Business News • MarketWire • 1st Enterprise Bank Reports Record Quarterly and Annual Earnings |
1st Enterprise Bank Reports Record Quarterly and Annual Earnings |
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1st Enterprise Bank Reports Record Quarterly and Annual Earnings
LOS ANGELES, CA--(Marketwire - January 22, 2010) - 1st Enterprise Bank (OTCBB: FENB)
-- Net Income for 2009 of $2 million
-- 4th Quarter Net Income of $921,000
-- Total Assets Reach $384 Million
-- Total Asset Growth Exceeds $140 million over Prior Year
-- Total Deposits Increase 57% from the Prior Year
1st Enterprise Bank ("the Bank") (OTCBB: FENB), a full-service commercial
bank serving businesses and their owners throughout Southern California,
today reported fourth quarter net income of $921,000, and $2,014,000 for
the full year 2009. "The Bank continued to experience strong organic
growth from both existing and new customers, which contributed to our
record earnings for both the fourth quarter and full year," said John C.
Black, CEO. "In this very difficult economic climate, the Bank grew its
assets by more than $140 mill
View More : http://www.marketwire.com/mw/release.do?id=1106107&sourceType=3
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