NAPLES, FL. April 17 – Hillcrest Bank Florida, a locally owned and operated community bank with offices in Naples and Bonita Springs, today reported total assets of $112 million for the period ending March 31, 2008. This represents an increase of 18% when compared to March 31, 2007. Total loans as of March 31, 2008, were $88.1 million, up 68% over a year ago, while total deposits were $92.3 million, up 23% over a year ago.
“We are pleased with the steady growth and performance of our organization since opening our doors in August of 2006. Given the turmoil in the local real estate and national credit markets we are proud to report that the Bank had no past due loans as of March 31, 2008.” said Ron Rucker, President and Chief Executive Officer of Hillcrest Bank Florida. “As a locally owned and operated bank we are focused on providing the highest quality and most innovative financial products and services to commercial customers throughout southwest Florida. We combine personalized customer service with our experienced team of bankers who are well-regarded in the community.”
“We are particularly pleased to be expanding our banking network,” added Rucker. “In February, we opened our second full-service branch office in the WCI Design Studio located at 24201 Walden Center Drive, just west of U.S. 41 in Bonita Springs. We are hoping to open additional branch offices in Collier County within the next year making Hillcrest Bank even more convenient.”
Headquartered in Naples, Florida, Hillcrest Bank Florida serves the personal and commercial banking needs of local residents and businesses throughout South Florida. The bank has an experienced team that provides relationship banking through a complete line of loan and deposit products with special expertise in cash management, remote deposit capture technology, ACH origination and online banking for business customers. For information on bank products and services, visit the bank online at www.hcbfl.com.
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