Corporate Profile for Affiliated Community Bancorp Inc., dated June 7, 1996.--(BUSINESS WIRE)--The following Corporate Profile is available for inclusion in your files. News releases for this client are distributed by Business Wire and also become part of the leading databases and information services See Information Systems. . These include Dow Jones Dow Jones the best known of several U.S. indexes of movements in price on Wall Street. [Am. Hist.: Payton, 202] See : Finance News/Retrieval, Bloomberg Financial Markets, Reuter Company Newsyear, Reuter Business Briefing, DataTimes, Nexis, Dialog, NewsNet, America OnLine, CompuServe, Delphi, Individual's HeadsUp and First!, Desktop Data's NewsEdge, UMI UMI University Microfilms International UMI United States Minor Outlying Islands (ISO Country code) UMI University of Miami UMI Universal Management Infrastructure (IBM) Data Courier, NewsBank, Information Access Company, Prodigy, Comtex, and many others. -0- Published date: June 7, 1996 Company name: Affiliated Community Bancorp Inc.
Address: 716 Main Street
Waltham, Mass. 02254
Telephone No.: 617/894-6810 Chief Executive Officer: Timothy J. Hansberry
Investor Relations
Contact: Constance Hope
Business number: 617/862-1775 or
617/894-6810
Public Relations Contact: John G. Fallon Business number: 617/894-6810 Trading symbol: AFCB Industry: Banking Company description: Affiliated Community Bancorp Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :AFCB AFCB ARC Fault Circuit Breaker AFCB Ahwatukee Foothills Concert Band (Phoenix, AZ) AFCB Authorized Function Control Block ) is the holding company for Lexington Savings Bank savings bank, financial institution that, until recently, performed only the following functions: receiving savings deposits of individuals, investing them, and providing a modest return to its depositors in the form of interest. and The Federal Savings Bank Noun 1. federal savings bank - a federally chartered savings bank FSB savings bank - a thrift institution in the northeastern United States; since deregulation in the 1980s they offer services competitive with many commercial banks . Affiliated's subsidiary banks--Lexington Savings Bank founded in 1871 and The Federal Savings Bank founded in 1880--have a total of eleven bank offices located in seven contiguous communities in Middlesex County, Mass. The fastest-growing part of the company's loan portfolio is the commercial portion which has grown 60 percent in two years. Over the past three years, the banks have originated over $300 million in family residential mortgages using a variety of mortgage products. In early 1996, the company completed a Stock Buyback Stock buyback A corporation's purchase of its own outstanding stock, usually in order to raise the company's earnings per share. stock buyback See buyback. Program for 238,000 shares. The company has also instituted a Dividend Reinvestment and Stock Purchase Plan. -0-
March 31, 1996
Total Assets $938,331,000
Total Liabilities 842,137,000
Total Stockholder' Equity 96,194,000
Net Income ($.41 per share) 2,123,000
Equity to Assets 10.25%
Number of Shares Outstanding 5,071,666
Dividend $ .12
Book Value $19.21
-0- CONTACT: Affiliated Community Bancorp Inc. |
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