NASB Financial, Inc. · Grandview, MO United States ·(NASDAQ (CM): NASB)
Company Description
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This link will open in a new window NASB Financial is the holding company for North American Savings Bank, which operates about 15 branches and loan offices in the Kansas City area. Established in 1927, the bank offers a range of deposit products to retail and commercial customers, including checking, savings, and money market accounts and CDs. Its lending activities are fairly evenly split between mortgages secured by residential, commercial, and development properties. Subsidiary Nor-Am sells annuities, mutual funds, and credit life and disability insurance. Chairman David Hancock and his wife Linda (a board member) own a majority of NASB Financial. To read the full description, subscribe now.
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Key NASB Financial, Inc. Financials
| Company Type | Public - NASDAQ (CM): NASB Headquarters |
| Fiscal Year-End | September |
| 2008 Sales (mil.) | $57.4 |
| 2008 Employees | 339 |
NASB Financial, Inc. Executives
27 executives listed for NASB Financial, Inc.'s Grandview, MO location.
| Title | Name & Bio | Contact |
| Chairman and CEO, NASB Financial and North American Savings Bank; Chairman, Nor-Am | David Hancock | Network |
| President and Director; President, North American Savings Bank | Keith Cox | Network |
| VP and Treasurer; SVP and CFO, North American Savings Bank | Rhonda Nyhus | Network |
Competition
Competitive Landscape for NASB Financial, 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 NASB Financial, Inc. Competitors
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