resolves portfolios of performing and non-performing commercial and consumer loans as well as other assets, which are generally acquired at a discount to face value. The company also conducts consumer receivable origination activities through its subsidiary, FirstCity Consumer Lending Corporation. Consumer Corp.’s current focus is on the origination and servicing of sub-prime consumer loans. The firm sold 49% of its Auto Finance Operation to IFA Incorporated, a subsidiary of Bank of Scotland. Proceeds were used to restructure and pay down some of FirstCity’s high debt levels.
BRANDS/DIVISIONS/AFFILIATES: Cargill Financial FirstCity Capital Corporation New America Financial FirstCity Commercial Corporation FirstCity Consumer Finance FirstCity Funding FirstCity Servicing of California IFA, Inc
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. James T. Sartain, CEO James T. Sartain, Pres. J. Bryan Baker, CFO Theresa Kaizer, Human Resources
Phone: 254-751-1750 Fax: 254-751-7648 Toll-Free: 800-247-4274 Address: 6400 Imperial Dr., Waco, TX 76712 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $29,100 ( 9 months) 2001 Profits: $-1,100 ( 9 months) 2000 Sales: $52,200 2000 Profits: $-15,900 Stock Ticker: FCFC 1999 Sales: $58,900 1999 Profits: $-108,200 Employees: 140 1998 Sales: $199,544 1998 Profits: $-20,192 Fiscal Year Ends: 12/31 1997 Sales: $129,622 1997 Profits: $35,800
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Top Exec. Salary: $300,014 Second Exec. Salary: $300,014 Wide diversification and network of offices.
Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
Profit Sharing:
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Bonus: Bonus:
$130,000 $
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International: Y
www.plunkettresearch.com
365
FIRSTFED AMERICA BANCORP INC www.firstfedamerica.com Industry Group Code: 522110 Ranks within this company's industry group: Sales: 124 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 126
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking/Savings Association Mortgages
FirstFed America Bancorp, Inc. is the holding company of First Federal Savings Bank of America. The bank's principal business is attracting retail deposits from the general public in the areas surrounding its banking offices and investing those deposits, together with funds generated from operations and borrowings, primarily in adjustable-rate and shorter-term fixed-rate one- to fourfamily residential mortgage loans. Through its 15 banking offices and four loan origination offices, First Federal originates loans for investment and loans for sale in the secondary market. Notably, the bank holds the number one ranking in originations in Bristol County, Massachusetts and a significant market share in Massachusetts and Rhode Island. First Federal's Voice Response System, known as FIRSTphone, was expanded to include checking and savings account customers (previously only usable by mortgage customers). The FIRSTCLASS Correspondent Lending Program also reinforced expansion efforts, with the acquisition of loans from mortgage brokers, credit unions, savings banks and other financial institutions. In a recent development, First Federal signed a definitive agreement to acquire People's Bancshares, Inc. The transaction will increase the bank’s assets from $1.7 billion to approximately $2.7 billion. It will also increase the number of First Federal banking offices from 15 to 27 and increase its number of loan origination centers from 5 to 15. People's Bancshares is the holding company for People's Savings Bank of Brockton. People's Mortgage Corporation is a subsidiary of People's Savings Bank. People's Savings Bank currently operates 12 banking locations in Southeastern Massachusetts and People's Mortgage operates out of 10 loan production offices in Massachusetts, Connecticut, Maryland and Virginia.
BRANDS/DIVISIONS/AFFILIATES: FIRSTphone FIRSTCLASS Correspondent Lending Program First Federal Savings Bank of America FirstFed Insurance Agency, LLC People's Mortgage Corporation People's Savings Bank of Brockton People's Bancshares, Inc.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Robert E. Stoico, CEO Robert E. Stoico, Pres. Edward A. Hjerpe, III, COO Edward A. Hjerpe, III, CFO Philip G. Campbell, V P-Mktg. Mark L. Abbate, Controller Cecilia R. Viveiros, Corp. Sec. Philip G. Campbell, V P-Corp. Planning Philip G. Campbell, V P-Investor Rel. Edward A. Schultze, Treas. Kevin J. McGillicuddy, Exec. VP Frederick R. Sullivan, Exec. VP Terrence M. Tyrell, Sr. VP Anthony L. Weatherford, Sr. VP
Phone: 508-679-8181 Fax: 508-678-8442 Toll-Free: 877-679-8181 Address: 1 Firstfed Park, Swansea, MA 02777 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 12 months. 2001 Sales: $123,000 (12 months) 2001 Profits: $9,200 (12 months) 2000 Sales: $100,400 2000 Profits: $8,200 Stock Ticker: FAB 1999 Sales: $94,415 1999 Profits: $7,621 Employees: 329 1998 Sales: $83,243 1998 Profits: $6,819 Fiscal Year Ends: 3/31 1997 Sales: $66,673 1997 Profits: $-2,430
SALARIES/BENEFITS: Pension Plan: Y Savings Plan:
ESOP Stock Plan: Y Profit Sharing: Top Exec. Salary: $487,348 Stock Purch. Plan: Second Exec. Salary: $229,025 Growing rapidly through acquisitions and strategic alliances.
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Southeast:
Bonus: Bonus:
$187,997 $71,593
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
366
www.plunkettresearch.com
FIRSTFED BANCORP INC
www.firstfedbessemer.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 203 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 188
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Car ds: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking/Savings Associations Mortgages Loans Direct Teller
FirstFed Bancorp, Inc. is the holding company for First Federal Savings Bank, a federally chartered savings bank, and First State Bank of Bibb County, an Alabama state chartered commercial bank. First State is a subsidiary of First State Corporation. First Federal currently conducts business from five locations throughout the state of Alabama, each of which is a full-service facility. The company offers traditional deposit and mortgage loan products, principally one-to-four-family residential loans and, to a lesser extent, commercial and consumer loans. First State currently conducts business from three fullservice locations in Bibb County, Alabama. First State offers traditional deposit products, commercial mortgage and consumer loans. Earnings of First Federal and First State are primarily dependent upon net interest income.
BRANDS/DIVISIONS/AFFILIATES: First Federal Savings Bank First State Corporation First State Bank of Bibb County
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. B.K. Goodwin, III, CEO B.K. Goodwin, III, Pres. Lynn J. Joyce, CFO Lynn Joyce, Corp. Sec. Lynn J. Joyce, Treas. Larry Seale, Exec. V P
Phone: 205-428-8472 Fax: 205-428-8652 Toll-Free: 800-436-5112 Address: 1630 Fourth Avenue North, Bessemer, AL 35020 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $11,200 ( 9 months) 2001 Profits: $ 900 ( 9 months) 2000 Sales: $14,100 2000 Profits: $1,600 Stock Ticker: FFDB 1999 Sales: $13,800 1999 Profits: $1,400 Employees: 79 1998 Sales: $14,400 1998 Profits: $1,653 Fiscal Year Ends: 12/31 1997 Sales: $14,200 1997 Profits: $1,013
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Y Profit Sharing: Stock Purch. Plan: Community focus.
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
Top Exec. Salary: $190,000 Second Exec. Salary: $105,000
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Southeast: Y
Bonus: Bonus:
$24,320 $13,440
Northeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
www.plunkettresearch.com
367
FIRSTFED FINANCIAL CORP
www.firstfedca.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 87 Investm ents: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 83
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking/Savings Association Mortgages
FirstFed Financial Corp. is the holding company of First Federal Bank of California. The principal business of First Federal is attracting savings and checking deposits from the general public and using such deposits, together with borrowings and other funds, to make real estate, business and consumer loans. The bank operates 29 retail savings and three loan branches, all located in Southern California, and have $4.6 billion in assets. In addition to the retail branches, First Federal has a retail call center that conducts transactions with deposit customers by telephone, five retail loan offices, a wholesale loan office and a loan origination group that operates primarily by telephone. Due to the conversion of the firm’s data processing systems to a new integrated system, nonclients of the bank are able to use its ATM's that are strategically located throughout its market. As a result, fees from the use of these ATMs have increased. In addition, FirstFed initiated its community business banking programs, which are concurrent with the new data processing conversion. Recently, FirstFed Financial completed the acquisition of Del Amo Savings Bank and Frontier Bancorp, parent company of Frontier State Bank. Both Del Amo Savings Bank and Frontier Bancorp were formerly subsidiaries of City Holding Company, headquartered in West Virginia. The merger of the two banks into First Federal Bank of California results in four additional retail branch offices in the South Bay area of southern California, and adds approximately $200 million in assets to First Federal's balance sheet. Through its 29 retail banking offices and three loan offices in Southern California, the firm offers a wide range of financial services, including real estate loans (residential and income property), business loans and consumer banking products. The company offers its employees a loan program for aid in purchasing a home and a recognition program for top performers.
BRANDS/DIVISIONS/AFFILIATES: First Federal Bank of California Seaside Financial Corporation Oceanside Insurance Agency, Inc. Santa Monica Capital Group FirstFed Mortgage Services Del Amo Savings Bank Frontier Bancorp Frontier State Bank
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Babette E. Heimbuch, CEO Babette E. Heimbuch, Pres. James P. Giraldin, COO Douglas J. Goddard, CFO Jacqueline Y. Kittaka, Sr. VP-Human Resources Janice M. Lesin, Sr. VP-Info. Tech. Brenda J. Battey, Sr. VP-Controller Ann E. Lederer, Sr. VP-Corp. Sec. Ann E. Lederer, General Counsel Larisa B. Gurnick, Sr. VP-Strategic Planning Daniel R. Eliot, Exec. VP-Bus. Banking Scott Gray , Exec. VP-Residential Lending
Phone: 310-319-6000 Fax: 310-319-5899 Toll-Free: Address: 401 Wilshire Blvd., Santa Monica, CA 90401-1490 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $264,000 ( 9 months) 2001 Profits: $37,400 ( 9 months) 2000 Sales: $322,100 2000 Profits: $38,500 Stock Ticker: FED 1999 Sales: $272,700 1999 Profits: $33,200 Employees: 451 1998 Sales: $303,426 1998 Profits: $34,629 Fiscal Year Ends: 12/31 1997 Sales: $309,438 1997 Profits: $23,100
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Y Profit Sharing: Top Exec. Salary: $408,250 Stock Purch. Plan: Second Exec. Salary: $304,320 24 branches/Focus on health care business clients.
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Apparent Women Officers or Directors: 6 Hot Spot for Advancement for Women/Minorities: Y
LOCATIONS: ("Y" = Yes) West: Y
Southwest:
Midwest:
Southeast:
Bonus: Bonus:
$250,000 $175,000
Northeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
368
www.plunkettresearch.com
FIRSTMERIT CORPORATION
www.firstmerit.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 57 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Y
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 48
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages : Insurance:
Y Y Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Insurance Leasing Trust Services Securities Brokerage Mortgages
FirstMerit Corporation is a holding company, primarily for FirstMerit Bank, N.A. The bank is comprised of eight community banks in Ohio and one in Western Pennsylvania. The company serves over half a million households through approximately 158 branch offices and 176 ATMs. The majority of the bank’s customers are consumers and small- and medium -sized businesses. FirstMerit engages in a variety of consumer and commercial banking services, including the acceptance of deposits and the origination of loans. The bank also provides a number of specialized services, such as safe deposit boxes, letters of credit, leasing, discount brokerage and life insurance products. In addition, it operates a trust department, which offers estate and trust services. The company also owns several non-bank subsidiaries, which provide insurance sales services; credit life, accident and health insurance; securities brokerage services; equipment lease financing; and other financial services. Non-bank subsidiaries include FirstMerit Credit Life Insurance Company, FirstMerit Community Development Corporation, Abell & Associates and FirstMerit Insurance Agency. The firm recently enhanced its online banking services with the launch of FirstMerit Wireless Online Banking. This new service allows customers of the bank to access their accounts from anywhere using a web-enabled phone or personal digital assistant (PDA) unit.
BRANDS/DIVISIONS/AFFILIATES: FirstMerit Bank N.A. FirstMerit Credit Life Insurance Company Abell & Associates, Inc. FirstMerit Community Development Corporation FirstMerit Insurance Agency FirstMerit Wireless Online Banking FirstMerit Mortgage Corporation FirstMerit Leasing Company
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. John R. Cochran, CEO Sid A. Bostic , Pres. Sid A. Bostic , COO Terrence Bichsel, CFO Larry A. Shoff, Chief Tech. Officer Terry E. Patton, Corp. Sec. Terry E. Patton, General Counsel Robert P. Brecht, Exec. VP Gary J. Elek, Exec. VP Jack R. Gravo, Exec. VP Bruce M. Kephart, Exec. VP
Phone: 330-996-6300 Fax: 330-384-7133 Toll-Free: Address: 3 Cascade Plaza, 7th Floor, Akron, OH 44308 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $692,000 ( 9 months) 2001 Profits: $114,500 ( 9 months) 2000 Sales: $955,400 2000 Profits: $159,800 Stock Ticker: FMER 1999 Sales: $839,600 1999 Profits: $119,900 Employees: 2,300 1998 Sales: $782,700 1998 Profits: $72,500 Fiscal Year Ends: 12/31 1997 Sales: $698,600 1997 Profits: $114,700
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Profit Sharing:
Top Exec. Salary: $583,000 Second Exec. Salary: $400,000
Bonus: Bonus:
$ $
Highly profitable/Diversified services.
Apparent Women Officers or Directors: Hot Spot for Advancement for Women/Minorities:
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest: Y
Southeast:
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
www.plunkettresearch.com
369
FISERV INC
www.fiserv.com
Industry Group Code: 522320 Ranks within this company's industry group: Sales: 2 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Inves tment Mngmt.:
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Y Y Y
Profits: 3
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Data & Transaction Processing Software System Development Virtual Banking Information Management Services Electronic Fund Backroom Automation Systems Integration Disaster Recovery
Fiserv, Inc. is a leading technology resource for information management systems used by the financial industry. The firm provides technology and services to banks, broker-dealers, credit unions, financial planners, investment advisers, insurance companies, leasing companies, mortgage lenders and savings institutions. Fiserv maintains client relations with over 7,500 financial institutions and processes over 4.5 billion checks per year. The company also processes 24 million insurance policies annually and holds nearly 2 million active securities accounts. Fiserv operates centers nationwide for fullservice data processing, software development, item processing and check imaging, technology support and related product businesses, in addition to support centers in Australia, Colombia, Indonesia, the Philippines, Poland, Singapore and the United Kingdom. Fiserv has a history of many successful acquisitions. The firm recently acquired such U.S. and international companies as Fact 400 Credit Card Solutions, Integrated Loan Services, Catapult Technology Limited and Resources Trust Company. Last year Fiserv acquired 12 businesses and achieved record annual revenues. Recently signed client agreements include a multi-million-dollar contract with Conseco Services L.L.C. and a contract for item and service bureau processing with Trustco Bank in New York.
BRANDS/DIVISIONS/AFFILIATES: Fact 400 Credit Card Solutions Integrated Loan Services Catapult Technology Limited Resources Trust Company Conseco Services LLC Trustco Bank
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Leslie M. Muma, CEO Leslie M. Muma, Pres. Leslie M. Muma, COO Kenneth R. Jensen, Sr. Exec. VP/CFO Dean C. Schmelzer, Exec. VP-Marketing & Sales Jack P. Bucalo, Sr.VP-Human Resources Robert H. Beriault, Pres./COO, Securities Group Gordon G. Rockafellow , Pres./COO, Trust Services Group Daniel F. Murphy, Sr. VP/Dir.-Audit Charles W. Sprague, Corp. Sec. Charles W. Sprague, General Counsel Charles W. Sprague, Exec. VP/Chief Admin. Officer Kenneth R. Jensen, Treas. Norman J. Balthasar, Pres./COO, Financial Inst. Outsourcing Group Frank R. Martire, Pres./COO, Financial Inst.Sys. And Svcs. Group Thomas A. Neill, Pres./COO, Products and Services Division Howard F. Arner, Pres./COO, Insurance Solutions Group
Phone: 262-879-5000 Fax: 262-879-5013 Toll-Free: 800-872-7882 Address: 255 Fiserv Dr., Brookfield, WI 53008-0979 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 12 months. 2001 Sales: $1,890,500 (12 months) 2001 Profits: $208,200 (12 months) 2000 Sales: $1,653,606 2000 Profits: $177,021 Stock Ticker: FISV 1999 Sales: $1,407,545 1999 Profits: $137,868 Employees: 14,000 1998 Sales: $1,233,670 1998 Profits: $114,274 Fiscal Year Ends: 12/31 1997 Sales: $974,432 1997 Profits: $90,800
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Profit Sharing:
Top Exec. Salary: $699,500 Second Exec. Salary: $625,000 Leading provider of technological expertise for the financial industry.
Apparent Women Officers or Directors: 2 Hot Spot for Advancement for Women/Minorities: Y
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Bonus: Bonus:
$455,000 $350,000
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International: Y
370
www.plunkettresearch.com
FLAG FINANCIAL CORP
www.flagfinancial.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 141
Profits: 147
Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y Y Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking/Savings Association Mortgages Trust Services Loan Services Insurance
FLAG Financial Corporation is a multi-bank holding company headquartered in LaGrange, Georgia, whose wholly owned subsidiaries are First Flag Bank, in LaGrange, Georgia; and Citizens Bank, located in Vienna, Georgia. Citizens Bank also includes the operations of Bank of Milan, Empire Banking Company and The Brown Bank, all three of which operate as divisions of Citizens Bank. Through these subsidiaries, the company provides a broad range of financial products and services to markets located throughout Georgia. FLAG currently serves these markets through 23 banking offices in 10 communities, and offers retail and commercial banking, mortgage banking, appraisal, insurance, investment and trust services. The bank is also a service provider of mortgage, appraisal, investment and insurance services though FLAG Mortgage, FLAG Appraisal Services, FLAG Investment Services and FLAG Insurance Services. The firm also has an established corporate operations center that supports the bank's data/item processing operations, serves as executive management offices, a training facility and a corporate communications center. Recently, FLAG Bank announced plans to acquire a controlling interest in Effinis, Inc., a software development company headquartered in Oakwood, Georgia. Effinis provides high quality application software to the community and regional bank market. Effinis' products include: SmartAccounts, a deposit account origination and forms printing system; SmartServe, a system that automates the processes associated with call center transactions; and SmartTouch, an interactive sales kiosk that allows the bank client to research products and services, view presentations, print proposals, complete applications and request follow-up service. In other news, FLAG opened four new offices of its FLAG Bank subsidiary in Henry County Georgia, which became the 15th county in Georgia with FLAG offices.
BRANDS/DIVISIONS/AFFILIATES: First Flag Bank Citizens Bank Bank of Milan Middle Georgia Bankshares, Inc. Three River Bankcshares, Inc. ProImage, Inc. Empire Banking Co. Effinis, Inc
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. J. Daniel Speight, Jr., CEO J. Daniel Speight, Jr., Pres. Charles O. Hinely, COO Thomas L. Redding, CFO Randall O. Nix, VP-Sales Mgmt. Gregory S. Callaway , CIO Thomas L. Redding, Corp. Sec. Ronald M. Warner, VP-Credit Admin. Lisa G. Lane, Sr. VP-Correspondent Services Susan R. Huckabee, VP-Investor Rel. Raymond C. Smith, Jr., Treas. Carol D. Arflin, Senior Credit Officer Robert G. Cochran, Region Pres. Mary E. Winks, Sr. VP-Audit and Compliance Robert H. Taylor, Sr. VP-Retail Oper.
Phone: 706-845-5000 Fax: 706-845-5155 Toll-Free: 800-826-8398 Address: P.O. Box 3007, LaGrange, GA 30241 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $39,900 ( 9 months) 2001 Profits: $3,500 ( 9 months) 2000 Sales: $58,400 2000 Profits: $4,300 Stock Ticker: FLAG 1999 Sales: $59,300 1999 Profits: $1,213 Employees: 254 1998 Sales: $52,100 1998 Profits: $1,960 Fiscal Year Ends: 12/31 1997 Sales: $21,600 1997 Profits: $2,000
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Profit Sharing: Y
Top Exec. Salary: $215,000 Second Exec. Salary: $160,000
Bonus: Bonus:
$86,000 $56,000
23-office network.
Apparent Women Officers or Directors: 4 Hot Spot for Advancement for Women/Minorities: Y
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Southeast: Y
Northeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
www.plunkettresearch.com
371
FLAGSTAR BANCORP INC
www.flagstar.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 81 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 84
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking/Savings Association Mortgages Checking and Savings Accounts Online Banking Cetificates of Deposits
Flagstar Bancorp, Inc. is the holding company for Flagstar Bank, a federally chartered stock savings bank. Flagstar is the largest independent savings institution headquartered in Michigan. The firm’s primary business consists of attracting deposits from the general public and utilizing those funds to originate or acquire mortgage loans throughout the country. Flagstar also acquires funds on a wholesale basis from a variety of sources, services a significant volume of mortgage loans for others, and makes consumer loans, commercial real estate loans, and non-real estate commercial loans within Michigan. Flagstar Bank currently conducts its retail operations from 40 full-service bank branches and 55 loan origination centers located in Michigan, California, Florida and Ohio. The bank's largest concentration of offices is in southern and western Michigan, where all of its branches and 23 of its loan centers are located. Flagstar also has loan centers in southern California, central Florida and central Ohio. The company’s offices serve over 4,000 customers across the United States. Flagstar Capital Corporation, a subsidiary, is engaged in acquiring, managing and holding mortgage loans in order to help raise capital. Another subsidiary, Flagstar Trust, fulfills a similar purpose by raising capital for bank regulatory purposes. Recently, Flagstar opened two new banking centers in Indiana, making them the 18th and 19th new banking centers opened in 2001. The firm now operates 12 banking centers in the state of Indiana, and operates a total of 71. Flagstar has continued to achieve record earnings growth and currently has over $6.0 billion in total assets. The company has still managed to maintain its competitive advantage as a smaller, more flexible bank adaptive to its customer’s needs.
BRANDS/DIVISIONS/AFFILIATES: Flagstar Bank, FSB Flagstar Capital Corp. Flagstar Trust
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Thomas J. Hammond, CEO Mark T. Hammond, Pres. Michael W. Carrie, Exec. VP-CFO Mary Kay McGuire, Sr. VP-Sec. Albert J. Gladner, Sr. VP-General Counsel Marie A. Ralko, Sr. VP-Treas. Joan H. Anderson, Exec. VP
Phone: 810-338-7700 Fax: 248-338-4729 Toll-Free: 800-945-7700 Address: 5151 Corporate Drive, Troy, MI 48098-2639 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $466,000 ( 9 months) 2001 Profits: $48,700 ( 9 months) 2000 Sales: $447,000 2000 Profits: $28,900 Stock Ticker: FBC 1999 Sales: $320,700 1999 Profits: $38,400 Employees: 1,894 1998 Sales: $309,674 1998 Profits: $41,063 Fiscal Year Ends: 12/31 1997 Sales: $182,588 1997 Profits: $21,772
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Profit Sharing: Stock Purch. Plan: Y Rapid growth strategy.
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Apparent Women Officers or Directors: 3 Hot Spot for Advancement for Women/Minorities: Y
Top Exec. Salary: $600,000 Second Exec. Salary: $448,292
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Bonus: Bonus:
$35,500 $30,000
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
372
www.plunkettresearch.com
FLEETBOSTON FINANCIAL CORPORATION Industry Group Code: 522110 Ranks within this company's industry group: Sales: 9 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Y
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y Y Y Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
www.fleet.com
Profits: 6
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y Y Y Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking/Savings Associations Data Processing Consumer Banking Investment Services Asset Collection Stock Brokerage Government Banking Services Loan Services
FleetBoston Financial Corp., formerly Fleet Financial Group, is one of the larges t financial holding companies in the U.S. The firm provides its diversified portfolio of financial services to more than 22 million customers in 20 countries and territories around the world. Currently, the company operates the largest retail banking franchise operation in the Northeast, with over 1,700 branches and more than 3,800 ATMs serving 6 million households and nearly a half-million small businesses from Maine to Pennsylvania. Fleet offers a broad range of retail and commercial banking, investment and traditional banking services. Additionally, FleetBoston Financial is one of the largest loan service providers in the United States, especially when it comes to student loans and mortgages. Retail brokerage services, commercial and asset-based lending and government banking services are available through the company as well. Fleet is the second largest depository of government funds in the U.S. The company recently acquired the asset management businesses of Liberty Financial Companies, Inc. for $900 million. The acquisition will add $51 billion in assets under management to FleetBoston’s existing investment business, to bring total investment assets under management to approximately $173 billion. The firm also recently added to its online services by offering wireless banking and bill paying capabilities to customers using Palm handheld devices. Working Mothers Magazine recently recognized FleetBoston as one of the 100 Best Companies for Working Mothers. In addition, ComputerWorld Magazine ranked the company number eight in the 100 Best Places to Work in IT. The company offers employees health plans, tuition reimbursement and flexible work arrangements.
BRANDS/DIVISIONS/AFFILIATES: Fleet Financial Group AFSA Data Corporation BancBoston Columbia Management Company Fleet Capital Corporation Fleet Credit Card Services Quick & Reilly Robertson Stephens
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Terrence Murray , CEO Charles K. Gifford, Pres. Charles K. Gifford, COO Eugene M. McQuade, CFO Anne M. Finucane, Exec. VP-Corp. Mktg Anne Szostak, Exec. VP-Human Resources Joseph A. Smialowski, VP-Tech. & Oper. Pamela D. Gormley, Corp. Controller William C. Mutterperl, Corp. Sec. William C. Mutterperl, General Counsel H. Jay Sarles, Chief Admin. Officer Peter J. Manning, New Bus. Dev. Anne M. Finucane, Exec. VP-Comm. Douglas L. Jacobs, Treas. Ernest L. Puschaver, Chief Acct. Officer John L. Mastromarino, Exec. VP-Risk Mgmt. Robert J. Higgins, Pres., Consumer Banking and Investment Services Henrique C. Meirelles, Pres., Corp. and Global Banking
Phone: 617-434-2200 Fax: 617-434-6943 Toll-Free: Address: 100 Federal St., Boston, MA 02110 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $13,804,000 ( 9 months) 2001 Profits: $1,439,000 ( 9 months) 2000 Sales: $22,608,000 2000 Profits: $3,420,000 Stock Ticker: FBF 1999 Sales: $20,026,000 1999 Profits: $2,038,000 Employees: 53,000 1998 Sales: $10,002,000 1998 Profits: $1,532,000 Fiscal Year Ends: 12/31 1997 Sales: $8,095,000 1997 Profits: $1,303,000
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Profit Sharing:
Top Exec. Salary: $992,200 Second Exec. Salary: $992,200 1,200 offices nationwide/Continued expansion through acquisition.
Apparent Women Officers or Directors: 3 Hot Spot for Advancement for Women/Minorities: Y
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Bonus: Bonus:
$5,000,000 $4,500,000
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International: Y
www.plunkettresearch.com
FLUSHING FINANCIAL CORP
www.flushingsavings.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 123 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
373 Profits: 111
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking/Savings Associations Mortgages
Flushing Financial Corporation is the holding company of Flushing Savings Bank, a New York-based savings and loan association. Flushing Savings Bank's principal business is attracting retail deposits from the general public and investing those deposits together with funds generated from ongoing operations and borrowings. The bank invests its funds in multi-family mortgage loans, commercial real estate loans and one-to four-family residential loans. Flushing Service Corporation markets insurance products and mutual funds. The insurance products and mutual funds sold are products of unrelated insurance and securities firms from which the service corporation earns a commission. The bank operates out of its main office and 10 branch offices, located in the New York City Boroughs of Queens, Brooklyn and Manhattan and in Nassau County, New York. In recent news, the firm invested in bank owned life insurance, a cost cutting measure that will also benefit its employees. Flushing Financial also reported a strong performance in its third quarter, mainly attributable to growth of its loan portfolio and deposit base. Among various employment benefits, the firm offers tuition reimbursement.
BRANDS/DIVISIONS/AFFILIATES: Flushing Savings Bank Flushing Preferred Funding Flushing Service Corp.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Michael J. Hegarty, CEO Michael J. Hegarty, Pres. John R. Buran, COO Monica C. Passick, CFO Anna Piacentini, Human Resources Anna M Piacentini, Corp. Sec. Monica C. Passick, Treas. Henry A. Braum, Sr. VP Robert L. Callicutt, Sr. VP-Residential Mortgages Francis W. Korzekwinski, Sr. VP-Commercial Real Estate Cari M. Rentas, VP-Investment Sales Officer
Phone: 718-961-5400 Fax: 718-539-1025 Toll-Free: Address: 144-51 Northern Blvd., Flushing, NY 11354 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $80,500 ( 9 months) 2001 Profits: $10,900 ( 9 months) 2000 Sales: $100,800 2000 Profits: $12,400 Stock Ticker: FFIC 1999 Sales: $91,000 1999 Profits: $12,700 Employees: 254 1998 Sales: $86,141 1998 Profits: $10,190 Fiscal Year Ends: 12/31 1997 Sales: $69,529 1997 Profits: $8,531
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Profit Sharing: Y
Top Exec. Salary: $451,003 Second Exec. Salary: $139,270
Bonus: Bonus:
$130,000 $38,000
Small, community branch network.
Apparent Women Officers or Directors: 4 Hot Spot for Advancement for Women/Minorities: Y
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Southeast:
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
374
www.plunkettresearch.com
FORD MOTOR CREDIT CO
www.fordcredit.com
Industry Group Code: 522220 Ranks within this company's industry group: Sales: 2 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 2
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y Y Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWT H PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Automobile Financing Insurance Company-Underwriting Leasing Automobile Dealership Loans and Mortgages
Ford Motor Credit Co., the largest company in the world dedicated to automotive finance, serves over 10 million customers worldwide and offers financial services to vehicle buyers in 40 countries. Products and services offered by the firm include financing for new, used and leased vehicles, as well as wholesale financing, mortgages and capital loans for dealers. Ford Credit also offers insurance products that include auto insurance, extended service contracts, credit life and disability insurance and wholesale inventory insurance. The company’s automotive financing offerings include Ford Credit, Jaguar Credit, Volvo Finance, Mazda Credit and Land Rover Capital Group. The company's commercial lending activity finances car and light truck fleets, as well as medium and heavy trucks. PRIMUS Automotive Financial Services, Inc., a subsidiary of the company, provides private-label financing for several dealers and customers in the United States, Canada, the United Kingdom, Australia, India, Indonesia, Thailand, Spain, Germany and Italy. Notably, Ford Motor Credit has received more J.D. Power and Associates awards than any other captive finance company, bank or credit union. These awards are based on studies of dealer finance and consumer finance satisfaction with automotive financing. Ford Credit Canada recently opened a new national service center in Edmonton, Alberta. This new center provides bilingual customer service and handles all collections, accounting and loan administration for 11 Ford Credit Canada branches. The Edmonton center is an integral part of the company's major restructuring program in North America and is designed to facilitate even closer relationships and cooperation with Ford Credit Canada customers. It is one of eight new service centers in North America. Ford offers its employees pay-for-performance programs that include bonus awards. The firm also provides skill development training, employee discounts on Ford products, tuition reimbursement, as well as group rates on auto, home and liability insurance. Additionally, employees have the opportunity of being able to work at any Ford locations around the world.
BRANDS/DIVISIONS/AFFILIATES: PRIMUS Automotive Financial Services, Inc. The American Road Insurance Company Ford Credit Ford Credit North America Granite Management Corporation USL Capital Corporation Ford Motor Co.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Greg C. Smith, CEO Greg C. Smith, COO Bibiana Boerio, CFO Caron L. Schreiber, Sr. VP-Mktg. C. Fred Mateer, VP-Human Resources Terry D. Chenault, Exec.VP-Tech. Cecilia A. Michalik, Sr. VP-Quality Satisfaction Daivd L. Korman, General Counsel George E. Halloran, VP-Global Strategic Planning Richard C. Van Leeuwen, Sr. VP-e-Commerce Walter H. Jennings, VP-Global Comm. David C. Flanigan, Pres.-Ford Credit Int'l Robert D. Charles, Sr. VP-Global Product Dev. Terry D.Chenault, Pres.-Ford Financial Global Phil Horlock, Exec. VP-Global Insurance Oper.
