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Skibo Financial, named after the Scottish castle Andrew Carnegie bought in 1898, is the holding company for First Carnegie Deposit, which operates three branches southwest of Pittsburgh. Founded in 1924, the bank mainly originates one- to four-family residential mortgages (about a third of the company's loan portfolio), federally insured mortgages (nearly 30%), and commercial real estate and Small Business Administration loans (almost 15% each). Mortgage-backed securities account for approximately half of the company's assets. Skibo Bancshares, a federally chartered mutual holding company, owns about 60% of Skibo Financial. The company is being bought by Northwest Bancorp.
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Address: |
242 E. Main St.
Carnegie, PA 15106
| | Phone: | 412-276-2424 | | Fax: | |
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| Financial
Highlights | | Fiscal Year End: | March | | Revenue (2003): | 8.50 M | | Revenue Growth (1 yr): | (-8.60%) | | Employees (2003): | 16 | | Employee Growth (1 yr): | (-5.90%) |
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Key People
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Chairman:
John C. Burne
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President, CEO, and Director:
Walter G. Kelly
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COO, CFO, and Treasurer:
Carol A. Gilbert
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