COVID-19 office and in-person banking availability.

On Thursday, April 29, 2021 while celebrating one year anniversary provides March Quarter Results. As the quarter provided many highlights, the De Novo is excited to share pre-provision operating loss (prior to provision for loan loss and tax expense) declined to $117,000 from $446,000.  CEO Ramsey Hamadi commented, “As we celebrate our one-year anniversary, we are pleased to see that the opportunity for TBBC in the Triad is greater than our original forecast. TBBC’s assets are 42% greater than Plan; loans are 56% higher and core demand deposit accounts are over 100% greater than Plan. The extraordinary growth over the first year has allowed the Bank to invest more than we expected while not compromising efforts to achieve profitability. ” Read the full release here.

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