Phone: 313-322-3000 Fax: 313-323-2959 Toll-Free: 800-727-7000 Address: The American Rd., Dearborn, MI 48121-1732 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $19,272,000 ( 9 months) 2001 Profits: $1,135,800 ( 9 months) 2000 Sales: $23,605,700 2000 Profits: $1,536,500 Stock Ticker: Subsidiary 1999 Sales: $20,359,700 1999 Profits: $1,261,100 Employees: 18,704 1998 Sales: $19,302,500 1998 Profits: $1,084,200 Fiscal Year Ends: 12/31 1997 Sales: $17,345,000 1997 Profits: $1,031,000
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
COMPETITIVE ADVAN TAGE: OTHER THOUGHTS:
Profit Sharing:
Top Exec. Salary: $ Second Exec. Salary: $ Built-in business as a subsidiary of Ford Motor Company.
Apparent Women Officers or Directors: 2 Hot Spot for Advancement for Women/M inorities: Y
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Bonus: Bonus:
Southeast: Y
$ $
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International: Y
www.plunkettresearch.com
375
FPIC INSURANCE GROUP INC
www.fpic.com
Industry Group Code: 524113 Ranks within this company's industry group: Sales: 86 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 91
Insurance/Finance: Leasing: Consumer Loans: Busines s Finance: Mortgages: Insurance:
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing: Y
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Insurance Company-Underwriting Medical Professional Liability Insurance Workers' Compensation Administrative Services
FPIC Insurance Group, Inc., through its principal subsidiaries First Professionals Insurance Company and Anesthesiologists' Professional Assurance Company, is the largest provider of medical professional liability insurance in Florida. Medical professional liability insurance insures the physician, dentist, hospital or other health care providers against liabilities arising from the rendering of or failure to render professional health care services. FPIC is licensed in Alabama, Arkansas, Georgia, Kentucky, Michigan, Mississippi, Ohio, Pennsylvania, Tennessee, Texas, Virginia and West Virginia. The company offers medical professional liability insurance for medical professionals, managed care liability insurance, professional and comprehensive general liability insurance for health care facilities, AHCA/OSHA insurance coverage, provider stop loss insurance, workers' compensation, and group accident and health coverage. In recent news, FPIC formed an affiliation with the American College of OB/Gyn, Alabama Section. Through this affiliation, the firm offers qualified members a discount on liability insurance premiums, as well as access to the firm’s claims-free discount program for additional savings. In another development, an affiliation was formed with NAS Insurance Services, in order to provide additional services for FPIC clients. FPIC also formed an affiliation with Tampa, Florida-based iLIANT Corporation, an application service provider. This new affiliation between the two companies offers FPIC physicians a centralized source for hosting and managing software applications, in addition to guaranteeing the systems’ availability, performance and security. Physician practices access and use the applications remotely through the Internet. iLIANT currently provides application support for over 800 physicians, as well as other levels of service that include e-commerce group purchasing solutions, data analysis, outsourced solutions and management services.
BRANDS/DIVISIONS/AFFILIATES: Florida Professionals Insurance Company, Inc. Anesthesiologists' Professional Assurance Company FPIC Insurance Agency, Inc. McCreary Corporation Employers Mutual, Inc. FPIC Services, Inc. NAS Insurance Services iLIANT Corporation
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. John R. Byers, CEO John R. Byers, Pres. Kim D. Thorpe, Exec. VP-CFO Kurt J. Cetin, Sr. VP-Mktg. Pamela D. Deyo, VP-Contoller Roberta G. Cown, Corp. Sec. Roberta G. Cown, General Counsel Gary M. Dallero, Sr. VP-Oper. Charles Divita, VP-Strategic Planning Roberta G. Cown, Sr. VP-Investor Rel. Charles Divita, VP-Finance and Execution
Phone: 904-354-2482 Fax: 904-475-1159 Toll-Free: 800-221-2101 Address: 225 Water Street, Ste. 1400, Jacksonville, FL 32202 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $144,100 ( 9 months) 2001 Profits: $6,300 ( 9 months) 2000 Sales: $182,000 2000 Profits: $ 600 Stock Ticker: FPIC 1999 Sales: $170,800 1999 Profits: $21,900 Employees: 556 1998 Sales: $120,321 1998 Profits: $20,693 Fiscal Year Ends: 12/31 1997 Sales: $93,216 1997 Profits: $16,557
SALARIES/BENEFITS: Pension Plan: Y Savings Plan:
ESOP Stock Plan: Stock Purch. Plan:
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Profit Sharing: Y
Top Exec. Salary: $380,000 Second Exec. Salary: $270,833 Very large medical malpractice business.
Apparent Women Officers or Directors: 2 Hot Spot for Advancement for Women/Minorities: Y
LOCATIONS: ("Y" = Yes) West:
Southwest: Y
Midwest:
Southeast:
Bonus: Bonus:
$151,626 $133,234
Northeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
376
www.plunkettresearch.com
FRANKLIN RESOURCES INC
www.franklintempleton.com
Industry Group Code: 523920 Ranks within this company's industry group: Sales: 2 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Y
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 1
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Investment Management/Mutual Funds
Franklin Resources, Inc. principally functions as a parent company engaged in providing investment management, marketing, distribution, transfer agency and other administrative services to the open-end investment companies of the Franklin Templeton Group and to U.S. and international managed and institutional accounts. Also known as Franklin Templeton Investments, the company includes the Franklin Templeton Group of Funds which consists of 42 open-end investment companies with multiple portfolios. The firm is comprised of three mutual fund families: Franklin, Templeton and Mutual Series. Franklin Resources has a strong international presence, with offices in over 20 nations around the world. Franklin Resources recently acquired Fiduciary Trust International, a global investment management company, with expectations that it will strengthen and expand its management capabilities worldwide. In other news, the company has joined forces with three other financial services firms, Fidelity, PFPC and Putnam Investments, to design and implement an industry-wide Internet portal that would allow clients to access various financial management options online. In the meantime, Franklin Templeton has introduced online transaction capabilities specifically for its shareholders. The company offers a number of training classes and management development programs for its employees, as well as health and dental coverage and life insurance.
BRANDS/DIVISIONS/AFFILIATES: Fiduciary Trust International Templeton Global Advisors Limited Franklin Mutual Advisers, Inc. Templeton Investment Counsel, Inc. Templeton Asset Management Ltd. Franklin Advisory Services, Inc. Franklin Templeton Services, Inc. Franklin Templeton Investments
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Charles B. Johnson, CEO Charles B. Johnson, Pres. Martin L. Flanagan, CFO Donna S. Ikeda, VP-Human Resources Leslie M. Kratter, Corp. Sec. Kenneth A. Lewis , Chief Admin. Officer Charles R. Sims , Treas. Allen J. Gula Jr., Chief Investment Officer Rupert H. Johnson Jr., Exec. VP Charles E. Johnson, Sr. VP William J. Lippman, Sr. VP
Phone: 650-312-2000 Fax: 650-312-5606 Toll-Free: 800-632-2350 Address: 777 Mariners Island Blvd., San Mateo, CA 94404 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 12 months. 2001 Sales: $2,354,800 (12 months) 2001 Profits: $484,700 (12 months) 2000 Sales: $2,340,100 2000 Profits: $562,100 Stock Ticker: BEN 1999 Sales: $2,262,500 1999 Profits: $426,700 Employees: 6,500 1998 Sales: $2,577,300 1998 Profits: $500,400 Fiscal Year Ends: 9/30 1997 Sales: $2,163,300 1997 Profits: $434,100
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Profit Sharing: Y Top Exec. Salary: $782,677 Stock Purch. Plan: Y Second Exec. Salary: $782,677 One of the best-known names in mutual funds.
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
LOCATIONS: ("Y" = Yes) West: Y
Southwest:
Midwest:
Southeast: Y
Bonus: Bonus:
$1,000,000 $552,333
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International: Y
www.plunkettresearch.com
377
FREDDIE MAC
www.freddiemac.com
Industry Group Code: 522310 Ranks within this company's industry group: Sales: 2 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 2
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Mortgages Mortgage Banking
Freddie Mac has two lines of business: mortgage securitization and portfolio investment. In the mortgage securitization business, Freddie Mac securitizes mortgages it has purchased and resells them to investors in the form of guaranteed mortgage passthrough securities. The mortgage securitization business also includes fees earned from seller/servicers for services such as Loan Prospector and GoldWorks, which provide easier access to the secondary mortgage market. The company's portfolio investment business primarily involves the purchase and retention of mortgages and guaranteed mortgage securities. In recent news, Freddie Mac announced that its Multifamily Division closed more than $3.4 billion in business in the first six months of 1999, a company record. In addition, the company recently closed a $160 million Multifamily Gold PC swap with Column Financial, Inc., a subsidiary of Donaldson, Lufkin & Jenrette, Inc. Also, Freddie Mac announced that Loan Prospector on the Internet is the first automated underwriting service (AUS) to gain the approval of the three major credit repositories for the transmission of credit reports prepared by the repositories via the Internet. After several months of discussions with Freddie Mac and a close review of Loan Prospector’s functions, Equifax, Experian and Trans Union have validated Loan Prospector on the Internet’s security protocols and safeguards for business-to-business transmissions of credit report information as worthy of this landmark decision. Freddie Mac recently released an updated version of Home Value Explorer through Advanced Logic Systems, Inc. The new program can provide precise estimates for residential property values in the 50 states. Freddie Mac has enabled one out of six homebuyers and more than two million renters in America. About 45% of the company’s new hires are minorities. Freddie Mac also gives nearly $21 million a year to charities that assist minorities and has established internship programs for five historically black colleges. Freddie Mac provides health care, financial benefits and various employee programs.
BRANDS/DIVISIONS/AFFILIATES: The Freddie Mac Foundation Freddie Mac Learning Center Loan Prospector Program Plus GoldWorks Multifamily Gold PC Column Financial, Inc. Affordable Gold Mortgage Products
CONT ACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Leland C. Brendsel, CEO David W. Glenn, Pres. David W. Glenn, COO Vaughn A. Clarke, Exec. VP/CFO Pat Sheehy, Sr. VP/Dir.-Mktg. and Sales Michael W. Hager, VP-Human Resources William I. Ledman, Sr. VP-Info. Systems & Services Gregory E. Reynolds, Sr. VP/Corp. Controller Maud Mater, EVP-General Counsel Peter F. Maselli, Sr. VP-Dev. David R. Palombi, V P-Corp. Comm. Louise M. Herrle, Treas. Dwight P. Robinson, Sr. VP-Corp. Relations Michael K. Stamper, Exec. VP-Risk Mgmt. David Stevens, Sr. VP-National Sales Dir. Michael F. Coffey , VP-Expanding Markets
Phone: 703-903-2000 Fax: 703-918-8403 Toll-Free: 800-424-5401 Address: 8200 Jones Branch Dr., McLean, VA 22102 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $26,689,000 ( 9 months) 2001 Profits: $2,783,000 ( 9 months) 2000 Sales: $29,969,000 2000 Profits: $2,547,000 Stock Ticker: FRE 1999 Sales: $24,268,000 1999 Profits: $2,223,000 Employees: 3,600 1998 Sales: $18,048,000 1998 Profits: $1,700,000 Fiscal Year Ends: 12/31 1997 Sales: $14,399,000 1997 Profits: $1,395,000
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Y Profit Sharing: Top Exec. Salary: $ Bonus: $ Stock Purch. Plan: Second Exec. Salary: $ Bonus: $ ADVANTAGE: Government-sponsored mortgage firm of massive size/Nationwide business operations.
COMPETITIVE OTHER THOUGHTS:
Apparent Women Officers or Directors: 3 Hot Spot for Advancement for Women/Minorities: Y
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
378
www.plunkettresearch.com
FREMONT GENERAL CORP Industry Group Code: 524113 Ranks within this company's industry group: Sales: Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits:
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Insurance Company-Underwriting Commercial/Residential Real Estate Lending Workers' Compensation Insurance Commercial Finance Premium Finance
Fremont General Corporation is a holding company engaged through its subsidiaries in select insurance and financial services businesses. The insurance business of Fremont General includes one of the largest underwriters of workers' compensation insurance in the nation. Fremont General's financial services business includes commercial real estate lending, residential real estate lending, commercial finance and premium financing. The company's workers' compensation operation currently has major market positions in select areas throughout the United States. Fremont's financial services operations, which are comprised primarily of Fremont General Credit Corporation, are engaged in commercial and residential real estate lending, commercial finance lending and insurance premium financing. In recent news, The Clarendon Insurance Group entered into a general agency and claim administration agreement with the Fremont General Insurance Agency, a subsidiary of Fremont Indemnity Company. This provides Fremont with the ability to issue new and renewal workers' compensation policies with an A rating. The relationship is beneficial to Freemont in that it allows the company access to grade A paper. Clarendon is supported by Hannover Re, the fifth largest reins urer worldwide. Recent losses in its insurance business have forced the company to lay off approximately 50% of its workforce and close threequarters of its offices.
BRANDS/DIVISIONS/AFFILIATES: Fremont Compensation Insurance Group Fremont Financial Corporation Fremont Investment & Loan Industrial Indemnity Holdings, Inc. Casualty Insurance Company Fremont General Credit Corporation Fremont Indemnity Company Fremont General Insurance Agency
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. James A. McIntyre, CEO Louis J. Rampino, Pres. Louis J. Rampino, COO Wayne R. Bailey, CFO Raymond G. Meyers, Human Resources John A. Donaldson, Controller Alan W. Faigan, General Counsel Raymond G. Meyers, Chief Admin. Officer Wayne R. Bailey, Treas. Patrick E. Lamb, VP- Finance Mary-Lou Misrahy , CEO- Fremont Compensation Insurance Group
Phone: 310-315-5500 Fax: 310-315-5599 Toll-Free: Address: 2020 Santa Monica Blvd., Ste. 600, Santa Monica, CA 90404-2023 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $685,800 ( 9 months) 2001 Profits: $45,300 ( 9 months) 2000 Sales: $1,577,200 2000 Profits: $-506,300 Stock Ticker: FMT 1999 Sales: $1,397,600 1999 Profits: $-65,400 Employees: 2,316 1998 Sales: $1,037,597 1998 Profits: $132,964 Fiscal Year Ends: 12/31 1997 Sales: $974,295 1997 Profits: $108,292
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Y Profit Sharing: Top Exec. Salary: $800,000 Bonus: $65,000 Stock Purch. Plan: Second Exec. Salary: $692,400 Bonus: $48,000 One of the largest mono-line workers' compensation insurers in the U.S./The company has restructured, closed most of its offices and laid off one-half of its workforce in order to regain profitability.
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
www.plunkettresearch.com
379
FRIEDMAN BILLINGS RAMSEY
www.fbr.com
Industry Group Code: 523110 Ranks within this company's industry group: Sales: 46 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Y
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 110
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Investment Banking Specialized Asset Management Stock Brokerage
Friedman, Billings, Ramsey Group, Inc. (FBR Group) is a Virginia-based financial holding company for the following industry sectors: financial services, real estate, technology and energy. FBR Group mainly focuses on three businesses: investment banking and securities, offered through Friedman, Billings, Ramsey and Co. (FBRC); specialized asset management products (as in venture capital funds), which are provided by Friedman Billings Ramsey Investment Management, Inc. and FBR Venture Capital Management, Inc.; and online investment banking, brokerage and securities distribution services offered by FBR Investment Services (FBRIS). Both Friedman, Billings, Ramsey & Co., Inc. and FBR Investment Services are investment banks and engage in broker-dealer relationships. Additionally, FBRIS conducts business through its web site, www.fbr.com. FBR Fund Advisers, Inc. and Money Management Associates, Inc. also extend services and products in the form of investment advisers. The group of companies maintains offices in Arlington, VA; Atlanta, GA; Bethesda, MD; Boston, MA; Charlotte, NC; Cleveland, OH; Dallas, TX; Denver, CO; Irvine, CA; New York City, NY; Portland, OR; Seattle, WA; London; and Vienna.
BRANDS/DIVISIONS/AFFILIATES: Friedman, Billings, Ramsey & Co., Inc. Friedman, Billings, Ramsey Investment Management FBR Venture Capital Management, Inc. FBR Investment Services FBR Fund Advisers, Inc. Money Management Associates, Inc. FBR National Bank & Trust www.fbr.com
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Eric F. Billings, Co-CEO W. Russell Ramsey, Pres. Robert S. Smith, COO/Exec. VP Kurt. R. Harrington, CFO Doris McGhee, Human Resources W. Russell Ramsey, Co-CEO Emanuel Friedman, Co-CEO William J. Ginivan, Chief Legal Officer Melinda Harris McClure, Managing Dir.-Financial Services
Phone: 703-312-9500 Fax: 703-312-9601 Toll-Free: Address: 1001 19th St. North, Arlington, VA 22209 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $99,500 ( 9 months) 2001 Profits: $-23,400 ( 9 months) 2000 Sales: $180,900 2000 Profits: $18,100 Stock Ticker: FBR 1999 Sales: $139,000 1999 Profits: $-7,000 Employees: 386 1998 Sales: $122,900 1998 Profits: $-16,200 Fiscal Year Ends: 12/31 1997 Sales: $256,100 1997 Profits: $34,300
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Y Profit Sharing: Y Stock Purch. Plan: Diversified services.
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Apparent Women Officers or Directors: 2 Hot Spot for Advancement for Women/Minorities: Y
Top Exec. Salary: $600,000 Second Exec. Salary: $600,000
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Bonus: Bonus:
$1,853,741 $1,853,741
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International: Y
380
www.plunkettresearch.com
FSF FINANCIAL CORP
www.ffhh.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 24 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Y
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 22
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking/Savings Associations Mortgages Insurance Company-Underwriting Investments Estate Planning Business Banking
FSF Financial Corp. is the holding company for four affiliated companies. First Federal fsb is a federally chartered stock savings bank headquartered in Hutchinson, Minnesota. First Federal's business consis ts primarily of attracting deposits from the general public and using such deposits, together with borrowings and other funds, to make mortgage loans secured by residential real estate located in Minnesota. The bank has 11 offices located in Hutchinson, Hastings, Apple Valley, Buffalo, Glencoe, Inver Grove Heights, Litchfield, Waconia, Waite Park and Winthrop, Minnesota. Homeowners Mortgage Corporation originates residential mortgage loans and conducts its operations from offices in Vadnais Heights and Hastings, Minnesota. Firstate Investments provide non-insured financial products in two locations. Insurance Planners of Hutchinson, Inc., is a property and casualty insurance agency. In support of a new growth strategy, new products, services and expanded Internet capabilities are being developed to address the changing needs of customers. The development includes the addition of agricultural lending, community banking and business lending as well as in-depth training to enable employees to deliver the highest level of service possible. In recent news, First Federal purchased a new banking facility from ING Bank fsb. The purchase included various loans and deposits in the St. Cloud and Minneapolis, Minnesota area.
BRANDS/DIVISIONS/AFFILIATES: First Federal fsb Insurance Planners of Hutchinson, Inc. Homeowners Mortgage Corporation Firststate Investments, Inc. ING Bank fsb
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Donald A. Glas, CEO George B. Loban, Pres. Richard H. Burgart, CFO Nancy Albrecht, Human Resources Richard H. Burgart, Corp. Sec. Richard H. Burgart, Treas.
Phone: 320-234-4500 Fax: 320-587-2072 Toll-Free: 888-234-4585 Address: 201 South Main Street, Hutchinson, MN 55350-2573 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 12 months. 2001 Sales: $41,900 (12 months) 2001 Profits: $3,700 (12 months) 2000 Sales: $37,700 2000 Profits: $3,500 Stock Ticker: FFHH 1999 Sales: $34,700 1999 Profits: $2,500 Employees: 170 1998 Sales: $32,300 1998 Profits: $3,000 Fiscal Year Ends: 9/30 1997 Sales: $28,800 1997 Profits: $3,100
SALARIES/BENEFITS: Pension Plan: Savings Plan:
ESOP Stock Plan: Y Profit Sharing: Stock Purch. Plan: Expanded services.
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
Top Exec. Salary: $196,000 Second Exec. Salary: $196,000
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest: Y
Southeast:
Bonus: Bonus:
$90,000 $64,800
Northeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
www.plunkettresearch.com
381
FULTON FINANCIAL CORP
www.fult.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 163 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Y
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y Y Y Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Cons ulting:
Profits: 160
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y Y Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
Y
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Stock Brokerage Credit Cards Consumer Loans Investment Management Trust Services Insurance
Fulton Financial Corporation is a financial holding company owning 11 community banks, two financial service companies and four non-bank organizations. Fulton Financial's eleven subsidiary banks are located primarily in suburban or semi-rural geographical markets throughout Pennsylvania, Maryland, New Jersey and Delaware. Each bank offers a consistent variety of commercial and retail banking services to its customers. Included in the array of products are demand, savings and time deposits; commercial, consumer and mortgage loans; vehicle and equipment leasing and financing; VISA and MasterCard credit cards; VISA debit cards; cash management; international services such as letters of credit and currency exchange; and PC and telephone banking. Electronic delivery channels include a network of automated teller machines, telephone banking and PC banking through the Internet. In May, 2000, the Fulton Financial formed Fulton Financial Advisors, N.A. as a separate investment management and trust services subsidiary. Fulton Financial Advisors consolidated the existing investment management and trust services businesses at the company's subsidiary banks. In recent news, Great Valley Bank, a separate bank subsidiary of Fulton Financial, was merged into Fulton Bank. The company also expanded its geographical presence into northern New Jersey though its acquisition of Skylands Financial Corporation. More recently, Fulton Financial acquired investment management and advisory company Dearden, Maguire, Weaver and Barrett, Inc. In addition, Drovers Bancshares Corporation in York, Pennsylvania and 18 branch offices from Sovereign Bank were acquired.
BRANDS/DIVISIONS/AFFILIATES: Great Valley Bank Fulton Bank Skylands Financial Corp. Dearden, Maguire, Weaver and Barrett Drovers Bancshares Corp. Sovereign Bank
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Rufus A. Fulton, Jr., CEO R. Scott Smith, Jr., Pres. R. Scott Smith, Jr., COO Charles J. Nugent, CFO Richard J. Ashby, Jr., Exec. VP
Phone: 717-291-2411 Fax: 717-291-2695 Toll-Free: Address: One Penn Square, Lancaster, PA 17602 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $437,700 ( 9 months) 2001 Profits: $79,400 ( 9 months) 2000 Sales: $532,200 2000 Profits: $103,800 Stock Ticker: FULT 1999 Sales: $480,100 1999 Profits: $97,200 Employees: 2,438 1998 Sales: $467,500 1998 Profits: $88,500 Fiscal Year Ends: 12/31 1997 Sales: $435,900 1997 Profits: $76,400
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Profit Sharing: Y
Top Exec. Salary: $586,444 Second Exec. Salary: $327,407
Bonus: Bonus:
$22,555 $12,592
Aggressive acquisition policy.
Apparent Women Officers or Directors: Hot Spot for Advancement for Women/Minorities:
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Southeast:
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
382
www.plunkettresearch.com
GAINSCO INC
www.gainsco.com
Industry Group Code: 524113 Ranks within this company's industry group: Sales: 76 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 63
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Insurance Company-Underwriting Property and Casualty Insurance Commercial Insurance
GAINSCO, Inc. is a property and casualty insurance holding company. It underwrites specialty commercial automobile, auto garage, general liability and property coverage through a general agency distribution network consisting of General Agents Insurance Company of America, Inc., MGA Insurance Company, Inc. and GAINSCO County Mutual Insurance Company. The company also provides nonstandard private passenger automobile insurance through The Lalande Group. GAINSCO is approved to write insurance in 48 states and the District of Columbia on a non-admitted basis and in 44 states on an admitted basis. The firm markets its commercial lines of insurance through approximately 800 non-affiliated general agency offices and its personal line of insurance through approximately 800 non-affiliated retail agencies. GAINSCO's product lines serve specialty markets within the commercial auto, auto garage, general liability, property and personal nonstandard auto insurance lines. To stem losses that it has been suffering, the company recently announced a series of restructuring actions. In order to concentrate its underwriting activities, GAINSCO is selling Tri-State, Ltd., a producer of automobile insurance. The firm is also exiting several lines of insurance business that include educators insurance, personal property and its Pro-Reach professional liability product. As a result, the company's workforce will be reduced by 24%. In other news, GAINSCO expanded its Internet-based information system, GAINSCONNECT, in order to increase the capabilities of its insurance agents nationwide. With secure access to the company’s internal systems, agents can now review and print individual policy premium and loss transactions, inquire about the status of claims, order policy books and send inquiries regarding transportation filings.
BRANDS/DIVISIONS/AFFILIATES: GAINSCONNECT MGA Insurance Company, Inc. GAINSCO County Mutual Insturance Company National Specialty Lines, Inc. DLT Insurance Adjusters, Inc. Lalande Group (The) Tri-State, Ltd. General Agents Insurance Company of America, Inc.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Glenn W. Anderson, CEO Glenn W. Anderson, Pres. Daniel J. Coots, CFO Brian L. Schwarzbach, Asst. VP-Mktg. Kim Prichard, Human Resources Richard A. Laabs , Sr. VP-Info. Tech. Richard M. Buxton, Sr. VP- Mergers and Acquisitions Richard M. Buxton, Sr. VP-Investor Rel. Daniel J. Coots, Treas. J. Landis Graham, Sr. VP-Claims Carolyn E. Ray, Sr. VP-Commercial Underwriting McRae B. Johnston, Pres.-Personal Lines Division Joseph W. Pitts, Sr. VP-Chief Actuary
Phone: 817-336-2500 Fax: 817-335-1230 Toll-Free: 800-438-4246 Address: 500 Commerce Street, Fort Worth, TX 76102-5439 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $59,500 ( 9 months) 2001 Profits: $-13,400 ( 9 months) 2000 Sales: $164,700 2000 Profits: $-19,600 Stock Ticker: GNA 1999 Sales: $125,500 1999 Profits: $7,100 Employees: 339 1998 Sales: $105,626 1998 Profits: $-11,663 Fiscal Year Ends: 12/31 1997 Sales: $114,945 1997 Profits: $11,924
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Y Profit Sharing: Top Exec. Salary: $340,000 Bonus: Stock Purch. Plan: Second Exec. Salary: $289,060 Bonus: Refocusing and reducing the business in order to reduce costs and seek profitability.
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Apparent Women Officers or Directors: 2 Hot Spot for Advancement for Women/Minorities: Y
LOCATIONS: ("Y" = Yes) West:
Southwest: Y
Midwest: Y
Southeast:
$ $
Northeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
www.plunkettresearch.com
GASTON FEDERAL BANCORP
www.gastonfederalbank.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 88 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
383 Profits: 103
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking/Savings Associations Mortgages
Gaston Federal Bancorp is the holding company of Gaston Federal Bank. Gaston Federal is a communityoriented savings bank engaged primarily in the business of offering deposits to customers through its branch offices and investing those deposits in residential, commercial and consumer loans and investment securities. All of the bank's offices are located in the County of Gaston in North Carolina. Gaston Federal has traditionally concentrated its lending activities on conventional first mortgage loans secured by one- to four-family properties. In addition, the bank originates construction loans, commercial real estate loans, multifamily residential real estate loans, land loans, commercial business loans and consumer loans. A substantial portion of the bank's loan portfolio is secured by real estate, either as primary or secondary collateral, which is located in its primary market area. In recent news, Gaston Federal Bank opened its sixth office at a new location in Stanley. The branch operates as a full-service bank and offers a range of products and services aimed at appealing and catering to a hometown environment.
BRANDS/DIVISIONS/AFFILIATES: Gaston Federal Bank Gaston Federal Mortgage Center
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Kim S. Price, CEO Kim S. Price, Pres. Paul L. Teem, Jr., COO Gary F. Hoskins, CFO Hanaa Shoukry, Human Resources Paul L. Teem, Jr., Corp. Sec. Paul L. Teem, Jr., Chief Admin. Officer Gary F. Hoskins, Treas. Michael R. Maguire, Sr. VP-Chief Credit Officer
Phone: 704-868-5200 Fax: 704-868-5226 Toll-Free: Address: 245 W. Main Ave., Gastonia, NC 28052 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $14,900 ( 9 months) 2001 Profits: $1,500 ( 9 months) 2000 Sales: $18,500 2000 Profits: $2,200 Stock Ticker: GBNK 1999 Sales: $17,600 1999 Profits: $2,200 Employees: 70 1998 Sales: $14,900 1998 Profits: $1,900 Fiscal Year Ends: 12/31 1997 Sales: $13,500 1997 Profits: $1,400
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Y Profit Sharing: Stock Purch. Plan: Conversion to holding company.
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Apparent Women Officers or Directors: 2 Hot Spot for Advancement for Women/Minorities: Y
Top Exec. Salary: $130,008 Second Exec. Salary: $
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Southeast:
Bonus: Bonus:
$25,000 $
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
384
www.plunkettresearch.com
GENERAL ELECTRIC CAPITAL CORPORATION www.gecapital.com Industry Group Code: 522220A Ranks within this company's industry group: Sales: 194 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Profits: 180 Y Y Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Y
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
Y
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Leasing and Finance Financial Guarantee Insurance Private Mortgage Insurance Creditor Insurance Specialty Insurance Equipment Management Services Consumer Services Middle Market Financing
GE Capital is a global, diversified financial services company grouped in six key operating segments comprised of 24 businesses. The company operates as a wholly owned subsidiary of General Electric Company in 47 countries across the globe. The firm’s six operating segments consist of consumer services, equipment management services, middle market financing, specialized financing and specialty insurance. Companies of GE Capital that provide consumer services include GE Credit Card Services, a leading provider of private-label credit card servicing and inventory financing. GE Financial Assurance provides financial security solutions that assist consumers in creating and preserving personal wealth, protecting assets and enhancing their lifestyles. Equipment management services companies include Modular Space, which sells, leases and finances customized mobile and modular buildings for the construction, commercial, health care, education, industry and government markets. Penske Truck Leasing provides full-service leasing, contract maintenance and commercial and consumer truck rentals. Companies in this segment also provide rail cars, aircraft leasing services, IT solutions and satellite communications solutions. The middle market financing segment is primarily comprised of companies that provide equipment financing and asset management services. In the specialized financing sector, GE Commercial Finance provides innovative financing solutions primarily for non-investment grade firms. GE Capital Real Estate finances and invests in a broad range of commercial and multi-family residential properties. Companies in the specialty insurance segment include Financial Guarantee Insurance Company (FGIC), which provides financial guarantees for debt securities to public entities such as state and local governments and school districts. GE Capital has been involved in a number of strategic acquisitions recently including Franchise Finance Corporation of America, I-SIM Corp and Mellon U.S. Leasing.
BRANDS/DIVISIONS/AFFILIATES: GE Financial Assurance General Electric Company GE Credit Card Services Penske Truck Leasing Financial Guarantee Service Company (FGIC) Modular Space GE Capital Real Estate GE Commercial Finance
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Denis J. Nayden, CEO Michael A. Neal, Pres. Michael A. Neal, COO James A. Parke, CFO Charles Alexander, Pres., GE Capital Europe Pramod Bhasin, Pres., GE Capital Asian Oper. Deborah M. Reif, Pres./CEO, FGIC Joseph E. Parsons, GE Equity
Phone: 203-357-4000 Fax: 203-357-6489 Toll-Free: Address: 260 Long Ridge Rd., Stamford, CT 06927 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for months. 2001 Sales: $ ( months) 2001 Profits: $ ( months) 2000 Sales: $66,177,000 2000 Profits: $5,192,000 Stock Ticker: Subsidiary 1999 Sales: $55,749,000 1999 Profits: $4,443,000 Employees: 90,000 1998 Sales: $48,694,000 1998 Profits: $3,796,000 Fiscal Year Ends: 12/31 1997 Sales: $33,931,000 1997 Profits: $3,256,000
SALARIES/BENEFITS: Pension Plan: Savings Plan:
ESOP Stock Plan: Stock Purch. Plan:
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Top Ex ec. Salary: $ Bonus: Second Exec. Salary: $ Bonus: Highly diversified loan portfolio/Expertise in a wide range of industries.
Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
Profit Sharing:
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
$ $
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International: Y
www.plunkettresearch.com
385
GENERAL MOTORS ACCEPTANCE CORP Industry Group Code: 522220 Ranks within this company's industry group: Sales: 1 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Y
www.gmacfs.com
Profits: 1
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y Y Y Y Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Automobile Financing Leasing Services Insurance Mortgage Banking Business Support Financing Commercial Credit
General Motors Acceptance Corporation (GMAC), a sudsidiary of General Motors Corporation, has a presence in 40 countries and offers a wide variety of automotive financial services through franchised General Motors dealers worldwide. GMAC also offers financial services to other automobile dealerships and to the customers of those dealerships. Additionally, GMAC provides commercial financing for real estate, equipment and working capital; to automobile dealerships, GM suppliers and customers of GM affiliates. The company’s other financial services include insurance and mortgage banking. It also offers SmartLeases d( ealers originate leases and sell them to GMAC) and leasing options marketed directly to customers. Subsidiaries Integon and Motors Insurance offer automobile insurance. Subsidiary GMAC Mortgage Group originates single-family and commercial loans and invests in commercial mortgagebacked bonds. The firm’s Residential Funding subsidiary buys and packages nonconforming, single-family home loans for sale to investors. The company has about 730 offices worldwide, and is the second largest factoring company in the U.S. Recently, GMAC has been expanding its worldwide presence, particularly in Europe, Latin America and Japan. Operations in Europe will focus on residential mortgage origination and securitization. The firm’s Japan office will be used to establish a residential mortgage and securitization branch in order to serve customers throughout the Asia region. Employees are offered a flexible work environment, various developmental programs and tuition assistance. Additionally, employees may participate in a new vehicle purchase plan.
