Austin Capital Bank Makes the Austin Business Journal’s Fast 50 List11/01/2018
FOR IMMEDIATE RELEASE
AUSTIN, TX (November 1, 2018) – 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 Austin Business Journal’s “Fast 50” list.
The ABJ’s annual awards highlight 50 local companies with outstanding growth for the past three years, with some Austin businesses recording compound annual growth in the triple digits since 2015.
Austin Capital Bank is ranked by the Austin Business Journal as #19 of the city’s 25 fastest growing companies making annual revenue of less than $10 million. From 2015 to 2017, ACB grew revenue from $3.8 mil to $7 mil, for a compound annual growth rate of 35%
“We are thrilled to be named to the ABJ’s ‘Fast 50’ list this year, especially because it validates our business model as both a community bank and an innovative financial services provider,” said Erik Beguin, CEO and President, Austin Capital Bank. “We founded ACB as a community savings bank in order make a positive impact on the communities we serve. We’ve expanded those communities from Central Texas to nationwide with our innovative products and services that make a positive impact at the individual, household, and community level. The rapid pace of our growth serves as strong confirmation that we can do well by doing good.”
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/