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  • Meadows Bank 2Q 2017 Earnings

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    Meadows Bank, headquartered in Las Vegas, Nevada announced today that it posted Net Income After Tax of $5,625,000 in the first half of 2017 which was 41% higher than the $4,003,000 it earned during the same period in 2016. "The increase in our bottom line was due to Net interest income in the first half of 2017 growing by 15% or $2,200,000 over the same period the prior year," said Arvind Menon, President &

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    Meadows Bank, headquartered in Las Vegas, Nevada announced today that it posted Net Income After Tax of $5,625,000 in the first half of 2017 which was 41% higher than the $4,003,000 it earned during the same period in 2016. "The increase in our bottom line was due to Net interest income in the first half of 2017 growing by 15% or $2,200,000 over the same period the prior year," said Arvind Menon, President &

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    22 views2 pages

    Meadows Bank 2Q 2017 Earnings

    Uploaded by

    PR.com
    Meadows Bank, headquartered in Las Vegas, Nevada announced today that it posted Net Income After Tax of $5,625,000 in the first half of 2017 which was 41% higher than the $4,003,000 it earned during the same period in 2016. "The increase in our bottom line was due to Net interest income in the first half of 2017 growing by 15% or $2,200,000 over the same period the prior year," said Arvind Menon, President &

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    Meadows Bank 2Q 2017 Earnings

    Phoenix, AZ, August 09, 2017 --(PR.com)-- Meadows Bank, headquartered in Las Vegas, Nevada
    announced today that it posted Net Income After Tax of $5,625,000 in the first half of 2017 which was
    41% higher than the $4,003,000 it earned during the same period in 2016. "The increase in our bottom
    line was due to Net interest income in the first half of 2017 growing by 15% or $2,200,000 over the same
    period the prior year," said Arvind Menon, President & CEO of the bank.

    As of June 30, 2017, the bank had Total Loans of $610.2 million which represented a 14% growth or
    $76.2 million over loans outstanding at June 30, 2016. Meanwhile Total Deposits grew by $84 million
    from 6/30/16 to $613.1 million at June 30, 2017. Also, as of June 30, 2017, Total Assets grew to $727.4
    million while Total Equity Capital grew to $76.2 million.

    Separately, Meadows Bank announced that in the second quarter it opened a new SBA Loan Production
    Office in Vancouver, Washington. "The Pacific Northwest has a vibrant economy and we hope to
    participate in this dynamic market by providing SBA 7(a) and 504 loans to the many businesses in the
    area," said Arvind Menon.

    About Meadows Bank: Meadows Bank is a full service community bank headquartered in Las Vegas,
    Nevada. It has branches in Pahrump, Henderson and Reno, Nevada and Phoenix, Arizona. It also has loan
    production offices in Salt Lake City, UT; Phoenix, AZ; Denver, CO; Sacramento, CA; Dallas, TX and
    Vancouver, WA. For more information on the bank and its products and services please visit our website
    at www.meadowsbank.bank.

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    Contact Information:
    Meadows Bank
    Arvind Menon
    702-471-2265
    Contact via Email
    meadowsbank.bank

    Online Version of Press Release:


    You can read the online version of this press release at: http://www.pr.com/press-release/726101

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