BRANDS/DIVISIONS/AFFILIATES: Integon GMAC Mortgage Group Motors Insurance Residential Funding SmartLeases General Motors Corp. ditech.com
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. John D. Finnegan, CEO John D. Finnegan, Pres. William F. Muir, CFO Carol J. Knorr, VP-Mktg. & Dev. Gay G. Tosch, VP-Human Resources Linda A. Taggart, VP-CIO Gerald E. Gross, Comptoller Cathy L. Quenneville, Corp. Sec. William B. Solomon, Jr., General Counsel Richard J. S. Clout, Exec. VP-Int'l Oper. David L. Jones, VP-Planning Donna V. Cheeseburg, VP-e-Commerce James E. Farmer, VP-Corp. Comm. Susan G. Hauseman, Treas. John E. Gibson, Exec. VP-North American Oper. Paul D. Bull, VP-Global Borrowing Robert C. Dann, VP- Diversified Bus. Cynthia A. Ranzilla, VP-U.S. Funding
Phone: 313-556-5000 Fax: 313-974-5936 Toll-Free: 800-200-4622 Address: 767 W. Grand Blvd., Detroit, MI 48202 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for months. 2001 Sales: $ ( months) 2001 Profits: $ ( months) 2000 Sales: $23,661,100 2000 Profits: $1,602,100 Stock Ticker: Subsidiary 1999 Sales: $20,218,000 1999 Profits: $1,527,000 Employees: 28,569 1998 Sales: $17,913,900 1998 Profits: $1,325,300 Fiscal Year Ends: 12/31 1997 Sales: $16,595,400 1997 Profits: $1,301,100
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Profit Sharing:
Top Exec. Salary: $ Bonus: Second Exec. Salary: $ Bonus: Business generated in connection with General Motors Corp./Offices worldwide.
Apparent Women Officers or Directors: 6 Hot Spot for Advancement for Women/Minorities: Y
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
$ $
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International: Y
386
www.plunkettresearch.com
GENERALCOLOGNE RE CORP
www.gcre.com
Industry Group Code: 524130 Ranks within this company's industry group: Sales: 1 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 1
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Priv ate-Label Cards: Payment Processing: Y
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Reinsurance Reinsurance Services Property Insurance Casualty Insurance Risk Management Services Risk Transfer Assessment Market Evaluation Services
GeneralCologne RE provides reinsurance and insurance underwriting services to its customers globally. The company was developed through the combined forces of General Reinsurance Corporation and Kolnische Ruckversicherungs -Gesellschaft. It is a subsidiary of Berkshire Hathaway and is a holding company for many subsidiaries. Two major subsidiaries, General Reinsurance in the United States and Cologne Re in Germany, provide property and casualty reinsurance to customers. Additionally, the firm owns General RE-New England Asset Management and National Re reinsurance companies. Herbert Clough, Inc., a subsidiary of General RE, provides property catastrophe risk management services, risk transfer assessment, market evaluation and reinsurance services to the company’s clients. GeneralCologne is focused on increasing its position in the global market by strengthening its current insurance services provided to customers. The member companies of GeneralCologne Re have net premiums written of over $8 billion and assets totaling more than $41 billion. The firm has 19 locations throughout North America as well as 29 countries overseas, and is one of the four largest reinsurance organizations in the world. GeneralCologne Re recently entered into an agreement to sell a controlling stake in Gen Re Securities Holdings, a subsidiary. The firm will retain a minority holding and will provide credit enhancement to the firm as part of a consortium of financial guarantors. The venture seeks to develop a new type of financial services firm that will provide advice and solutions to corporate, individual and governmental clients. General Star Management Company, a subsidiary of General Re Corporation, recently introduced a secure password-protected service through its website that is able to provide current claims information. The Internet-based Loss Reporting application allows wholesale brokers direct access to loss information for all policies generated by a specific office. GeneralCologne Re is an international company with opportunities to work abroad. Employees are also offered a variety of technical training programs geared to acclimatize them to the reinsurance industry.
BRANDS/DIVISIONS/AFFILIATES: General RE General Reinsurance Corporation Kolnische Ruckversicherungs -Gesellschaft Berkshire Hathaway Cologne RE General RE-New England Asset Management National Re Herbert Clough, Inc.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Joseph P. Brandon, CEO Tom N. Kellogg, Pres. Elizabeth A. Monrad, CFO James Hamilton, VP-Human Resources Stephen P. Raye, VP-Tech. Stephen P. Raye, VP-Info. Systems/Sr. VP-Info. Systems, General Re Elizabeth A. Monrad, Controller Winfried Heinen, Chief Medical Officer Charles F. Barr, Sec. Charles F. Barr, General Counsel Kevin Fitzgerald, VP-e-Commerce Christian Lawrence, VP-Corp. Comm. Elizabeth A. Monrad, Treas. Joseph P. Brandon, Mgr.-North America Kenneth B. Lundgren, Chief Underwriter-North America Harold J. Clark, VP-Aviation Mgr. Thomas Raschewski, VP-Solutions and Consulting
Phone: 203-328-5000 Fax: 203-328-6423 Toll-Free: Address: 695 E. Main St., Stamford, CT 06904 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for months. 2001 Sales: $ ( months) 2001 Profits: $ ( months) 2000 Sales: $8,696,000 2000 Profits: $ Stock Ticker: Subsidiary 1999 Sales: $6,905,000 1999 Profits: $ Employees: 2,700 1998 Sales: $6,095,000 1998 Profits: $ Fiscal Year Ends: 12/31 1997 Sales: $8,251,000 1997 Profits: $
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Profit Sharing:
Top Exec. Salary: $ Second Exec. Salary: $
Bonus: Bonus:
$ $
Large international presence.
Apparent Women Officers or Directors: 3 Hot Spot for Advancement for Women/Minorities: Y
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Southeast:
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International: Y
www.plunkettresearch.com
GEORGIA FINANCIAL INC
www.greatamericanfederal.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 1 Investments: Broker: Annuities: Inv estment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
387 Profits:
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking/Savings Association Retail Deposits Mortgage Loans Development and Construction Loans Money Market Accounts Business Loans Wealth Management Services
GA Financial, Inc. is a unitary savings and loan holding company. The company does not transact any material business other than through its subsidiary Great American Federal Savings and Loan Association ( Association). The Association operates 14 banking offices in the greater Pittsburgh metropolitan area and is a federally chartered FDIC-insured stock savings institution. It is a communityoriented savings institution offering a variety of financial services to meet the needs of the communities that it serves. The Association's principal business is to attract retail deposits from the general public and to invest those funds primarily in fixed-rate mortgage loans, consumer loans, as well as mortgage-backed and mortgage-related securities. The firm also invests in construction and development loans, multi-family loans and commercial real estate loans. Revenues are mainly derived from interest and dividends paid through investments, and to a lesser extent, fees and service charges. The bank offers a range of personal services that include checking and savings accounts, money market accounts, mortgages, retirement accounts, education loans, as well as consumer loans and credit cards. Recently, current deteriorating market conditions have resulted in reduced earnings that has caused the firm to re-evaluate its investment portfolio.
BRANDS/DIVISIONS/AFFILIATES: GA Financials, Inc. New Eagle Capital, Inc. GA Federal Savings and Loan Association
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. John M. Kish, CEO John M. Kish, Pres. Todd L. Cover, COO Raymond G. Suchta, CFO E. Jeffrey Walker, VP-Mktg. Elizabeth A. Berkely , VP-Human Resources Judith A. Stoeckle, VP-Info. Systems Lawrence A. Michael, Corp. Sec. Wayne A. Callen, VP-Data Processing Raymond G. Suchta, Treas. Vicki J. Hays, VP-Lending Norman A. Litterini, VP-Lending of the Association Richard K. Wiethorn, VP-Wealth Mgmt.
Phone: 412-882-9800 Fax: 412-882-8580 Toll-Free: 888-483-9400 Address: 4750 Clairton Blvd., Pittsburgh, PA 15236-2187 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $45,500 ( 9 months) 2001 Profits: $3,900 ( 9 months) 2000 Sales: $62,900 2000 Profits: $6,700 Stock Ticker: GAF 1999 Sales: $60,500 1999 Profits: $7,100 Employees: 214 1998 Sales: $60,000 1998 Profits: $8,200 Fiscal Year Ends: 12/31 1997 Sales: $55,300 1997 Profits: $8,300
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Y Profit Sharing: Top Exec. Salary: $212,667 Stock Purch. Plan: Second Exec. Salary: $138,463 Significant presence in Pittsburgh market.
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Apparent Women Officers or Directors: 3 Hot Spot for Advancement for Women/Minorities: Y
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Southeast:
Bonus: Bonus:
$3,745 $2,437
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
388
www.plunkettresearch.com
GLACIER BANCORP INC
www.glacierbank.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 139 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Y
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 132
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y Y Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking/Savings Association Transaction Deposits Commercial, Consumer and Real Estate Loans Mortgage Services Investment Services
Glacier Bancorp, Inc. is a multi-bank holding company headquartered in Kalispell, Montana, which operates seven principal subsidiaries. The company provides commercial banking services in 27 communities through 51 banking offices in Montana, Idaho and Utah. Glacier is the parent holding company of Glacier Bank of Eureka, Glacier Bank of Whitefish, First Security Bank of Missoula, Valley Bank of Helena, Big Sky Western Bank, Mountain West Bank in Idaho and Community First, Inc. The holding company had $2.1 billion in total assets at the end of 2001. The firm’s subsidiaries attract deposit accounts from the general public and originate commercial, residential, installment and other loans. Their principal sources of income are interest on loans, loan origination fees, fees on deposit accounts and interest and dividends on investment securities. The subsidiaries offer a full range of retail and commercial banking services. Community First, Inc. offers full service brokerage services through Robert Thomas Securities, an unrelated brokerage firm. Recently, Western Security Bank, a subsidiary, completed the conversion of the data systems from an outside servicer to Glacier’s inhouse computer system. The conversion will result in cost savings due to a fully integrated system. In other news, Glacier undertook a geographic alignment of its branches as part of a plan to acquire WesterFed. Glacier Bank of Eureka also recently merged into Glacier Bank of Whitefish. The banks had similar clients and shared management staff, which means that further cost reductions are expected as a result of the consolidation.
BRANDS/DIVISIONS/AFFILIATES: Valley Bank Glacier Bank of Eureka Western Security Bank First Security Bank of Missoula Community First, Inc. Big Sky Western Bank Robert Thomas Securities Glacier Bank of Whitefish
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Michael J. Blodnick, CEO Michael J. Blodnick, Pres. James H. Strosahl, CFO Robert A. Nystuen, Sr. VP-Sales and Mktg. Thomas E. Anderson, Controller James H. Strosahl, Corp. Sec. James H. Strosahl, Treas. Martin E. Gilman, Sr. VP William L. Bouchee, Pres.-First Security Bank
Phone: 406-756-4200 Fax: 406-756-3518 Toll-Free: 800-735-4371 Address: 49 Commons Loop, Kalispell, MT 59901 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $118,700 ( 9 months) 2001 Profits: $15,200 ( 9 months) 2000 Sales: $92,100 2000 Profits: $14,000 Stock Ticker: GBCI 1999 Sales: $70,000 1999 Profits: $12,200 Employees: 423 1998 Sales: $62,340 1998 Profits: $10,744 Fiscal Year Ends: 12/31 1997 Sales: $52,300 1997 Profits: $9,200
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Profit Sharing:
Top Exec. Salary: $169,547 Second Exec. Salary: $136,453
Bonus: Bonus:
$40,000 $30,000
Growth through acquisitions.
Apparent Women Officers or Directors: Hot Spot for Advancement for Women/Minorities:
LOCATIONS: ("Y" = Yes) West: Y
Southwest:
Midwest:
Southeast:
Northeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
www.plunkettresearch.com
389
GOLD BANC CORP INC
www.goldbanc.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 126 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Y
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y Y Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 108
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking/Savings Associations Stock Brokerage Investment Management Trust and Insurance Agency Services
Gold Banc Corporation, Inc. is a multi-bank holding company that owns and operates several commercial banks and a federal savings bank. The banks are community-focused and provide a full range of commercial and consumer banking services to small and medium sized communities, as well as catering to metropolitan areas and their surrounding markets. Gold Banc's assets at the end of 2001 totaled $2.7 billion, with the firm serving communities throughout Kansas, Missouri, Oklahoma and Florida. The company also owns three non-bank subsidiaries, which provide securities brokerage, investment management, trust and insurance agency services. The company aims to offer its customers all the cost and time-saving advantages of the latest in banking technology, such as online banking with bill paying capabilities, 24-hour Express Phone Banking and two-way video conferencing that brings customers face-to-face with professional financial service advisors. The Gold Bank Technology Center is a modern facility that serves as a resource to the firm’s banks, providing capabilities that allow community bank staff members to focus on sales and service. CompuNet Engineering, a subsidiary based in Kansas, provides comprehensive design, installation and maintenance of computer networks and workstations. The company installs and configures hardware within the framework of the client’s applications and then provides back-up services. The subsidiary is a Novell Platinum Partner, a Microsoft Solutions Provider, a Cisco Premier Partner and an IBM Business Partner. Gold Banc recently announced plans to start two new mutual fund groups known as the Gold Bank Equity Fund and the Gold Bank Money Market Fund. Both will follow a style of value investing while investing in a broad mix of shares from various industries. Gold Banc plans to add other mutual funds to its portfolio in the future.
BRANDS/DIVISIONS/AFFILIATES: Gold Trust Company American Bank Gold Investment Advisors Provident Bank, f.s.b. Compunet Engineering Gold Merchant Bank Gold Bank Equity Fund Gold Bank Money Market Fund
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Michael W. Gullion, CEO Malcolm M. Aslin, Pres. Malcolm M. Aslin, COO Rick J. Tremblay, CFO Joseph F. Smith, Exec. VP-Chief Tech. Officer John R. Price, Exec. VP-Credit Admin. John C. Waters, Pres.-Gold Bank Kansas D. Steve Harman, Pres.-Gold Bank Oklahoma Lee R. Keith, Pres.-Provident Bank
Phone: 913-451-8050 Fax: 913-451-8004 Toll-Free: Address: 11301 Nall Avenue, Leawood, KS 66211 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $187,800 ( 9 months) 2001 Profits: $18,300 ( 9 months) 2000 Sales: $235,500 2000 Profits: $-4,500 Stock Ticker: GLDB 1999 Sales: $206,500 1999 Profits: $14,800 Employees: 937 1998 Sales: $175,200 1998 Profits: $20,700 Fiscal Year Ends: 12/31 1997 Sales: $60,300 1997 Profits: $9,874
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Y Profit Sharing: Top Exec. Salary: $350,000 Stock Purch. Plan: Second Exec. Salary: $225,000 Rapid expansion, including growth through acquisitions.
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Apparent Women Officers or Directors: Hot Spot for Advancement for Women/Minorities:
LOCATIONS: ("Y" = Yes) West:
Southwest: Y
Midwest: Y
Southeast: Y
Bonus: Bonus:
$250,000 $100,000
Northeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
390
www.plunkettresearch.com
GOLDEN STATE BANCORP INCwww.goldenstatebancorp.com Industry Group Code: 522110 Ranks within this company's industry group: Sales: 91 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Y
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 199
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y Y Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking/Savings Associations Investment Products Auto Loans Mortgage Products Commercial Real Estate
Golden State Bancorp, Inc. is a San Francisco-based holding company whose principal asset is California Federal Savings Bank (Cal Fed). Cal Fed is the nation's second largest thrift institution, California's second largest banking company and one of the leading depository institutions headquartered in California. As of September 2001, the bank had approximately $24 billion in deposits and assets of $59 billion. The company serves 1.5 million households and small business customers through more than 350 branches and over 500 automated teller machines in California and Nevada. Cal Fed is a registered broker/dealer and also provides its customers with investment products and advice through an internal network of over 1,000 financial consultants. The bank has been one of the most active users of grants in the Federal Home Loan Bank's Affordable Housing Program, supporting over 6,700 units of housing in 140 rental or home-ownership projects. Cal Fed’s subsidiaries include First Nationwide Mortgage Corporation, Auto One Acceptance Corporation and Cal Fed Investments. First Nationwide is one of the top 10 mortgage servicers in the U.S. and provides mortgage loans as well as niche products for purchasing homes and refinancing. Auto One is an indirect lending company that operates with a specific focus in the automobile industry. In recent news, Cal Fed entered into a partnership with Elan Financial Services. The goal of this new agreement is to expand the products and services available to the firm’s small business and middle market customers. The firm’s commercial credit card suite of products now includes business credit cards with an airline mileage program, corporate cards and purchasing cards. Cal Fed recently introduced equipment leasing as its latest commercial product. The firm's subsidiaries offer a wide range of benefits that include a dental plan and educational assistance for employees.
BRANDS/DIVISIONS/AFFILIATES: Cal Fed California Federal Bank Auto One Acceptance Corp. First Nationwide Mortgage Corp. Elan Financial Services
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Gerald J. Ford, CEO Carl B. Webb, Pres. Carl B. Webb, COO Richard H. Terzian, CFO Richard A. Leweke, Human Resources Christie S. Flanagen, General Counsel Janis Tarter, Media Rel. Fred Cannon, Investor Rel. Scott A. Kisting, Exec. VP-Commercial Retail Bank Walter C. Klein, Jr., Exec. VP-First Nationwide Mortgage Corp. James R. Staff, Exec. VP-Chief Financial Advisor Deborah C. Bernot, Exec. VP
Phone: 415-904-1100 Fax: 415-904-1157 Toll-Free: Address: 135 Main St., San Francisco, CA 94105 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $3,329,500 ( 9 months) 2001 Profits: $300,200 ( 9 months) 2000 Sales: $4,546,600 2000 Profits: $350,500 Stock Ticker: GSB 1999 Sales: $4,071,100 1999 Profits: $323,200 Employees: 8,446 1998 Sales: $3,026,000 1998 Profits: $248,000 Fiscal Year Ends: 12/31 1997 Sales: $2,468,000 1997 Profits: $95,000
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Y Profit Sharing: Stock Purch. Plan: Large network and market share.
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Apparent Women Officers or Directors: 12 Hot Spot for Advancement for Women/Minorities: Y
Top Exec. Salary: $1,000,000 Second Exec. Salary: $800,000
LOCATIONS: ("Y" = Yes) West: Y
Southwest:
Midwest:
Southeast:
Bonus: Bonus:
$1,840,300 $715,500
Northeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
www.plunkettresearch.com
GOLDEN WEST FINANCIAL CORP
391
www.worldsavings.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 23 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Y
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 30
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y Y Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking/Savings Associations Mortgages Mutual Funds Loans Checking Savings Annuities
Based in California, Golden West Financial Corporation operates through several subsidiaries, including The 1901 Corporation, Atlas Advisers, Inc., Atlas Assets, Inc., Atlas Securities, Inc., World Mortgage Investors, Inc., World Real Estate Investors, Inc., World Savings Bank and its principal subsidiary, World Savings and Loan Association (WSLA). The third largest thrift in the United States behind Washington Mutual and Golden State Bancorp, WSLA operates over 250 banking branches in 10 states, as well as 300 loan offices, spanning 26 states. The company's business focus is conservative, and its branches remain small. In fact, no ATMs were incorporated into WSLA's banks until 1998. In addition to banking operations, Golden West Financial Corporation provides deposit accounts, makes home loans and deals in mortgages and mutual funds. Golden West Financial Corporation offers employees health and retirement plans, free financial services and discounts to theme parks, am usement parks and other attractions. A woman is Co-CEO.
BRANDS/DIVISIONS/AFFILIATES: The 1901 Corporation Atlas Advisers, Inc. Atlas Assets, Inc. Atlas Securities, Inc. World Mortgage Investors, Inc. World Real Estate Investors, Inc. World Savings and Loan Association World Savings Bank, FSB
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Herbert M. Sandler, CEO James T. Judd, Pres./COO Russell W. Kettell, CFO Susan Lennox , Sr. VP-Human Resources Michael Roster, Corp. Sec. Michael Roster, General Counsel Russell W. Kettell, Treas. Marion O. Sandler, Co-CEO William C. Nunan, Chief Acc. Officer
Phone: 510-446-3420 Fax: 510-446-4259 Toll-Free: Address: 1901 Harrison St., Oakland, CA 94612-3588 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $3,429,600 ( 9 months) 2001 Profits: $584,800 ( 9 months) 2000 Sales: $3,957,400 2000 Profits: $545,800 Stock Ticker: GDW 1999 Sales: $2,969,100 1999 Pr ofits: $480,000 Employees: 6,103 1998 Sales: $3,100,166 1998 Profits: $434,580 Fiscal Year Ends: 12/31 1997 Sales: $2,913,765 1997 Profits: $354,138
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Profit Sharing:
Top Exec. Salary: $950,004 Bonus: $236,500 Second Exec. Salary: $720,923 Bonus: $ The World Savings subsidiary is one of the largest thrifts in the U.S. and one of the largest mortgage originators.
Apparent Women Officers or Directors: 2 Hot Spot for Advancement for Women/Minorities: Y
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
392
www.plunkettresearch.com
GOLDMAN SACHS GROUP INC
www.gs.com
Industry Group Code: 523110 Ranks within this company's industry group: Sales: 26 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Y Y Y Y
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 23
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing: Y
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Investment Banking Stock Brokerage Financial Services Asset Management Investment Banking Securities Services
Goldman Sachs Group, Inc. is one of the most prestigious investment banking firms on Wall Street. When the company went public in 1999, the last major firm of its kind to do so, it was oversubscribed by eight times and was able to choose its own investors. The firm’s mergers and acquisitions department and its equity-financing services are its best-known divisions, but trading operations still make up the largest percentage of the company’s revenues (over 40%). Other services offered by Goldman Sachs include pension services, investment management and information technology. The company is a truly global firm, as it has assisted in the merger of Germany’s Daimler-Benz with Chrysler and was hired to restructure the debts of South Korea. Goldman Sachs recently acquired Epoch Partners, Inc., enabling it to distribute equity offerings to Charles Schwab and Co.’s and TD Waterhouse Group’s customers. Having successfully launched Golden Sachs PrimeAccess program in Europe, the firm followed suit in the United States, providing partner firms with North American investment research. In recent years, Goldman Sachs has concentrated much of its expansion on the Internet. The company joined PaineWebber and Spear, Leeds and Kellogg in forming BondDesk.com, which provides software to drive electronic trading platforms through brokerage firms’ Internet applications. The firm is currently lobbying for a national central computer system that would collect all stock orders. Such a system would drastically reduce the transaction costs involved in trading stocks. Golden Sachs Group has a career development theme called Minds Wide Open. It actively recruits employees around the world with advanced or college degrees. The interview processes are slightly more intensive than most, but provide access to world-wide opportunities for this premiere investment banking firm. The firm gave $10 million to relief efforts for the nearby World Trade Center after terrorist attacks. Goldman Sachs also offered employees counseling.
BRANDS/DIVISIONS/AFFILIATES: Spear, Leeds and Kellogg The Hull Group J. Aron Holdings BondDesk.com Epoch Partners, Inc. Golden Sachs PrimeAccess
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Harry M. Paulson, Jr., CEO John A. Thain, Pres./Co-COO John L. Thornton, Pres./Co-COO David A. Viniar, Exec. VP/CFO Bruce Larson, VP-Personnel Gregory K. Palm, Exec. VP/General Counsel Barry L. Zubrow , Exec. VP/Chief Admin. Officer Leslie C. Tortora, CIO
Phone: 212-902-1000 Fax: 212-902-3000 Toll-Free: Address: 85 Broad St., New York, NY 10004 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $25,020,000 ( 9 months) 2001 Profits: $1,813,000 ( 9 months) 2000 Sales: $33,000,000 2000 Profits: $3,067,000 Stock Ticker: GS 1999 Sales: $25,363,000 1999 Profits: $2,708,000 Employees: 22,627 1998 Sales: $22,478,000 1998 Profits: $2,428,000 Fiscal Year Ends: 11/30 1997 Sales: $20,433,000 1997 Profits: $2,746,000
SALARIES/BENEFITS: Pension Plan: Y Savings Plan:
ESOP Stock Plan: Y Profit Sharing: Top Exec. Salary: $600,000 Stock Purch. Plan: Second Exec. Salary: $ Highly successful public offering of its own stock in 1999.
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Apparent Women Officers or Directors: 2 Hot Spot for Advancement for Women/Minorities: Y
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Bonus: Bonus:
$14,056,600 $12,097,300
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International: Y
www.plunkettresearch.com
393
GREAT AMERICAN BANCORP
www.356bank.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 4 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Y
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 4
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y Y Y Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking/Savings Associations Mortgages Stock Brokerage Insurance
Great American Bancorp is based in east central Illinois and is the parent company of First Federal Savings Bank of Champaign-Urbana. Targeting individuals and local businesses, First Federal provides retail banking services such as deposit and money market accounts for residents and small businesses surrounding its branch offices. Lending activities consist primarily of mortgages as well as commercial real estate, construction, commercial and consumer loans. The company places a particular emphasis on one- to four-family residential mortgage loans. First Federal originates commercial real estate loans that are generally secured by properties used primarily for business purposes such as small office buildings or a combination of residential and retail facilities. The bank’s primary market areas include the University of Illinois, medical and health care related businesses, a major food processing operation and agriculture. First Federal offers 24-hour telephone banking for its customers. In addition to its lending activities, the company invests in U.S. Treasury and Agency, local municipal and mortgage-backed securities. Great American’s subsidiary, Park Avenue Service Corporation, offers insurance and brokerage services to customers primarily located in Champaign County, Illinois. GTPS, Insurance Agency, a division of PASC, sells a variety of insurance products, including life, health, auto, property and casualty insurance.
BRANDS/DIVISIONS/AFFILIATES: First Federal Savings Bank of Champaign-Urbana Park Avenue Service Corporation Scout Brokerage Services, Inc. GTPS Insurance Agency
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. George R. Rouse, CEO George R. Rouse, Pres. Jane Adams , CFO Jane Adams , Corp. Sec. Jane Adams , Treas. Melinda K. Waller, Sr. VP-Deposit Acquisitions Paul D. Wilson, Sr. VP-Lending
Phone: 217-356-2265 Fax: 217-356-2502 Toll-Free: Address: 1311 South Neil Street, Champaign, IL 61820 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $10,400 ( 9 months) 2001 Profits: $ 900 ( 9 months) 2000 Sales: $13,000 2000 Profits: $1,000 Stock Ticker: GTPS 1999 Sales: $12,500 1999 Profits: $ 600 Employees: 88 1998 Sales: $12,300 1998 Profits: $ 800 Fiscal Year Ends: 12/31 1997 Sales: $11,000 1997 Profits: $ 900
SALARIES/BENEFITS: Pension Plan: Y Savings Plan:
ESOP Stock Plan: Y Profit Sharing: Stock Purch. Plan: Expansion into insurance produc ts.
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Apparent Women Officers or Directors: 2 Hot Spot for Advancement for Women/Minorities: Y
Top Exec. Salary: $178,800 Second Exec. Salary: $
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest: Y
Southeast:
Bonus: Bonus:
$7,740 $
Northeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
394
www.plunkettresearch.com
GREAT AMERICAN FINANCIAL RESOURCES INC www.aagcorp.com Industry Group Code: 524113 Ranks within this company's industry group: Sales: 204 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Y Y
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 194
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Insurance Company-Underwriting Disability Insurance Life Insurance Annuities Supplemental Health Insurance
Great American Financial Resources, Inc. (GAFRI), formerly American Annuity Group, Inc., markets retirement products, individual life insurance and annuity policies, as well as various forms of supplemental life and health insurance through its subsidiaries. The company’s primary focus has traditionally been the retirement savings market. However, through acquisitions and internal development, GAFRI has expanded its product and service lines to the pre-need funding and life and supplemental health markets. The company’s annuities for savings and retirement are marketed through its Great American Life Insurance Company (GALIC) subsidiary primarily to employees of educational institutions and hospitals. GAFRI’s American Memorial Life Insurance Company offers a variety of life insurance and annuity products to finance pre-arranged funerals. The firm's Loyal American Life Insurance Company and GALIC’s life division offer whole life, universal life, term life, hospital indemnity, dread disease and short-term disability products that are payable through credit unions and payroll deductions. Through subsidiary companies, GAFRI markets traditional fixed, equity-indexed and variable annuities and a variety of life, supplemental health and long-term care insurance. In recent news, increases in sales of traditional fixed annuities, coupled with the acquisition of various accident and health insurance business, have led to a rise in statutory premiums. These increases have been large enough to offset a decrease in the sale of variable annuities due to the current volatility equity markets are experiencing. The company follows a business casual dress code. The firm also offers employees a wellness program that includes health club membership discounts. Additionally, employees are offered educational financial assistance, commuter discounts and bus passes, dental and vision care and flexible work schedules.
BRANDS/DIVISIONS/AFFILIATES: Great American Life Insurance Company American Memorial Life Insurance Company Retirement Resource Group, Inc. Loyal American Life Insurance Company Annuity Investors Life Insurance Company Lifestyle Financial Investments, Inc. American Financial Group Old Republic Life Insurance Company of New York
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. S. Craig Linder, CEO S. Craig Linder, Pres. Charles R. Scheper, COO William J. Maney, CFO Bonnie L. Johnson, Sr. VP-Chief People Officer Christopher P. Miliano, VP-Controller/Asst. Treas. Mark F. Muething, Corp. Sec. Mark F. Muething, General Counsel William J. Maney, Treas. David B. Rich, Group Pres. John B. Berding, Exec. VP James E. Moffet, COO-Voluntary Benefits Michael J. Prager, Corp. Actuary
Phone: 513-333-5300 Fax: 513-357-3399 Toll-Free: 800-854-3649 Address: 250 E. Fifth St., Cincinnati, OH 45202 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note : Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $635,900 ( 9 months) 2001 Profits: $36,400 ( 9 months) 2000 Sales: $824,300 2000 Profits: $54,700 Stock Ticker: GFR 1999 Sales: $661,500 1999 Profits: $58,800 Employees: 1,900 1998 Sales: $746,400 1998 Profits: $96,700 Fiscal Year Ends: 12/31 1997 Sales: $636,300 1997 Profits: $69,900
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Y Profit Sharing: Top Exec. Salary: $447,693 Stock Purch. Plan: Y Second Exec. Salary: $446,366 Focus on retirement products and supplemental insurance.
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Bonus: Bonus:
$225,000 $100,000
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International: Y
www.plunkettresearch.com
395
GREAT SOUTHERN BANCORP www.greatsouthernbank.com Industry Group Code: 522110 Ranks within this company's industry group: Sales: 55 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 49
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking/Savings Association Travel Services Insurance
Great Southern Bancorp is the bank holding company of Great Southern Bank. The company is a unitary savings and loan holding company with 27 branches located in southwestern and central Missouri. The bank holding company structure provides the company with greater flexibility to expand the size and scope of the financial services offered beyond those offered by the bank. Great Southern is principally engaged in the business of originating residential and commercial real estate loans, commercial business and consumer loans and funding these loans through attracting deposits from the general public, originating brokered deposits and borrowing from the Federal Home Loan Bank and others. The bank's branches and ATMs support deposit and lending activities throughout its primary market areas. Through subsidiaries of the bank, Great Southern Financial Corporation (GSFC) offers insurance, appraisal, travel, discount brokerage and related services. Appraisal Services, Inc., a wholly-owned subsidiary of GSFC, performs residential real estate appraisals for a number of clients, the majority of which is for the bank and its loan customers. Great Southern Insurance, a division of GSFC, acts as a general property, casualty and life insurance agency. Great Southern Travel, also a division of GSFC, with 26 full-time locations and some part-time locations, is the largest travel agency based in southwestern Missouri and estimated to be in the top 5% of travel agencies nationwide. Great Southern Capital Management offers a full line of financial consultation, investment counseling and discount brokerage services.
