During the corresponding time, Edgewater Bancorp, Inc. recorded a revenue increase by 9.62 % year on year, sequentially revenue grew by 7.43 %. While revenue at the Edgewater Bancorp, Inc.'s corporate clients
Edgewater Bancorp's Comment on Sales, Marketing and Customers
We conduct our operations from our main office in St. Joseph, Michigan and our
four additional full-service banking offices located in Royalton Township, Coloma,
Bridgman and Buchanan, Michigan. We have completed the sale of the Decatur office
on January 24, 2014. Our primary market area includes Berrien County, and, to
a lesser extent, Van Buren County and Cass County, Michigan, all of which are
located in southwestern Michigan near the border of Indiana, and portions of northern
Indiana that are contiguous with Berrien and Cass Counties. We will, on occasion,
make loans secured by properties located outside of our primary market are, especially
to borrowers with whom we have an existing relationship and who have a presence
within our primary market area. Our primary market area includes small towns and
rural communities, and St. Joseph, where our headquarters are located, is a community
of upscale retirement, vacation or second homes. Our market area was historically
a manufacturing and agricultural-based economy, including the world headquarters
of Whirlpool Corporation and Leco Corporation. Our market area has experienced
continued developments in the medical and health services and nuclear energy industries,
with Lakeland Regional Health System and Indiana Michigan Power employing large
numbers of people, as well as the metal fabrication and tourism industries. The
economy in our market area also has a significant service component, particularly
the food and beverage industries. The regional economy is fairly diversified,
supported by government, professionals such as doctors, lawyers and accountants,
wholesale and retail trade, manufacturing and agriculture.
Sources:
Edgewater Bancorp, Inc.’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: Edgewater Bancorp, Inc.’s corporate clients.
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