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Article Excerpt
GLENDALE, Calif. -- Americas United Bank (OTCBB:AUNB) today announced its unaudited 2009 third quarter results. As of September 30, 2009, the company had total assets of $122.7 million or a 9.2% increase over the December 31, 2008 year-end total assets of $112.4 million.
As of September 30, 2009, the company grew total loans to $100.2 million or a 16.5% increase over the December 31, 2008 balance of $86.0 million. Total deposits increased to $91.3 million or 15.6% over the December 31, 2008 balance of $79.0 million.
"We are still growing in a steady manner albeit under some very challenging economic circumstances. Our focus continues to be to grow in a safe and sound manner and to continue to be the leading Hispanic focused bank in California," said Gilbert J. Dalmau, President and Chief Executive Officer of Americas United Bank.
Dalmau continued, "We...
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