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Article: First Commerce Bank Tops $20 Million In Assets Strong Deposit and Loan Growth Puts Bank Ahead of Plan
- Article from:
- PR Newswire
- Article date:
- November 12, 1996
CopyrightCOPYRIGHT 1996 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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CHARLOTTE, N.C., Nov. 12 /PRNewswire/ -- First Commerce Bank -- after only three months in business -- has topped $20 million in assets. This significantly exceeds the deposit growth of the typical start-up community bank, which averages deposit increases of about $2 million per month.
"We were confident First Commerce would be well received in the market, and we are pleased that we have exceeded our expectations during this start-up phase. Customers have deposited more than $12 million during our first three months in operation. Also, loan growth has been exceptional. More than 100 customer loans made since August 12, 1996 totaled $6.2 million," says Wes ...