BFMG - What does BFMG stand for? The Free Dictionary
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We are very comfortable with their management team and the quality of loans BFMG
Included in salary expense for the quarter ended September 30, 2008, are nonrecurring earnout payments totaling $186,000 to former partners of BFMG
pursuant to the acquisition agreement, with no similar payments during the quarter ended September 30, 2007.
The increase in noninterest expense was primarily due to an increase in salaries and employee benefits associated with the BFMG
Acquisition, as well as increased stock compensation expense from the shareholder approved equity incentive plan and employee stock ownership plan expense.