FirstBank Closes Out Second Quarter with Sustained Growth and Top Workplace Ranking
Bank Continues to Demonstrate Commitment to “Banking for Good” by Raising $6 Million for Arizona Nonprofits
LAKEWOOD, Colo., Aug. 15, 2022 (GLOBE NEWSWIRE) — FirstBank, one of the nation’s largest privately held banks with a focus on “banking for good,” announced continued growth in assets, deposits and income as part of its 2022 second quarter summary on the company’s holding and activities.
At the end of June, the bank’s total assets climbed to $28.7 billion, up 7 percent from the same period in 2021. Total deposits were $26.9 billion, exceeding last year’s second quarter total by 10.4 percent, and net income rose by 14.2 percent to $163.1 million.
FirstBank was once again named Best Bank in ColoradoBiz Magazine’s 2022 Best of Colorado Business Choice Awards, after being recognized in 2021. The bank was also deemed a Top Workplace by the Denver Post for the eleventh consecutive year and was recently named one of Arizona Republic’s Top Workplaces.
“As an organization, our goal is always to remain committed to providing excellent customer service,” said Jim Reuter, CEO of FirstBank. “Our team members work tirelessly to bring our ‘banking for good’ tagline to life for customers and communities. Their hard work is evident in our strong financial performance heading into the back half of the year.”
In April, FirstBank partnered with the Arizona Alliance of Nonprofits to raise over $6 million for Arizona Gives Day, a 24-hour online giving campaign. The bank has helped raise more than $36 million for Arizona charities since the giving movement began in 2013.
For more information about FirstBank, visit www.efirstbank.com.
FirstBank began providing banking services in 1963. Today, it’s known as an industry leader in digital banking and has grown to be one of the largest privately held banks in the United States, maintaining more than $28 billion in assets and 100 branch locations across Colorado, Arizona and California. FirstBank offers a variety of consumer deposit accounts, home equity loans, mortgages, rental property loans and a full range of commercial banking services, including business financing, commercial real estate loans, treasury management and more. Since 2000, FirstBank has been recognized as a top corporate philanthropist, contributing nearly $80 million and thousands of volunteer hours to charitable organizations. The company is also unique in that a large portion of its stock is owned by management and employees, giving employees a financial stake in the bank’s success through its Employee Stock Ownership Program. For more information, visit www.efirstbank.com.