Professional Bank continues to seek out growth both in attracting deposits and focusing on making profitable and quality loans to the South Florida professional and business communities we serve.
Coral Gables, FL (PRWEB) March 22, 2012
Professional Bank today reported 2011 results and its first full year of profitability since the bank’s founding in 2008. Professional Bank also reported growth across all key banking financial indicators. The most impressive growth was recorded in the bank’s end-of-year net income, which increased by 127% for a net profit of $562,931.
“The marked improvement in our key financial indicators serves as testament to the bank’s new executive leadership team under President and CEO Raul G. Valdes-Fauli,” said Dr. Stanley Shapiro, Chairman, Professional Bank.
Professional Bank saw double digit increases in assets and deposits during 2011. Assets increased by 20% to $138,381,009 and the bank’s deposits grew by 23% to $112,449,894 year-over-year. Meanwhile the bank’s loan portfolio grew a healthy 9% to $77,538,434.
“Professional Bank continues to seek out growth both in attracting deposits and focusing on making profitable and quality loans to the South Florida professional and business communities we serve,” said Valdes-Fauli. “Our goals for 2012 is to continue upon our pathway to success in all facets of the business with a focus on delivering exceptional customer service and increasing profitability across all business lines.”
About Professional Bank
Professional Bank is a strong “relationship bank” serving the banking needs of professionals, business owners, entrepreneurs and executives in our community while providing its customers with a concierge-style banking service. Professional Bank is a member of FDIC and an Equal Housing Lender. For more information about Professional Bank, please visit http://www.professionalbankfl.com.
Alec J. Rosen | 786.457.6680