RiverBank says its growth surpasses plan projections
Young bank expects assets to hit $100 million by year-end
By Kim Crompton The boutique financial institution currently has about $95 million in assets, which is more than $20 million ahead of where it had projected to be now, Brandenburg says. It expects to crest $100 million in assets by the end of this year, which would make it one of the fastest-growing new banks in the state over the last two decades, he says. Since 1990, only three of 68 startup banks in Washington have been able to hit that threshold within their first two years of operation, according to published reports. Resources for
RiverBank, which opened for business here about 16 months ago, is exceeding its business plan projections in all facets, says Duane Brandenburg, its president and CEO.
