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Total Assets Top $50 Million at Endeavor Bank

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Total Assets Top $50 Million at Endeavor Bank

San Diego's first new community bank in 10 years is growing.

PR Newswire

SAN DIEGO, August 13, 2018 /PRNewswire-PRWeb/ -- Endeavor Bank (OTC:EDVR), having completed its first five full months of banking operations on June 30, 2018, reported strong loan and deposit growth since opening for business on January 22, 2018. Unaudited results as of the June 30, 2018 reporting date show total assets of $50.3 million, with deposits totaling $26.8 million and loans standing at $13.3 million.

Steve Sefton, President, commented, "We are more than satisfied with our early performance in terms of both deposit and asset growth, and equally important, with the team we assembled to accomplish that growth."

Dan Yates, CEO, further stated, "We are especially pleased with our suite of technology offerings. Banking today depends more than ever on providing the smoothest, most sophisticated technology experience available. Clients expect an exceptional experience and just won't accept anything less. We continue to build our platform, but we are satisfied that our client experience today rivals even the most sophisticated competition, including those with "big-bank" Information Technology budgets."

About Endeavor Bank
Endeavor Bank is primarily owned and operated by San Diegans for San Diego businesses and their owners. The Bank's focus is local: local decision-making, local board, local founders, local owners, and relationships with local clients in the San Diego metropolitan market place and its surrounding areas.

Headquartered in downtown San Diego in the landmark Symphony Towers building, the Bank also operates a loan production office in Carlsbad. Endeavor Bank offers traditional business banking services across a broad spectrum of industries and specialties. Unique to the Bank is its consultative banking approach that partners business clients with Endeavor Bank's senior management. Together, they build strategies and provide resources that solve problems, plan for the future, and help clients' efforts to grow revenues and profits. Visit http://www.bankendeavor.com for more information.

Forward-Looking Statements
This press release includes "forward-looking statements," as such term is defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on the current beliefs of the Bank's directors and executive officers (collectively, "Management"), as well as assumptions made by and information currently available to the Bank's Management. All statements regarding the Bank's business strategy and plans and objectives of Management of the Bank for future operations, are forward-looking statements. When used in this press release, the words "anticipate," "believe," "estimate," "expect" and "intend" and words or phrases of similar meaning, as they relate to the Bank or the Bank's Management, are intended to identify forward-looking statements. Although the Bank believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct. Important factors that could cause actual results to differ materially from the Bank's expectations ("cautionary statements") are the loss of key personnel, lower lending limits and capital than competitors, regulatory restrictions and oversight of the Bank during its "de novo" phase, the secure and effective implementation of technology, risks related to the local and national economy, the Bank's implementation of its business plans and management of growth, loan performance, interest rates, and regulatory matters, the effects of trade, monetary and fiscal policies, inflation, and changes in accounting policies and practices. Based upon changing conditions, if any one or more of these risks or uncertainties materialize, or if any underlying assumptions prove incorrect, actual results may vary materially from those described as anticipated, believed, estimated, expected or intended. The Bank does not intend to update these forward-looking statements.

 

 

SOURCE PRWeb House E-Commerce

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