Corporate Profile for Klamath First Bancorp, dated Friday, Dec. 8.--(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 See AOL. , 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 and many others. -0- Published date: Dec. 8, 1995 Company name: Klamath First Bancorp Inc.
Address: 540 Main St.
Klamath Falls, Ore. 97601
Telephone No.: 541/882-3444 Fax No.: 541/884-9933 Chief Executive Officer: Gerald V. Brown Chief Financial Officer: Marshall J. Alexander Investor Relations Contact: Frank X. Hernandez Trading symbol: NASDAQ:KFBI Industry: Bank Holding Company Company description: Klamath First Bancorp
First BanCorp is a financial holding company located in San Juan, Puerto Rico, which offers a full range of financial services in Puerto Rico, US Virgin Islands, the British Virgin Islands, and . Inc. (KFBI) is a bank holding company incorporated June 16, 1995, in Oregon and based in Klamath Falls Klamath Falls, city (1990 pop. 17,737), seat of Klamath co., SW Oreg., at the southern tip of Upper Klamath Lake; inc. 1905. It is the processing and distribution center of a lumber, livestock, and farm area. . Its primary subsidiary, Klamath First Federal Savings & Loan Association (the association), was chartered as a federal savings association in 1934. On Sept. 20, 1995, the members of the association voted to approve a plan of conversion from a mutual association to a stock association. On Oct. 4, 1995, the conversion was completed and 12,233,125 shares (including 978,650 ESOP ESOP See: Employee Stock Ownership Plan ESOP See Employee Stock Ownership Plan (ESOP). shares) of common stock were sold for $10 per share in a subscription and community offering. The association is a community-oriented thrift institution Thrift institution An organization formed as a depository for primarily consumer savings. Savings and loan associations and savings banks are thrift institutions. that offers traditional thrift loan and deposit products within its delineated market area. It operates one wholly-owned subsidiary, First Service Corporation of Southern Oregon, which provides credit life and accidental death insurance products to the association's loan customers as well as a limited number of real estate loan originations and loan purchases. The association has seven offices located in Klamath, Jackson and Deschutes counties in southern and central Oregon. Assets as of Sept. 30, 1995, were $647.8 million compared to $448.9 million on Sept. 30, 1994, a 44.3 percent or $198.9 million increase. Net earnings for the year ended Sept. 30, 1995, were $5.574 million an increase of 5.4 percent over the prior year. CONTACT: Klamath First Bancorp Inc. |
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