Castle Holding Corp. (CHOD.PK)

Castle Holding Corp. is the holding company of Castle Securities Corp. (Castle) and Citadel Securities Corp. (Citadel). Castle operates as a broker-dealer in securities, with business activities that include the underwriting and brokerage of fixed income and equity securities. Citadel operates as a broker-dealer in securities, conducting business exclusively with other broker-dealers. Castle is currently licensed to conduct its broker-dealer business in 37 states and the District of Columbia. Citadel is currently licensed to conduct its broker-dealer business in New York only.

For the nine months ended 6/02, total revenues decreased 21% to $941 thousand. Net loss before extraordinary item increased 9% to $603 thousand. Results reflect decreased commissions earned, partially offset by a reduction in fees paid to consultants.