fort lauderdale: Paradise Bank Announces Record Profit from SBA Loan Initiative
- 11/28/11 10:30 PM
Paradise Bank, a full service community bank serving Broward and Palm Beach counties reported today a profit of almost $1,500,000 for the nine month period ending September 30th. This represents a remarkable turnaround of $2,300,000 from the previous year. The bank also met or exceeded requirements to add capital through core profitability and attracting new investors. As a result, Paradise Bank exceeded targeted guidelines by producing capital ratios of 8% and 12%. ”I’m extremely gratified to share that we have only three non-accruing loans totaling $1,931,000 and four pieces of bank owned real estate totaling $1,718,000 remaining, representing 1.65% of the … (0 comments)
Paradise Bank, a full service community bank serving Broward and Palm Beach counties reported today a profit of almost $1,500,000 for the nine month period ending September 30th. This represents a remarkable turnaround of $2,300,000 from the previous year.
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