During the corresponding time, Baylake Corp recorded a revenue increase by 1.88 % year on year, sequentially revenue grew by 7.1 %. While revenue at the Baylake Corp's corporate clients
Baylake's Comment on Sales, Marketing and Customers
Other services and products we offer include safe deposit box services, personal
and business trust services, brokerage services, treasury management, private
banking, financial planning and electronic banking services, including mobile
banking, and eBanc, an internet banking product for our customers. Additionally,
we offer investment advisory services through Admiral.
The tourism/recreation industry, particularly in the Door County market, substantially
affects our business with our customers, particularly those customers in the
restaurant and lodging businesses. The tourist business of Door County is largely
seasonal, with the vast majority of tourist vacationing beginning in early spring
and continuing until late fall. Although businesses and customers involved in
the delivery of tourism-related services have financial needs throughout the
entire year, the seasonal nature of the tourism business tends to result in
increased demands for loans shortly before and during the tourist season and
causes reduced deposits shortly before and during the early part of the tourist
season. Although more pronounced in the past, this seasonality has become lessened
by the continued growth of other industries throughout our markets in the past
few years.
Baylake’s Comment on Sales, Marketing and Customers
Other services and products we offer include safe deposit box services, personal
and business trust services, brokerage services, treasury management, private
banking, financial planning and electronic banking services, including mobile
banking, and eBanc, an internet banking product for our customers. Additionally,
we offer investment advisory services through Admiral.
The tourism/recreation industry, particularly in the Door County market, substantially
affects our business with our customers, particularly those customers in the
restaurant and lodging businesses. The tourist business of Door County is largely
seasonal, with the vast majority of tourist vacationing beginning in early spring
and continuing until late fall. Although businesses and customers involved in
the delivery of tourism-related services have financial needs throughout the
entire year, the seasonal nature of the tourism business tends to result in
increased demands for loans shortly before and during the tourist season and
causes reduced deposits shortly before and during the early part of the tourist
season. Although more pronounced in the past, this seasonality has become lessened
by the continued growth of other industries throughout our markets in the past
few years.
Sources:
Baylake Corp’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: Baylake Corp’s corporate clients.
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