ADVISORY/ICBC Luncheon Presentation at NYSSA.Assignment Editors ADVISORY...for Tuesday Tuesday: see week. (April 11) --(BUSINESS WIRE) Tuesday - April 11, 2000 - 11:30-1:30pm The New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Society of Security Analysts One World Trade Center, Suite 4447 We would like to invite you to attend a luncheon presentation by Charles Hamm, Chairman of Independence Community Bank, on April 11, 11:30am at the NYSSA Nyssa (nĭs`ə), name of several ancient cities devoted to the worship of Dionysus. The best known of them is a town of Cappadocia, Asia Minor, near the Halys (now the Kizil Irmak) River. It was the residence of St. Gregory of Nyssa. , One World Trade Center (Suite 4447). Independence Community Bank (Nasdaq: ICBC ICBC Industrial and Commercial Bank of China ICBC Insurance Corporation of British Columbia ICBC International Commercial Bank of China ICBC Imax Cargo Bay Camera (Space Shuttle) ICBC Interagency Committee on Back Contamination ), is a leader in commercial real estate, consumer banking and business banking in the greater New York area, with assets of $6.9 billion and deposits of $4.4 billion. Independence is the fourth largest publicly traded community bank in New York. The Bank, originally chartered in 1850, currently operates 65 full service branches located in the greater New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. metropolitan area, which includes the five boroughs, Nassau County Nassau County is the name of two counties in the United States of America:
Investment Considerations: - Earnings Performance: For the quarter ended December 31, 1999, earnings increased 24% to $18.9 million and increased 45% per diluted share to $0.32, compared to the same period in the prior fiscal year. Net income increased 18.3% to $13.6 million compared to $11.5 million for the same period in 1998. - Growth: Since its conversion to a Nasdaq-listed company, Independence has generated consistently dramatic growth in earnings per share and cash earnings per share, up 40 percent and 46 percent, respectively, for the nine months ended December 31, 1999. - Strategic Acquisitions: In August 1999, Independence completed its acquisition of Broad National Bancorporation, a commercial bank based in Newark, NJ, with 18 branches. In January 2000, Independence completed its acquisition of Statewide Financial Corp., based in Jersey City, the fourth largest fully converted thrift in New Jersey, with 15 branch locations. - Goal: A 15% return on equity within five years by targeting key areas--non-interest income, small business lending, low-cost deposits and multi-family lending--for significant development. To attend the luncheon or arrange a one-on-one meeting, please contact Christine Scandia scan·di·a n. See scandium oxide. [From scandium.] Stone at Adam Friedman Associates LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control : 212-391-7804 or christine@adam-friedman.com. |
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