Business News • MarketWire • 1st Enterprise Bank Reports Results for the Quarter Ending March 31, 2011, Highlighted by $106 Million or 26% Growth in Total Assets Over the Prior Year |
1st Enterprise Bank Reports Results for the Quarter Ending March 31, 2011, Highlighted by $106 Million or 26% Growth in Total Assets Over the Prior Year |
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1st Enterprise Bank Reports Results for the Quarter Ending March 31, 2011, Highlighted by $106 Million or 26% Growth in Total Assets Over the Prior Year
LOS ANGELES, CA--(Marketwire - Apr 20, 2011) - 1st Enterprise Bank ("the Bank") (OTCBB: FENB), a full-service commercial bank serving the Southern California business community, reported net income of $595,000 for the first quarter of 2011, a $128,000 or 28% increase over the first quarter of 2010. "The Bank continues to generate strong earnings and asset growth," said Brian Horton, President. "The Bank has grown its deposits by $105 million and its loans by $66 million over the last year. We continue to have no charged-off or past due loans," added Mr. Horton, "and we grew income before both taxes and provision for loan losses by $262,000 or 31% over the first quarter of 2010."
View More : http://www.marketwire.com/mw/release.do?id=1505079&sourceType=3
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