BRANDS/DIVISIONS/AFFILIATES: Great Southern Bancorp, Inc. Great Southern Bank Appraisal Services, Inc. Great Southern Insurance Great Southern Travel Great Southern Capital Management Great Southern Financial
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Joseph W. Turner, CEO Joseph W. Turner, Pres. Rex A. Copeland, CFO Larry A. Larimore, Corp. Sec. Doug W. Marrs, VP-Oper. Rex A. Copeland, Treas. Steven G. Mitchem, Chief Lending Officer Larry A. Larimore, Chief Compliance Officer
Phone: 417-887-4400 Fax: 417-895-4517 Toll-Free: 800-749-7113 Address: 1451 E. Battlefield, Springfield, MO 65804 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $81,800 ( 9 months) 2001 Profits: $14,100 ( 9 months) 2000 Sales: $101,100 2000 Profits: $15,500 Stock Ticker: GSBC 1999 Sales: $83,400 1999 Profits: $13,677 Employees: 540 1998 Sales: $40,400 1998 Profits: $7,358 Fiscal Year Ends: 12/31 1997 Sales: $75,700 1997 Profits: $14,400
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Profit Sharing:
Top Exec. Salary: $226,494 Second Exec. Salary: $179,714 Diversified services include travel agencies and insurance/High profits.
Apparent Women Officers or Directors: Hot Spot for Advancement for Women/Minorities: Y
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest: Y
Southeast:
Bonus: Bonus:
$120,000 $120,000
Northeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
396
www.plunkettresearch.com
GREENPOINT FINANCIAL CORP
www.greenpoint.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 122 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 101
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking/Savings Associations Mortgages Mortgage-Backed Securities Special Lending Programs Manufactured Housing Loans
GreenPoint Financial Corp. is a leading national specialty finance company with three principal subsidiaries: GreenPoint Mortgage (GPM), GreenPoint Credit (GPC) and GreenPoint Bank. GreenPoint Mortgage Corp. is a national mortgage banking company headquartered in Charlotte, North Carolina. This company specializes in non-conforming residential mortgages, including nodocumentation and Alternative A mortgage loans. GPM originates mortgage loans primarily through a network of mortgage brokers, mortgage bankers, attorneys and other real estate professionals. GPM recently has been working on expanding its online capabilities, including the releases of an online customer service center and online loan monitoring tool named Pipeline Manager. GPC is one of the largest lenders nationally in the manufactured housing finance industry. It principally engages in the origination, sale and servicing of manufactured housing loans. GreenPoint Bank, a New York State chartered savings bank, holds over $11 billion in deposits. The bank operates 74 branches serving more than 400,000 households throughout the New York City metropolitan area. The bank’s branches offer a number of financial services including traditional savings and checking accounts, mutual funds, home equity loans , life insurance, online and telephone banking and student loans. GreenPoint Community Development Corp. is the for-profit community development subsidiary that primarily focuses on special lending programs, development opportunities and assistance, consulting and other activities that provide greater access to affordable housing for low and moderate-income families.
BRANDS/DIVISIONS/AFFILIATES: GreenPoint Mortgage Corp. GreenPoint Community Development Consumer Branch Network GreenPoint Bank GreenPoint Credit Corp. Pipeline Manager
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Thomas S. Johnson, CEO Bharat B. Bhatt, Pres. Bharat B. Bhatt, COO Jeffrey R. Leeds, CFO Mary M. Massimo, Sr. VP-Human Resources Kevin Stein, Sr. VP/CIO Howard C. Bluver, Corp. Sec. Howard C. Bluver, General Counsel Jean C. Bingham, Exec. VP-Risk Mgmt. Charles P. Richardson, COO, GreenPoint Credit Ramesh Shah, Exec. VP-Consumer Banking S.A. Ibrahim, CEO/Pres., GreenPoint Mortgage
Phone: 212-834-1000 Fax: 212-834-1403 Toll-Free: 800-554-7336 Address: 90 Park Ave., New York, NY 10016-1303 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $1,402,000 ( 9 months) 2001 Profits: $267,000 ( 9 months) 2000 Sales: $1,510,700 2000 Profits: $213,100 Stock Ticker: GPT 1999 Sales: $1,482,500 1999 Profits: $215,500 Employees: 3,909 1998 Sales: $1,061,900 1998 Profits: $149,500 Fiscal Year Ends: 12/31 1997 Sales: $1,028,900 1997 Profits: $147,600
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Y Profit Sharing: Top Exec. Salary: $750,000 Bonus: $450,000 Stock Purch. Plan: Second Exec. Salary: $500,000 Bonus: $220,000 Largest thrift deposit franchise in New York/Specialty mortgage products, including no-documentation mortgages.
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midw est: Y
Southeast: Y
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
www.plunkettresearch.com
397
GUARANTY FEDERAL BANCSHARES INC Industry Group Code: 522110 Ranks within this company's industry group: Sales: 45 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
www.gfed.com
Profits: 40
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking/Savings Associations Mortgages Insurance Annuities Mutual Funds Brokerage
Guaranty Federal Bancshares, Inc. is the holding company of Guaranty Federal Savings Bank. The bank's principal business consists of attracting deposits from the general public and using such deposits to originate mortgage loans secured by one- to four-family residences and multi -family, construction, commercial real estate, consumer and business loans. The bank offers a wide variety of deposit accounts, including fixed-term certificates, passbook savings, money market, individual retirement accounts (IRAs) and NOW checking accounts. Customers of the bank can access their accounts 24 hours a day, 7 days a week, through the company’s telephone and online banking services. Guaranty Federal is primarily engaged in providing a full range of banking and mortgage services to individual and corporate customers in southwestern Missouri. The bank operates its main office and three branch offices in Springfield, Missouri. In addition, the company operates one branch office inside a Wal-Mart Supercenter in Nixa, Missouri. Guaranty also owns and operates a network of 19 ATMs located around its primary market areas. The bank's subsidiary, Guaranty Financial Services of Springfield, Inc., markets other financial products and services, such as insurance, individual stocks and bonds, annuities and mutual funds. Guaranty Financial also acts as a real estate broker for the bank, and sells property and casualty insurance through an agreement with American National Property and Casualty, a Springfield-based insurance company.
BRANDS/DIVISIONS/AFFILIATES: Guaranty Federal Savings Bank Guaranty Financial Services of Springfield, Inc. American National Property and Casualty
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. James E. Haseltine, CEO James E. Haseltine, Pres. William B. Williams , COO Bruce Winston, CFO
Phone: 417-520-4333 Fax: 417-520-3607 Toll-Free: Address: 1341 West Battlefield, Springfield, MO 65807 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 12 months. 2001 Sales: $29,300 (12 months) 2001 Profits: $3,200 (12 months) 2000 Sales: $25,000 2000 Profits: $3,500 Stock Ticker: GFED 1999 Sales: $22,000 1999 Profits: $3,400 Employees: 116 1998 Sales: $18,200 1998 Profits: $2,800 Fiscal Year Ends: 6/30 1997 Sales: $15,200 1997 Profits: $1,200
SALARIES/BENEFITS: Pension Plan: Savings Plan:
ESOP Stock Plan: Y Profit Sharing: Top Exec. Salary: $116,623 Stock Purch. Plan: Second Exec. Salary: $ Small, community-focused company.
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
LOCATIONS: ("Y" = Yes) West:
Southwes t:
Midwest: Y
Southeast:
Bonus: Bonus:
$ $
Northeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
398
www.plunkettresearch.com
GUARDIAN LIFE INSURANCE COMPANY OF AMERICA www.glic.com Industry Group Code: 524113 Ranks within this company's industry group: Sales: 181 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Y Y
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 163
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Insurance Company-Underwriting Investment Management/Mutual Funds Employee Benefit Plans
Guardian Life Insurance Company of America is one of the largest mutual life insurance companies in the U.S. The firm offers a diversified portfolio of financial services, including life and disability income insurance, pension and retirement planning, estate planning and investment products such as mutual funds and variable annuities. The company and its subsidiaries provide its financial services to nearly 3 million people through operations in all 50 states, the District of Columbia and Puerto Rico. The company also provides employee benefits programs, including health, dental, and life insurance and 401 (k) plans, which cover nearly 5 million employees and their dependents. Guardian’s broad array of investment products includes variable annuities, mutual funds, stocks, bonds and variable life insurance. The company provides financial services to its customers through several web sites. With Guardian’s benefits web site, employees can find out how much optional coverage will cost. Its Virtual Employee Benefits Center (VEBC) on the Web lets employees find out how much optional life, disability and dental insurance will cost them per paycheck. They can price various coverage levels to choose benefits that meet their needs. The VEBC also features a directory of health care providers --doctors and dentists who are in The Guardian's preferred provider organization. Guardian recently launched a redesigned group pensions web site, which features enhanced planning tools for retirement plan participants.
BRANDS/DIVISIONS/AFFILIATES: First Commonwealth, Inc. Guardian Asset Management Corp. Guardian Investor Services Corporation Guardian Reinsurance Services Corporation The Guardian Trust Company Innovative Underwriters Park Avenue Securities Park Avenue Life Insurance Company
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Joseph D. Sargent, CEO Joseph D. Sargent, Pres. Dennis J. Manning, COO Peter L. Hutchings, CFO Amy S. Oshinsky , VP-Strategic Mktg. & Planning Philip S. Felice, VP-IT/CIO Gary B. Lenderink, Exec. VP-Corp. Admin. Stuart J. Shaw , VP-Bus. Dev. Geraldine A. O'Brien, VP-Corp. Comm. Frank J. Jones, Chief Investment Officer Armand M. dePalo, Chief Actuary Bruce C. Long, Exec. VP-Equity Products Gary B. Lenderink, Exec. VP-Group Insurance & Pensions
Phone: 212-598-8000 Fax: 212-919-2170 Toll-Free: Address: 7 Hanover Sq., New York, NY 10004-2616 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results w ere not available for all companies at press time. For this company, yr. 2001 is for months. 2001 Sales: $ ( months) 2001 Profits: $ ( months) 2000 Sales: $6,568,600 2000 Profits: $563,200 Stock Ticker: Mutual Company 1999 Sales: $6,282,900 1999 Profits: $324,500 Employees: 6,000 1998 Sales: $8,498,700 1998 Profits: $160,400 Fiscal Year Ends: 12/31 1997 Sales: $7,179,800 1997 Profits: $299,300
SALARIES/BENEFITS: Pension Plan: Savings Plan:
ESOP Stock Plan: Stock Purch. Plan:
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Profit Sharing:
Top Exec. Salary: $ Second Exec. Salary: $ Comprehensive web site/Offers variety of services.
Apparent Women Officers or Directors: 2 Hot Spot for Advancement for Women/Minorities: Y
LOCATIONS: ("Y" = Yes) West: Y
Southw est: Y
Midwest: Y
Bonus: Bonus:
Southeast: Y
$ $
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International: Y
www.plunkettresearch.com
399
H & R BLOCK INC
www.hrblock.com
Industry Group Code: 541213 Ranks within this company's industry group: Sales: 28 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 23
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Y Y Y
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Tax Return Preparation Services Electronic Filing of Tax Returns Technology-Driven Financial Services Mortgage Operations Investment Services Accounting Services
Kansas City, Missouri-based H&R Block, Inc. is North America's leading tax preparation company, serving about 14% of U.S. taxpayers. In 2000, the company served more than 20 million taxpayers in a total of 10,000 offices in the U.S., Canada and Australia. The firm also prepares taxes and provides refund anticipation loans in the U.K. H&R Block is expanding its financial services portfolio to decrease its dependency on the April 15 deadline. The company bought top-10 U.S. accounting firm McGladrey & Pullen, which it combined with its HRB Business Services subsidiary to create RSM McGladrey as part of a strategy to build a national accounting practice serving mid-sized companies. HRB also acquired Assurance Mortgage Corporation of America, which is now H&R Block Mortgage Corporation, a company engaged in the origination and sale of conventional mortgage loans. H&R Block recently entered into an exclusive, multi-year alliance with AOL Time Warner, enabling the firm to be the preferred tax service provider across several AOL brands as well as launching marketing across AOL Time Warner media holdings. Part of the alliance will result in the creation of AOL’s Online Tax Center. The company is also increasing the number of its H&R Block Financial Centers, which offer tax preparation, financial planning, investment advice and home mortgages. The company is moving into brokerage services as well. H&R Block has two types of franchises: the 10,000-plus franchised offices are either major franchisees, which cover large cities and counties, or satellite franchisees located in less populated areas. Block Financial Corporation, which will remain with H&R Block, was formed to provide complimentary financial services to tax clients and is being positioned to serve an even broader customer base. Recent developments for Block Financial includes restructuring that resulted in the sale of MECA Software, which produces the Managing Your Money program. The company provides employees with medical, dental and vision coverage, as well as tuition assistance and discounted tax preparation.
BRANDS/DIVISIONS/AFFILIATES: H&R Block Tax Services, Inc. Block Financial Corporation Assurance Mortgage Corporation of America Option One Mortgage Corporation H&R Block Financial Advisors Companion Insurance Corporation Block Financial Executives Services Corp. RSM McGladrey, Inc.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Mark A. Ernst, CEO Mark A. Ernst, Pres. Frank J. Cotroneo, Sr. VP/CFO David F. Byers, Sr. VP/Chief Mktg. Officer Stephanie Otto, VP-Human Resources Cheryl L. Givens, VP/Controller James H. Ingraham, VP/Legal Bret G. Wilson, VP-Corp. Dev. Linda M. McDougall, VP- Comm. Brian N. Schell, VP/Treas. Robert A. Weinberger, VP-Government Relations
Phone: 816-753-6900 Fax: 816-753-5346 Toll-Free: 800-829-7733 Address: 4400 Main St., Kansas City, MO 64111-1812 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 12 months. 2001 Sales: $3,001,600 (12 months) 2001 Profits: $281,200 (12 months) 2000 Sales: $2,451,900 2000 Profits: $251,900 Stock Ticker: HRB 1999 Sales: $1,644,700 1999 Profits: $215,400 Employees: 99,400 1998 Sales: $1,270,000 1998 Profits: $392,100 Fiscal Year Ends: 4/30 1997 Sales: $1,066,400 1997 Profits: $47,800
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Y Profit Sharing: Y Top Exec. Salary: $645,833 Stock Purch. Plan: Second Exec. Salary: $475,909 Name recognition/Prepares 15% of all U.S. individual tax returns.
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Apparent Women Officers or Directors: 3 Hot Spot for Advancement for Women/Minorities: Y
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Bonus: Bonus:
$286,557 $240,287
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International: Y
400
www.plunkettresearch.com
HALLMARK FINANCIAL SERVICES INC www.hallmarkgrp.com Industry Group Code: 524113 Ranks within this company's industry group: Sales: 1 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 1
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Insurance Company-Underwriting Property and Casualty Insurance Consumer Finance
Hallmark Financial Services, Inc. is primarily engaged in the sale of non-standard automobile insurance products on credit terms, primarily to lower and middle income customers. The company's target market encompasses the substantial number of Americans who either are denied credit from banks, credit card companies and other conventional credit sources, or have never established a bank account or credit history. The firm offers both liability and physical damage (comprehensive and collision) coverage. Hallmark primarily writes annual, monthly and six-month policies. In addition, the company provides feebased claims adjusting and related services for affiliates and third parties. Hallmark conducts its business in the state of Texas, distributing its products through an integrated insurance group. This group is composed of a property and casualty insurance company, a managing general agency, a network of affiliated insurance agencies, a premium finance and claims handling and adjusting company and more than 600 independent agents. Hallmark subsidiaries include American Hallmark Insurance Company of Texas, American Hallmark General Agency, Inc., American Hallmark Agencies, Hallmark Finance Corporation (HFC) and Hallmark Claims Service, Inc. (HCS). HFC offers premium financing for policies sold by Hallmark agencies and independent agents. HCS provides fee-based claims adjustment, salvage and subrogation recovery and litigation services to Hallmark and unaffiliated managing general agencies.
BRANDS/DIVISIONS/AFFILIATES: American Hallmark Insurance Company of Texas American Hallmark General Agency, Inc. American Hallmark Agencies Hallmark Finance Corporation Hallmark Claims Service, Inc. State & County Mutual Fire Insurance Company
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Linda H. Sleeper, CEO Linda H. Sleeper, Pres. Johnny J. DePuma, CFO Raymond A. Kilgore, Corp. Sec.
Phone: 972-404-1637 Fax: 972-788-0520 Toll-Free: Address: 14651 Dallas Parkway, Ste. 900, Dallas , TX 75240 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $17,200 ( 9 months) 2001 Profits: $- 900 ( 9 months) 2000 Sales: $23,900 2000 Profits: $- 200 Stock Ticker: HAF 1999 Sales: $19,200 1999 Profits: $ 800 Employees: 144 1998 Sales: $16,600 1998 Profits: $ Fiscal Year Ends: 12/31 1997 Sales: $15,900 1997 Profits: $- 500
SALARIES/BENEFITS: Pension Plan: Savings Plan:
ESOP Stock Plan: Stock Purch. Plan:
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Top Exec. Salary: $252,495 Second Exec. Salary: $176,923 Focus on below -average credit customers.
Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
Profit Sharing:
LOCATIONS: ("Y" = Yes) West:
Southwest: Y
Midwest:
Southeast:
Bonus: Bonus:
$28,000 $30,000
Northeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
www.plunkettresearch.com
HAMILTON BANCORP INC
www.hamiltonbank.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 112 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
401 Profits: 94
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Financing-Global Trade Mortgages Foreign Exchange Services Pre-Export Financing
Hamilton Bancorp, Inc., through its subsidiary, Hamilton Bank, is engaged in providing global trade finance with particular emphasis on trade with and between South America, Central America and the Caribbean and the United States. Trade finance provides the company with the opportunity for substantial growth, with moderate credit risk. The bank is the only domestic financial institution in Florida focusing primarily on financing foreign trade. The firm’s portfolio of global trade finance products includes letters of credit, pre-export financing, foreign exchange to complex commodities and structured finance transactions. Hamilton has relationships with approximately 500 correspondent banks and with importers and exporters in the United States and South America, Central America and the Caribbean. The company operates in most major countries throughout South America, Central America and the Caribbean and has been particularly active in several smaller markets such as Guatemala, Ecuador, Panama and Peru. To enhance its position in certain markets, Hamilton has made minority investments in indigenous financial institutions in Guyana, El Salvador and Nicaragua. The bank's loan portfolio consists of mostly short-term, trade-related loans and approximately 75% are loans to non-U.S. borrowers. The company is planning to expand into Asia and larger Latin American markets. Hamilton Bank operates through nine branches in Florida and two in Puerto Rico.
BRANDS/DIVISIONS/AFFILIATES: Hamilton Bank
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Eduardo A. Masferrer, CEO J. Carlos Bernace, Pres. Tim L. Harris, CFO Reid Bingham, General Counsel Luis Entenberg, Sr. VP-Correspondent Banking Adolfo Martinez, Exec. VP Antonio Arbulu, Sr. VP
Phone: 305-717-5500 Fax: 305-717-5631 Toll-Free: Address: 3750 N.W. 87th Avenue, Miami, FL 33178 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $98,500 ( 9 months) 2001 Profits: $-28,400 ( 9 months) 2000 Sales: $170,400 2000 Profits: $-5,200 Stock Ticker: HABK 1999 Sales: $154,700 1999 Profits: $18,400 Employees: 272 1998 Sales: $141,900 1998 Profits: $21,799 Fiscal Year Ends: 12/31 1997 Sales: $99,600 1997 Profits: $15,903
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Profit Sharing:
Top Exec. Salary: $896,210 Second Exec. Salary: $242,000 Focus on trade finance in Latin America.
Apparent Women Officers or Directors: Hot Spot for Advancement for Women/Minorities: Y
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Southeast: Y
Bonus: Bonus:
$ $
Northeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International: Y
402
www.plunkettresearch.com
HARBOR FLORIDA BANCSHARES INCwww.harborfederal.com Industry Group Code: 522110 Ranks within this company's industry group: Sales: 105 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 200
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y Y Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEAT URES:
TYPES OF BUSINESS: Banking/Savings Association Mortgages Commercial and Consumer Loans Online Banking Services
Harbor Florida Bancshares, Inc. is the holding company for Harbor Federal Savings Bank, headquartered in Fort Pierce County. Harbor Federal is a community-oriented financial institution, offering deposit, consumer, mortgage and commercial loan products to a population of over 1.3 million, in a six county market area. The firm’s target market is characterized by both a large retirement and vacation home population and a significant agricultural economy. The bank is principally engaged in the business of attracting deposits from the communities it serves and using these and other funds to originate primarily one-tofour family mortgage loans. Other loan products include construction, consumer installment, commercial real estate and commercial business loans. Currently, the bank operates 31 full-service banking offices, one loan production office and one in-store branch location. Harbor Federal is one of the largest independent financial institutions based in Florida. The company recently began offering Internet banking services to its customers. This online banking service gives customers the opportunity to access their accounts around the clock. Customers can engage in a number of transactions, including transferring funds between Harbor Federal accounts, paying their bills, balancing checkbooks and reviewing transaction history.
BRANDS/DIVISIONS/AFFILIATES: Harbor Federal Savings Bank Treasure Coast Bank, FSB
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Michael J. Brown, Sr., CEO Michael J. Brown, Sr., Pres. Don W. Bebber, CFO Hal J. Roberts, Sr. VP-Mktg. Hal J. Roberts, Dir.-Human Resources Albert L. Fort, Sr. VP-Oper. David C. Hankle, Sr. VP-Credit Admin./Commercial Lending
Phone: 561-461-2414 Fax: 561-460-7001 Toll-Free: 800-226-4375 Address: 100 South Second Street, Fort Pierce, FL 34950 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 12 months. 2001 Sales: $138,400 (12 months) 2001 Profits: $24,100 (12 months) 2000 Sales: $120,200 2000 Profits: $21,700 Stock Ticker: HARB 1999 Sales: $109,900 1999 Profits: $21,200 Employees: 505 1998 Sales: $101,100 1998 Profits: $17,400 Fiscal Year Ends: 9/30 1997 Sales: $89,000 1997 Profits: $13,300
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Profit Sharing: Y
Top Exec. Salary: $284,270 Second Exec. Salary: $141,003
Bonus: Bonus:
$ $
Steady growth/Very high profit ratio.
Apparent Women Officers or Directors: Hot Spot for Advancement for Women/Minorities:
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Southeast: Y
Northeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
www.plunkettresearch.com
HARLEYSVILLE GROUP INC
www.harleysvillegroup.com
Industry Group Code: 524113 Ranks within this company's industry group: Sales: 114 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
403 Profits: 94
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Insurance Company-Underwriting Property and Casualty Insurance
Harleysville Group, Inc. is a regional insurance holding company headquartered in Pennsylvania that engages, through its subsidiaries, in the property and casualty insurance business. The company is partially owned by Harleysville Mutual Insurance Company. Harleysville Group and the mutual company operate together as a network of regional insurance companies that underwrite a broad line of personal and commercial coverages. In personal lines, the company offers a broad range of products, including auto, homeowners, dwelling fire, personal excess and pleasure craft insurance. The firm’s insurance coverages are marketed in 32 states in the eastern and mid-western United States through approximately 3,000 insurance agencies. Harleysville primarily sells its insurance products to small and medium sized businesses. The company recently began marketing customized insurance products for a diversified array of markets such as contractors, funeral directors, barbers, dentists and attorneys. Harleysville also recently consolidated all of its individual subsidiaries under the Harleysville name in order to unify the company brand as well as position itself more prominently in the small commercial marketplace. The firm plans to increase its market share in existing markets through regional expansion programs that focus on: acquisitions, start-up operations and internal growth. Harleysville has been named one of the 100 best places for IT professionals to work in the United States by Computerworld magazine.
BRANDS/DIVISIONS/AFFILIATES: Harleysville Lake States Insurance Harleysville Insurance Company of Ohio Mid-America Insurance Company Harleysville Pennland Insurance Company Harleysville Worcester Insurance Company Harleysville Preferred Insurance Company Harleysville Insurance Company of New York Harleysville Mutual Insurance Company
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Walter R. Bateman II, CEO Walter R. Bateman II, Pres. Bruce J. Magee, CFO Timothy M. O'Malley, Sr. VP-Mktg. Catherine B. Strauss, Sr. VP-Human Resources E. Wayne Ratz, CIO Roger A. Brown, Corp. Sec. Roger A. Brown, General Counsel M. Lee Patkus, Exec. VP-Field Oper. Mark R. Cummins, Treas. J. Richard Dowd, Sr. VP-Personal Lines David K. Bond, Sr. VP-Commericial Lines Robert G. Whitlock Jr., Chief Actuary Mark R. Cummins, Chief Investment Officer
Phone: 215-256-5000 Fax: 215-256-5799 Toll-Free: 800-523-8344 Address: 355 Maple Ave., Harleysville, PA 19438-2297 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $609,500 ( 9 months) 2001 Profits: $28,600 ( 9 months) 2000 Sales: $802,600 2000 Profits: $48,700 Stock Ticker: HGIC 1999 Sales: $824,800 1999 Profits: $39,900 Employees: 2,533 1998 Sales: $779,311 1998 Profits: $63,413 Fiscal Year Ends: 12/31 1997 Sales: $724,179 1997 Profits: $54,072
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Profit Sharing: Top Exec. Salary: $499,200 Stock Purch. Plan: Y Second Exec. Salary: $272,300 Continues to expand, most recently in the Midwest and Midsouth.
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
LOCATIONS: ("Y" = Yes) West:
Southwest: Y
Midwest: Y
Southeast: Y
Bonus: Bonus:
$145,492 $73,030
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
404
www.plunkettresearch.com
HARLEYSVILLE SAVINGS BANK
www.harl.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 57 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 54
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking/Savings Associations Online Services Mortgages
Harleysville Savings Bank, headquartered in Harleysville, Pennsylvania, attracts deposits from the general public through a variety of deposit programs and invests these deposits in first mortgage loans secured by residential properties in the is primary market area. The company is a subsidiary of Harleysville Savings Financial Corporation. Harleysville provides a broad array of financial products, including checking and savings accounts, home equity loans, consumer loans, mortgages, mutual funds and annuities. The bank has recently concentrated on the origination of a variety of consumer loans, which include home equity, student, vehicle and personal loans. Harleysville Savings Bank also originates construction loans primarily on residential properties. In addition, the firm provides a number of specialty services to its customers, including telephone and online banking, electronic bill paying and safe deposit boxes. Harleysville operates a network of 16 ATMs conveniently located throughout its market areas. Customers of the bank can also sign up for the Open Community Network (OCN), where members can shop at a variety of e-commerce web sites using one sign-on, one shopping cart and one checkout. Harleysville recently extended OCN’s capabilities to include online stock trading.
BRANDS/DIVISIONS/AFFILIATES: Harleysville Savings Financial Corporation
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Edward J. Molnar, CEO Edward J. Molnar, Pres. Ronald B. Geib, COO Brendan J. McGill, CFO Marian Bickerstaff, Chief Lending Officer
Phone: 215-256-8828 Fax: 215-513-9393 Toll-Free: 800-243-8700 Address: 271 Main Street, Harleysville, PA 19438-2495 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 12 months. 2001 Sales: $37,600 (12 months) 2001 Profits: $3,900 (12 months) 2000 Sales: $33,700 2000 Profits: $3,900 Stock Ticker: HARL 1999 Sales: $30,200 1999 Profits: $3,500 Employees: 82 1998 Sales: $27,129 1998 Profits: $3,481 Fiscal Year Ends: 9/30 1997 Sales: $24,485 1997 Profits: $3,414
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Y Profit Sharing: Y Top Exec. Salary: $175,712 Stock Purch. Plan: Second Exec. Salary: $116,554 Community-oriented/Offers technology-based convenience.
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Southeast:
Bonus: Bonus:
$40,784 $27,053
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
www.plunkettresearch.com
405
HARTFORD FINANCIAL SERVICES GROUP INC (THE) www.thehartford.com Industry Group Code: 524113 Ranks within this company's industry group: Sales: 167 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Y
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 154
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing: Y
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Insurance Company-Underwriting Life Insurance Property Insurance Casualty Insurance Reinsurance Employee Benefits Administration Asset Management Mutual Funds
The Hartford Financial Services Group, Inc. is among the largest providers of both property and casualty insurance as well as life insurance products in the United States. The Hartford’s North American Property and Casualty segment consists of three major lines of business: commercial, personal and reinsurance. Much of the company’s individual dealings concern members of the American Association of Retired Persons, and the firm involves itself in age-specific needs. The company's Hartford Life subsidiary is the leading distributor of valuable annuities in the United States, as well as the fourth largest life insurer in the U.S. Recently, Hartford Technology Services acquired Impact Systems, a fullservice technology consulting firm, which will allow it to meet IT services market demand. Hartford acquired Omni Insurance Group as well, a leader of non-standard auto insurance. Additionally, the firm is currently focusing on total cost management and brand name building. Hartford constantly reaches out to the public by sponsoring and hosting public service events and programs annually. Its benefits are based on the employee's role in the company, the market value of the job and performance. Qualified employees enjoy the opportunity for additional rewards when The Hartford meets or exceeds business objectives.
BRANDS/DIVISIONS/AFFILIATES: Hartford Casualty Insurance Company Omni Insurance Group, Inc. Hartford Accident and Indemnity Company Hartford Advisers Fund, Inc. Hartford (Bermuda) Ltd. Hartford Bond Fund, Inc. Hartford Capital Appreciation Fund, Inc. Impact Systems
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Ramani Ayer, CEO Ramani Ayer, Pres. David K. Zwiener, Exec. VP/CFO Randall I. Kiviat, Group Sr. VP-Human Resources John T. Crawford, Group Sr. VP-Info. Tech. John N. Giamalis, Controller Neal S. Wolin, General Counsel Carter J. Flatt, Exec. VP-Oper. J. Richard Garrett, Treas. Brenda Furlong, Chief Investment Officer Edward L. Morgan, Sr. VP-Corp. Relations/Government Affairs
Phone: 860-547-5000 Fax: 860-547-2680 Toll-Free: Address: 690 Asylum Ave., Hartford, CT 06115 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results w ere not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $11,291,000 ( 9 months) 2001 Profits: $386,000 ( 9 months) 2000 Sales: $14,703,000 2000 Profits: $974,000 Stock Ticker: HIG 1999 Sales: $13,528,800 1999 Profits: $862,000 Employees: 26,600 1998 Sales: $15,022,000 1998 Profits: $1,015,000 Fiscal Year Ends: 12/31 1997 Sales: $13,461,000 1997 Profits: $1,332,000
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Y Profit Sharing: Top Exec. Salary: $995,833 Bonus: $1,840,500 Stock Purch. Plan: Y Second Exec. Salary: $895,833 Bonus: $1,752,000 The company is among the largest providers of insurance and financial services in the U.S.
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International: Y
406
www.plunkettresearch.com
HAWTHORNE FINANCIAL CORP www.hawthornesavings.com Industry Group Code: 522110 Ranks within this company's industry group: Sales: 13 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 12
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking/Savings Association Mortgages Real Estate-Secured Loans
Organized in 1959, Hawthorne Financial Corporation is a savings and loan holding company that owns and operates Hawthorne Savings Bank. The bank is a federally chartered stock savings bank that offers a wide variety of consumer banking products, including checking and savings accounts, money market accounts and certificates of deposit. The firm offers its banking products and services through a network of eight retail branches located throughout Southern California. Hawthorne’s lending activities include single-family residential, multifamily residential and commercial real estate loans for the construction of single-family residential homes and the acquisition and development of land for these homes. The bank also provides several personal and vehicle loans as well as community, commercial, construction and residential lending products. Hawthorne offers a number of specialized services, including safe deposit boxes, direct deposit and online banking. The company’s online banking service allows customers to view account information, pay bills, create financial reports and transfer funds between accounts via the Internet. Hawthorne also provides an online shopping service that allows users to shop at multiple e-commerce web sites using one sign-on, one shopping cart and one checkout. Moreover, the company operates a network of 19 ATMs located primarily in its target market areas.
