FirstBank Continues Growth in Arizona Through First Quarter

FirstBank Significantly Increases Total Deposits, Assets and Loans

PHOENIX--(BUSINESS WIRE)-- FirstBank Holding Company, with 17 banking locations in the Phoenix area, today announced its 2016 first quarter financial results for its Arizona branches.

As of March 31, FirstBank increased deposits by 30.6 percent from $269.3 million in the first quarter of 2015 to $351.7 million in 2016. The bank also saw significant growth in total loans, growing from $539.1 million to $686.9 million year-over-year, an increase of 27.4 percent, and in total assets, growing by 25.2 percent to $752.7 million from $601.2 million in 2015.

“Since entering the market in 2007, we’ve experienced substantial growth and significantly increased our footprint in Arizona,” said Kevin Classen, FirstBank market president of the West Valley. “We are striving to carry on this upward trend through the rest of the year as we continue to serve customers and small businesses in the Phoenix area.”

FirstBank offers a variety of checking and savings accounts, including its Anywhere Account with eSave, which automatically transfers 1 cent up to $99.99 to customers’ savings account each time they use a debit card, pay a bill electronically or transfer funds. FirstBank also offers mortgages, home equity loans and a full range of commercial loans and business accounts and services. For more information, visit www.efirstbank.com.

About FirstBank

FirstBank operates more than 120 locations in Colorado, Arizona and California. FirstBank is the largest locally owned banking organization in Colorado, serving more than 700,000 customers. Since 2000, FirstBank has contributed more than $50 million and thousands of volunteer hours to charitable organizations. FirstBank is unique in that a majority of its stock is owned by management and employees. For more information, go to www.efirstbank.com.

Member FDIC

Equal Housing Lender

View source version on businesswire.com: http://www.businesswire.com/news/home/20160427006302/en/

FirstBank
Chandra Brin, 303-239-5051
[email protected]
or
Linhart Public Relations
Jake Kubié, 303-515-2414
[email protected]

Source: FirstBank Holding Company

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