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US Metro Bancorp Announces Fourth Quarter 2020 Financial Results
January 29, 2021 GMT
GARDEN GROVE, Calif. (BUSINESS WIRE) Jan 29, 2021
US Metro Bancorp (OTC Pink: USMT) Mr. Dong Il Kim, President and CEO, announced US Metro Bancorp and US Metro Bank’s financial results for the fourth quarter 2020. As of January 2, 2020, US Metro Bancorp (“Bancorp”), a small bank holding company (BHC), was formed making US Metro Bank its lone subsidiary. On a consolidated basis the Bancorp earned $863,000 in the fourth quarter of 2020 compared to $1,105,000 in the third quarter and $4,067,000 for the twelve months ending December 31, 2020. On a year-to-date basis the Bancorp recorded a return on average assets (“ROAA”) of 0.62% and a return on average equity (“ROAE”) of 5.87%. With 16,230,000 shares outstanding, earnings per share (“EPS”) for the fourth quarter was $0.05 compared to $0
Steve Thomas Joins Quontic Bank CDFI Advisory Board
Seasoned Bank Industry Veteran Brings Over 25 Years of Experience to the CDFI Advisory Board
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NEW YORK, Jan. 7, 2021 /PRNewswire/
Quontic, the adaptive digital bank, announced today that it has appointed Steve Thomas as a member to Quontic s CDFI Advisory Board. As an accomplished industry veteran with over twenty-five years of housing finance experience, Thomas will join Quontic s CDFI Advisory Board to advise the Bank regarding Quontic s activities associated with achieving its community development goals to provide home loan financing to low-income individuals and families throughout the United States.