The group's principal activity is to provide full service commercial banking, consumer banking and variety of deposit services. The group operates through its wholly owned subsidiaries first metro mortgage co and the first state bank. The group's lending activity include commercial, consumer installment, real estate, home equity and second mortgage loans, with particular emphasis on short and medium term obligations. It also offers on-line banking services to its customers. Commercial banking accounted for 95% of gross revenues of 2002; mortgage banking, 5% and other nominal.