BRANDS/DIVISIONS/AFFILIATES: Hawthorne Savings, F.S.B.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Simone Lagomarsino, CEO Simone Lagomarsino, Pres. Eileen Lyon, Corp. Sec. Eileen Lyon, General Counsel Daniel Ruvalcaba, Chief Lending Officer William R. Brown, Sr. VP Charles Stoneburg, Exec. VP
Phone: 310-725-5000 Fax: 310-725-5034 Toll-Free: Address: 2381 Rosecrans Avenue, 2nd Floor, El Segundo, CA 90245 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $116,500 ( 9 months) 2001 Profits: $11,300 ( 9 months) 2000 Sales: $157,100 2000 Profits: $14,300 Stock Ticker: HTHR 1999 Sales: $140,900 1999 Profits: $10,200 Employees: 270 1998 Sales: $111,614 1998 Profits: $11,038 Fiscal Year Ends: 12/31 1997 Sales: $79,316 1997 Profits: $9,617
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Profit Sharing: Stock Purch. Plan: Y Community-based business.
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Apparent Women Officers or Directors: 2 Hot Spot for Advancement for Women/Minorities: Y
Top Exec. Salary: $300,000 Second Exec. Salary: $219,231
LOCATIONS: ("Y" = Yes) West: Y
Southwest:
Midwest:
Southeast:
Bonus: Bonus:
$145,000 $100,000
Northeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
www.plunkettresearch.com
407
HCB BANCSHARES INC Industry Group Code: 522110 Ranks within this company's industry group: Sales: 108 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 106
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y Y Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Priv ate-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking/Savings Associations Mortgages Construction Loans Nonresidential Real Estate Loans Business Loans Consumer Loans Real Estate
HCB Bancshares, Inc., the holding company for Heartland Community Bank, operates six full-service branches and one loan origination office in Arkansas. Heartland offers CDs, NOW accounts, passbook savings accounts, individual retirement accounts (IRAs) and money market accounts as well as traditional checking and savings accounts. Deposits are used to originate and purchase one- to four-family residential mortgage loans, nonresidential real estate loans, multifamily, commercial and construction loans, business loans and consumer loans. Consumer loans offered by the bank include home improvement, automobile and personal loans. Commercial loans consist of working capital loans, floor plan loans to automobile and recreational vehicle dealers and business equipment loans. As the firm continues to grow, Heartland plans to broaden its range of financial products and services to its customers. The company operates one service subsidiary, HCB Properties, which oversees the bank's real estate. The subsidiary holds on to these real estate properties for possible future expansion by the bank. Primary growth strategies for HCB Bancshares involve expanding its branch offices, increasing its ATM network and attracting additional consumer demand deposits.
BRANDS/DIVISIONS/AFFILIATES: Heartland Community Bank, F.S.B. HCB Properties
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Cameron D. McKeel, CEO Cameron D. McKeel, Pres. Scott Swain, CFO William C. Lyon, Chief Lending Officer
Phone: 870-836-6841 Fax: 870-836-0433 Toll-Free: Address: 237 Jackson Street, Camden, AR 71701 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 12 months. 2001 Sales: $21,500 (12 months) 2001 Profits: $ 600 (12 months) 2000 Sales: $20,800 2000 Profits: $ 800 Stock Ticker: HCBB 1999 Sales: $19,300 1999 Profits: $ 400 Employees: 94 1998 Sales: $15,829 1998 Profits: $ 385 Fiscal Year Ends: 6/30 1997 Sales: $13,293 1997 Profits: $- 609
SALARIES/BENEFITS: Pension Plan: Y Savings Plan:
ESOP Stock Plan: Y Profit Sharing: Top Exec. Salary: $114,474 Bonus: $ Stock Purch. Plan: Second Exec. Salary: $103,935 Bonus: $ Community-oriented/Utilizes higher yielding and shorter term loans to increase loan yields.
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Apparent Women Officers or Directors: Hot Spot for Advancement for Women/Minorities: Y
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Southeast: Y
Northeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
408
www.plunkettresearch.com
HCC INSURANCE HOLDINGS INC
www.hcch.com
Industry Group Code: 524113 Ranks within this company's industry group: Sales: 187 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 196
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Underwriting-Specialized Property and Casualty Insurance Health Insurance Offshore Energy Insurance Property Insurance Accident Insurance Marine Insurance Accident Insurance
HCC Insurance Holdings, Inc. provides specialized property and casualty insurance coverage, managing general agency services and insurance related services for both commercial customers and individuals. The company’s insurance products are underwritten on both a direct and reinsurance basis and are marketed by the company itself and through a network of independent and affiliated agents and brokers. HCC’s principal insurance company subsidiaries are Houston Casualty Company, U.S. Specialty Insurance Company, HCC Life Insurance Company and Avemco Insurance Company. Underwriting activities are focused on providing aviation, marine, offshore energy, property, accident and health single interest insurance and reinsurance on a worldwide basis. The firm also underwrites on behalf of non-affiliated insurance companies through its managing general agency operations. These agency operations specialize in domestic general aviation insurance, medical stop-loss coverage for employer sponsored self-insured health plans, occupational accident coverage for self-insured truckers and a variety of accident and health related insurance and reinsurance products. The company’s underwriting agency subsidiaries consist of HCC Benefits Corporation and LDG Reinsurance Corporation. HCC also operates several insurance intermediary subsidiaries that provide marketing, placing and consulting services for affiliated and non-affiliated clients. The company employs a continuous acquisition strategy, focusing on companies that expand existing lines of business as well as open up new lines of specialty business for the firm. Recent acquisitions by HCC include Professional Indemnity Agency, ASU International and Schanen Consulting Corporation. The company offers its employees a comprehensive benefits package that includes medical and dental insurance, flexible schedules, disability insurance, paid vacation, tuition reimbursement and a flexible spending account. Basic life and disability insurance are offered as well.
BRANDS/DIVISIONS/AFFILIATES: HCC Life Insurance Company Houston Casualty Company HCC Benefits Corporation LDG Reinsurance Corporation U.S. Specialty Insurance Company Avemco Insurance Company Professional Indemnity Agency, Inc. ASU International, LLC
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Stephen L. Way, CEO John N. Molbeck, Jr., Pres. John N. Molbeck, Jr., COO Edward H. Ellis, Jr., CFO Benjamin D. Wilcox, CEO, Houston Casualty Company
Phone: 713-690-7300 Fax: 713-462-2401 Toll-Free: Address: 13403 Northwest Fwy., Houston, TX 77040-6094 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $373,300 ( 9 months) 2001 Profits: $6,400 ( 9 months) 2000 Sales: $466,200 2000 Profits: $53,400 Stock Ticker: HCC 1999 Sales: $341,871 1999 Profits: $25,100 Employees: 958 1998 Sales: $308,034 1998 Profits: $72,278 Fiscal Year Ends: 12/31 1997 Sales: $280,317 1997 Profits: $49,759
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Profit Sharing:
Top Exec. Salary: $800,000 Second Exec. Salary: $600,000
Bonus: Bonus:
$ $150,000
Focus on specialty niches.
Apparent Women Officers or Directors: Hot Spot for Advancement for Women/Minorities: Y
LOCATIONS: ("Y" = Yes) West:
Southwest: Y
Midwest: Y
Southeast:
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International: Y
www.plunkettresearch.com
409
HEALTH NET INC
www.health.net
Industry Group Code: 621491 Ranks within this company's industry group: Sales: 66 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 51
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Y
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: HMO/PPO Utilization Management Healthcare Services Management Administrative Services Insurance Companies
Health Net, Inc., formerly Foundation Health Systems, Inc., is one of the largest publicly traded managed health care companies in the U.S. The company’s HMO, insured PPO and governm ent contract subsidiaries provide health benefits to more than 5.4 million individuals in 13 states through group, individual, Medicare, Medicaid and TRICARE programs. Health Net also offers managed health care products for behavioral health, dental, vision and prescription drugs. Health care services that are provided to the firm’s commercial and individual members include primary and specialty physician care, hospital care, laboratory and radiology services, prescription drugs, dental and vision care, skilled nursing care, physical therapy and mental health services. Health Net’s HMO service network consists of approximately 50,500 primary care physicians and 109,000 specialists. Moreover, the company provides managed health care product coordination for multi-region employers, and administrative services for medical groups and self-funded benefits programs. The firm receives contracts from federal government programs such as TRICARE to perform administrative and management services and accept financial responsibility for a portion of the health care costs. In addition to its business operations, Health Net owns health and life insurance companies licensed to sell insurance in 35 states and the District of Columbia. The company recently sold off its Florida health plan to a regional holding company for $49 million.
BRANDS/DIVISIONS/AFFILIATES: TRICARE Foundation Health Systems, Inc. Health Net Federal Services Health Net Pharmaceutical Services MHN, Inc. Denticare AVP
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Jay M. Gellert, CEO Jay M. Gellert, Pres. Steven P. Erwin, CFO Karen D. Mayhew , Sr. VP-Human Resources B. Curtis Westen, Corp. Sec. B. Curtis Westen, General Counsel David W. Olson, Sr. VP-Investor Rel. John Sivori, Pres., Health Net Pharmaceutical Services Timothy J. Moore, M.D., Chief Medical Officer Cora Tellez, Pres., Health Plans Div. Patricia Clarey, VP-Gov't Rel.
Phone: 818-676-6000 Fax: 818-676-8591 Toll-Free: 800-291-6911 Address: 21650 Oxnard St., Woodland Hills , CA 91367 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 6 months. 2001 Sales: $5,034,800 ( 6 months) 2001 Profits: $28,200 ( 6 months) 2000 Sales: $9,076,600 2000 Profits: $163,623 Stock Ticker: HNT 1999 Sales: $8,647,900 1999 Profits: $142,400 Employees: 11,000 1998 Sales: $8,628,900 1998 Profits: $-165,200 Fiscal Year Ends: 12/31 1997 Sales: $7,005,600 1997 Profits: $-187,100
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Profit Sharing:
Top Exec. Salary: $586,539 Second Exec. Salary: $393,269
Bonus: Bonus:
$ $186,667
Fully integrated managed care.
Apparent Women Officers or Directors: 3 Hot Spot for Advancement for Women/Minorities: Y
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest:
Southeast:
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
410
www.plunkettresearch.com
HELLER FINANCIAL INC
www.hellerfin.com
Industry Group Code: 522220A Ranks within this company's industry group: Sales: 5 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 4
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Leasing/Financing-Business Equipment, Cars, Trucks Asset-Based Finance Real Estate Finance International Factoring Specialized Finance and Investments
Heller Financial, Inc. provides commercial financial services to small- and mid-sized businesses worldwide, including secured loans and factoring, equipment finance and leasing, sales finance, business credit, current asset management and small-business lending. The firm also provides real estate financial services and structured financing for domestic energy-related projects. In addition, Heller offers trade finance, factoring, asset-based lending, leasing and vendor finance products and programs to clients in Europe, Asia and Latin America. Subsidiary Factofrance-Heller is a leading factoring company in Europe. The company is continuing to diversify its portfolio and earnings sources by increasing its asset-based businesses, reducing reliance on the corporate finance and real estate finance businesses and continuing to enhance its equity investments and international businesses. Heller Financial delivers its financial services through two primary business segments: Domestic Commercial Finance and International Factoring and Asset-Based Finance. In October 2001, the company was acquired by GE Capital, a diversified financial services company and a subsidiary of General Electric, for $5.3 billion. Beginning in 2002, Heller businesses will begin moving to the GE Capital name. GE Capital is currently integrating Heller’s Commercial Equipment Finance and Small Business divisions into its GE Capital Commercial Equipment Financing business.
BRANDS/DIVISIONS/AFFILIATES: GE Capital Heller Real Estate Financial Services General Electric Factofrance Domestic Commercial Finance Heller International Group Commercial Equipment Finance
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Richard J. Almeida, CEO Frederick E. Wolfert, Pres. Frederick E. Wolfert, COO Lauralee E. Martin, CFO Michael J. Litwin, Chief Credit and Risk Officer
Phone: 312-441-7000 Fax: 312-441-7367 Toll-Free: 800-443-4262 Address: 500 W. Monroe St., Chicago, IL 60661 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $1,460,000 ( 9 months) 2001 Profits: $224,000 ( 9 months) 2000 Sales: $2,037,000 2000 Profits: $290,000 Stock Ticker: Subsidiary 1999 Sales: $1,716,000 1999 Profits: $284,000 Employees: 2,514 1998 Sales: $1,407,000 1998 Profits: $193,000 Fiscal Year Ends: 12/31 1997 Sales: $ 1997 Profits: $
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Profit Sharing: Y Top Exec. Salary: $750,000 Bonus: $740,000 Stock Purch. Plan: Y Second Exec. Salary: $433,333 Bonus: $350,000 Offers a broad spectrum of financial services/Third largest lender of Small Business Administration loans.
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International: Y
www.plunkettresearch.com
411
HEMLOCK FEDERAL FINANCIAL CORP federal.com Industry Group Code: 522110 Ranks w ithin this company's industry group: Sales: 3 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
www.hemlock-
Profits: 3
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking/Savings Associations Mortgages Construction Loans Commercial Loans Multifamily Loans Consumer Loans
Hemlock Federal Financial Corporation is the holding company for Hemlock Federal Bank for Savings. The bank operates from its main office in Oak Forest, Illinois, and has five additional branch offices located in Chicago, Bolingbrook, Lemont and Oak Lawn, Illinois. Though oneto four-family residential mortgages make up nearly 80% of the bank's loan portfolio, Hemlock also offers construction, commercial, multifamily and consumer loans. The bank originates a wide variety of consumer loans, including home equity loans, automobile and deposit account loans for household and personal purposes. The company finances these loans by attracting deposits from the general public, primarily in the communities around its branch offices. The bank offers traditional deposit services such as passbook, NOW, money market and various certificate accounts. Customers of the bank can access their accounts through the branch offices or through three strategically located ATMs. In addition to the deposits, Hemlock Federal invests in mortgage-backed and related securities and various types of liquid assets. The bank also puts money back into its community through the Hemlock Federal Bank for Savings Charitable Foundation. In June 2000, the company acquired Midwest Savings Bank and integrated the bank into its branch network.
BRANDS/DIVISIONS/AFFILIATES: Hemlock Federal Bank for Savings Midwest Savings Bank
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Maureen G. Partynski, CEO Michael R. Stevens, Pres. Rosanne Belczak, VP-Mktg. Rosanne Belczak, VP-Human Resources Jean M. Thornton, Controller Rosanne Belczak, Corp. Sec. Jean M. Thornton, Treas.
Phone: 708-687-9400 Fax: 708-687-9490 Toll-Free: Address: 5700 West 159th St., Oak Forest, IL 60452 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $15,000 ( 9 months) 2001 Profits: $1,500 ( 9 months) 2000 Sales: $18,700 2000 Profits: $1,800 Stock Ticker: HMLK 1999 Sales: $14,800 1999 Profits: $1,700 Employees: 52 1998 Sales: $13,459 1998 Profits: $1,554 Fiscal Year Ends: 12/31 1997 Sales: $11,832 1997 Profits: $ 944
SALARIES/BENEFITS: Pension Plan: Savings Plan:
ESOP Stock Plan: Y Profit Sharing: Y Top Exec. Salary: $173,700 Stock Purch. Plan: Second Exec. Salary: $153,700 Operates in the thriving Chicago market.
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Apparent Women Officers or Directors: 3 Hot Spot for Advancement for Women/Minorities: Y
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest: Y
Southeast:
Bonus: Bonus:
$25,000 $25,000
Northeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
412
www.plunkettresearch.com
HERITAGE FINANCIAL CORP
www.heritagebankwa.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 193 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 184
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y Y Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking/Savings Associations Mortgages Business Loans Residential Construction Loans Income Property Loans Consumer Loans
Heritage Financial Corporation is a bank holding company headquartered in Olympia, Washington. The company operates two independent community banks, Heritage Bank and Central Valley Bank. Combined, the two banks operate 18 branch offices throughout the state of Washington. Heritage Bank offers a full range of financial products and services for both personal and business banking. The bank operates 12 branch offices in Thurston, Pierce and Mason counties. In 1998, the company acquired North Pacific Bancorporation and its subsidiary, North Pacific Bank, which added six offices to Heritage’s branch network. The firm then acquired Washington Independent Bancshares and its subsidiary, Central Valley Bank, which has six branch offices in central Washington. Central Valley Bank is a communityoriented institution with a primary focus on small business and agricultural lending. The company’s banks are primarily engaged in attracting deposits from the general public and originating first mortgage loans on residential properties in western and central Washington. The banks offer a variety of accounts for depositors, including CDs, regular savings and checking accounts, money market accounts, NOW accounts and IRAs. Heritage also initiates residential construction, income property, agricultural and consumer loans. The company has paid particular focus to commercial lending in recent years, which now contributes to almost half of its total loans. The commercial lending activities of the banks em phasize real estate related industries as well as firms in the agricultural, health care and legal professions.
BRANDS/DIVISIONS/AFFILIATES: Heritage Bank North Pacific Bank North Pacific Bancorporation Washington Independent Bancshares Central Valley Bank
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Donald V. Rhodes, CEO Donald V. Rhodes, Pres. Wendy K. Gauksheim, Corp. Sec. Gregory D. Patjens, Exec. VP-Admin., Heritage Bank Edward Cameron, Treas. Brian L. Vance, Pres./COO, Heritage Bank Donald V. Rhodes, CEO, Heritage Bank D. Michael Broadhead, Pres., Central Valley Bank
Phone: 360-943-1500 Fax: 360-352-0864 Toll-Free: Address: 201 Fifth Ave. S.W., Olympia, WA 98501 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $38,600 ( 9 months) 2001 Profits: $4,800 ( 9 months) 2000 Sales: $48,400 2000 Profits: $6,000 Stock Ticker: HFWA 1999 Sales: $40,500 1999 Profits: $5,400 Employees: 211 1998 Sales: $21,100 1998 Profits: $2,200 Fiscal Year Ends: 12/31 1997 Sales: $32,300 1997 Profits: $4,300
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Y Profit Sharing: Stock Purch. Plan: Growth through acquisitions.
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
Top Exec. Salary: $225,000 Second Exec. Salary: $138,000
LOCATIONS: ("Y" = Yes) West: Y
Southwest:
Midwest:
Southeast:
Bonus: Bonus:
$77,963 $42,280
Northeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
www.plunkettresearch.com
HF FINANCIAL CORPORATION
www.homefederal.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 151 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
413 Prof its: 136
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
Y
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking/Savings Association Mortgages Credit Card Issuing Insurance Agency
HF Financial Corp. is the stock holding company of Home Federal Savings Bank. The company also operated a mortgage subsidiary as HomeFirst Mortgage Corp., which was dis continued in late 1998. Home Federal Savings Bank is a federally chartered stock savings bank headquartered in Sioux Falls, South Dakota. The bank currently serves 22 communities in eastern South Dakota and southwestern Minnesota through a network of 31 banking centers. Home Federal is primarily engaged in attracting deposits from the general public and using such deposits, together with sources of other funds, to originate loans. Customers of the bank can access their account around the clock via the company’s telephone and online banking services. The company’s loan portfolio consists of one- to four-family residential, consumer, multi-family, commercial real estate, construction, agricultural and commercial business loans. In addition to the bank, HF Financial owns HF Card Services, LLC. This subsidiary was established to provide secured, partially-secured and unsecured credit cards nationwide to sub-prime credit customers who have either an insufficient or negative credit history and are unable to obtain a credit card from more traditional credit card issuers. Home Federal, through its subsidiaries, Hometown Insurors, Inc. and MidAmerica Service Corporation, offers credit-life, hazard and other insurance products as well as appraisal services. In addition, Home Federal's subsidiary, PMD, Inc., engages in the business of buying, selling and managing repossessed real estate properties of Home Federal.
BRANDS/DIVISIONS/AFFILIATES: Home Federal Savings Bank HF Card Services LLC Hometown Insuroes, Inc. Mid-America Service Corporation PMD, Inc. Dakota State Bank HomeFirst Mortgage Corp.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Curtis L. Hage, CEO Curtis L. Hage, Pres. Gene F. Uher, COO Brent E. Johnson, CFO Anne M. Fuehrer, VP-Mktg. Mary F. Hitzemann, Sr. VP-Human Resources Gary L. Smith, Sr. VP-Information Systems Cristie M. Lawson, Controller Sharon A. Manuel, VP-Electronic Banking Brent E. Johnson, Treas. David A. Brown, Sr. Commercial Lending Officer Theresa L. Flamboe, VP-Market Mgr. Diane K. Hovda, VP-Financial Mgmt. Terry L. Kappes , Sr. VP-Retail Banking
Phone: 605-333-7556 Fax: 605-333-7621 Toll-Free: 800-244-2149 Address: 225 South Main Ave., Sioux Falls, SD 57104 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 12 months. 2001 Sales: $71,400 (12 months) 2001 Profits: $4,600 (12 months) 2000 Sales: $68,400 2000 Profits: $5,300 Stock Ticker: HFFC 1999 Sales: $65,100 1999 Profits: $1,100 Employees: 337 1998 Sales: $59,800 1998 Profits: $6,473 Fiscal Year Ends: 6/30 1997 Sales: $50,500 1997 Profits: $3,674
SALARIES/BENEFITS: Pension Plan: Y Savings Plan:
ESOP Stock Plan: Y Profit Sharing: Top Exec. Salary: $226,914 Stock Purch. Plan: Second Exec. Salary: $148,000 The largest thrift institution headquartered in South Dakota.
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Apparent Women Officers or Directors: 7 Hot Spot for Advancement for Women/Minorities: Y
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest: Y
Southeast:
Bonus: Bonus:
$61,338 $38,702
Northeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
414
www.plunkettresearch.com
HIBERNIA CORPORATION
www.hibernia.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 133 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Y Y
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt. :
Y Y Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 139
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y Y Y Y Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Y
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
Y
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Insurance Leasing Trust and Investment Management Mutual Funds and Annuities Risk Management Services Treasury Management Mortgage Servicing
Hibernia Corporation is the holding company for Hibernia National Bank. The bank operates through a network of approximately 261 locations located in Louisiana, Texas and Mississippi. It also operates almost 400 ATMs in Louisiana and East Texas. The company offers a broad range of financial products and services, including personal and commercial banking, leasing, factoring, treasury management, insurance, mutual funds, annuities, trust and investment management and retail brokerage. Hibernia also performs mortgage servicing, which includes acceptance and application of mortgage loans and escrow payments. Mortgage loans account for almost half of the bank’s loan portfolio. The firm recently partnered with the state of Louisiana and Fannie Mae to launch a $10 million flexible mortgage program to help the state’s public school teachers purchase homes easily and affordably. Hibernia also owns several non-bank subsidiaries that are primarily engaged in insurance, investment banking and small business investing. The company expanded significantly in 2000 with the purchases of Southcoast Capital, a fullservice investment banking firm, and The Rosenthal Agency, one of the largest independent insurance brokerage firms in Louisiana.
BRANDS/DIVISIONS/AFFILIATES: Hibernia National Bank Hibernia Capital Corp. The Rosenthal Agency Southcoast Capital L.L.C.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Herb Boydstun, CEO Herb Boydstun, Pres. Marsha M. Gassan, CFO Russell S. Hoadley, Exec. VP-Employee Rel. K. Kirk Domingos III, Sr. Exec. VP-Retail Arena and Tech. Ron E. Samford, Jr., Controller Russell S. Hoadley, Exec. VP-Public Rel. Trisha Voltz , VP-Investor Rel. Randall E. Howard, Chief Commercial Banking Exec. Cindy S. Collins, Exec. VP-Risk Mgmt. Richard G. Wright, Chief Credit Officer Thomas B. Hoyt, Pres., Hibernia Capital Corp.
Phone: 504-533-3333 Fax: 504-533-2466 Toll-Free: 800-666-4417 Address: 313 Carondelet Street, New Orleans , LA 70130 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $1,129,100 ( 9 months) 2001 Profits: $162,400 ( 9 months) 2000 Sales: $1,466,000 2000 Profits: $170,600 Stock Ticker: HIB 1999 Sales: $1,270,000 1999 Profits: $175,100 Employees: 5,366 1998 Sales: $1,165,100 1998 Profits: $181,000 Fiscal Year Ends: 12/31 1997 Sales: $1,021,100 1997 Profits: $147,900
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Y Profit Sharing: Top Exec. Salary: $643,750 Stock Purch. Plan: Second Exec. Salary: $420,417 Expansion into new services/Regional focus.
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Apparent Women Officers or Directors: 3 Hot Spot for Advancement for Women/Minorities: Y
LOCATIONS: ("Y" = Yes) West:
Southwest: Y
Midwest:
Southeast: Y
Bonus: Bonus:
$ $132,000
Northeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
www.plunkettresearch.com
415
HIGHLANDS INSURANCE GROUP www.highlandsinsurance.com Industry Group Code: 524113 Ranks within this company's industry group: Sales: 47 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Technology: Finan. Software: Information Sys.: Online Services : Special Equipment: Consulting:
Profits: 45
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Insurance Company-Underwriting Property and Casualty Insurance
Highlands Insurance, Inc. is an insurance holding company that, through its subsidiaries, is engaged in the property and casualty insurance business. The company is licensed in all 50 states and the District of Columbia, writing primarily property and casualty insurance for commercial customers and certain personal lines. Products offered by Highlands Insurance and its subsidiaries include automobile insurance, workers’ compensation, homeowners insurance, commercial multiple peril policies and general liability coverage. The firm’s commercial policyholders consist of small- to midsize businesses such as retailers, wholesalers, contractors and service businesses. Highlands Insurance sells its products in various regional markets through a network of approximately 2,500 independent agents. The firm operates nine regional offices located throughout the U.S. The company provides a broad base of coverages with the support of 12 underwriting companies, including Aberdeen Insurance Company, Highlands Lloyds, Highlands Casualty Company, Highlands Insurance Company, Highlands Underwriters Insurance Company, NN Insurance Company, Northwestern National Casualty Company, American Professionals Insurance Company, State Capital Insurance Company, Pacific National Insurance Company, State Capital Insurance Company and Statesman Insurance Company. Highlands Insurance recently announced that it is reorganizing its operations by consolidating certain regional office functions and reducing its workforce by about 75 positions.
BRANDS/DIVISIONS/AFFILIATES: American Reliance, Inc. Highlands Insurance Company Northwestern National Casualty Company Pacific Automobile Insurance Company Aberdeen Insurance Company American Professionals Insurance Company Highlands Casualty Company NN Insurance Company
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Stephen L. Kibblehouse, Co-CEO John W. Cowley, Pres. John W. Cowley, COO Stephen L. Kibblehouse, Corp. Sec. Stephen L. Kibblehouse, General Counsel John W. Cowley, Co-CEO
Phone: 609-896-1921 Fax: 609-219-9142 Toll-Free: Address: 1000 Lenox Drive, Lawrenceville, NJ 08648-0426 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $452,700 ( 9 months) 2001 Profits: $-64,800 ( 9 months) 2000 Sales: $451,900 2000 Profits: $-106,300 Stock Ticker: HIC 1999 Sales: $393,000 1999 Profits: $-13,400 Employees: 912 1998 Sales: $483,700 1998 Profits: $3,100 Fiscal Year Ends: 12/31 1997 Sales: $392,000 1997 Profits: $16,800
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Profit Sharing: Y Stock Purch. Plan: Y Agents are located nationwide.
COMPETITIVE ADVANTAG E: OTHER THOUGHTS:
Apparent Women Officers or Directors: Hot Spot for Advancement for Women/Minorities:
Top Exec. Salary: $455,230 Second Exec. Salary: $282,212
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Bonus: Bonus:
$210,000 $
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
416
www.plunkettresearch.com
HILB, ROGAL & HAMILTON CO
www.hrh.com
Industry Group Code: 524113 Ranks within this company's industry group: Sales: 79 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 67
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Y
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
Y
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Insurance Brokerage
Hilb, Rogal and Hamilton Company (HRH), through its network of wholly-owned subsidiary insurance agencies, places various types of insurance, including property, casualty, marine, aviation and employee benefits, with insurance underwriters on behalf of its clients. The agencies operate 80 offices in 22 states. HRH's client base ranges from personal to large national accounts and is primarily composed of medium -size commercial and industrial accounts. The company also advises clients on risk management and employee benefits and provides claims administration and loss control consulting services to clients. HRH’s growth strategy principally involves mergers and acquisitions of independent agencies that operate in small- to medium -sized metropolitan areas. Since 1984, the company has acquired over 190 independent agencies. The firm has consolidated these acquisitions into more than 70 agencies. Recent acquisitions of the company include Coble-Cravens Insurance Agency, Inc., a Dallas -based insurance agency specializing in middle-market commercial property and casualty accounts; Aris Insurance Services; and Brooks & Willmes Brokers, Inc. In addition, the firm acquired ISU North American Insurance Agency, which provides a full range of risk management and retail property/casualty products with an emphasis on risks associated with construction, specialty floor covering and motorcycle dealers. In July 2001, the company merged with Berwanger Overmyer Associates, central Ohio’s largest independent insurance broker.
BRANDS/DIVISIONS/AFFILIATES: Aris Insurance Services Brooks & Willmes Insurance Brokers, Inc. Berwanger Overmyer Associates Coble-Cravens Insurance Agency, Inc. ISU North American Insurance Agency B. Perkins & Company, Inc. Palley Simon Associates, Inc. Dunlap Corp.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Andrew L. Rogal, CEO Martin L. Vaughan III, Pres. Martin L. Vaughan III, COO Carolyn Jones, CFO Karl E. Manke, VP- Mktg. and Sales Dev. Henry C. Kramer, VP-Human Resources Diane D. Schnupp, Chief Tech. Officer Robert W. Blanton, Jr., Controller Walter L. Smith, Corp. Sec. Walter L. Smith, General Counsel Timothy J. Korman, Exec. VP-Finance and Admin. John P. McGrath, Sr. VP-Business and Product Dev. Elizabeth J. Cougot, VP-Corp. Comm. Carolyn Jones, Treas. Robert B. Lockhart, Dir.-Northeast Region Benjamin A. Tyler, Dir.-Southeast Region Vincent P. Howley, VP-Agency Financial Oper. William L. Chaufty, Dir.-Central Region
Phone: 804-747-6500 Fax: 804-747-6046 Toll-Free: Address: 4951 Lake Brook Drive, Ste. 500, Glen Allen, VA 23060-1220 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $243,300 ( 9 months) 2001 Profits: $25,300 ( 9 months) 2000 Sales: $262,100 2000 Profits: $21,800 Stock Ticker: HRH 1999 Sales: $227,200 1999 Profits: $19,500 Employees: 2,200 1998 Sales: $181,048 1998 Profits: $14,945 Fiscal Year Ends: 12/31 1997 Sales: $173,709 1997 Profits: $12,790
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Profit Sharing: Y
Top Exec. Salary: $460,832 Second Exec. Salary: $366,676 Growing rapidly by acquiring niche-oriented agencies.
Apparent Women Officers or Directors: 3 Hot Spot for Advancement for Women/Minorities: Y
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Bonus: Bonus:
$362,300 $264,100
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
www.plunkettresearch.com
417
HINGHAM INSTITUTION FOR SAVINGS www.hinghamsavings.com Industry Group Code: 522110 Ranks within this company's industry group: Sales: 182 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 149
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking/Savings Associations Mortgages
The Hingham Institution for Savings is focused on the financial prospects of Boston's south shore communities, operating seven offices in Hingham, Hull, North Scituate, Cohasset and South Weymouth. Hingham also operates nine ATMs located in proximity to its branch offices. The bank, founded in 1834, offers a wide variety of checking and savings products for individuals and businesses. These include free checking, NOW checking, statement and passbook savings services, business checking and money market accounts. The company provides a wide variety of loan products, including mortgage, home equity, home improvement, commercial, personal, passbook and automobile loans. For the last eight consecutive years, the bank has achieved double-digit loan growth. Mortgage loans account for nearly 80% of the bank’s total assets. The company supplements its lending activities through investments in securities. Hingham’s securities portfolio primarily consists of securities issued by U.S. government agencies or U.S. government-sponsored agencies. Though the bank is community-oriented, it offers all the technologically advanced conveniences that nationally operating chains utilize. Customers can enjoy 24-hour telephone banking, online banking, 24-hour ATM banking and debit card services. Other services offered by the bank include safe deposit boxes, drive-in banking and wire transfers. In addition, treasurer’s checks, savings bonds and money orders can be obtained at Hingham.
BRANDS/DIVISIONS/AFFILIATES:
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Robert H. Gaughen, Jr., CEO Robert H. Gaughen, Jr., Pres. William M. Donovan, Jr., VP-Admin. Deborah J. Jackson, Treas. Shawn T. Sullivan, VP-Commercial Lending Peter R. Smollett, VP-Commercial Lending Michael J. Sinclair, VP-Retail Lending Thomas I. Chew , VP-Branch Oper.
