FirstBank Experiences Significant Growth in Arizona in 2015

FirstBank Increases Total Deposits and Loans by More Than 32 Percent

PHOENIX--(BUSINESS WIRE)-- FirstBank Holding Company, with 16 banking locations throughout Arizona, today announced its 2015 second quarter financial results for its Phoenix, East and West Valley markets.

As of June 30, the FirstBank branches in Arizona increased deposits by 32.8 percent from $228.4 million in 2014 to $303.4 million in 2015. The bank also saw significant growth in total loans, growing from $440.2 million to $587.9 million year-over-year, an increase of 33.6 percent. Additionally, FirstBank opened one new branch in Scottsdale on N. Scottsdale and E. Pinnacle Peak, growing the company’s Arizona footprint to 16 total branches.

“We’ve enjoyed tremendous success over the last several years in Arizona and look forward to building on this momentum in the second half of 2015,” said Kevin Classen, FirstBank Market President of the West Valley. “Our success generating double-digit lending and deposit growth has allowed us to open more locations to better serve Phoenix-area residents with a number of banking products and services.”

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.

Member FDIC

Equal Housing Lender

View source version on businesswire.com: http://www.businesswire.com/news/home/20150720005949/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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