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GBank Financial Holdings Inc. Announces GBank Ranks #5 in the CB Top Ten™ for Its Peer Group
LAS VEGAS, Feb. 23, 2023 /PRNewswire/ -- GBank Financial Holdings Inc. ("GBank" or the "Company") (OTCQX: GBFH), the parent company for GBank (formerly known
About this update from Gbank Financial Holdings Inc.
[{"type":"text","content":"LAS VEGAS, Feb. 23, 2023 /PRNewswire/ -- GBank Financial Holdings Inc. (\"GBank\" or the \"Company\") (OTCQX: GBFH), the parent company for GBank (formerly known as \"Bank of George\") (the \"Bank\") today announced that GBank is ranked number 5 of 544 U.S. banks in the C-Corp: $500-999 Million peer group within CB Resource's CB Top Ten™ report for the 4th Quarter of 2022.\nCB Resource, Inc. is a risk management and planning firm primarily focused on community banks. According to the report, its purpose is to provide a comparative summary, by peer group, of the top ten percent of banks based upon key performance indicators selected by CB Resource, Inc.\nThe report ranks the top ten percent of banks within each peer group by eight performance indicators. These indicators include: asset growth rate (AGR), return on average assets (ROAA), return on average equity (ROAE), net interest margin (NIM), efficiency ratio (ER), non-performing assets (NPA), non-interest bearing deposits (NIBD), and non-interest income (NII).\n\"This latest ranking means that the Bank has been recognized in the top 100 for each of the past 30 quarters or, in other words, for every quarter over the past seven and a half years\", stated T. Ryan Sullivan, President/CEO of GBank. \"This amazing achievement and our continued financial strength are the direct result of the incredible support from our employees, customers, directors, and shareholders.\"\nThe Company\nGBank Financial Holdings Inc. (the \"Company\") (GBFH), a bank holding company with approximately $678.7 million in assets at December 31, 2022, conducts business through its wholly owned subsidiary, GBank (formerly known as \"Bank of George\") (the \"Bank\"). Founded in 2007, the Bank operates two full-service commercial branches in Las Vegas, Nevada, with primary lending activities focused on engaging clients in Nevada, California, Utah, and Arizona. GBank has key businesses in three prominent divisions: SBA Lending, Gaming FinTech, and Commercial Lending. The Bank conducts business nationally through its SBA lending activities (ranked 14th in the nation by the U.S. Small Business Administration for SBA 7(a) dollar loan volume through September 30, 2022) and its BankCard Services, LLC (\"BCS\") partnership. Launched in 2016, its Gaming FinTech Division, through its contract with BCS, is empowering Si...