FirstBank Continues Growth in Arizona Through Third 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 2015 third quarter financial results for its Arizona branches.

As of Sept. 30, FirstBank’s Arizona branches increased deposits by 24.7 percent from $240.1 million in 2014 to $299.5 million in 2015. The bank also saw significant growth in total loans, growing from $462.4 million to $611.9 million year-over-year, an increase of 32.3 percent. Additionally, FirstBank opened one new branch location during the third quarter on S. 40th St. and E. Chandler Blvd. in Phoenix.

“We’ve considerably increased our total deposits, assets and loans, and opened a new branch to even better serve our customers,” said Kevin Classen, FirstBank market president of the West Valley. “FirstBank has experienced tremendous growth and success in Arizona over the last few years, and we look forward to continuing that momentum as we close out 2015.”

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 650,000 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.

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Member FDIC

Equal Housing Lender

View source version on businesswire.com: http://www.businesswire.com/news/home/20151029006244/en/

FirstBank
Brian Jensen, 303-235-1400
[email protected]
or
Linhart Public Relations
Jake Kubié, 303-515-2414
[email protected]

Source: FirstBank

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