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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