Public Companies and Proxy Corner

PROXY CORNER: Monroe Bancorp

September 5, 2009

Monroe Bancorp, 210 E. Kirkwood Ave., Bloomington, 47408 (www.monroecountybank.com) is the holding company for Monroe Bank, which provides consumer and commercial banking services and related financial services in Monroe, Hendricks, Lawrence and Jackson counties. For the quarter ended March 31, the company reported net income of $1.1 million, or 18 cents per diluted share, on $12.7 million in revenue. That compares with net income of $1.6 million, or 26 cents per diluted share, on $13.9 million in revenue for the same period a year earlier. The company’s shares trade on the NASDAQ under the ticker symbol MROE. Information for Proxy Corner was taken from Bloomberg News and from the company’s proxy statement dated March 30, 2009.

 

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