Phone: 617-749-2200 Fax: 617-740-4889 Toll-Free: Address: 55 Main Street, Hingham , MA 02043 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $20,400 ( 9 months) 2001 Profits: $3,700 ( 9 months) 2000 Sales: $24,800 2000 Profits: $4,200 Stock Ticker: HIFS 1999 Sales: $21,000 1999 Profits: $3,200 Employees: 81 1998 Sales: $18,903 1998 Profits: $3,002 Fiscal Year Ends: 12/31 1997 Sales: $17,058 1997 Profits: $2,659
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Top Exec. Salary: $ Second Exec. Salary: $ Offers a wide variety of products and services/Founded in 1834.
Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
Profit Sharing:
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Bonus: Bonus:
Southeast:
$ $
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
418
www.plunkettresearch.com
HMN FINANCIAL INC
www.justcallhome.com/hmnfinancial
Industry Group Code: 522110 Ranks within this company's indus try group: Sales: 143 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 133
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking/Savings Associations Insurance Mortgages
HMN Financial, Inc. operates as the savings and loan holding company for Home Federal Savings Bank, which operates 11 banking offices in Minnesota and Iowa. The bank offers individuals and businesses such deposit products as checking, savings, NOW and money market accounts, as well as CDs. Home Federal is primarily engaged in attracting deposits from the general public and using such deposits to finance its loan operations. Its lending activities include residential mortgages (nearly 80% of the bank's loan portfolio) and business, construction, commercial real estate and consumer loans. Home Federal supplements its lending activities though investments in securities. The bank operates two wholly owned subsidiaries, Osterud Insurance Agency and Home Federal Mortgage Services, LLC (HFMS). Osterud primarily provides financial planning products and services to its customers. HFMS operates a mortgage banking and mortgage brokerage facility located in Brooklyn Park, Minnesota. This subsidiary primarily originates and sells single-family residential loans in the secondary market. The company also operates another subsidiary, Security Finance Corporation, which invests in commercial loans and commercial real estate loans that were originated by third parties and are located throughout the U.S. During 2000, SFC sold many of its assets to the bank and discontinued investing in commercial loans.
BRANDS/DIVISIONS/AFFILIATES: Home Federal Savings Bank Home Federal Mortgage Services, LLC MSL Financial Corporation Security Finance Corporation HMN Mortgage Services, Inc. Osterud Insurance Agency
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Michael McNeil, Pres. Timothy P. Johnson, CFO Dwain C. Jorgensen, Sr. VP-Oper.
Phone: 507-346-1100 Fax: 507-346-1111 Toll-Free: Address: 101 North Broadway, Spring Valley, MN 55975-0231 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $43,300 ( 9 months) 2001 Profits: $4,900 ( 9 months) 2000 Sales: $56,200 2000 Profits: $6,700 Stock Ticker: HMNF 1999 Sales: $51,400 1999 Profits: $6,400 Employees: 151 1998 Sales: $51,425 1998 Profits: $4,058 Fiscal Year Ends: 12/31 1997 Sales: $43,812 1997 Profits: $5,579
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Y Profit Sharing: Stock Purch. Plan: Offers a wide array of services.
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Apparent Women Officers or Directors: Hot Spot for Advancement for Women/Minorities: Y
Top Exec. Salary: $183,333 Second Exec. Salary: $135,000
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest: Y
Southeast:
Bonus: Bonus:
$17,560 $ 150
Northeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
www.plunkettresearch.com
HOENIG GROUP INC
419
www.hoeniggroup.com
Industry Group Code: 523110 Ranks within this company's industry group: Sales: 27 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Y
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y
Technology: Finan. Software: Information Sys.: Online Services : Special Equipment: Consulting:
Profits: 24
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Stock Brokerage/Investment Banking Investment Advisory Services and Research Investment Management Services
Hoenig Group, Inc., through its subsidiaries, provides global securities brokerage, marketing and distribution of proprietary and independent research and other related services to institutional investors. Subsidiaries of the company include Hoenig & Co., Inc., Hoenig & Company Limited and Hoenig (Far East) Limited. Hoenig & Co., Inc. provides institutional brokerage services to professional money managers and other institutional clients based in the U.S. Hoenig & Company Limited provides institutional brokerage services to European and U.K. clients. Moreover, Hoenig (Far East) Limited provides institutional brokerage services to professional fund managers and dealers throughout Asia. Axe-Houghton, the company's investment management subsidiary, handles investments for public and corporate benefit plans, investment partnerships and other international clients. This subsidiary provides its services across a wide range of asset classes, including small and mid-capitalization growth and value equities. Recently, the company sold off the Core International ADR and Domestic Equity Index institutional investment management businesses of AxeHoughton Associates to The Bank of New York. The firm has offices in Boston, Hong Kong, London and New York, as well as executive offices in Rye Brook, New York. In total, Hoenig Group serves more than 500 institutional clients in 34 countries across the globe.
BRANDS/DIVISIONS/AFFILIATES: Hoenig & Co., Inc. Hoenig & Company Limited Hoenig Limited Axe-Houghton Associates, Inc.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Fredric P. Sapirstein, CEO Max H. Levine, Pres. Alan B. Herzog, COO Alan B. Herzog, CFO Kathryn L. Hoenig, Corp. Sec. Kathryn L. Hoenig, General Counsel Robin A. Green, Managing Dir., Hoenig (Far East), Ltd. Hugh Humfrey, Managing Dir., Hoenig & Company, Ltd. Seth M. Lynn, Jr., Pres./CEO, Axe-Houghton Associates, Inc.
Phone: 914-935-9000 Fax: 914-935-9146 Toll-Free: 800-999-9558 Address: 4 International Drive, Rye Brook, NY 10573 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $76,800 ( 9 months) 2001 Profits: $- 600 ( 9 months) 2000 Sales: $103,282 2000 Profits: $8,367 Stock Ticker: HOEN 1999 Sales: $94,082 1999 Profits: $6,377 Employees: 104 1998 Sales: $85,224 1998 Profits: $4,686 Fiscal Year Ends: 12/31 1997 Sales: $78,412 1997 Profits: $3,580
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Profit Sharing: Y Top Exec. Salary: $400,000 Stock Purch. Plan: Y Second Exec. Salary: $400,000 Has offices in London, Hong Kong and Tokyo/Focus on institutional clients.
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Southeast:
Bonus: Bonus:
$1,795,155 $1,202,000
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International: Y
420
www.plunkettresearch.com
HOME FEDERAL BANCORP
www.homf.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 134 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 122
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking/Savings Association Insurance Brokerage and Management Mortgages Loans Real Estate
Home Federal Bancorp acts as a holding company for Home Federal Savings Bank, which operates more than 18 branches in south central Indiana. The company also operates an ATM network at 16 locations in its primary market areas. In addition, Home Federal participates in the Plus System and the Cirrus System, which are nationwide electronic funds transfer networks. Founded in 1908, the bank targets individuals and local businesses, offering such standard retail services as checking and savings accounts, money market accounts, individual retirement accounts (IRAs), NOW accounts, commercial demand deposit accounts and certificates of deposit. Customers of the bank can access their accounts around the clock through the firm’s telephone and online banking services. Lending activities consist mostly of one- to fourfamily mortgages, and also commercial real estate, consumer auto, credit card, second mortgage, home equity, mobile home and savings account loans. Home Federal also invests in mortgage-backed securities, collateralized mortgage obligations and various U.S. Government-based securities . Bank subsidiary Home Savings Corporation (HSC) provides brokerage services and, through joint ventures, sells insurance and annuities and develops real estate. HSC also markets securities brokerage services for Raymond James Financial.
BRANDS/DIVISIONS/AFFILIATES: Home Federal Savings Bank Raymond James Financial Home Savings Corporation
CONTACTS: Note: Officers with more than one job ti tle may be intentionally listed here more than once. John K. Keach, Jr., CEO John K. Keach, Jr., Pres. Gerald L. Armstrong, COO Lawrence E. Welker, CFO Lawrence E. Welker, Corp. Sec. Lawrence E. Welker, Treas. S. Elaine Pollert, Sr. VP-Retail Banking
Phone: 812-522-1592 Fax: 812-522-1611 Toll-Free: 800-952-6646 Address: 222 W. Second Street, Seymour, IN 47274 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 12 months. 2001 Sales: $73,800 (12 months) 2001 Profits: $9,500 (12 months) 2000 Sales: $65,500 2000 Profits: $9,400 Stock Ticker: HOMF 1999 Sales: $64,200 1999 Profits: $10,500 Employees: 264 1998 Sales: $64,800 1998 Profits: $10,390 Fiscal Year Ends: 6/30 1997 Sales: $58,700 1997 Profits: $6,846
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Top Exec. Salary: $305,250 Second Exec. Salary: $153,000 Offers a wide range of products/services.
Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
Profit Sharing:
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest: Y
Southeast:
Bonus: Bonus:
$ $
Northeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
www.plunkettresearch.com
421
HOMEGOLD FINANCIAL INC
www.homegold.com
Industry Group Code: 522310 Ranks within this company's industry group: Sales: 13 Investm ents: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 14
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Mortgages High Risk Mortgages
HomeGold Financial Inc. (HomeGold), a specialty finance company primarily engaged in the business of originating, selling and servicing sub-prime first and second-lien residential mortgage loan products, is one of the nation's fastest growing home equity lenders. The company specializes in home purchase loans, home equity loans and debt consolidation loans. Sub-prime borrowers generally have limited access to credit or are considered credit-impaired by conventional lenders such as thrift institutions and commercial banks, which have comparatively stringent and inflexible loan underwriting guidelines. The company provides mortgage loan products primarily to owners of single-family residences who use the loan proceeds for such purposes as refinancing, debt consolidation, home improvements and educational expenditures. HomeGold has invested significantly in technology and the training of personnel to improve and expand its underwriting, servicing, and collection functions. The firm believes its current operations are capable of supporting increases in both loan origination volume and securitization servicing capacity. HomeGold recently merged with HomeSense Financial Corp. The company also recently completed a successful tender, relieving it of financial restrictions and providing it with significantly more financing options in future operations.
BRANDS/DIVISIONS/AFFILIATES: HomeSense Financial Corp.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Ronnie Sheppard, CEO Forrest Ferrell, Pres. Forrest Ferrell, CFO Karen A. Miller, Exec. VP/Chief Tech. Officer William E. Long, Exec. VP/General Counsel Tony L. Park, Exec. VP-Retail Oper. Forrest Ferrell, Treas. David C. Gaffney , Exec. VP-Legal & Compliance
Phone: 864-289-5000 Fax: 888-580-7870 Toll-Free: 888-466-4858 Address: 3901 Pelham Rd., Greenville, SC 29615 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $42,600 ( 9 months) 2001 Profits: $-16,800 ( 9 months) 2000 Sales: $47,600 2000 Profits: $-29,800 Stock Ticker: HGFN 1999 Sales: $29,200 1999 Profits: $1,800 Employees: 693 1998 Sales: $91,700 1998 Profits: $-57,700 Fiscal Year Ends: 12/31 1997 Sales: $127,000 1997 Profits: $11,300
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Top Exec. Salary: $281,943 Second Exec. Salary: $173,076 The firm has focused on the risky subprime market.
Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
Profit Sharing:
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Southeast:
Bonus: Bonus:
$ $
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
422
www.plunkettresearch.com
HOPFED BANCORP INC Industry Group Code: 522110 Ranks within this company's industry group: Sales: 198 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Y
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 171
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y Y Y Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking/Savings Associations Mortgages Securities Investments Commercial and Consumer Loans
HopFed Bancorp, Inc. is the holding company for Hopkinsville Federal Bank, a federal stock savings bank headquartered in Hopkinsville, Kentucky. The bank operates branch offices located in Hopkinsville, Murray, Cadiz and Elkton, Kentucky. The business of the bank primarily consists of attracting deposits from the general public and investing such deposits in loans secured by one to four-family residential properties. The company also invests in securities, including U.S. Government and agency securities and mortgage-backed securities. The bank offers several deposit options, including money market accounts, traditional checking and savings account, passbook savings accounts, individual retirement accounts (IRAs) and certificates of deposit. Aside from mortgages, the bank also provides lending services for single-family residential/construction loans and multifamily and commercial real estate loans, as well as other commercial and consumer loans. Residential mortgage loans account for approximately 75% of the bank’s loan portfolio. The primary market area of the Bank consists of the adjacent counties of Calloway, Christian, Todd, Marshall and Trigg located in southwestern Kentucky. The company recently announced the opening of a new Hopkinsville Federal Bank branch office in Benton, Kentucky.
BRANDS/DIVISIONS/AFFILIATES: Hopkinsville Federal Savings Bank
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. John Peck, CEO John Peck, Pres. Billy C. Duvall, CFO Boyd M. Clark, Corp. Sec. Boyd M. Clark, Sr. VP-Loan Admin.
Phone: 502-885-1171 Fax: 502-889-0313 Toll-Free: Address: 2700 Fort Campbell Blvd., Hopkinsville, KY 42240 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $13,700 ( 9 months) 2001 Profits: $1,000 ( 9 months) 2000 Sales: $16,900 2000 Profits: $2,700 Stock Ticker: HFBC 1999 Sales: $21,200 1999 Profits: $2,500 Employees: 36 1998 Sales: $15,051 1998 Profits: $2,951 Fiscal Year Ends: 12/31 1997 Sales: $14,311 1997 Profits: $2,023
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Y Profit Sharing: Stock Purch. Plan: Small company with local focus.
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Apparent Women Officers or Directors: Hot Spot for Advancement for Women/Minorities:
Top Exec. Salary: $59,374 Second Exec. Salary: $37,511
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest: Y
Southeast:
Bonus: Bonus:
$ $
Northeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
www.plunkettresearch.com
423
HORACE MANN EDUCATORS CORPORATION www.horacemann.com Industry Group Code: 524113 Ranks within this company's industry group: Sales: 58 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Y
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 68
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Insurance Company-Underwriting Property and Casualty Insurance Life Insurance Annuities
Horace Mann Educators Corporation (HMEC) underwrites and markets personal lines of property, casualty and life insurance and retirement annuities. HMEC’s principal insurance subsidiaries are the Horace Mann Insurance Company, Teachers Insurance Company, Horace Mann Life Insurance Company, Allegiance Insurance Company and Horace Mann Lloyds. The company markets its products primarily to educators and other employees of public schools and their families. Both the life insurance and the property & casualty insurance companies have been named to the Ward's 50 lists of the nation's outstanding insurers. Horace Mann is one of only four corporations to be recognized nationally for eight straight years. The company offers its employees medical and dental insurance, group life coverage and tuition reimbursement.
BRANDS/DIVISIONS/AFFILIATES: Horace Mann Insurance Company Teachers Insurance Company Horace Mann Life Insurance Company Allegiance Insurance Company Horace Mann Lloyds
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Louis G. Lower, CEO Peter Heckman, CFO Thomas K. Manion, Sr. VP-Controller Ann M. Caparros, General Counsel J. Michael Henderson, VP-Treas. George J. Zock, Exec. VP-Insurance Oper.
Phone: 217-789-2500 Fax: 217-788-5161 Toll-Free: Address: One Horace Mann Plaza, Springfield, IL 62715-0001 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $608,300 ( 9 months) 2001 Profits: $20,900 ( 9 months) 2000 Sales: $781,200 2000 Profits: $20,800 Stock Ticker: HMN 1999 Sales: $775,400 1999 Profits: $44,500 Employees: 2,700 1998 Sales: $779,400 1998 Profits: $85,300 Fiscal Year Ends: 12/31 1997 Sales: $747,000 1997 Profits: $83,600
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Top Exec. Salary: $458,337 Bonus: Second Exec. Salary: $250,008 Bonus: Primarily markets its products to teachers and other public school employees.
Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
Profit Sharing:
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
$400,000 $
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
424
www.plunkettresearch.com
HORIZON BANCORP
www.horizon-bancorp.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 150 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 155
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking/Savings Associations Mortgages Insurance Company-Underwriting
Horizon Bancorp conducts business solely through its subsidiaries, Horizon Bank, N.A., HBC Insurance Group, Inc. and The Loan Store, Inc. Horizon Bank is a fullservice commercial bank offering a broad range of commercial and retail banking and other related services. The bank maintains four facilities in LaPorte County, Indiana and four facilities in Porter County, Indiana. Horizon Bancorp also operates through two other subsidiaries: Horizon Trust & Investment Management, N.A. (HTIM) and Horizon Insurance Services, Inc. HTIM offers corporate and individual trust and agency services and investment management services. Horizon Insurance offers a full line of commercial and personal insurance products. The company also offers credit insurance through HBC Insurance Group. The Loan Store, Inc. is engaged in the business of retail lending and operates in Highland, South Bend and Michigan City, Indiana.
BRANDS/DIVISIONS/AFFILIATES: Horizon Bank HBC Insurance Group Loan Store, Inc. (The) IMS Investment Management, Inc. Phoenix Insurance Services, Inc. Horizon Trust and Investment Management, N.A. Horizon Insurance Services, Inc.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Robert C. Dabagia, CEO Craig M. Dwight, Pres. James H. Foglesong, CFO Craig M. Dwight, Chief Admin. Officer Lawrence J. Mazur, Pres.-Horizon Trust & Investment Management Thomas H. Edwards, Exec. VP-Senior Lender
Phone: 219-879-0211 Fax: 219-874-9305 Toll-Free: Address: 515 Franklin Square, Michigan City, IN 46360 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $37,800 ( 9 months) 2001 Profits: $3,100 ( 9 months) 2000 Sales: $48,900 2000 Profits: $3,800 Stock Ticker: HBNC 1999 Sales: $36,800 1999 Profits: $- 400 Employees: 209 1998 Sales: $33,300 1998 Profits: $1,083 Fiscal Year Ends: 12/31 1997 Sales: $33,900 1997 Profits: $1,721
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Y Profit Sharing: Top Exec. Salary: $180,038 Stock Purch. Plan: Second Exec. Salary: $133,743 Diversified services and expanded lines of business.
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Apparent Women Officers or Directors: Hot Spot for Advancement for Women/Minorities:
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest: Y
Southeast:
Bonus: Bonus:
$45,060 $45,060
Northeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
www.plunkettresearch.com
HORIZON FINANCIAL CORP
425
www.horizon-bank.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 146 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 123
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking/Savings Associations Mortgages
Horizon Financial Corp. is the bank holding company for Horizon Bank. The business of Horizon Bank consists primarily of attracting savings deposits from the general public and originating first mortgage loans on residential properties. The bank also makes first mortgage loans on commercial and multi-family residential properties, and, to a limited extent, loans secured by savings accounts and consumer loans. Horizon Bank’s savings and lending operations are conducted through 15 full-service office facilities located in Whatcom, Skagit and Snohomish Counties in Washington. The bank is one of the area’s leading providers of residential and commercial real estate loans, with a market share of approximately 12% in Whatcom County. Horizon has continued expansion with the opening of two new offices and the purchase of a third.
BRANDS/DIVISIONS/AFFILIATES: Horizon Bank Westward Financial Services, Inc. Bellingham Bancorporation Bank of Bellingham
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. V. Lawrence Evans, CEO V. Lawrence Evans, Pres. Rich Jacobson, VP-CFO Christine C. Hagen, VP- Human Resources Kelli J. Holz, Controller Richard P. Jacobson, VP-Corp. Sec. A. R. Ayala, Sr. VP-Oper.
Phone: 360-733-3050 Fax: 360-733-7019 Toll-Free: 800-955-9194 Address: 1500 Cornwall Avenue, Bellingham , WA 98225 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 12 months. 2001 Sales: $58,800 (12 months) 2001 Profits: $8,300 (12 months) 2000 Sales: $52,800 2000 Profits: $8,700 Stock Ticker: HRZB 1999 Sales: $45,200 1999 Profits: $8,600 Employees: 166 1998 Sales: $42,600 1998 Profits: $8,200 Fiscal Year Ends: 3/31 1997 Sales: $40,300 1997 Profits: $7,800
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Y Profit Sharing: Y Stock Purch. Plan: Growth through acquisitions.
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Apparent Women Officers or Directors: 2 Hot Spot for Advancement for Women/Minorities: Y
Top Exec. Salary: $182,700 Second Exec. Salary: $
LOCATIONS: ("Y" = Yes) West: Y
Southwest:
Midwest:
Southeast:
Bonus: Bonus:
$17,351 $
Northeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
426
www.plunkettresearch.com
HOUSEHOLD INTERNATIONAL INC
www.household.com
Industry Group Code: 522291 Ranks within this company's industry group: Sales: 1 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 1
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
Y
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Consumer Finance Home Equity Loans Automobile Finance Loans Credit Card Services
Household International, Inc. provides middle-market consumers with several types of loan products. These products include real estate secured loans, auto finance loans, MasterCard and Visa credit cards, private label credit cards, tax refund anticipation loans, retail installment sales finance loans and credit and specialty insurance. The company generally targets individuals who have limited credit histories, modest income, high debt-toincome ratios or have experienced credit problems caused by occasional delinquencies. In the Spring of 2001, Household partnered with Verilytics to launch YourCreditCounts.com, a consumer credit education portal. Web site visitors receive free credit reports, information from industry experts on how to monitor, read and understand credit ratings and online bill payment services. In addition to its MasterCard and Visa credit card offerings, the firm offers the GM Card, which enables customers to earn discounts on the purchase or lease of a new GM vehicle. Recently, the company reached an agreement with Microsoft Corp. to manage Microsoft’s newly developed private label credit card program. The program allows Microsoft System Builder Program participants to receive up to a $25,000 credit line and purchase Microsoft products through participating distributors. Additionally, the firm has formed a partnership with Rooms To Go, a leading consumer furniture retailer. The partnership allows customers who apply for a Rooms To Go credit card to simultaneously apply for a Household Bank MasterCard. Household International, Inc. has been rated by Working Mother magazine as one of the 100 Best Companies for working mothers for two consecutive years. The company offers its employees referral bonuses, performance incentive plans, tuition reimbursement and medical, dental and vision insurance.
BRANDS/DIVISIONS/AFFILIATES: YourCreditCounts.com Rooms To Go Beneficial Corporation Household Finance Corporation
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. William F. Aldinger, CEO David A. Schoenholz, CFO Colin P. Kelly, Sr. VP-Human Resources Kenneth H. Robin, Corp. Sec. Kenneth H. Robin, General Counsel Gary D. Gilmer, Group Exec.-Consumer Lending Siddharth N. Mehta, Group Exec.-Credit Card Services Rocco J. Fabino, Group Exec.-Retail Finance
Phone: 847-564-5000 Fax: 847-205-7401 Toll-Free: Address: 2700 Sanders Rd., Prospect Heights, IL 60070-2799 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $10,272,100 ( 9 months) 2001 Profits: $1,374,600 ( 9 months) 2000 Sales: $11,960,900 2000 Profits: $1,700,700 Stock Ticker: HI 1999 Sales: $9,499,100 1999 Profits: $1,486,400 Employees: 28,000 1998 Sales: $8,707,600 1998 Profits: $524,100 Fiscal Year Ends: 12/31 1997 Sales: $5,503,100 1997 Profits: $686,600
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Profit Sharing: Top Exec. Salary: $1,000,000 Bonus: Stock Purch. Plan: Y Second Exec. Salary: $509,616 Bonus: In business for over 115 years/Serves approximately 19 million customer accounts.
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Apparent Women Officers or Directors: Hot Spot for Advancement for Women/Minorities:
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
$4,000,000 $2,000,000
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International: Y
www.plunkettresearch.com
427
HPSC INC
www.hpsc.com
Industry Group Code: 522220A Ranks within this company's industry group: Sales: 8 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 11
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Leasing/Financing-Business Equipment, Cars, Trucks
HPSC, Inc. is a specialty finance company engaged primarily in financing licensed health care providers throughout the United States. The largest portion of the company's revenues comes from its financing of healthcare equipment and the purchase of healthcare practices. HPSC has over 20 years of experience as a provider of financing to healthcare providers in the United States. Through its subsidiary, American Commercial Finance Corporation, the company also provides assetbased lending to commercial and industrial businesses, principally in the eastern United States. HPSC finances dental, ophthalmic, chiropractic, veterinary and other medical equipment utilized in the healthcare professions. In addition, HPSC acquires financed equipment from vendors at their customary selling prices to other customers. The company also finances the acquisition of healthcare practices by healthcare professionals and provides financing on leasehold improvements, office furniture and equipment, as well as certain other costs involved in opening or maintaining a healthcare provider's office. HPSC was recently ranked ninth on the Boston Globe Growth 50, which highlights the 50 fastest-growing companies in Massachusetts.
BRANDS/DIVISIONS/AFFILIATES: Health Care Financing and Equipment Leasing American Commercial Finance Corporation
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. John W. Everets, CEO Raymond R. Doherty, Pres. Raymond R. Doherty, COO Rene Lefebvre, CFO Rene Lefebvre, Treas.
Phone: 617-720-3600 Fax: 800-526-0259 Toll-Free: 800-225-2488 Address: 60 State St., Boston, MA 02109 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $40,900 ( 9 months) 2001 Profits: $2,300 ( 9 months) 2000 Sales: $52,322 2000 Profits: $ 87 Stock Ticker: HDR 1999 Sales: $40,978 1999 Profits: $2,719 Employees: 117 1998 Sales: $33,963 1998 Profits: $1,976 Fiscal Year Ends: 12/31 1997 Sales: $24,620 1997 Profits: $1,121
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Y Profit Sharing: Top Exec. Salary: $345,000 Stock Purch. Plan: Second Exec. Salary: $240,000 Expanded sales and marketing force.
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Bonus: Bonus:
$345,000 $151,000
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
428
www.plunkettresearch.com
HSB GROUP INC
www.hsb.com
Industry Group Code: 524113 Ranks within this company's industry group: Sales: Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits:
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing: Y
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Insurance Company-Underwriting Specialty Insurance Engineering Services
HSB Group, Inc. is the holding company for The Hartford Steam Boiler Inspection and Insurance Company and a subsidiary of American International Group. HSB is a global provider of loss prevention and engineering services, equipment breakdown insurance and other specialty insurance services. The company is a worldwide leader with a significant U.S. and Canadian market share in the equipment breakdown insurance business. Member company HSB Engineering Insurance, Limited provides equipment breakdown insurance and specialized engineering services outside the United States and Canada. Solomon Associates is a division of HSB Reliability Technologies, providing benchmarking studies and performance improvement programs to oil refineries around the world. The primary business of HSB is providing insurance against losses from accidents to boilers, pressure vessels, air conditioning and other mechanical and electrical machinery. A critical adjunct to this business is the application of engineering and advanced technology to help manage risk, improve economies and solve the operational problems of clients worldwide. As part of this philosophy, the company became the first in 2001 to underwrite limited warranties for industrial equipment sold over the Internet. HSB Reliability Technologies recently formed an alliance with Bethlehem Steel Corporation to offer maintenance management and optimization consulting services to Bethlehem's customers and other trading partners. HSB offers employees medical, dental and life coverage, as well as educational assistance.
BRANDS/DIVISIONS/AFFILIATES: HSB Engineering Insurance, Limited HSB Industrial Risk Insurers HSB Professional Loss Control HSB Reliability Technologies Industrial Risk Insurers Solomon Associates HSB Inspection and Insurance Company (The) American International Group
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Richard H. Booth, CEO Richard H. Booth, Pres. Saul L. Basch, Sr. VP-CFO Anthony J. Trivella, Sr. VP-Sales and Mktg. William J. Rucci, CIO Theodore D. Kmiecik, Controller R. Kevin Price, Sr. VP-Corp. Sec. Robert C. Walker, General Counsel John W. Frank, VP-Strategic Dev. Saul L. Basch, Treas.
Phone: 860-722-1866 Fax: 860-722-5106 Toll-Free: Address: 1 State St., Hartford, CT 06102 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for months. 2001 Sales: $ ( months) 2001 Profits: $ ( months) 2000 Sales: $ 2000 Profits: $ Stock Ticker: Subsidiary 1999 Sales: $ 1999 Profits: $ Employees: 2,471 1998 Sales: $ 1998 Profits: $ Fiscal Year Ends: 12/31 1997 Sales: $ 1997 Profits: $
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Profit Sharing:
Top Exec. Salary: $ Second Exec. Salary: $ Specialization and expertise in industrialized insurance.
Apparent Women Officers or Directors: Hot Spot for Advancement for Women/Minorities: Y
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Bonus: Bonus:
Southeast: Y
$ $
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International: Y
www.plunkettresearch.com
HSBC BANK USA
www.banking.us.hsbc.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 18 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Y
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
429
Y Y Y Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 22
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y Y Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex , etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking/Savings Associations Mortgages Securities Brokerage Factoring Mutual Funds Global Wholesale Trading Currency Trading
HSBC Bank is a leading diversified financial services company, operating primarily in New York. The company is a subsidiary of HSBC USA, Inc., which in turn is a subsidiary of HSBC Holdings PLC. The HSBC abbreviation stems from the Hong Kong Shanghai Bank Company, a prominent bank that first operated in the crown colony of Hong Kong. HSBC USA is the 11th largest U.S. bank holding company with combined assets of more than $85 billion. HSBC Bank USA has the most extensive branch network in the state of New York, operating over 420 branches. The bank is also the third largest depository institution in the state. In addition to its New York branches, the institution operates eight branches in Florida, two in Pennsylvania, three in California and 17 in Panama. The company also provides an extensive network of more than 626 proprietary ATMs. Moreover, customers can access cash from their accounts from more than 600,000 ATMs worldwide. HSBC Bank USA is one of the top banks selling insurance in the U.S. Through its subsidiaries, the company provides a number of diversified financial services including financial advisory services; private banking; commercial and equipment finance and factoring; residential real estate lending protection; investment insurance services; and discount brokerage services. HSBC Bank USA also offers Internet banking. HSBC Bank USA offers a number of extra employee incentives, including a scholarship fund for children of its employees, tuition reimbursement, commuter expense reimbursement and an image apparel program through a partnership with Lands’ End.
BRANDS/DIVISIONS/AFFILIATES: HSBC USA, Inc. HSBC Republic International Bank HSBC Business Credit HSBC Mortgage Corporation HSBC Insurance Agency HSBC Brokerage Republic National Bank of New York HSBC Holdings PLC
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Youssef A. Nasr, CEO Youssef A. Nasr, Pres. Robert M. Butcher, CFO Philip S. Toohey, Corp. Sec. Philip S. Toohey, General Counsel Robert H. Muth, Chief Admin. Officer-HSBC Bank USA Joseph Petri, Treas. Sandy Flockhart, Sr. Exec. VP-Commercial Banking George T. Wendler, Chief Credit Officer Niall Booker, CEO, Int'l Private Banking-Americas Vincent J. Mancuso, Group Audit Exec.
Phone: 212-525-6100 Fax: 212-658-5973 Toll-Free: Address: 452 Fifth Ave., New York, NY 10018-2706 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for months. 2001 Sales: $ ( months) 2001 Profits: $ ( months) 2000 Sales: $6,150,000 2000 Profits: $567,500 Stock Ticker: Subsidiary 1999 Sales: $2,784,000 1999 Profits: $463,712 Employees: 14,200 1998 Sales: $2,793,100 1998 Profits: $527,100 Fiscal Year Ends: 12/31 1997 Sales: $ 1997 Profits: $
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Top Exec. Salary: $ Second Exec. Salary: $ Affiliation with the global banking organization, HSBC.
Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
Profit Sharing:
LOCATIONS: ("Y" = Yes) West: Y
Southwest:
Midwest: Y
Bonus: Bonus:
Southeast: Y
$ $
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International: Y
430
www.plunkettresearch.com
HUDSON RIVER BANCORP
www.hudsonriverbank.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 132 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 121
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking/Savings Association
Hudson River Bancorp is the holding company for the Hudson River Bank & Trust Company, a savings bank serving New York's Albany, Columbia, Dutchess, Rensselaer, and Schenectady Counties. The company's primary market area consists of suburban and rural communities with service, wholesale/retail trade, government and manufacturing as the basis of the local econom y. Service jobs represent the largest type of employment in the company's primary market area, with jobs in wholesale/retail trade accounting for the second largest employment sector. The company recently acquired the Ambanc Holding Company, Inc. and its subsidiary Mohawk Community Bank, making Hudson the largest locally based financial institution in the Capital District area. Hudson Bank & Trust recently made several upgrades in technology that have increased efficiency while improving customer service. The company installed a new front-end system primarily for its branch network; upgraded its wide-area network connecting each employee, whether in the main office or in the company's branch network; placed into service a new check image processing system ; and implemented a new cold storage technology.
BRANDS/DIVISIONS/AFFILIATES: Hudson River Bank & Trust Company Ambanc Holding Company, Inc. Mohawk Community Bank
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Carl A. Florio, CEO Carl A. Florio, Pres. Timothy E. Blow , CFO James F. Mackerer, Sr. VP-Mktg. Carol J. Dube, Sr. VP-Oper.
