Meadows Bank Net Income Rises 16% in 2019

Meadows Bank, headquartered in Las Vegas, NV, announces its financials for calendar year 2019.

Las Vegas, NV, February 05, 2020 –(PR.com)– Meadows Bank, headquartered in Las Vegas, NV, announced today that in calendar year 2019 the Bank’s After-Tax Net Income grew 16% to $18.4 million, up from 15.8 million in calendar year 2018.

The Bank’s loan portfolio grew by 7% or $52.3 million from $752.9 million to $805.2 million. In addition, Total Deposits grew from $745.8 million at year end 2018 to $838.2 million at year end 2019.

As of December 31, 2019, Total Assets of Meadows Bank grew by 12% from the prior year end to $961.2 million from $858.7 million and Total Equity Capital grew to $118.0 million, up 19% from the previous year.

Meadows Bank was founded in 2008 in Las Vegas, Nevada and currently has branches in Las Vegas, NV; Henderson, NV; Pahrump, NV; Reno, NV and Phoenix, AZ.

About Meadows Bank:
Meadows Bank is a full-service community bank committed to valued partnerships with our clients. Our relationship-based approach to banking focuses on making decisions locally, close to our clients. The bank offers a full suite of lending and deposit products and services. Meadows Bank was founded in 2008 in Las Vegas, Nevada and currently has branches in Las Vegas, NV; Henderson, NV; Reno, NV; Pahrump, NV and Phoenix, AZ. Loan production offices are located in Nevada; Arizona; California; Colorado; Florida; Oregon and Utah. For more information on the bank and its products and services please visit our website at www.meadowsbank.bank.

Media Contact: Jennifer Hall, jehall@meadowsbank.com; (702) 471-2004

Published at Wed, 05 Feb 2020 15:08:00 +0000

Source: https://www.pr.com/press-release/805041

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