Community Connections Help Banks See Growth
February 02, 2015|By Eric Watson
When fiscal 2014 ended on Sept. 30, 2014, most San Antonio-area banks — 16 of 21 analyzed for this article — saw gains in their overall deposits. Several banks saw double-digit increases, while none of the five that saw decreases lost more than 4 percent.
One of those is a relative newcomer, The Bank of San Antonio, which reported a 10.1 percent increase in deposits from September 2013 to September 2014. Several factors contributed to the institution’s growth, said Brent Given, president and CEO for The Bank of San Antonio, which ended the year with an increase of $62 million in deposits, or 15 percent, from 2013.
“The growth in deposits can be attributed to our focus on building relationships with locally owned businesses, delivering mega-bank treasury management and credit solutions, (and delivering the) customer service you would expect from a community bank,” Given said. “This focus has enabled us to grow from zero deposits when we opened on June 22, 2007, to $410 million as of December 31, 2014.”
He added, “There is no reason not to expect another double digit growth in deposits in 2015.”
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