Meadows Bank Income Surges 34% in 2017
Las Vegas, NV, February 09, 2018 --(PR.com)-- Meadows Bank headquartered in Las Vegas, Nevada announced its 2017 operating results including the following highlights:
• 2017 full year Net Income grew 34% to $11.9 million versus $8.9 million in 2016
• Loan portfolio grew 18% or $107 million to $682.1 million at 12/31/17 from $574.9 million at prior year end
• Deposits grew from $547.6 million at 12/31/16 to $680.0 million at 2017 year end
• Total assets at 12/31/17 of 791.0 million representing a 20% growth in 2017
“2017 saw a continuation of strong growth in Nevada and Arizona for conventional lending as well as in our SBA lending programs,” said Meadows Bank Chairman William Bullard.
• 2017 full year Net Income grew 34% to $11.9 million versus $8.9 million in 2016
• Loan portfolio grew 18% or $107 million to $682.1 million at 12/31/17 from $574.9 million at prior year end
• Deposits grew from $547.6 million at 12/31/16 to $680.0 million at 2017 year end
• Total assets at 12/31/17 of 791.0 million representing a 20% growth in 2017
“2017 saw a continuation of strong growth in Nevada and Arizona for conventional lending as well as in our SBA lending programs,” said Meadows Bank Chairman William Bullard.
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Meadows Bank
Arvind Menon
702-471-2265
meadowsbank.bank
Arvind Menon
702-471-2265
meadowsbank.bank
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