FORT LAUDERDALE, Fla., April 11, 2018 (GLOBE NEWSWIRE) -- First GREEN Bank, a local bank with a global mission, announces today its 2018 first quarter earnings of $2.2 million. This was an increase of 180 percent from the bank’s 2017 first quarter earnings of $796,000. The growth in earnings is the result of the bank’s expansion into South Florida, in addition to the continued high performance of its Central Florida offices.
“Our team of outstanding bankers continues to impress me through their ability to outmaneuver their larger and usually cheaper competition on lending to small and mid-sized companies,” said Keith Costello, President & CEO of First GREEN Bank. “It truly is a testament to the fact that business owners still recognize the value of a local banking relationship.”
Assets of the bank also increased substantially from $578 million to $731 million from the end of March 2017 to end of March 2018. This 30 percent balance sheet growth was seen in loan as well as deposit growth.
“Prioritizing ethical business practices is often a rarity in the financial sector,” said founder and chairman of First GREEN Bank, Ken LaRoe. “We are proud to differentiate ourselves from the big banks out there by continuing to succeed in our goal to do banking differently – in a way that is socially and environmentally responsible, without sacrificing profit.”
First GREEN Bank is a full-service financial institution, offering personal and commercial banking services such as loans, mortgages, checking and savings, CDs, IRAs and money markets. For more information about First GREEN Bank, please visit www.firstgreenbank.com.
About First GREEN Bank
Since its opening in 2009, First GREEN Bank has led an impactful and successful charge to prove there is a better way to do business — one that is financially, environmentally and socially responsible. Committed to incorporating a strong sense of social responsibility into their business, founder Ken LaRoe and CEO Keith Costello are two leaders and friends in the banking industry to promote environmentally responsible behavior through First GREEN’s business and employees. Together, LaRoe and Costello plan to promote their global mission. Headquartered in Orlando, with additional locations in Mount Dora, Clermont, Ormond Beach, Winter Park, Fort Lauderdale, and, most recently, Altamonte Springs, First GREEN Bank offers personal and commercial banking services.
To find out more about First GREEN Bank, visit www.firstgreenbank.com.
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Source:First GREEN Bank