Phone: 518-828-4600 Fax: 518-828-0082 Toll-Free: Address: One Hudson City Centre, Hudson, NY 12534 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 12 months. 2001 Sales: $96,300 (12 months) 2001 Profits: $11,700 (12 months) 2000 Sales: $79,000 2000 Profits: $9,500 Stock Ticker: HRBT 1999 Sales: $65,944 1999 Profits: $3,807 Employees: 333 1998 Sales: $58,232 1998 Profits: $2,831 Fiscal Year Ends: 3/31 1997 Sales: $54,707 1997 Profits: $5,660
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Top Exec. Salary: $252,000 Second Exec. Salary: $128,600 Expanding technology-based services.
Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
Profit Sharing:
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Southeast:
Bonus: Bonus:
$75,600 $32,150
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
www.plunkettresearch.com
HUDSON UNITED BANCORP
www.hudsonunitedbank.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 73 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
431 Profits: 80
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y Y Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
Y
Y
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Mortgages Real Estate Investment Management Loans Safe Deposit Boxes Data Processing
Hudson United Bancorp is the bank holding company for Hudson United Bank, a full-service commercial bank with over 200 branch offices in New York, New Jersey, Connecticut and Pennsylvania. The bank offers a full range of financial services, n i cluding imaged checking, deposit accounts, trust services, safe deposit boxes, insurance, loans, cash management services and mutual funds. Hudson United’s deposit accounts include savings, time, money market and a variety of interest bearing transaction accounts. The bank’s lending activities primarily consist of commercial, real estate and consumer loans, as well as credit card programs. In addition, customers can access certain banking services, such as paying bills and viewing account information, via the Internet or telephone. The company also operates several subsidiaries involved in data processing, investment securities and real estate assets. Hudson Valley’s Public Sector Group addresses the financial needs of state and local governments, schools and universities, public sector projects, charities, membership organizations and not-forprofit associations. The company recently received preferred lender status in New York from the U.S. Small Business Administration (SBA).
BRANDS/DIVISIONS/AFFILIATES: Hudson United Bank Hendrick Hudson Corp. United Financial Services, Inc. HUB Investment Services, Inc. Fair Street Associates, Inc. Markgard Realty, Inc. Plural Realty of Chappaqua, Inc. PSB Building Corp.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Kenneth T. Neilson, CEO Kenneth T. Neilson, Pres. William A. Houlihan, CFO William R. Coda, Exec. VP-Human Resources James Mayo, Exec. VP-Tech. D. Lynn Van Borkulo-Nuzzo, Corp. Sec. James Mayo, Exec. VP-Oper. John F. McIlwain, Chief Credit Officer Thomas J. Shara, Jr., Sr. Loan Officer Susan M. Staudmyer, Exec. VP-Retail Banking Thomas R. Nelson, Pres., Shoppers Charge Accounts Co.
Phone: 201-236-2600 Fax: 201-236-2649 Toll-Free: Address: 1000 MacArthur Blvd., Mahwah, NJ 07430 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $431,600 ( 9 months) 2001 Profits: $69,200 ( 9 months) 2000 Sales: $639,400 2000 Profits: $49,800 Stock Ticker: HU 1999 Sales: $733,300 1999 Profits: $69,300 Employees: 1,899 1998 Sales: $677,300 1998 Profits: $26,800 Fiscal Year Ends: 12/31 1997 Sales: $686,000 1997 Profits: $84,000
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Top Exec. Salary: $591,341 Second Exec. Salary: $260,000 Highly diversified/Over 200 branch offices.
Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
Profit Sharing:
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Southeast:
Bonus: Bonus:
$ $
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
432
www.plunkettresearch.com
HUMANA INC
www.humana.com
Industry Group Code: 621491 Ranks within this company's industry group: Sales: 3 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 7
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Y
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
Y
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: HMO Mental Health Plans Workers' Compensation Dental Plans Group Life Plans Wellness Programs
Humana is one of the top health care providers in the country, and has 6.5 million medical members in 18 states, primarily in the South and Midwest, and Puerto Rico. Its services are marketed mostly through health maintenance organizations and preferred provider organizations that promote or require the use of contracted providers. The company also offers a wide variety of services to employees, such as workers’ compensation, dental plans and group life plans. Furthermore, the firm offers general wellness programs for individuals seeking to better their health. To serve its members, Humana contracts with over 330,000 physicians and 2,500 hospitals through its ChoiceCare Network, one of the largest in the U.S. The firm also contracts with more than 39,000 pharmacies across the U.S. and Puerto Rico. Humana provides health benefits and related services to companies ranging from fewer than 10 to tens of thousands of employees. More than 120,000 small businesses with an average size of nine employees rely on the company for medical coverage. Recently, Humana has been focusing on enhancing its e-business operations. The firm has formed key strategic relationships with several Internet giants, including Microsoft, Oracle, WebMD and Electronic Data Systems, to strengthen its web-based technology. Clients of Humana are able to access valuable, personalized medical information via the Internet, which assists them in making their own health care decisions. The company and CorSolutions, a disease intervention company, recently launched eCorSolutions, an online program enabling Humana members in disease intervention programs to adhere more closely to treatm ent regimens and to monitor their health status in real-time. Humana offers its employees a broad array of additional benefits, including fitness centers, tuition reimbursement, scholarship programs for children of employees and adoption assistance.
BRANDS/DIVISIONS/AFFILIATES: Humana Military Healthcare Services (HMHS) ChoiceCare Network HumanaDental CorSolutions Humana Ventures HUM-e-FL, Inc. Humana Gold Plus HumanaHealthSM
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Michael B. McCallister, CEO Michael B. McCallister, Pres. Kenneth J. Fasola, COO- Market Oper. James H. Bloem, CFO Steve Moya, Chief Mktg. Officer Bonnie C. Hathcock, Chief Human Resources Officer Bruce Goodman, CIO David M. Krebs, VP-Finance/Controller Joan O. Lenahan, Corp. Sec. Art Hipwell, General Counsel Kathy Augustian-Hinkfuss, VP-Service Oper. Tom Liston, Sr. VP-Strategy & Corp. Dev. Tom Noland, Sr. VP-Corp. Comm. Regina C. Nethery, VP-Investor Rel. Jim Murray, COO-Service Oper. Douglas R. Carlisle, Sr. VP-Market Oper. Jack Lord, Chief Clinical Strategy Officer Heidi Margulis, Sr. VP-Gov't Rel.
Phone: 502-580-1000 Fax: 502-580-4188 Toll-Free: 800-486-2620 Address: 500 W. Main St., Louisville, KY 40202 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 6 months. 2001 Sales: $4,860,000 ( 6 months) 2001 Profits: $52,000 ( 6 months) 2000 Sales: $10,514,000 2000 Profits: $90,000 Stock Ticker: HUM 1999 Sales: $10,113,000 1999 Profits: $-382,000 Employees: 15,600 1998 Sales: $9,781,000 1998 Profits: $129,000 Fiscal Year Ends: 12/31 1997 Sales: $8,036,000 1997 Profits: $173,000
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Profit Sharing:
Top Exec. Salary: $1,105,000 Second Exec. Salary: $624,590 One of the largest and best known HMOs in the nation.
Apparent Women Officers or Directors: 3 Hot Spot for Advancement for Women/Minorities: Y
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Bonus: Bonus:
$228,900 $390,369
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
www.plunkettresearch.com
433
HUNTINGTON BANCSHARES INC
www.huntington.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 36 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Y
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y Y Y Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 32
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y Y Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
Y
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking/Savings Associations Mortgages Investment Banking Automobile Finance International Banking Insurance Agency Sales Discount Brokerage
Huntington Bancshares, Inc. (HBI), based in Columbus, Ohio, is a holding company for Huntington National Bank and Huntington State bank, among others. The company's subsidiaries primarily operate through Ohio and Michigan and offer consumer and business banking service, checking and savings accounts, credit cards, consumer loans and auto loans. Other lines of business conducted by the company include commercial loans, asset-based and alternative financing, international trade and cash management services, private banking, personal trust, asset services and a home mortgage business. HBI's fee income is steadily building through an increasing array of mutual fund and discount brokerage services and insurance agency sales. Its credit card business is also experiencing growth through the addition of affinity cards. Under pressure to compete with home state competitors such as Banc One, which has a strong national franchise, HBI is building its national customer base with phone, computer and Internet offerings that eliminate the need for branches. The banking subsidiaries of HBI operate in Indiana, Kentucky, Michigan, Ohio and West Virginia. The company has other subsidiary operations in Georgia, Maryland, New Jersey, North Carolina, Pennsylvania, South Carolina and Virginia and international operations in the Cayman Islands Hong Kong. Recently, HBI revamped its organization by introducing new divisions that will be responsible for existing services. One such division, the Capital Markets Group, will provide non-traditional financial solutions for corporate and institutional customers. In addition, the firm introduced Huntington Bank Equipment Finance, a new commercial line of business that will offer solutions for business capital equipment needs. In other news, HBI sold its Florida operations to SunTrust Banks. HBI offers its employees tuition reimbursement as well as medical and life insurance. In addition, the company recently instituted a company-wide employee stock option plan.
BRANDS/DIVISIONS/AFFILIATES: Huntington National Bank Huntington State Bank Capital Markets Group Huntington Bank Equipment Finance
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Thomas E. Hoaglin, CEO Thomas E. Hoaglin, Pres. Michael J. McMennamin, CFO Leslie P. Ridout, Jr., Exec. VP-Human Resources Richard A. Cheap, Corp. Sec. Richard A. Cheap, General Counsel Jay Gould, Dir.-Investor Rel. Michael J. McMennamin, Treas.
Phone: 614-480-8300 Fax: 614-480-5284 Toll-Free: 800-480-2265 Address: Huntington Center, 41 S. High St., Columbus , OH 43287 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results w ere not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $1,872,200 ( 9 months) 2001 Profits: $112,900 ( 9 months) 2000 Sales: $2,602,100 2000 Profits: $328,400 Stock Ticker: HBAN 1999 Sales: $2,599,600 1999 Profits: $422,100 Employees: 9,693 1998 Sales: $2,437,600 1998 Profits: $301,768 Fiscal Year Ends: 12/31 1997 Sales: $2,324,300 1997 Profits: $292,663
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Y Profit Sharing: Top Exec. Salary: $ Bonus: Stock Purch. Plan: Second Exec. Salary: $475,000 Bonus: 100-plus year history/Widely-dispersed customer base/Operations in several states.
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest: Y
Southeast: Y
$ $
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International: Y
434
www.plunkettresearch.com
INDEPENDENCE COMMUNITY BANK Industry Group Code: 522110 Ranks within this company's industry group: Sales: 82 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
www.icbny.com Profits: 79
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking/Savings Association Life Insurance Real Estate Investment Trust
Independence Community Bank Corp. is the holding company for Independence Savings Bank. The bank is a New York-chartered savings bank, which conducts businesses through 67 full service branches located in the New York City boroughs of Brooklyn, Queens, Manhattan, the Bronx, and Staten Island as well as Nassau County, New York and New Jersey. The bank is and intends to continue to be, a community-oriented institution whose business primarily consists of accepting deposits from customers and investing those funds primarily in residential loans, in particular those secured by multifamily residential properties and to a lesser extent, cooperative apartment shares and single-family residential properties. Independence Savings Bank sets itself apart from its many competitors by tailoring its products and services to meet the needs of its customers by emphasizing customer service and convenience and by being actively involved in community affairs in the neighborhoods and communities it serves. The bank targets its services to the working-class and immigrant neighborhoods in the Brooklyn and Queens boroughs of New York City, where most of its branches are located. The firm’s branches are able to speak up to 26 languages to assist its diverse customer base. In addition to banking, the company offers life insurance and owns a real estate investment trust. Independence recently announced a bank expansion program that will open five additional branch offices over an 18-month period.
BRANDS/DIVISIONS/AFFILIATES: Independence Savings Bank Broad National Bancorporation
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Alan Fishman, CEO Alan Fishman, Pres. John B. Zurell, CFO Frank Muzio, Controller John K. Schnock, Corp. Sec. John K. Schnock, General Counsel Alan J. Cohen, VP-Investor Relations Frank W. Baier, Treas. Harold A. McCleery, Chief Credit Officer John A. Dorman, Exec. VP-Bus. Banking Gary M. Honstedt, Exec. VP-Commercial Real Estate Lending Terrence J. Mitchell, Exec. VP-Consumer Banking
Phone: 718-722-5300 Fax: 718-722-5319 Toll-Free: Address: 195 Montague Street, Brooklyn, NY 11201 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 12 months. 2001 Sales: $509,000 (12 months) 2001 Profits: $62,000 (12 months) 2000 Sales: $419,400 2000 Profits: $53,200 Stock Ticker: ICBC 1999 Sales: $347,348 1999 Profits: $45,175 Employees: 1,442 1998 Sales: $303,276 1998 Profits: $-9,956 Fiscal Year Ends: 3/31 1997 Sales: $258,200 1997 Profits: $17,180
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Y Profit Sharing: Top Exec. Salary: $549,562 Stock Purch. Plan: Second Exec. Salary: $264,510 Large, regional market share/Steady expansion.
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Apparent Women Officers or Directors: Hot Spot for Advancement for Women/Minorities: Y
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Southeast:
Bonus: Bonus:
$129,706 $62,592
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
www.plunkettresearch.com
435
INDEPENDENCE FEDERAL SAVINGS Industry Group Code: 522110 Ranks within this company's industry group: Sales: 186 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
www.ifsb.com Profits: 192
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking/Savings Associations
Independence Federal Savings is a federally-chartered savings bank located in Washington, D.C. that serves the credit needs of its community by emphasizing first mortgage and student loan lending programs. As one of the U.S.' largest African-American-owned businesses, the bank operates four branches in Washington, D.C. and one in Chevy Chase, Maryland. Independence Federal provides loans primarily to lower income residents. While 99% of its loan portfolio consists of mortgages secured by single-family homes, the bank also focuses on providing guaranteed student loans through Sallie Mae. Its deposit activities include passbook, NOW and money market accounts and CDs. Independence Federal's principal business is obtaining funds in the form of deposits and other borrowings and investing such funds in residential real estate loans, guaranteed student loans, mortgagebacked securities, governm ent securities, and, to a lesser extent, consumer loans and commercial loans. The firm recently began to participate in a mortgage-outsourcing program sponsored by Resource Bancshares Mortgage Group, Inc., allowing Independence Federal Savings to offer a broader range of mortgage products and services without a major rate increase. The company also recently revamped its entire computer system, enabling them to launch online banking and bill-paying services for those seeking the convenience of electronic home banking. The company offers employees hospitalization and major medical insurance, life insurance, and paid vacations and sick leave.
BRANDS/DIVISIONS/AFFILIATES: Student Loan Department Independence Financial Corporation
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Donna Fitzgerald Shuler, CEO Donna Fitzgerald Shuler, Pres. Michael J. Cobb, Corp. Sec. William L. Davis, General Counsel Francis L. Smith, Treas.
Phone: 202-628-5500 Fax: 202-626-7106 Toll-Free: 888-922-6537 Address: 1229 Connecticut Ave. NW, Washington, DC 20036 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 6 months. 2001 Sales: $11,000 ( 6 months) 2001 Profits: $ 100 ( 6 months) 2000 Sales: $22,400 2000 Profits: $1,200 Stock Ticker: IFSB 1999 Sales: $21,000 1999 Profits: $1,300 Employees: 72 1998 Sales: $25,990 1998 Profits: $3,720 Fiscal Year Ends: 12/31 1997 Sales: $23,217 1997 Profits: $1,557
SALARIES/BENEFITS: Pension Plan: Y Savings Plan:
ESOP Stock Plan: Stock Purch. Plan:
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Profit Sharing:
Top Exec. Salary: $ Second Exec. Salary: $
Bonus: Bonus:
$ $
Improved technology/Online banking.
Apparent Women Officers or Directors: 2 Hot Spot for Advancement for Women/Minorities: Y
LOCATIONS: ("Y" = Yes) West:
Southwest:
Midwest:
Southeast:
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
436
www.plunkettresearch.com
INDEPENDENCE HOLDING COwww.independenceholding.com Industry Group Code: 524113 Ranks within this company's industry group: Sales: 90 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 76
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Underwriting-Group Health and Life Insurance Point-Of-Service Coverage HMO Reinsurance
Independence Holding Company is engaged principally in the life and health insurance business and the acquisition of blocks of policies through Standard Security Life Insurance Company of New York, Madison National Life Insurance Company, Inc., First Standard Security Insurance Co. and IndependenceCare, LLC. Standard Security Life markets major medical stop-loss, long-term and short-term disability, group life and managed health care products. Medical stop-loss insurance allows selfinsured employers to manage the risk of excessive health insurance exposures by limiting aggregate and specific losses to a predetermined amount. Madison National Life sells group life and disability, credit life and disability and individual life insurance. Over 90% of Madison National Life’s credit insurance premiums are derived from financial institutions. The subsidiary is aggressively expanding its share of the credit insurance market through geographical diversification, strategic marketing alliances with other insurance companies and acquisitions of existing general agencies. Subisidiary First Standard Security Insurance company markets HMO reinsurance and provider excess loss insurance and reinsures medical stop-loss business. Recent acquisition IndependenceCare Holdings, LLC provides management, underwriting and administrative support to insurance company partners. The subsidiary also aquired Health Reinsurance Management Partnership’s Managed Care Reinsurance Facility, which has been renamed to IndependenceCare Underwriting Services. That acquisition doubles the company’s block of provider excess loss and HMO reinsurance.
BRANDS/DIVISIONS/AFFILIATES: Standard Security Life Insurance Company-New York Madison National Life Insurance Company, Inc. First Standard Security Insurance IndependenceCare Holdings, LLC Managed Care Reinsurance Facility IndependenceCare Underwriting Services
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Roy T.K. Thung, CEO Roy T.K. Thung, Pres. Teresa A. Herbert, CFO
Phone: 203-358-8000 Fax: 203-348-3103 Toll-Free: Address: 96 Cummings Point Rd., Stamford, CT 06902 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $112,500 ( 9 months) 2001 Profits: $11,000 ( 9 months) 2000 Sales: $130,400 2000 Profits: $11,400 Stock Ticker: INHO 1999 Sales: $126,700 1999 Profits: $10,400 Employees: 187 1998 Sales: $110,614 1998 Profits: $11,057 Fiscal Year Ends: 12/31 1997 Sales: $106,757 1997 Profits: $11,187
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Top Exec. Salary: $ Second Exec. Salary: $ Expertise in accident, life and health insurance and annuity products.
Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
Profit Sharing:
LOCATIONS: ("Y" = Yes) West: Y
Southwest:
Midwest: Y
Southeast: Y
Bonus: Bonus:
$ $
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
www.plunkettresearch.com
437
ING PILGRIM
www.ingfunds.com
Industry Group Code: 523920 Ranks within this company's industry group: Sales: Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits:
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Investment Management/Mutual Funds Financial Advisory Services Banking and Insurance Services Securities and Asset Management
ING Pilgrim Advisors, Inc, a subsidiary of Netherlands based ING Group N.V., specializes in international separately managed account strategies. The firm provides investment advisory services to both institutional and private investors, and manages over $16 billion in assets on behalf of institutions and private investors worldwide. Its parent company ING Group, is one of the largest financial services organizations in the world, with over $480 billion in assets under management. ING Pilgrim focuses on international investing due to the numerous advantages this strategy affords, such as diversification across regional economies, a larger pool of investment opportunities and the potential for superior returns. In order to reduce the risk of pooling all its investments together, the company has a policy of diversifying across 30 to 40 different companies, and only selects stocks from the largest, most liquid large and mid-cap stocks. ING Pilgrim’s investment resources include advisory capabilities in domestic growth stocks, U.S. government securities, corporate investment-grade and high-yield bonds, senior loans and convertible securities. In June 2001, ING was ranked the fifth largest company in Forbes magazine’s World’s Super 50, which is the 50 largest firms based on gross sales, assets, profits and market value. Recently, the Pilgrim Senior Income Fund obtained authority to provide monthly redemptions to its shareholders. Previously, the fund was able to offer redemptions only on a quarterly basis. It invests primarily in a class usually not available directly to individual investors, and seeks to provide long-term investors with a high level of monthly income. In other news, ING Pilgrim launched the Pilgrim Principal Protection Fund II, a mutual fund designed for investors seeking long-term growth as well as guaranteed protection. The firm’s parent company recently reduced its U.S workforce by 15%, due to the weakening economy.
BRANDS/DIVISIONS/AFFILIATES: Pilgrim Funds Reliastar Financial ING Group N.V. Pilgrim Principal Protection Fund
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Robert W. Stallings, CEO Robert W. Stallings, Pres. Michael J. Roland, CFO Mary Lisanti, CIO Michael J. Roland, Treas. Marty Jensen, Managing Dir. Mary Lisanti, Senior Portfolio Manager Denis P. Jamison, Sr. VP-Fixed Income Richard T. Saler, Sr. VP-Investment Strategy
Phone: 480-477-2549 Fax: 480-477-2084 Toll-Free: 800-364-0008 Address: 7337 East Doubletree Ranch Rd., Scottsdale, AZ 85258 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for months. 2001 Sales: $ ( months) 2001 Profits: $ ( months) 2000 Sales: $ 2000 Profits: $ Stock Ticker: Subsidiary 1999 Sales: $ 1999 Profits: $ Employees: 1998 Sales: $ 1998 Profits: $ Fiscal Year Ends: 1997 Sales: $ 1997 Profits: $
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Top Exec. Salary: $ Second Exec. Salary: $ Very rapid growth/Relationship with ING Group N.V.
Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
Profit Sharing: Y
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest:
Bonus: Bonus:
Southeast:
$ $
Northeast:
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International: Y
438
www.plunkettresearch.com
INSTINET GROUP INC
www.instinet.com
Industry Group Code: 522320 Ranks within this company's industry group: Sales: 4 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 4
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Y Y
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Stock Transaction Processing Network ECN Electronic Communications Networks
Instinet, the company that introduced the electronic stock trading industry, is the world's largest electronic agency securities broker. The company operates via ECN or Electronic Communications Networks. It offers electronic trading solutions that include global equity trading, fixed income, research and clearing and settlement services. Through its electronic platforms, the firm trades in 40 global markets and is a member of 20 exchanges worldwide. Instinet engages in business by operating an efinancial marketplace where buyers and sellers worldwide can trade securities directly and anonymously with each other. Customers are provided with access to research created by the firm, as well as third party institutions. In turn, such transactions lead to the decrease in overall trading costs and potential improvement in investments. Notably, 459 of the 500 largest U.S. management firms rely on the company’s services. Instinet has offices in various U.S. states, London, Paris, Frankfurt, Tokyo and Hong Kong. In recent company news, Reuters Group, which owns 83% of Instinet, took complete control over Instinet’s Research and Analytics product.
BRANDS/DIVISIONS/AFFILIATES: Reuters Group, PLC Research and Analytics
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Douglas Atkin, CEO Douglas Atkin, Pres. Mark Nienstedt, CFO Linden Smith, Human Resources Ken Marshall, Chief Admin. Officer Peter Fenichel, CEO-Global Fixed Income Markets
Phone: 212-310-9500 Fax: 212-832-5055 Toll-Free: Address: 3 Times Square, New York, NY 10036 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $1,146,200 ( 9 months) 2001 Profits: $99,000 ( 9 months) 2000 Sales: $1,435,000 2000 Profits: $148,200 Stock Ticker: INET 1999 Sales: $969,400 1999 Profits: $136,100 Employees: 2,627 1998 Sales: $842,200 1998 Profits: $159,900 Fiscal Year Ends: 12/31 1997 Sales: $714,600 1997 Profits: $141,200
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Y Profit Sharing: Top Exec. Salary: $ Stock Purch. Plan: Y Second Exec. Salary: $ Outstanding client base/Relationship with Reuters.
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Apparent Women Officers or Directors: Hot Spot for Advancement for Women/Minorities:
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Bonus: Bonus:
Southeast: Y
$ $
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International: Y
www.plunkettresearch.com
439
INTERACTIVE DATA CORPORATION www.interactivedatacorp.com Industry Group Code: 514100 Ranks within this company's industry group: Sales: 1 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 3
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing: Y
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Information Service-Stock Market & Equities Information Portfolio Management Software Government Transcripts
Interactive Data Corporation is a global provider of financial and business information to institutional and retail investors. The company supplies time-sensitive pricing, dividend, corporate action and descriptive information for more than 3.5 million securities traded around the world to banks, brokerage firms, insurance companies, money managers and mutual fund companies. The company operates through three divisions. The first, FT Interactive Data, provides financial information to institutional investors worldwide. Subsidiary CMS BondEdge provides fixed income portfolio analytics to institutional investors in North America and Europe. The third subsidiary is eSignal, an investment firm that offers real-time streaming market data and decision support tools to individual, semiprofessional and professional investors. Interactive Data Corp. recently acquired the Securities Pricing Service of Merrill Lynch and Co., Inc., a provider of information on global financial investments and fixed income securities. The merger will expand the current client base and introduce a variety of new pricing and data services. Previously, the company began efforts to streamline its operations by selling subsidiary Federal News Service, a company that offers transcripts of hearings, press conferences and interviews by the U.S. government. Another part of the streamlining operations resulted in the sale of the firm’s holdings in MarketWatch.com, Inc., which was acquired by an affiliate of Pearson, plc. Pearson is an international media company that is a majority shareholder of Interactive Data Corporation.
BRANDS/DIVISIONS/AFFILIATES: FT Interactive Data eSignal CMS BondEdge Finanical Times Information Interactive Data Capital Management Services Securities Pricing Service Data Broadcasting Corporation
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Stuart Clark, CEO Stuart Clark, Pres. Steven G. Crane, CFO Andrea H. Loew , VP-Corp. Sec Andrea H. Loew , VP-General Counsel
Phone: 781-687-8500 Fax: 781-687-8005 Toll-Free: Address: 22 Crosby Dr., Bedford, MA 01730 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $253,500 ( 9 months) 2001 Profits: $5,400 ( 9 months) 2000 Sales: $314,138 2000 Profits: $-143,472 Stock Ticker: IDCO 1999 Sales: $188,956 1999 Profits: $6,197 Employees: 1,600 1998 Sales: $153,677 1998 Profits: $-3,215 Fiscal Year Ends: 12/31 1997 Sales: $140,534 1997 Profits: $-6,944
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Top Exec. Salary: $300,000 Bonus: $216,908 Second Exec. Salary: $250,000 Bonus: $165,625 Leading provider of real-time financial market data/Merger with Financial Times Asset Management.
Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
Profit Sharing:
LOCATIONS: ("Y" = Yes) West: Y
Southwest:
Midwest: Y
Southeast:
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International: Y
440
www.plunkettresearch.com
INTERCEPT GROUP INC (THE)
www.intercept.net
Industry Group Code: 522320 Ranks within this company's industry group: Sales: 10 Investments: Broker: Annuities: Inves tment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Y Y
Profits: 9
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Y
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Electronic Transfers E-Commerce Products ATM Processing Electronic Funds Transfer Data Processing Data Communications Management Check Imaging Internet Banking
The Intercept Group is a leading provider of banking technology products and services for community financial institutions. The firm has established contracts with over 1,800 community financial institutions throughout the U.S. The company’s comprehensive suite of products and services includes electronic fund transfer, such as ATM withdrawals, balance inquiries and transfers and debit card transactions. Intercept provides software systems and services for core data processing functions, such as general ledger, loan and deposit operations; financial accounting and reporting; and customer information file maintenance. The company’s check imaging services involve creating computerized images of checks, deposit slips and related paper documents for electronic storage and retrieval. In addition, Intercept also provides data communications management, Internet banking and regulatory reporting software. The firm’s CallReporter software, which prepares and submits Call Reports for community banks, is utilized by over 5,500 banks nationwide. Intercept is committed to expanding and enhancing its suite of products and services. The company recently received certification as a competitive local exchange carrier (CLEC) and as a long distance carrier (IXC) in Alabama, Florida, Kentucky and Georgia. The firm plans to offer telecommunications services to its customers in these states. Intercept recently acquired HIS Computer Output Solutions, a full service provider of computer output solutions such as data processing, laser document printing and automated mailing services. In addition, the company acquired C-TEQ, a provider of data processing and check and statement imaging to approximately 40 community financial institutions located in Oklahoma and Texas.
BRANDS/DIVISIONS/AFFILIATES: InterCept Switch InterCept Frame Relay Network CallReporter C-TEQ, Inc. HSI Computer Output Solutions Netzee, Inc. BancPac
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. John W. Collins, CEO Scott R. Meyerhoff, Sr. VP-Finance/CFO Scott R. Meyerhoff, Corp. Sec. Michael R. Boian, Exec. VP-Alliances and Strategic Partners Michael D. Sulpy, Exec. VP-Network Comm. Kenneth E. Kudrey, Sr. VP-Data Processing
Phone: 770-248-9600 Fax: 770-242-6803 Toll-Free: Address: 3150 Holcomb Bridge Road, Ste. 200, Norcross, GA 30071 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $92,200 ( 9 months) 2001 Profits: $-4,700 ( 9 months) 2000 Sales: $69,600 2000 Profits: $-16,900 Stock Ticker: ICPT 1999 Sales: $47,200 1999 Profits: $9,900 Employees: 527 1998 Sales: $28,900 1998 Profits: $2,500 Fiscal Year Ends: 12/31 1997 Sales: $23,300 1997 Profits: $- 395
SALARIES/BENEFITS: Pension Plan: Savings Plan:
ESOP Stock Plan: Stock Purch. Plan:
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Top Exec. Salary: $315,000 Second Exec. Salary: $186,250 Large ATM Transaction processor/Wide range of back office services.
Apparent Women Officers or Directors: Hot Spot for Advancement for Women/Minorities:
Profit Sharing:
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Bonus: Bonus:
$75,000 $
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
www.plunkettresearch.com
441
INTERCONTINENTAL LIFE CORPORATION Industry Group Code: 524113 Ranks within this company's industry group: Sales: 96 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Y
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 74
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Insurance Underwriting Management- Insurance Companies Annuities
InterContinental Life Corporation, through its subsidiaries, is principally engaged in administering existing portfolios of life insurance policies and annuity products. The firm is an affiliate of Financial Industries Corporation, a life insurance holding company that owns nearly half of InterContinental Life’s outstanding common stock. The company’s subsidiaries, which include Investors Life Insurance Company of North America and Investors Life Insurance Company of Indiana, are also engaged in the business of marketing and underwriting individual life insurance and annuity products throughout the United States. The subsidiaries’ current products include several versions of universal life insurance, which provide permanent life insurance protection while crediting company-declared current interest rates to the cash value of the policy. Under the flexible premium policies, policyholders may vary the amounts of their coverage as well as the date and frequency of payments. Additionally, Investors Life Insurance Company of Indiana has developed a group deposit administration product, designed for use in connection with the funding of deferred compensation plans maintained by government employers. The firm’s objective is to improve the profitability of acquired businesses by consolidating and streamlining the administrative functions of these businesses and applying its marketing expertise to the acquired company’s markets and agents. InterContinental Life’s centralized management techniques have resulted in significant expense savings in the life insurance companies acquired by the company. InterContinental Life Corporation offers a defined benefit pension plan to all employees who have completed at least one year of service and are at least 21 years old.
BRANDS/DIVISIONS/AFFILIATES: Financial Industries Corporation Investors Life Insurance Company of Indiana Investors Life Insurance Company of North America
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Roy F. Mitte, CEO Roy F. Mitte, Pres. Sharon Rickey, VP-Human Resources James M. Grace, Treas. Roy F. Mitte, CEO/Pres., Family Life Insurance Company Jeffrey H. Demgen, Exec. VP, Family Life Insurance Company Theodore A. Fleron, Sr. VP, Family Life Insurance Company Eugene E. Payne, Exec. VP/Sec., Family Life Insurance Company
Phone: 512-404-5000 Fax: 512-404-5210 Toll-Free: Address: 701 Brazos, Ste. 1400, Austin, TX 78701 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for months. 2001 Sales: $ ( months) 2001 Profits: $ ( months) 2000 Sales: $103,756 2000 Profits: $12,066 Stock Ticker: Subsidiary 1999 Sales: $104,200 1999 Profits: $12,800 Employees: 326 1998 Sales: $109,462 1998 Profits: $11,119 Fiscal Year Ends: 12/31 1997 Sales: $127,683 1997 Profits: $20,540
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Y Profit Sharing: Stock Purch. Plan: Flexible, universal policies.
