Wedbush Bank Celebrates Five Year Anniversary, Reports Consistent Growth and Profitability

Wedbush Bank grows capital by 28% over the last five years; Reports 41% increase in net loans, 16% increase in overall assets and 11% increase in total deposits over the last 12 months; continues to service clients with high-touch, high technology approach; launches Wedbush Bank Mobile.

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We are pleased to celebrate our five year anniversary. Our success is a testament to the caliber of service and commitment that we provide to our clients and affiliates,” said Scott Racusin, President and Chief Executive Officer, Wedbush Bank.

Los Angeles (PRWEB) February 28, 2013

Wedbush Bank, a leading community bank offering an array of services for businesses and individuals, celebrates its fifth anniversary on Thursday, February 28, 2013. The bank has shown consistent profitability since its twelfth month of operation, beginning with a $20 million capital infusion that its leadership team grew by 28% over the last five years.

Throughout the last 12 months Wedbush Bank has continued this momentum, servicing clients with its high-touch, high technology approach. This past fall it launched Wedbush Bank Mobile, a mobile application available via the Apple App Store and Google Play, offering customers remote access to accounts and services as well as a check depository. It additionally reported impressive growth metrics, including a 41% increase in net loans, a 16% increase in overall assets and an 11% increase in total deposits.

“We are pleased to celebrate our five year anniversary. We have built a strong foundation through difficult times and are well positioned for continued growth,” said Scott Racusin, President and Chief Executive Officer, Wedbush Bank. “Our success is a testament to the caliber of service and commitment that we provide to our clients and affiliates.”

Wedbush Bank will host an open house celebration in its Los Angeles headquarters on Thursday, February 28 to commemorate its five year anniversary. For more information please contact Wedbush Bank at 1-866-WEDBUSH.

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About Wedbush Bank
Wedbush Bank is one of the premier business, professional and private banks headquartered in Los Angeles with offices in Ontario, Newport Beach and Portland, Oregon. Wedbush Bank delivers a wide range of innovative financial solutions including deposit, sweep and cash management services coupled with commercial, small business, asset-based, personal, government and real estate financing. Founded in February 2008, Wedbush Bank is recognized as a “5-Star Superior” rated bank by BauerFinancial and is a wholly-owned subsidiary of WEDBUSH, Inc., the parent company of Wedbush Securities. Please visit us virtually at http://www.wedbushbank.com.


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