Federal Trust Corporation Announces First Quarter Results

Apr 27, 2001, 01:00 ET from Federal Trust Corporation

    WINTER PARK, Fla., April 27 /PRNewswire/ -- James V. Suskiewich, President
 and Chief Executive Officer of Federal Trust Corporation (Nasdaq:   FDTR) today
 announced first quarter earnings of $105,628 (unaudited) or $.02 per share
 versus $307,628 or $.06 per share for the first quarter of 2000.  The decrease
 in earnings was primarily attributable to a decrease in the net interest
 margin, and additions to staff as a result of the growth of the Company and
 the addition of Commercial Lending personnel.
     The Company's assets were $266,676,319 at March 31, 2001, an increase of
 $17,737,991 from the year ended December 31, 2000.  At March 31, 2001,
 stockholders' equity was $15,840,871 (unaudited), with 4,947,911 shares of
 common stock outstanding.
     Federal Trust Corporation is a unitary savings and loan holding company
 and is the parent company of Federal Trust Bank, a $266 million federally-
 chartered, FDIC-insured savings bank.  Federal Trust Bank operates from two
 full service offices; its Executive Offices in Winter Park, Florida, and its
 Administrative Offices in Sanford, Florida, as well as a loan production
 office in New Smyrna Beach, Florida.  The Company's common stock is traded on
 the Nasdaq SmallCap Market under the symbol "FDTR."
     Press Releases and other information about Federal Trust Corporation can
 be found on the PR Newswire at http://www.prnewswire.com
     For more information, contact:  Lori MacTavish, Corporate
 Secretary/Investor Relations (407) 645-1201
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X66740227
 
 

SOURCE Federal Trust Corporation
    WINTER PARK, Fla., April 27 /PRNewswire/ -- James V. Suskiewich, President
 and Chief Executive Officer of Federal Trust Corporation (Nasdaq:   FDTR) today
 announced first quarter earnings of $105,628 (unaudited) or $.02 per share
 versus $307,628 or $.06 per share for the first quarter of 2000.  The decrease
 in earnings was primarily attributable to a decrease in the net interest
 margin, and additions to staff as a result of the growth of the Company and
 the addition of Commercial Lending personnel.
     The Company's assets were $266,676,319 at March 31, 2001, an increase of
 $17,737,991 from the year ended December 31, 2000.  At March 31, 2001,
 stockholders' equity was $15,840,871 (unaudited), with 4,947,911 shares of
 common stock outstanding.
     Federal Trust Corporation is a unitary savings and loan holding company
 and is the parent company of Federal Trust Bank, a $266 million federally-
 chartered, FDIC-insured savings bank.  Federal Trust Bank operates from two
 full service offices; its Executive Offices in Winter Park, Florida, and its
 Administrative Offices in Sanford, Florida, as well as a loan production
 office in New Smyrna Beach, Florida.  The Company's common stock is traded on
 the Nasdaq SmallCap Market under the symbol "FDTR."
     Press Releases and other information about Federal Trust Corporation can
 be found on the PR Newswire at http://www.prnewswire.com
     For more information, contact:  Lori MacTavish, Corporate
 Secretary/Investor Relations (407) 645-1201
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X66740227
 
 SOURCE  Federal Trust Corporation