“Our strong revenue growth is a testament to the value we deliver to our Members and Partners. Look for new and exciting product launches later this year to continue our mission of helping our Members preserve the diversity of the American banking system.”Tom Ferries, CBANC CEO
AUSTIN (PRWEB) August 13, 2020
Inc. magazine today revealed that Austin’s CBANC Network is No. 725 on its annual Inc. 5000 list, the most prestigious ranking of the nation’s fastest-growing private companies. CBANC ranks number 2 on the list in the Business Services category in the Austin metro area.
“We’re pleased to be in great company on this year’s Inc 5000 list,” said CBANC CEO Tom Ferries. “Our strong revenue growth is a testament to the value we deliver to our Members and Partners. Look for new and exciting product launches later this year to continue our mission of helping our Members preserve the diversity of the American banking system.”
Not only have the companies on the 2020 Inc. 5000 been competitive within their markets, but the 2020 list shows strong performance compared with prior lists as well. The 2020 Inc. 5000 achieved a three-year average growth of over 500 percent, and a median rate of 165 percent. The Inc. 5000’s aggregate revenue was $209 billion in 2019, accounting for over 1 million jobs over the past three years.
Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at http://www.inc.com/inc5000. The top 500 companies are also being featured in the September issue of Inc., available on newsstands August 12.
About CBANC Network
CBANC is the largest professional network of US commercial banking institutions, the people that work for them and the vendors who serve them. We connect bank and credit union professionals, provide them with software to help them streamline their businesses, and give them access to screened vendors to help them make purchase decisions.
CBANC’s mission is to help small- and mid-sized US financial institutions do more, be more efficient, and compete at a higher level by leveraging the collective power of our network. Over fifty-five thousand members strong, CBANC’s membership represents over 8,600 financial institutions and more than $22 trillion in total assets. CBANC is based in Austin, Texas.
More about Inc. and the Inc. 5000
The 2020 Inc. 5000 is ranked according to percentage revenue growth when comparing 2016 and 2019. To qualify, companies must have been founded and generating revenue by March 31, 2016. They had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2019. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2016 is $100,000; the minimum for 2019 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Companies on the Inc. 500 are featured in Inc.’s September issue. They represent the top tier of the Inc. 5000, which can be found at http://www.inc.com/inc5000.
About Inc. Media
The world’s most trusted business-media brand, Inc. offers entrepreneurs the knowledge, tools, connections, and community to build great companies. Its award-winning multiplatform content reaches more than 50 million people each month across a variety of channels including websites, newsletters, social media, podcasts, and print. Its prestigious Inc. 5000 list, produced every year since 1982, analyzes company data to recognize the fastest-growing privately held businesses in the United States. The global recognition that comes with inclusion in the 5000 gives the founders of the best businesses an opportunity to engage with an exclusive community of their peers, and the credibility that helps them drive sales and recruit talent. The associated Inc. 5000 Conference is part of a highly acclaimed portfolio of bespoke events produced by Inc. For more information, visit http://www.inc.com.