BROOKFIELD, Wis. (February 17, 2014) – Ridgestone Financial Services finished the year with record earnings in 2013. The bank announced a net income of $7.1 million for 2013 compared with income of $2.0 million for 2012. Fourth quarter earnings were $1.4 million in 2013 compared to earnings of $1.2 million for the fourth quarter in 2012. Earnings per share were $2.12 for 2013.
“I am very proud of the efforts of our team this year,” said Bruce Lammers, president and CEO of Ridgestone Bank. “The experience and dedication of our specialized staff allows us to continue focusing on government guaranteed loans for new and existing customers. This has resulted in the origination of $281.1 million in new government guaranteed loans in 2013 compared with $202.6 million in 2012.”
Ridgestone Bank is a leader in SBA lending, and has earned the following rankings as of December 31st 2013, for SBA lending in dollar volume:
#1 in Illinois
#2 in Wisconsin
#2 in Indiana
#4 in the nation
Ridgestone Bank is a privately-held bank with locations in Brookfield, Wis. and Schaumburg, Ill., as well as lending teams in Indianapolis and Green Bay, Wis. Founded in 1995, the bank is a leader in small business and government guaranteed lending nationwide and also provides retail banking services, including checking, money markets, CD’s, and other convenience services at its branch locations. Distinguished by the SBA as an “SBA Preferred Lender,” Ridgestone Bank is the 4th most prolific SBA lender in the nation is the number one SBA lender in Illinois and is the number one SBA lender in its asset size in Wisconsin. Ridgestone Bank is a leader in USDA lending in the United States and has been recognized as a valued partner by the USDA for its commitment to small businesses. For more information, call 262-789-1011 or visit www.ridgestone.com.
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