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1st Enterprise Bank eNews

 
eNews Summer 2010
 

An Update for Our Colleague from John Black:

Announcing 1st Enterprise Bank’s
4th Anniversary
1st Enterprise Bank has experienced record growth, combined with exceptional safety and soundness since it was founded four years ago in July of 2006. The Bank’s growth is predicated upon 100% relationship-based banking with local companies and organizations that value exceptional service, consistency and dedication to their needs. 
  
 
Q2 2010 Financial Results
1st Enterprise Bank reported 2nd Quarter net income of $251,000, with total assets of $464 million. These numbers reflect a 50% increase in total assets from a year ago and a 15% increase from the prior quarter.
 
“Quality customer relationships continue to be attracted to 1st Enterprise’s service model, as our highly experienced bankers and staff have generated deposit growth of $145 million over the last year,” said John C. Black, CEO. “In addition, the Bank has grown its loan portfolio by more than 30% in the last year.” 
 
The Bank had no loan charge-offs, zero non-performing loans or any past due loans at the end of the 2nd Quarter, evidence that we continue to attract quality customer relationships. John Black continued, “We are continuing to pursue the same business plan upon which we were founded, and as a result are experiencing continued success. We see ourselves as a quality alternative to the mass-market financial institutions.”
 
Sincerely,                                                         
John Black 
 
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 Los Angeles
 Headquarters Office       
 818 West 7th St.
 Suite 220
 Los Angeles, CA 90017
 (213) 430-7000                    
Orange County
Regional Office
17901 Von Karman Ave.
Suite 450
Irvine, CA 92614
(949) 399-5000                 
  Inland Empire
  Regional Office
  3281 E. Guasti Rd.
  Suite 875
  Ontario, CA 91761
  (909) 544-5500

 
818 West 7th Street, Suite 220 | Los Angeles, CA 90017
 
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