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
Top Exec. Salary: $ Second Exec. Salary: $
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Bonus: Bonus:
Southeast: Y
$ $
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
442
www.plunkettresearch.com
INTUIT INC
www.intuit.com
Industry Group Code: 511200 Ranks within this company's industry group: Sales: 1 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Y Y
Profits: 1
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing: Y
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Computer Software-Financial Management Small Business Accounting Software Consumer Finance Software Tax Preparation Software Online Financial Services Online Home Loans Online Insurance
Intuit, Inc. is a leading provider of financial software and web-based services for consumers, small businesses and accounting professionals. The company’s Quicken product line simplifies personal finance, small business management, payroll processing, tax preparation and filing and online home loans. The firm’s QuickBooks product line brings extensive bookkeeping capabilities to small business users in an easy-to-use design that does not require customers to be familiar with debit/credit accounting. Moreover, the QuickBooks Internet Gateway platform gives QuickBooks customers direct access to a broad range of online services that address the specific needs of small businesses. For example, the QuickBooks Merchant Account Service enables small businesses to accept credit card payments from their customers. QuickBooks also features the Site Builder web site creation tool, a subscription service that enables small businesses to set up and maintain professional-looking web sites quickly and inexpensively. The company’s Quicken.com web site enables customers to automate financial management tasks and make better financial decisions by giving them software tools, resources and objective information about a variety of personal finance topics such as investm ent and retirement. Intuit’s Quicken TurboTax line of products makes it easy for individuals and small business owners to prepare their own federal and state income tax returns. The firm has initiated the Quicken Tax Freedom Project, a service initiative that provides free online tax preparation and electronic filing services to federal and state tax filers with adjusted gross incomes of $20,000 or less. In the Spring of 2001, the company named Compaq Computer Corporation as the preferred technology provider for the company’s information technology needs. In addition, under the terms of the agreement, Compaq bundles select Quicken products on its PCs. Intuit offers its employees a range of child and elder care referral services, on-site dental care, yoga classes and home loan assistance as well as tuition reimbursement. The company has a casual dress policy. Jobs grew 36 % last year.
BRANDS/DIVISIONS/AFFILIATES: Quicken QuickBooks Quicken TurboTax QuickBooks Pro QuickenMortgage QuickTax Lacerte
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Stephen M. Bennett, CEO Stephen M. Bennett, Pres. Greg J. Santora, CFO/Sr. VP-Finance Caroline F. Donahue, VP-Sales Sherry Whiteley, VP-Human Resources Jennifer J. Hall, VP-Tech. Oper. Sonita Ahmed, Controller Catherine L. Valentine, Corp. Sec. Catherine L. Valentine, General Counsel David A. Kinser, Sr. VP-Service Delivery & Oper. Raymond G. Stern, Sr. VP-Corp. Strategy & Mktg. Bernard F. McKay, VP-Corp. Affairs Linda Fellows, VP-Investor Rel. Linda Fellows, Treas. Alan A. Gleicher, Sr. VP-Int'l Bus. Div. Larry J. Wolfe, Sr. VP-Tax Products Div. Sonita Ahmed, VP-Finance Paul English, VP-Tech.
Phone: 650-944-6000 Fax: 650-944-3699 Toll-Free: 800-446-8848 Address: 2535 Garcia Ave., Mountain View, CA 94043 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 12 months. 2001 Sales: $1,261,500 (12 months) 2001 Profits: $-82,800 (12 months) 2000 Sales: $1,093,825 2000 Profits: $305,661 Stock Ticker: INTU 1999 Sales: $940,435 1999 Profits: $386,564 Employees: 6,100 1998 Sales: $689,282 1998 Profits: $6,182 Fiscal Year Ends: 7/31 1997 Sales: $649,745 1997 Profits: $79,830
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan: Y
COMPETITIVE ADVANTAGE:
Profit Sharing: Y
Top Exec. Salary: $475,000 Bonus: $430,350 Second Exec. Salary: $450,000 Bonus: $425,635 Broad customer base for product upgrades and line extensions/Excellent web-based marketing strategy.
OTHER THOUGHTS: Apparent Women Officers or Directors: 6 Hot Spot for Advancement for Women/Minorities: Y
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International: Y
www.plunkettresearch.com
443
INVESTMENT TECHNOLOGY GROUP INC Industry Group Code: 514210 Ranks within this company's industry group: Sales: 3 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
www.itginc.com
Profits: 3
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Y Y Y
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Data Processing Services Transaction Research Online Trading
Investment Technology Group, Inc., through its broker/dealer subsidiary ITG, Inc., provides automated equity trading services and transaction research to institutional investors and brokers. ITG utilizes transaction processing technology to increase the effectiveness and lower the cost of institutional and other trading. The company’s four services include ITG POSIT, an electronic stock crossing system; ITG QuantEX, a decision-support and execution system; Electronic Trading Desk Services; and ITG ISIS, analytical tools for systematically lowering transaction costs. Recently, the firm acquired former jointventures ITG Australia, Limited and ITG Europe, companies that had been formed through corporate partnerships in their respective foreign markets. The mergers make the companies indirect subsidiaries of ITG, Inc. The company also established ITG Ventures to focus on strategic investments, acquisitions and alliances in emerging areas of opportunity. In addition, ITG expanded internationally with the introduction of the ITG Platform software, which allows customers to trade directly on the Toronto Stock Exchange and the Canadian Venture Exchange or send working orders to the ITG Canada Desk.
BRANDS/DIVISIONS/AFFILIATES: ITG, Inc. ITG POSIT ITG QuantEX Electronic Trading Desk Services ITG ISIS Jefferies Group, Inc. ITG Ventures
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Raymond L. Killian, Jr., CEO Raymond L. Killian, Jr., Pres. Howard C. Naphtali, CFO Mike Neumark, Sr. VP-Mktg. Timothy H. Hosking, General Counsel
Phone: 212-588-4000 Fax: 212-444-6295 Toll-Free: 800-426-5523 Address: 380 Madison Ave., 2nd Fl., New York, NY 10017 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $277,400 ( 9 months) 2001 Profits: $56,000 ( 9 months) 2000 Sales: $310,400 2000 Profits: $63,600 Stock Ticker: ITG 1999 Sales: $232,000 1999 Profits: $45,400 Employees: 443 1998 Sales: $205,200 1998 Profits: $43,394 Fiscal Year Ends: 12/31 1997 Sales: $137,042 1997 Profits: $26,917
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Profit Sharing: Y Top Exec. Salary: $500,000 Stock Purch. Plan: Y Second Exec. Salary: $275,000 Continued growth in popularity of its products/Excellent profits.
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Apparent Women Officers or Directors: Hot Spot for Advancement for Women/Minorities: Y
LOCATIONS: ("Y" = Yes) West: Y
Southwest:
Midwest:
Southeast:
Bonus: Bonus:
$1,175,000 $535,000
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
444
www.plunkettresearch.com
INVESTORS FINANCIAL SERVICES
www.investorsbnk.com
Industry Group Code: 523920 Ranks within this company's industry group: Sales: 11 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Y
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 11
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Y
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
Y
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Investment Management/Mutual Funds Multicurrency Accounting Foreign Exchange Investment Advisory Services Mutual Fund Administration
Investors Financial Services Corp. is a bank holding company. Through its subsidiaries, the company provides asset servicing for the financial services industry. The firm’s primary customer base is comprised of financial asset managers such as mutual fund complexes, investment advisors, banks and insurance companies. The company operates from offices located in New York, Boston, Toronto, Dublin and Sacramento. The firm’s primary operating subsidiary is Investors Bank & Trust Company. Investors Financial Services offers two categories of services: Core and value-added. Core services include global custody and multicurrency accounting. Global custody entails overseeing the safekeeping of securities for clients and settlement of portfolio transactions. Investors Financial Services has over $285 billion in net assets under custody, including $18 billion in foreign net assets. Multicurrency accounting involves the daily record keeping for each customer account or investment vehicle, including the calculation of net asset value per share. This service also includes offshore fund accounting, which the company views as a major growth vehicle for the future. The company’s valueadded services support customers in developing and executing their strategies, enhancing their returns and evaluating and managing risk. Value-added services include mutual fund administration, securities lending, foreign exchange, cash management, performance management and institutional transfer agency services.
BRANDS/DIVISIONS/AFFILIATES: Investors Bank & Trust Company Investors Capital Services, Inc. AMT Capital Services, Inc.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Kevin J. Sheehan, CEO Michael F. Rogers, Pres. Karen C. Keenan, CFO Robert D. Mancuso, Sr. VP-Mktg. and Client Mgmt. Judy A. Murphy , Mgr.-Human Resources Edmund J. Maroney, VP-Tech. John E. Henry, Corp. Sec. John E. Henry, General Counsel Karen C. Keenan, Treas. David F. Flynn, Sr. VP-Lending Richard D. Bartoney, Sr. VP John Spinney, Sr. VP
Phone: 617-330-6700 Fax: 617-330-6033 Toll-Free: Address: 200 Clarendon Street, Boston, MA 02116 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $366,100 ( 9 months) 2001 Profits: $35,700 ( 9 months) 2000 Sales: $343,800 2000 Profits: $33,600 Stock Ticker: IFIN 1999 Sales: $240,400 1999 Profits: $21,300 Employees: 1,779 1998 Sales: $184,500 1998 Profits: $15,055 Fiscal Year Ends: 12/31 1997 Sales: $149,800 1997 Profits: $11,600
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Profit Sharing: Top Exec. Salary: $550,000 Stock Purch. Plan: Y Second Exec. Salary: $450,000 Rapid growth through acquisitions and unique services.
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Apparent Women Officers or Directors: 2 Hot Spot for Advancement for Women/Minorities: Y
LOCATIONS: ("Y" = Yes) West: Y
Southwest:
Midwest:
Southeast:
Bonus: Bonus:
$1,100,000 $900,000
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International: Y
www.plunkettresearch.com
445
INVESTORS TITLE COMPANY
www.investorstitle.com
Industry Group Code: 524127 Ranks within this company's industry group: Sales: 4
Profits: 2
Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Title Insurance Tax-Free Exchange Services
Investors Title Company, through its subsidiaries, engages in the issuance and underwriting of title insurance policies. Title insurance guarantees owners, mortgages and others with a lawful interest in real property against loss by reason of encumbrances or defective title. Through its two subsidiaries, Investors Title Insurance Company (ITIC) and Northeast Investors Title Insurance (NE-ITIC), the company underwrites land title insurance for owners and mortgages as a primary insurer and as a reinsurer for other title insurance companies. ITIC markets title insurance through issuing agents and branch offices in 17 states. NE-ITIC writes title insurance as a primary insurer and as a reinsurer in the state of New York. Investors Title also provides tax-free exchange services through two subsidiaries, Investors Title Exchange Corporation (ITEC) and Inves tors Title Accommodation Corporation (ITAC). ITEC acts as an intermediary in tax-free exchanges of property held for productive use in a business or for investments. The subsidiary’s income is primarily derived from fees for handling exchange transactions. ITAC serves as an exchange accommodation titleholder, offering services for accomplishing a reverse exchange when a taxpayer must acquire replacement property before selling the relinquished property.
BRANDS/DIVISIONS/AFFILIATES: Northeast Investors Title Insurance Investors Title Insurance Company Investors Title Exchange Corporation Investors Title Accommodations Corporation
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. J. Allen Fine, CEO James A. Fine, Jr., Pres. W. Morris Fine, Corp. Sec. James A. Fine, Jr., Treas. W. Morris Fine, Exec. VP L. Martin Dawn, VP Elizabeth P. Bryan, VP
Phone: 919-968-2200 Fax: 919-968-2223 Toll-Free: 800-724-8790 Address: 121 North Columbia Street, Chapel Hill, NC 27514 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $44,500 ( 9 months) 2001 Profits: $3,800 ( 9 months) 2000 Sales: $42,200 2000 Profits: $3,100 Stock Ticker: ITIC 1999 Sales: $47,400 1999 Profits: $4,400 Employees: 179 1998 Sales: $48,500 1998 Profits: $5,460 Fiscal Year Ends: 12/31 1997 Sales: $32,400 1997 Profits: $4,530
SALARIES/BENEFITS: Pension Plan: Y Savings Plan:
ESOP Stock Plan: Stock Purch. Plan:
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Top Exec. Salary: $231,276 Second Exec. Salary: $179,613 Network of offices and agents in 16 states.
Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
Profit Sharing:
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Bonus: Bonus:
$99,438 $25,008
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
446
www.plunkettresearch.com
IRWIN FINANCIAL CORP
www.irwinfinancial.com
Industry Group Code: 522110 Ranks within this company's industry group: Sales: 83 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Y
Profits: 81
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y Y Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Y
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Banking Mortgages Venture Capital Equipment Leasing Home Equity Loans
Irwin Financial Corporation is a diversified financial services company. The company, through its six subsidiaries, provides a broad range of consumer and commercial financial services in selected markets in North America. Irwin Mortgage Corporation originates, sells and services residential first mortgage loans nationwide. Irwin Home Equity Corporation originates and services home equity loans for creditworthy debt users. The subsidiary recently surpassed the $2 billion mark in its managed loan portfolio. The company also operates two banking subsidiaries, Irwin Union Bank and Trust Company and Irwin Union Bank FSB. The former operates 22 branch locations in Indiana, Michigan and Nevada, while the latter has branch offices in Arizona, Kentucky, Missouri, Nevada and Utah. Both banks provide a broad range of personal and commercial banking services for consumers and businesses. Irwin Business Finance provides innovative leasing products, which are delivered through broker and vendor channels. Irwin Ventures primarily invests in early stage companies with technologies that could transform the distribution channels of financial services. Recent investments of the subsidiary include Zoologic, a provider of online learning for financial professionals, and PayCycle, which primarily provides payroll management services for small businesses and their accountants.
BRANDS/DIVISIONS/AFFILIATES: Irwin Mortgage Corporation Irwin Home Equity Corporation Irwin Union Bank, FSB Irwin Union Bank and Trust Company Irwin Business Finance Irwin Ventures LLC Zoologic PayCycle
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. John A. Nash, Pres. Gregory F. Ehlinger, CFO Theresa L. Hall, VP-Human Resources Jody A. Littrell, Controller Mathew F. Souza, Corp. Sec. Ellen Z. Mufson, VP-Legal Brett R. Vanderkolk, Treas. Claude R. Davis, Pres., Irwin Union Bank Elena Delgado, Pres., Irwin Home Equity Corporation Robert H. Griffith, Pres., Irwin Mortgage Michael E. Taft, Pres., Irwin Bus. Finance Corporation
Phone: 812-376-1909 Fax: 812-376-1705 Toll-Free: Address: 500 Washington Street, Columbus , IN 47201 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $401,300 ( 9 months) 2001 Profits: $33,500 ( 9 months) 2000 Sales: $396,200 2000 Profits: $41,400 Stock Ticker: IFC 1999 Sales: $330,700 1999 Profits: $37,900 Employees: 2,412 1998 Sales: $342,100 1998 Profits: $35,200 Fiscal Year Ends: 12/31 1997 Sales: $256,200 1997 Profits: $28,900
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Profit Sharing:
Top Exec. Salary: $469,333 Second Exec. Salary: $316,667
Bonus: Bonus:
$665,400 $313,096
Diversified, profitable businesses.
Apparent Women Officers or Directors: 3 Hot Spot for Advancement for Women/Minorities: Y
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
www.plunkettresearch.com
447
J P MORGAN CHASE & CO INC
www.jpmorgan.com
Industry Group Code: 523110 Ranks within this company's industry group: Sales: 1 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Y Y Y Y Y
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y Y Y Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 1
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y Y Y Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Stock Brokerage Asset Management Investment Banking Trading Commercial Banking
In the beginning of 2001, investment banking collided with commercial banking when J.P. Morgan & Co. and Chase Manhattan merged for an estimated $38.6 billion. The merger elevated J.P. Morgan Chase & Co. to being the second largest bank in the U.S., just behind Citigroup. With assets of about $714 billion and operations in more than 50 countries, the newly created firm focuses on five business segments which include: Investment Bank, Investment Management & Private Banking, Treasury & Securities Services, JPMorgan Partners and Retail & Middle Market Financial Services. The company provides this array of services to more than 30 million consumer, corporate, institutional and government clients. Its principal bank subsidiaries include the Chase Manhattan Bank (Chase Bank), Morgan Guaranty Trust Company of New York (Morgan Bank) and Chase Manhattan Bank USA. J.P. Morgan Chase’s principal non-bank subsidiaries are its investment bank subsidiaries, Chase Securities, Inc. and JPMSI. Unfortunately the company was hit hard by the bankruptcy of Enron and the financial collapse of Argentina in late 2001. JPMorgan Chase offers its employees health and income protection, tuition assistance and career development programs. The firm is also recognized for its significant efforts to maintain a diverse workforce, and women constitute 22% of senior management positions in the company.
BRANDS/DIVISIONS/AFFILIATES: Morgan Guaranty Trust Company of New York J.P. Morgan Securities, Inc. J.P. Morgan Investment Management, Inc. MorganMarkets J.P. Morgan Capital Corporation Morgan Community Development Corporation adrWISE Chase Manhattan Corp.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. William B. Harrison, Jr., CEO William B. Harrison, Jr., Pres. Karen Vernamonti, CFO John J. Farrell, Human Resources Joseph L. Sclafani, Controller David B. Edelson, Treas. Geoffrey T. Boisi, Investment Bank David A. Coulter, Retail & Middle Market Mgmt. & Private Banking Lesley Daniels Webster, Market Risk Mgmt. Marc J. Shapiro, Finance, Risk Mgmt. and Admin.
Phone: 212-270-6000 Fax: 212-270-2613 Toll-Free: Address: 270 Park Ave., 39th Fl., New York, NY 10017 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $39,973,000 ( 9 months) 2001 Profits: $2,026,000 ( 9 months) 2000 Sales: $60,065,000 2000 Profits: $5,727,000 Stock Ticker: JPM 1999 Sales: $51,852,000 1999 Profits: $7,501,000 Employees: 90,000 1998 Sales: $50,836,000 1998 Profits: $4,745,000 Fiscal Year Ends: 12/31 1997 Sales: $48,107,000 1997 Profits: $5,173,000
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Y Profit Sharing: Top Exec. Salary: $1,000,000 Stock Purch. Plan: Second Exec. Salary: $700,000 Variety of financial services/Nationwide and global reach.
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Apparent Women Officers or Directors: 2 Hot Spot for Advancement for Women/Minorities: Y
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Bonus: Bonus:
$13,700,000 $9,656
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International: Y
448
www.plunkettresearch.com
JB OXFORD HOLDINGS INC
www.jboxford.com
Industry Group Code: 523110 Ranks within this company's industry group: Sales: 28 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Y Y
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 27
Insurance/Finance: Leasing: Cons umer Loans: Business Finance: Mortgages: Insurance:
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Y Y Y
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Stock Brokerage/Investment Banking Clearing, Settlement, Cash & Margin Accounting Services Discount Brokerage Services Electronic and Telephonic Trading Services Financial Consulting
JB Oxford Holding, Inc., through its subsidiaries, is engaged in the business of providing brokerage and related financial services to retail customers and brokers dealers nationwide. The company provides retail brokerage services, clearing services and market making services to its customers. Its primary subsidiary is JB Oxford & Company (JBOC), a registered broker-dealer offering the following services: discount and electronic brokerage services for the investing public; clearing and execution services for independent broker-dealers on a fully disclosed basis; and acting as a market maker in stocks traded on the NASDAQ and other national exchanges. Management’s focus has been on containing costs and implementing a growth plan to capitalize on the significant expansion expected within the discount and electronic brokerage industry. It also intends to concentrate efforts on growing the company’s discount and electronic brokerage business through a variety of means including strategic alliances, acquisitions of other broker-dealers, web site enhancement and aggressive marketing initiatives. JB Oxford recently purchased the customer assets of Farsight Financial, renaming it to eCapitalist Financial Services, LP. Another recent purchase was the assets of Bull and Bear Securities, Inc., a subsidiary of Royal Bank of Canada, which has strengthened its position in the brokerage industry.
BRANDS/DIVISIONS/AFFILIATES: JB Oxford & Company JB Oxford Insurance Sevices JB Oxford & Co. Advertising, Inc. Wall Street On-Line, Inc. JB Oxford Trading, Inc. Bull and Bear Securities, Inc. Farsight Financial eCapitalist Financial Services, LP
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Christopher L. Jarratt, CEO James G. Lewis, Pres. James G. Lewis, COO Michael J. Chiodo, CFO Scott G. Monson, Corp. Sec. Scott G. Monson, General Counsel Michael J. Chiodo, Treas.
Phone: 310-777-8888 Fax: 310-385-2225 Toll-Free: 800-799-8870 Address: 9665 Wilshire Boulevard, Ste. 300, Beverly Hills, CA 90212 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $29,300 ( 9 months) 2001 Profits: $-3,800 ( 9 months) 2000 Sales: $100,900 2000 Profits: $5,000 Stock Ticker: JBOH 1999 Sales: $104,200 1999 Profits: $10,400 Employees: 238 1998 Sales: $67,268 1998 Profits: $-1,839 Fiscal Year Ends: 12/31 1997 Sales: $69,962 1997 Profits: $1,523
SALARIES/BENEFITS: Pension Plan: Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Profit Sharing: Y
Top Exec. Salary: $134,250 Second Exec. Salary: $117,813
Bonus: Bonus:
$25,000 $15,507
Continues to expand internationally.
Apparent Women Officers or Directors: Hot Spot for Advancement for Women/Minorities:
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest:
Southeast: Y
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International: Y
www.plunkettresearch.com
449
JEFFERIES GROUP INC
www.jefco.com
Industry Group Code: 523110 Ranks within this company's industry group: Sales: 15 Investmen ts: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Y Y Y
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 17
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Stock Brokerage/Investment Banking Corporate Finance Execution Services
Jefferies Group, Inc. operates as an international investment bank with a focus on capital raising, research, mergers and acquisitions, advisory and restructuring services, equity and high yield securities trades, convertible bonds and international securities. Three subsidiaries handle its business: Jefferies and Company, Inc., Jefferies International, Limited and Jefferies Pacific, Limited. The first subsidiary, Jefferies and Company, handles equity, convertible debt and high yield securities brokerage and trading and corporate finance. The remaining two subsidiaries operate in England, Tokyo and Hong Kong, introducing customers trading in U.S. securities to the company. Jefferies Group recently acquired The Europe Company Ltd., a specialist panEuropean institutional broker, in order to expand its European capabilities. The firm also added Helfant, LLC to its subsidiary group, making Jefferies the largest independent floor broker on the New York Stock Exchange. Quarterdeck Investment Partners, LLC recently aligned itself with Jefferies and Company, Inc., allowing Jefferies to offer investment banking services to Quarterdeck’s clients in the aerospace, defense and information technology industries. Through the alliance, the firm purchased a nearly 17% interest in Quarterdeck.
BRANDS/DIVISIONS/AFFILIATES: Jefferies & Company, Inc. Jefferies Pacific, Ltd. Jefferies International, Ltd. Europe Company, Ltd. (The) W & D Securities, Inc. Helfant, LLC Quarterdeck Investment Partners, LLC
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. Richard B. Handler, CEO John C. Shaw, Jr., Pres. John C. Shaw, Jr., COO Joseph A. Schenk, CFO Maxine Syrjamaki, Controller Jerry M. Gluck, Corp. Sec. Jerry M. Gluck, General Counsel
Phone: 310-445-1199 Fax: 203-708-5922 Toll-Free: Address: 11100 Santa Monica Boulvard, 11th Fl., Los Angeles , CA 90025 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $591,200 ( 9 months) 2001 Profits: $42,900 ( 9 months) 2000 Sales: $761,900 2000 Profits: $55,000 Stock Ticker: JEF 1999 Sales: $640,100 1999 Profits: $61,700 Employees: 1,014 1998 Sales: $798,700 1998 Profits: $69,700 Fiscal Year Ends: 12/31 1997 Sales: $764,400 1997 Profits: $63,600
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Y Profit Sharing: Top Exec. Salary: $400,000 Bonus: Stock Purch. Plan: Y Second Ex ec. Salary: $250,000 Bonus: Offices worldwide/Ranked among the top originators of high-yield debt offerings.
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
$3,739,000 $8,388,400
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International: Y
450
www.plunkettresearch.com
JEFFERSON-PILOT CORPORATION
www.jpfinancial.com
Industry Group Code: 524113 Ranks within this company's industry group: Sales: 33 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Y
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 24
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing: Y
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Underwriting-Life and Accident Insurance Annuity Policies Radio and Television Stations Sports Programming Production Life and Accident Health Insurance Insurance Marketing Services
Jefferson-Pilot Corp. and its subsidiaries are primarily engaged in the business of writing life, accident and health insurance policies; writing annuity policies; selling other investment products; operating 17 radio stations and three television stations; and producing sports programming. Individual insurance products account for the majority of the firm’s revenues. Jefferson-Pilot’s insurance subsidiaries offer a number of individual life insurance policies including traditional life, universal and variable universal life and level and decreasing policies. On most policies, accidental, death, disability and other benefits are available in the form of riders. The companies market individual products through an agency force, independent agents, a regional marketing network, home service agents, financial institutions and workplace marketing representatives. Moreover, these subsidiaries market group term life, disability income and dental insurance to employee benefit brokers, third-party administrators and employee benefit firms. Group products are marketed through group brokers, career agents and home service agents. Jefferson-Pilot subsidiaries also offer investm ent products including fixed and variable annuity products, which are primarily marketed through investment professionals, annuity marketing organizations and broker/dealers. In addition to its insurance subsidiaries, the firm own and operates three television stations in Charlotte, North Carolina; Richmond, Virginia; and Charleston, South Carolina. In addition, the company owns and operates 17 radio stations located in Atlanta, Charlotte, Miami, Denver and San Diego. Recently, Benefit Partners, the employee benefits division of Jefferson-Pilot, launched a comprehensive web site, allowing customers to conduct real-time business-tobusiness transactions online.
BRANDS/DIVISIONS/AFFILIATES: Jefferson Pilot Life Insurance Company Jefferson Pilot Communications Company Alexander Hamilton Life Insurance Company of Amer. Jefferson Pilot Financial Insurance Company Jefferson Pilot LifeAmerica Insurance Company Jefferson Pilot Securities Corporation First Alexander Hamilton Life Insurance Company Jefferson Pilot Sports
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. David A. Stonecipher, CEO David A. Stonecipher, Pres. Dennis R. Glass, CFO John D. Hopkins, General Counsel Dennis R. Glass, Treas. Kenneth C. Mlekush, Pres.-Insurance Oper. Dennis R. Glass, Pres.-Financial Oper. Robert D. Bates, Pres., Benefit Partners Theresa M. Stone, Pres., JPCC
Phone: 336-691-3000 Fax: 336-691-3938 Toll-Free: Address: 100 N. Green St., Greensboro, NC 27401 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 9 months. 2001 Sales: $2,528,000 ( 9 months) 2001 Profits: $433,000 ( 9 months) 2000 Sales: $3,238,000 2000 Profits: $537,000 Stock Ticker: JP 1999 Sales: $2,561,000 1999 Profits: $495,000 Employees: 3,000 1998 Sales: $2,610,000 1998 Profits: $444,000 Fiscal Year Ends: 12/31 1997 Sales: $2,578,000 1997 Profits: $396,000
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Top Exec. Salary: $1,012,410 Second Exec. Salary: $520,000 Diversified businesses/Marketing affiliations.
Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
Profit Sharing:
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Bonus: Bonus:
$1,300,000 $500,000
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International:
www.plunkettresearch.com
451
JOHN HANCOCK FINANCIAL SERVICES INC www.johnhancock.com Industry Group Code: 524113 Ranks within this company's industry group: Sales: 23 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Y
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 14
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Y
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Cards: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Insurance Company-Underwriting Life Insurance Annuities Retirement Products
As one of the nation’s top life insurance companies, John Hancock Financial Services, Inc. offers a wide range of insurance products, such as long-term insurance, survivorship insurance, variable life insurance, term life insurance and whole life insurance. It develops taxdeferred annuities plans for individuals who are planning retirement. Since its beginnings in the mid-1800s, the company has expanded its offerings to become a major player in investments, offering more than 25 mutual funds. The firm specializes in institutional inves tment, providing opportunities for pension funds and endowments to invest. Corporate employers are among the firm’s biggest customers as they work closely to develop retirement and benefits plans for their employees. In recent years, John Hancock has been following the insurance industry trend of demutualization, making the company shareholderbased rather than policyholder-based. As a result of the capital it received from the IPO, the firm acquired Fortis, one of the largest financial services providers in western Europe. This acquisition increased the number of John Hancock’s policies by 50%. The firm recently launched a joint-venture with Shanghai’s Tianan Insurance Company. The new company, called John Hancock Tianan Life Insurance Company, will initially operate in Shanghai before expanding throughout China. The company offers its employees health, vision and dental plans, as well as tuition awards and on-site child care.
BRANDS/DIVISIONS/AFFILIATES: Fortis Sovereign Asset Management Corporation Investors Guaranty Life Insurance Company Investors Partner Life Insurance Company ENERGY Investors Management, Inc. Patriot Group, Inc. Tianan Insurance Co. John Hancock Tianan Life Insurance Co.
CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. David F. D'Alessandro, CEO David F. D'Alessandro, Pres. Thomas E. Moloney, CFO A. Page Palmer, VP-Human Resources Robert F. Walters, CIO Wayne A. Budd, General Counsel John M. DeCiccio, Chief Invest. Officer Michael Bell, Exec. VP-Retail
Phone: 617-572-6000 Fax: 617-572-9799 Toll-Free: 800-732-5543 Address: John Hancock Place, Boston, MA 02117 US
FINANCIALS:
Sales and profits are in thousands of dollars—add 000 to get the full amount. Yr. 2001 note: Fiscal 2001 results were not available for all companies at press time. For this company, yr. 2001 is for 6 months. 2001 Sales: $3,772,400 ( 6 months) 2001 Profits: $348,700 ( 6 months) 2000 Sales: $7,598,100 2000 Profits: $838,900 Stock Ticker: JHF 1999 Sales: $7,857,500 1999 Profits: $153,200 Employees: 8,503 1998 Sales: $6,902,000 1998 Profits: $448,500 Fiscal Year Ends: 12/31 1997 Sales: $6,946,300 1997 Profits: $483,300
SALARIES/BENEFITS: Pension Plan: Y Savings Plan: Y
ESOP Stock Plan: Stock Purch. Plan:
COMPETITIVE ADVANTAGE: OTHER THOUGHTS:
Top Exec. Salary: $1,000,000 Second Exec. Salary: $916,923 One of the world's best known insurance firms.
Apparent Women Officers or Directors: 1 Hot Spot for Advancement for Women/Minorities:
Profit Sharing:
LOCATIONS: ("Y" = Yes) West: Y
Southwest: Y
Midwest: Y
Southeast: Y
Bonus: Bonus:
$1,960,000 $1,960,000
Northeast: Y
Note: Financial information, benefits and other data can change quickly and may vary from those stated here.
International: Y
452
www.plunkettresearch.com
JOHN NUVEEN COMPANY (THE)
www.nuveen.com
Industry Group Code: 523920 Ranks within this company's industry group: Sales: 10 Investments: Broker: Annuities: Investment Banking: Mutual Funds: Global Finance:
Y
Banking: Banking-U.S.: Banking-Global: Savings Assoc.: Trust Services: Investment Mngmt.:
Y
Technology: Finan. Software: Information Sys.: Online Services: Special Equipment: Consulting:
Profits: 8
Insurance/Finance: Leasing: Consumer Loans: Business Finance: Mortgages: Insurance:
Services: Outsourcing: Tax Preparation: Staffing: Payment Processor: Specialty Services:
Credit Car ds: VISA/MC, Amex, etc.: Private-Label Cards: Payment Processing:
GROWTH PLANS/SPECIAL FEATURES:
TYPES OF BUSINESS: Investment Management/Mutual Funds Marketing/Distribution-Investment Products and Services
The John Nuveen Company primarily provides a diversified array of asset management services. The firm currently manages $67 billion in assets and oversees another $9 billion in defined portfolio trusts. The company also develops, markets and distributes investment products and services through financial advisors who serve the affluent market segments. Investment products include mutual funds, exchange-traded funds, defined portfolios and individually managed accounts. The St. Paul Companies owns almos t 80% of John Nuveen. The company's operations are organized around six subsidiaries including Nuveen & Co. Incorporated (Nuveen & Co.), a registered broker and dealer in securities. The company also operates five investment advisory
