Advantage Bank Most Profitable Quarter to Date.Business Editors BRANCHBURG, N.J.--(BUSINESS WIRE)--Nov. 7, 2001 Peter G. Schoberl, President and Chief Executive Officer of this local community bank reported a third quarter profit of $85,000, an increase of 206% compared to September 30, 2000 and total assets of $80 million -- a 31% increase over this time last year. Deposits grew to $69 million and loans reached $54 million, representing a 31% increase and a 57% increase respectively over the same period last year. Advantage Bank (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : ADBK) recorded year to date earnings of $53,000, or $.05 per share, compared to a prior year loss totaling $48,000. Advantage Bank's solid capital level recently earned it a Bauerfinancial Reports, Inc. 5-star Superior rating, denoting the highest level of strength and performance. The bank was identified as "one of the strongest banks in the nation, and it knows its customers well", said Paul Bauer, President of Bauer Financial Reports, Inc. Advantage offers a wide range of professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. to individuals and small businesses, including free-for-life personal checking accounts and other full-service banking products. The bank is a member of FDIC FDIC See: Federal Deposit Insurance Corporation FDIC See Federal Deposit Insurance Corporation (FDIC). and MAC and is an equal housing lender The terms Equal Housing Lender and Equal Opportunity Lender are synonymous and refer to all FDIC insured banks in the United States. Such banks are prohibited from discriminating on the basis of race, color, religion, national origin, sex, handicap, or familial status. . For further information, call 800-959-0068 or visit the bank's Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the site at www.advantagebanknj.com. |
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