COMMERCIAL LOANS CONTINUE TO FUEL BANK’S GROWTH
In the six years since its start, the bank has operated under a model of putting new deposits immediately to work, which has both fueled its growth from $230 million to $1.670 billion in assets and served its goal of supporting Texas businesses and local communities. The bulk of our assets are commercial loans.
As of March, 2013, the bank has demonstrated significant growth on all fronts, as compared with the Q1 2012.
- Total Assets – $1,670 billion from $1,355 billion
- Loans Receivable – $1,218 billion from $972 million
- Deposits – $1,463 billion from $1,184 billion
Following an acquisition, Green Bank opened 2007 with $228 million in assets. In June 2010, Green Bancorp, Inc., the parent holding company for Green Bank, completed a $100 million capital raise with independent investment firms Friedman Fleischer & Lowe, LLC, Harvest Partners, LP and Pine Brook Road Partners, LLC, bringing total assets for the bank up to $667 million. One year later, July 2011, Green Bank joined the top tier of banks by crossing the $1 billion threshold of assets. Loans receivable crossed the billion mark in June of 2012.