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| Broadway Bank Surpasses $2 Billion in Total Assets |
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The Board of Directors and executive leadership of Broadway Bank recently announced that the bank surpassed $2 billion in asset size. Compared to second-quarter 2008, assets have risen by $264 million. The increase has been driven by deposits, which grew by $140 million during the first half of this year and were up by 20% over the prior year. Broadway Bank continues to be strongly capitalized and a safe haven for depositors looking to preserve and manage their wealth. “We’re very pleased to have reached this $2 billion asset milestone,” said Jim Goudge, chairman and CEO of Broadway Bank. “For more than 68 years, we’ve never waivered from our commitment to being a trusted financial advisor to our local communities and military customers, and we’ve also built a solid foundation for future generations.” Goudge went on to state, “As an independent, locally owned bank—we said ‘No’ to government TARP bailout money; we did not engage in sub-prime lending or hold risky derivatives in our investment portfolio. As a result, we remain strong and well poised to assist customers with all their financial needs in these uncertain and challenging times.” “Over these many years, we attribute much of our success to our more than 650 employees who are committed to customer service excellence, process improvement and solid business practices,” said Shaun Kennedy, president of Broadway Bank. “Our employees’ professional dedication and hard work has enabled the bank to gain the trust and confidence of customers resulting in a satisfied and loyal clientele.” “We’re prepared to meet the challenges that lie ahead and remain confident that our sound and responsible lending and investment philosophy will help strike the proper balance in meeting our goals and sustaining growth,” said Goudge. This month, Broadway Bank expanded its mobile banking service — offered to its world-wide military customers since 2005 — to all bank customers. Earlier this year, the bank announced the opening of its thirty-seventh and thirty-eighth full- service banking centers in the Bee Cave and Dripping Springs communities, which are located near Austin. About Broadway Bank Broadway Bank was founded in 1941 to serve the San Antonio community. It has evolved from a small neighborhood bank into the largest independently-owned bank headquartered in the San Antonio metropolitan area, and continues to operate as a locally-owned and operated financial institution. Broadway Bank offers a full range of sophisticated financial services including retail banking, private banking, military banking, business banking, and wealth management. With $2 billion in total assets, the highly-rated Broadway Bank and its military division, Eisenhower Bank, operate 38 locations in South Texas and the surrounding area. Visit the Broadway Bank website at broadwaybank.com and Eisenhower Bank at eisenhowerbank.com for more information.
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