FirstBank Reports Double-Digit Growth in Year-Over-Year Assets, Deposits and Loans for First Quarter of 2021
Bank is originating more PPP loans than any other Colorado financial institution and makes a $50,000 contribution to the Center for African American Health
LAKEWOOD, Colo., May 11, 2021 (GLOBE NEWSWIRE) — FirstBank, one of the nation’s largest privately held banks with a focus on “banking for good,” closed the first quarter of 2021 with double-digit growth in deposits, assets and net loans from the same period last year, including a 29.1 percent increase in total deposits to $23.5 billion.
The bank’s total assets grew by 28 percent to $25.9 billion and net loans were up by 16.3 percent from last year to $13.4 billion. Additionally, FirstBank originated more PPP loans than any bank in Colorado, helping thousands of small businesses get to the other side of the pandemic.