Madison Bancshares Group, Ltd. - MADB- Profile

Madison Bancshares Group, Ltd.. The Group's principal activities are to provide a broad range of consumer and commercial deposit banking services. The Group's deposit banking services include checking accounts for small to midsize businesses, personal interest bearing and non-interest bearing checking accounts, money market deposit accounts, savings accounts, certificates of deposit and individual retirement accounts. It also offers escrow accounts, investment sweep accounts, merchant services and corporate credit cards to its commercial customers. Other services include travelers checks, safe deposit boxes, VISA debit cards and automated teller network access. The Group's loan and credit facilities to businesses and individuals include secured and unsecured loans, home improvement loans, mortgages and home equity lines of credit. The Group operates through 9 branch offices. Interest and fees on loans accounted for 68% of 2001 revenues; other interest income, 5% and non-interest income, 27%. A bank holding company, which provides a broad range of consumer and commercial deposit banking services