Additional information


en			ru			jp

Finance Lounge

Add privatebanking.com as a search provider to your browser

Advanced Search

Private Banking & Wealth Management search tool

Search entity

Review Avg.
Reviews:	0

Contact Page

Additional information

Write Review

Browse Review

Additional information

Thurston First Bank

History:

During his tenure as state banking commissioner, Thurston First Bank’s founding President/CEO Mike Edwards observed an alarming trend in the nationwide banking industry: consolidation. He noticed that, as more and more small community banks were swallowed up by larger institutions, services tailored to small and mid-sized local businesses began to disappear.

With a vision of filling that growing service void with a full-service “niche” bank, Mike set about assembling a strong business plan and a diverse Board of Directors comprised of prominent Thurston County business leaders. Board members were hand-picked to represent shareholders and business clients based on their own experience and contributions to the local marketplace.

Drawn by the proposed bank’s lean business model, prestigious Board and innovative services, 370 South Sound investors contributed at a record pace to provide the bank with its $11 million initial capitalization in less than two months. Headed by attorney and Chairman of the Board, Stephen Bean, the fundraising effort was conducted strictly by invitation and word-of-mouth within the South Sound region, with no contributions solicited or accepted from “institutional investors.”

The extraordinary interest and funding generated from within the community allowed Thurston First Bank to launch in November 2004 with a full spectrum of innovative services and unrivaled lending power for an independent community bank.

Since then, Thurston First Bank has welcomed 21 employees and officers, and reached $76 million in loans and $90 million in total assets, as of June 2007. Most importantly, it has earned an excellent reputation for integrity, friendliness and cutting edge technology, as well as a highly valued base of exceptional business clients and partners.

Back

Privatebanking.com

Get the attention you always wanted and promote your corporate image and standing by benefiting from our state of the art interactive web presence.

Ascent Limited

Experience The Difference. Ascent Limited provides first class wealth management and family office services. Our private banking team, assembled from a group of highly experienced banking professionals, will provide financial advice tailored to your individual requirements and keep your portfolio in tune with the latest market developments and opportunities.

©	Copyright by PRIVATE BANKING.COM 2002- - All rights reserved.