Magazine : Archives : 2nd Quarter 2006

For Your Review

Don't Leave Independent Seats Vacant for Long The board of Pulaski Financial Corp. in St. Louis hasn't done much wrong over the past decade. The once-sleepy mutual thrift had four branches and $168 million in assets when it went public in 1998. Today, $806 million Pulaski has nine branches and is regarded as one of the top-performing thrifts in the nation, with a 2005 return on equity of 16.55%. The company's emphasis on a handful of consumer products, including mortgages and home equity lines of credit, has fueled compounded annual earnings growth rate of 25% since the IPO. "It's been...