Austin Capital Bank Makes Inc. Magazine’s 5000 list for the 3rd Time, with Three-Year Revenue Growth of 119 %08/16/2018
FOR IMMEDIATE RELEASE
AUSTIN, TX (August 16, 2017) – Austin Capital Bank (ACB), a 5-star rated and FDIC-insured independent community bank, is honored to announce that it has been named to the Inc. Magazine 5000 list for the third year in a row. The list highlights America’s fastest-growing private companies.
ACB’s revenue increased from $3.2 million in 2014 to $7 million in 2017 for a three-year growth rate of 119%.
“Being included in the Inc. 5000 for the third consecutive year is something we are truly proud of, as few companies can sustain the rapid and consistent revenue growth year after year to be included in this prestigious group of companies on an annual basis,” said Erik Beguin, CEO and President, Austin Capital Bank. “Making the list isn’t really our goal, but the recognition is gratifying in that it speaks to the fact we are achieving our goal of doing well by doing good.”
Companies on the Inc. 5000 list for 2018 are ranked according to percentage revenue growth from 2014 to 2017. To qualify, companies must have been founded and generating revenue by the first quarter of 2014 or earlier. They must be U.S.-based, privately held, for-profit, and independent as of December 31, 2017. The minimum revenue required for 2017 was $2 million with a minimum three-year growth rate of 57%.
The Inc. 5000 list represents a unique look at the most successful companies within the American economy’s most dynamic segment— its independent small and midsized businesses. Companies such as Microsoft, Dell, Domino’s Pizza, Pandora, Timberland, LinkedIn, Yelp, Zillow, and many other well-known names gained their first national exposure as honorees of the Inc. 5000.
About Austin Capital Bank
Austin Capital Bank is 5-Star rated, independent FDIC-insured community bank located in Austin, Texas. The bank serves as a platform for responsible financial service new product innovation, offers home mortgages across the United States through its HomeVantage Mortgage division, and has a core community bank line of business primarily serving Central-Texas. Austin Capital Bank is consistently ranked as high growth, high performance financial institution. Austin Capital Bank has been ranked for three consecutive years in the Inc. 5000 list of fastest growing privately held companies and has also been ranked in the top 10% of all banks under $1 billion in assets by S&P Global Intelligence.
For more information visit https://www.austincapitalbank.com/about-us/