1st Enterprise Bank is in the StockGuru Spotlight for February 18, 2011

1st Enterprise Bank is in the StockGuru Spotlight for February 18, 2011

DALLAS, TEXAS : StockGuru announces that 1st Enterprise Bank (OTCBB: FENB) is in the StockGuru Spotlight.    1st Enterprise Bank is a full service commercial banking institution, whose highly experienced bankers personally serve Southern California entrepreneurial businesses, professional firms and nonprofit organizations, along with their owners and key managers. Headquartered in the Los Angeles financial district, with full service regional banking offices in Irvine and Ontario, 1st Enterprise Bank offers a full range of credit and depository services, with special emphasis on superior customer service, sophisticated cash management services and direct access to bank decision makers.

On Thursday, the company put out news announcing that the Bank reached $502 million in total assets,” said Brian Horton, President. “Over the last year, the Bank has continued its strong organic growth, evidenced by a 30% increase in core deposits and a 34% increase in loans.” “During these difficult economic times, we are pleased to report that the Bank continues to have no charged-off or past due loans,” said John Black, CEO, “which is a testament to the quality of our customer base.” “We are also proud of the Bank’s 2010 earnings, as income before both taxes and provision for loan losses increased by $1.6 million over 2009.”

Shares for 1st Enterprise Bank (OTCBB: FENB) were steady during the day of day of trading on Thursday and closed with no change at closing.


To view our StockGuru Spotlight on 1st Enterprise Bank (OTCBB: FENB), please visit: http://www.stockguru.com/category/latest-spotlights/

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