FirstBank Holding Company said Wednesday that the first quarter financials for its Arizona operations show strong growth, with deposits growing by 30.6 percent to $351.7 million.
Bank officials also said total loans grew by 27.4 percent to $686.9 million and total assets grew by 25.2 percent to $752.7 million.
FirstBank has 17 locations in the Phoenix area and more than 100 locations throughout Arizona, Colorado and California, offering banking services to more than 700,000 customers.
“Since entering the market in 2007, we’ve experienced substantial growth and significantly increased our footprint in Arizona,” Kevin Classen, FirstBank market president of the West Valley, said. “We are striving to carry on this upward trend through the rest of the year as we continue to serve customers and small businesses in the Phoenix area.”
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