Federal Trust Corporation · Sanford, FL United States
Company Description
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This link will open in a new window This company would prefer it if you did make a federal case of things. Federal Trust Corporation is the holding company for Federal Trust Bank, which serves Central Florida with about a dozen branches. The bank provides traditional retail products, including personal and business checking accounts, savings accounts, and CDs. Residential mortgages make up some 60% of the company's loan portfolio; other offerings include construction and land development loans, commercial mortgages, and to a lesser extent business and consumer loans. Federal Trust was acquired by The Hartford Financial Services Group in 2009 and was made a subsidiary of The Hartford. To read the full description, subscribe now.
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Key Federal Trust Corporation Financials
| Company Type | Subsidiary Headquarters |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | $5.8 |
| 2008 Employees | 89 |
Federal Trust Corporation Executives
8 executives listed for Federal Trust Corporation's Sanford, FL location.
| Title | Name & Bio | Contact |
| President and Director | Robert Paiano | Network |
| SVP Special Assets and Interim Chief Credit Officer | Edward Walker | Network |
| EVP and Senior Loan Officer, Federal Trust Bank | Mark McRae | Network |
Competition
Competitive Landscape for Federal Trust Corporation
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 Federal Trust Corporation Competitors
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