Mr. James D. Shelton This is Me

 Web References

1. 1. First Federal Savings Bank: Who is FFS?

   www.firstfedct.com/officers.ht - [Cached]

   Published on: 8/7/2001   Last Visited: 8/7/2001

   James D. Shelton Chairman , President and Chief Executive Officer
   
   ...
   James D. Shelton Chairman , President and Chief Executive Officer First Federal Savings

2. 2. First Federal Savings Announces Quarterly Earnings and Dividend

   www.businesswire.com/cgi-bin/f - [Cached]

   Published on: 10/19/2000   Last Visited: 10/19/2000

   James D. Shelton, President and CEO of First Federal Savings and Loan Association of East Hartford, CT (NASDAQ : FFES) today announced net income for the third quarter ended September 30, 2000 of $ 2, 013, 000 or $ 0.70 per diluted share, a 3 % increase compared to $ 1, 955, 000 or $ 0.69 per diluted share for the third quarter ended September 30, 1999. Net income for the third quarter 2000 included net securities losses of $ 112, 000 after taxes or $ 0.04 per diluted share while the net income for the third quarter 1999 included net securities gains of $ 300, 000 after taxes or $ 0.11 per diluted share. Net income for the nine-month period ended September 30, 2000 was $ 5, 981, 000 or $ 2.09 per diluted share, a 15 % increase compared to $ 5, 198, 000 or $ 1.85 per diluted share for the comparable nine-month period in 1999. Net income for the nine-month period in 2000 included net securities losses of $ 52, 000 after taxes or $ 0.02 per diluted share while the net income for the nine-month period in 1999 included net securities gains of $ 392, 000 after taxes or $ 0.14 per diluted share. Mr. Shelton stated that Our 2000 plan to target, improve and grow the core business of the bank remains on course. Fundamental earnings, net loans and fee income have achieved solid growth through the first nine months of this year. In mid-August we opened our first supermarket branch at Shop Rite in Manchester and it is off to a great start. We have focused sales and marketing efforts on opening and maintaining fee based products and transaction type accounts and our goals for the growth of these core products are close to or in excess of pace.. Mr. Shelton also announced that at its October 18, 2000 meeting, the Board of Directors declared a regular quarterly cash dividend of $ 0.20 per share to be paid to shareholders of record as of November 1, 2000 and to be distributed on or about November 9, 2000. First Federal is a $ 1.1 billion institution with 12 offices serving Greater Hartford, Connecticut. In addition to historical information, this press release may include forward-looking statements based on current management expectations, projections and estimates. First Federal's actual results could differ materially from those management expectations, projections and estimates. Factors that could cause future results to vary from current management expectations include, but are not limited to, general economic conditions, legislative and regulatory changes, monetary and fiscal policy changes of state and federal government, changes in tax policies, rates and regulations of federal, state and local tax authorities, changes in interest rates, deposit flows, cost of funds, demand for loan products, demand for financial services, competition, changes in the quality or composition of First Federal's loan and investment portfolios, changes in accounting principles, policies or guidelines, and other economic, competitive, governmental and technological factors affecting First Federal's operations, markets, products, services, and prices. Further description of the risks and uncertainties to the business are included in Item 1, Business, of First Federal's 1999 Form 10-K as filed with the Office of Thrift Supervision. First Federal expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in First Federal's expectations or any change in events, conditions or circumstances on which any such statements are based.
   ...
   James D. Shelton
   
   President and Chief
   
   Executive Officer
   
   860/289-6401
   
   KEYWORD : CONNECTICUT NEW YORK
   
   INDUSTRY KEYWORD : BANKING EARNINGS DIVIDEND
   
   ©2000

3. 3. ACB: Press Release (ACB Applauds Regulators For Fleet/BankBoston Branch Sales To Community Banks)

   www.acbankers.org/communicatio - [Cached]

   Published on: 9/16/1999   Last Visited: 8/16/2000

   James D. Shelton, chairman, president and CEO, First Federal Savings and Loan Association, East Hartford, Conn., noted that community banks should have been afforded an even larger role in the branch sales, but added that community institutions, such as his, were looking forward to competing with Sovereign. I can not wait to compete with this out-of-state, unknown bank. Community banks here will benefit by some of the erosion in deposits that will come from the divestitures..
   
   Shelton, who was part of a group assembled by ACB that went to Washington to express their concerns directly to the Justice Department, praised ACB for being the only national trade group to represent the views of community banks. We raised their consciousness on the near-monopoly that Fleet would have on ATMs, and we informed Justice that in previous mergers the big banks were able to prohibit community banks from buying or leasing off-site ATMs and branches that were later closed..
   
   Justice is requiring the merging banks to divest about 550 automated teller machines and to not block banks from acquiring or leasing branch offices that Fleet may close in the future.