FirstBank posts strong first quarter results in Arizona

Cash

ORGANIZATIONS IN THIS STORY

LETTER TO THE EDITOR

Have a concern or an opinion about this story? Click below to share your thoughts.
Send a message

Community Newsmaker

Know of a story that needs to be covered? Pitch your story to The Business Daily.
Community Newsmaker

FirstBank Holding Company said first quarter financials for its Arizona operations show strong growth.

FirstBank Holding Company said Wednesday that the first quarter financials for its Arizona operations show strong growth, with deposits growing by 30.6 percent to $351.7 million.

Bank officials also said total loans grew by 27.4 percent to $686.9 million and total assets grew by 25.2 percent to $752.7 million.

FirstBank has 17 locations in the Phoenix area and more than 100 locations throughout Arizona, Colorado and California, offering banking services to more than 700,000 customers.

“Since entering the market in 2007, we’ve experienced substantial growth and significantly increased our footprint in Arizona,” Kevin Classen, FirstBank market president of the West Valley, said. “We are striving to carry on this upward trend through the rest of the year as we continue to serve customers and small businesses in the Phoenix area.”

ORGANIZATIONS IN THIS STORY

LETTER TO THE EDITOR

Have a concern or an opinion about this story? Click below to share your thoughts.
Send a message

Community Newsmaker

Know of a story that needs to be covered? Pitch your story to The Business Daily.
Community Newsmaker

MORE NEWS