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Monarch Community Bancorp Inc - Company Profile Snapshot

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Company Profile: Monarch Community Bancorp Inc
Ticker: MCBF
Exchanges: OTC
2008 Sales: 20,799,000
Major Industry: Financial
Sub Industry: Savings & Loan
Country: UNITED STATES
Employees: 88

Business Description
Monarch Community Bancorp Inc. The Group's principal activity is to provide broad range of banking services in Michigan through six full service offices. Its principal business consists of attracting retail deposits from the general public and investing those funds primarily in permanent loans secured by first mortgages, one-to-four family residences and variety of consumer loans. It also originates loans secured by commercial and multi-family real estate, commercial business loans and construction loans secured primarily by residential real estate. The deposit accounts include passbook and statement savings accounts, money market deposit accounts, NOW and non-interest bearing checking accounts and certificates of deposit. It solicit deposits of their market area and utilize brokered deposits.

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