Business News • MarketWire • Focus Business Bank Announces Unaudited Financial Results for the Quarter and Nine Months Ended September 30, 2011 |
Focus Business Bank Announces Unaudited Financial Results for the Quarter and Nine Months Ended September 30, 2011 |
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Focus Business Bank Announces Unaudited Financial Results for the Quarter and Nine Months Ended September 30, 2011
SAN JOSE, CA--(Marketwire - Oct 26, 2011) - Focus Business Bank (OTCBB: FCSB) announced unaudited financial results for the quarter and nine-months ended September 30, 2011. Net income, total assets, loans and deposits at September 30, 2011 represent record levels for the Bank. President and Chief Executive Officer Richard L. Conniff stated, "Continued growth in earning asserts has helped the Bank complete its sixth consecutive profitable quarter. This earning asset growth, which is concentrated in loans, has been funded by increases in the volume and number of core deposits accounts, particularly non-interest bearing demand deposits. Our asset quality remains excellent and we believe our strong balance sheet creates an excellent platform for continued growth and earnings improvement."
View More : http://www.marketwire.com/mw/release.do?id=1578306&sourceType=3
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