Triad Business Bank’s physical offices will be closed Wednesday, June 19th for the Juneteenth holiday. We will process during normal processing hours on Thursday, June 20th. Please use alternative methods of banking during the holiday including Personal Online Banking and Treasury Online.

 

Triad Business Bank 2023 4th Quarter Earnings Release 

 

Triad Business Bank (OTC Pink – “TBBC”), February 9, 2024, Announces Unaudited Results for 2023, Including Fourth Quarter Results 

CEO Ramsey K. Hamadi commented, “On December 31, 2023, Triad Business Bank (the “Bank”) completed its third full year of operations and achieved the $500 million total asset milestone. Despite volatility in the interest rate environment, the Bank continues to grow profitable commercial relationships, with sound credit administration, strong capital and a clear vision. The Bank is narrowly focused on supporting commercial and industrial growth in the Triad. The Bank processed nearly $5.7 billion of customer deposit transactions during 2023, which is a 12% increase from 2022. In 2023, the Bank expanded its commercial deposit customers by 131 accounts, which was a 24% increase in its business relationships. These new customers brought new deposit and loan relationships to the Bank. For the year, the Bank originated 151 new loans totaling $163 million and resulted in $61 million of growth in outstanding loan balances. Paramount in the Bank’s business practice is to maintain sound credit administration. At year end, the Bank had no past due or nonperforming loans.” 

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