Independent Bank of Austin News Releases - PRWeb Press Release Group http://www.rsspad.com/rss2/10746.xml Independent Bank of Austin News Releases - Powered by PRWeb and RSSPad en xml@emediawire.com xml@emediawire.com 30 Independent Bank Austin (TX) Continues Growth; Q1 '08 Assets, Loans, Deposits Rise - Sub-prime Lending Chaos Creates Opportunity for Community Banks -- CEO http://www.prweb.com/releases/community/bank/prweb859684.htm Independent Bank of Austin, SSB, based in Lakeway and also serving the Georgetown-Sun City areas of Central Texas, reported a 27% rise in net profits over the year-ago first quarter; a 33% increase in assets, 18% growth in loans and a 19% rise in local deposits for the first quarter of 2008. Customer relationships grew 4% during the past quarter, and the average life of a loan this past quarter was 12.9 months and the average size about $265,776. CEO Denny Buchanan says the sub prime mortgage mess may be affecting his Travis-Williamson County market, but is actually creating solid lending opportunities for the 33-month-old state savings bank that expects to reach $180 million in assets by year-end 2008. (PRWeb Apr 15, 2008)

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]]> Tue, 15 Apr 2008 07:00:00 GMThttp://www.prweb.com/releases/community/bank/prweb859684.htm Independent Bank of Austin (TX), SSB, 2nd Qtr. Net Profit up 16.6%; Assets, Loans, Deposits Rise Sharply at Lakeway, Georgetown Operations; Bank Adds Employees, Announces HQ Construction Progress http://www.prweb.com/releases/2007/07/prweb542320.htm Independent Bank of Austin (TX), a State Savings Bank with headquarters in Lakeway and operations also in the Georgetown area, had second quarter 2007 net profit of $537,395, up 16.6 percent over the previous quarter's profit of $460,920. Total assets are almost $140 million, also up 16.6 percent over the first quarter, while loans are up 39.5 percent to $122.5 million, compared to a year-end 2006 total of $87.8 million. The private firm, now two years old, has added three employees, increasing staff to 17.5 full-time equivalent employees, and progress continues on its new headquarters near Bee Cave and RR620 in the high growth southwest Travis County corridor. Year-end occupancy is anticipated (PRWeb Jul 26, 2007)

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]]> Thu, 26 Jul 2007 07:00:00 GMThttp://www.prweb.com/releases/2007/07/prweb542320.htm Independent Bank of Austin Ranked #1 in ROAE among U.S. De Novos; Breaks Ground in Lakeway on New HQ Facility; BusinessWeek's SmallBiz Magazine notes local bank's intense growth http://www.prweb.com/releases/2007/04/prweb518019.htm Independent Bank of Austin, a State Savings Bank based in Lakeway, TX, ranks No. 1 in the nation in return on average equity (ROAE) among all 174 de novo (new) banks formed in 2005, according to Highline Data's most recent report for year-end 2006 performance. Additionally, it ranks No. 2 in ROAE from among more than 460 de novos formed in the years 2004, 2005 and 2006, just behind a new bank formed in 2004. Independent Bank -- the subject of media attention by American Banker, Community Banker, Independent Banker and BusinessWeek's SmallBiz magazine for its rapid growth and low overhead, broke ground in April along Ranch Road 620 between Lakeway and Bee Cave TX for its new corporate headquarters. Management expects to move into the 3,500-square-foot facility in late December. (PRWeb Apr 11, 2007)

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]]> Wed, 11 Apr 2007 07:00:00 GMThttp://www.prweb.com/releases/2007/04/prweb518019.htm Fourth Quarter Net Profit up 10.9% at Independent Bank of Austin; Assets, Deposits Rise Sharply at Lakeway, Georgetown Operations; Bank No. 3 in ROAE for U.S. de novos (2005); National Media Attention http://www.prweb.com/releases/2007/02/prweb501873.htm Independent Bank of Austin, SSB, based in Lakeway, TX with a branch between Georgetown and Sun City, achieved the $100 million mark in assets in less than 18 months after its founding. The community bank, opening extremely leanly, making loans from day one and profitable within its first 90 days, again reports a sharp increase in net profits, total assets, deposits, and loans. In its 2005 de nove bank class it ranks No. 1 in Texas and No. 3 in the U.S. for Return on Average Equity for the 174 banks begun that year. (PRWeb Feb 1, 2007)

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]]> Thu, 01 Feb 2007 08:00:00 GMThttp://www.prweb.com/releases/2007/02/prweb501873.htm Third Quarter Net Profit up 42% at Independent Bank of Austin; Assets, Deposits Rise at Lakeway, Georgetown Operations http://www.prweb.com/releases/2006/10/prweb452230.htm Independent Bank of Austin, based in Lakeway, Texas and with a branch in nearby Georgtown, Texas, ranks #1 in Texas and #3 in the U.S. for return on average equity (ROAE) among the 174 de novo (new) banks begun in 2005. The state savings bank also reported improved profits (up 41.6%), improvedassets (up 4.1%); improved loans (up 5%) and improved deposits, up 3.5%), compared to year-ago third quarter results. The bank has a new director, is installing a new security for online customers and has taken ownership of a site for its future headquarters with construction expected to begin before year-end. (PRWeb Oct 18, 2006)

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]]> Wed, 18 Oct 2006 07:00:00 GMThttp://www.prweb.com/releases/2006/10/prweb452230.htm 2nd Quarter Net Profit up 93% at Independent Bank of Austin; Assets, Deposits Rise Sharply at Lakeway, Georgetown Operations http://www.prweb.com/releases/2006/07/prweb416479.htm Independent Bank of Austin, serving Lakeway and Georgetown (Sun City) Texas areas, is ranked No. 1 in Texas and No. 10 in the nation for return on average equity among 174 de novo banks begin in 2005, according to the Highline Data March 30, 2006 report. Second quarter net profit is up 93% over the first quarter, and assets are up 24.4%, loans up 24% and deposits 26.4% over the same comparative figures. This release also covers new employees, regional economic observations and an update on the location and construction timetable for a new HQ facility. (PRWeb Jul 25, 2006)

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]]> Tue, 25 Jul 2006 07:00:00 GMThttp://www.prweb.com/releases/2006/07/prweb416479.htm Independent Bank Reports First Quarter Profitability; Rapid Growth Continues; Assets top $70.5 Million, Deposits, $61 Million http://www.prweb.com/releases/2006/06/prweb394903.htm Independent Bank of Austin, a de novo state savings bank marking its first anniversary on June 6, disclosed first quarter 2006 results, including continued rapid growth, assets topping $70.5 million (up from $7.5 million at its start and closing in on its original five-year goal to be at $100 million). Deposits were $61 million and net profit was $166,000 after a set aside of $163,000 for loan loss reserves and $896,000 for income taxes. The CEO talks about new staff, economic activity, its loan portfolio and updates the outlook on a new permanent facility. (PRWeb Jun 6, 2006)

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