American Bank of Connecticut - BKC- Profile

American Bank of Connecticut is a state chartered savings bank, operating primarily as a mortgage lender. In addition to retail banking, the bank provides commercial credit, commercial real estate and consumer credit. The bank conducts its operations through its subsidiary, BKC Passive Investment Corp. The bank's markets area comprises the cities of Waterbury, Torrington and continguous towns. The bank operates through one main office at Waterbury and six other offices. Interest and fees on loans accounted for 58% of 1999 revenues; other interest income, 31% and non-interest income, 11%.