Dearborn Bancorp, Inc. · Dearborn, MI United States ·(NASDAQ (GM): DEAR)
Company Description
View Dearborn Bancorp, Inc. Locations On A US Map
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This link will open in a new window Frankly, my Dearborn, they do give a damn. Dearborn Bancorp is the holding company for Fidelity Bank (formerly Community Bank of Dearborn). The bank has about 30 branches and lending centers in suburban Detroit and points west, offering checking and savings accounts, money market accounts, and CDs. Lending activities include commercial mortgages (more than 70% of the company's loan portfolio), as well as residential, business, consumer, and construction loans. Dearborn Bancorp also has a subsidiary that provides auditing and consulting services to other community banks. Community Bank of Dearborn changed its name after its parent company acquired Fidelity Bank in 2007. To read the full description, subscribe now.
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Key Dearborn Bancorp, Inc. Financials
| Company Type | Public - NASDAQ (GM): DEAR Headquarters |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | $31.2 |
| 2008 Employees | 205 |
Dearborn Bancorp, Inc. Executives
15 executives listed for Dearborn Bancorp, Inc.'s Dearborn, MI location.
| Title | Name & Bio | Contact |
| Chairman, Dearborn Bancorp and Fidelity Bank | John Demmer | Network |
| President, CEO, and Director, Dearborn Bancorp and Fidelity Bank | Michael Ross | Network |
| VP, Treasurer, and Secretary; SVP, CFO, and Secretary, Fidelity Bank | Jeffrey Karafa | Network |
Competition
Competitive Landscape for Dearborn Bancorp, Inc.
Demand for banking services is closely tied to economic activity and the level of interest rates. The profitability of individual banks depends on marketing skills, efficient operations, and good risk management. Large economies of scale exist in some segments of the industry, which has encouraged industry consolidation. Smaller banks can compete successfully in segments where customer service or knowledge of the local market is more important. The industry is capital-intensive and highly automated: annual revenue per employee is close to $300,000. Many banks and thrifts aggressively offered adjustable rate and subprime mortgages during the housing boom of the early 2000s only to find themselves saddled with loan defaults and extensive losses when the housing bubble burst. Deep exposure to subprime mortgages and mortgage-backed securities caused bank failures, government takeovers, and involuntary mergers. To read the full description, subscribe now.Top Dearborn Bancorp, Inc. Competitors
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