May 06, 2016 8:08 AM ET

Banks

Company Overview of Bank of Georgetown

Company Overview

Bank of Georgetown, a community bank, provides personal and business banking products and services. It offers checking accounts, savings accounts, money market accounts, certificates of deposit, individual retirement accounts, investment accounts, cash management products, and debit and credit cards. The company also provides loan products, such as lines of credit, term loans, letters of credit, real estate mortgages, residential and commercial construction financing, home equity lines of credit, overdraft protection, and vehicle loans. In addition, it offers remote deposit capture, night depository service, courier services, safe deposit boxes, and telephone and online banking services. The...

1115 30th Street, NW

Washington, DC 20007

United States

Founded in 2005

Phone:

202-355-1200

Fax:

202-355-1201

Key Executives for Bank of Georgetown

Co-Founder, Chairman, Chief Executive Officer and President
Age: 58
Chief Financial Officer, Chief Operating Officer and Executive Vice President
Age: 66
Chief Technology Officer, Chief Information Officer and Senior Vice President
Senior Vice President and Director of Human Resources
Chief Credit Officer and Executive Vice President
Compensation as of Fiscal Year 2015.

Bank of Georgetown Key Developments

Bank of Georgetown expected to report Q1 2016 results on May 5, 2016. This event was calculated by Capital IQ (Created on April 29, 2016).

Bank of Georgetown expected to report Q1 2016 results on May 5, 2016. This event was calculated by Capital IQ (Created on April 29, 2016).

Bank of Georgetown Announces Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2015

Bank of Georgetown announced unaudited earnings results for the third quarter and nine months ended September 30, 2015. For the quarter, the company reported net income of $2.741 million a 35% year-over-year increase. Return on assets (ROA) increased to 0.92% and return on equity (ROE) grew to 8.92%. For the first nine months, the bank reported unaudited net income of $7.493 million, a 42% increase over the same period in 2014. On a year-to-date basis ROA and ROE measured 0.88% and 8.37%, respectively.

Bank of Georgetown Announces Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

Bank of Georgetown announced earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported net income of $2.47 million, a 42% year-over-year increase. Net interest income was favorably impacted by growth in average assets, an increase in loans as a percentage of earning assets and the Bank’s ability to improve the cost of funds. For the six months, net income increased 46% over the same period in 2014. Revenues were $2.823 million or 16.7% greater than revenues for the first six months of 2014, while overhead only increased $250,000 or 2.2%.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
November 9, 2015
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