Corporate Profile for MetroCorp Bancshares, dated Feb. 12, 1999.--(BUSINESS WIRE)--The following Corporate Profile is available for inclusion in your files. News releases for this client are distributed by Business Wire and also become part of the leading databases and online services, including all of the leading Internet-based services. -0-
Published Date: Feb. 12, 1999
Company Name: MetroCorp Bancshares Inc.
Address: 9600 Bellaire Blvd., Suite 252
Houston, TX 77036
Main Telephone
Number: 713/776-3876
Internet Home
Page Address
(URL) www.metrobank-na.com
Chief Executive
Officer: Don J. Wang
Chief Financial
Officer: Attilio F. Galli
Investor Relations
Contact: Attilio F. Galli
Business number: 713/414-3600
Public Relations
Contact: Grace Lin or Tin Salas
Business number: 713/414-3636 or 713/414-3654
Trading Symbol/
Exchange: MCBI/Nasdaq
Industry: Financial Services and Banking
Company description: MetroCorp Bancshares MetroCorp Bancshares, Inc. (MetroCorp), first incorporated in 1998, is a overseas Chinese bank holding company for two overseas Chinese banks in the United States: MetroBank National Association (also known as Metro Bank National Association) or simply MetroBank Inc. (Nasdaq:MCBI MCBI Marine Conservation Biology Institute MCBI Michigan Center for Biological Information MCBI Monarch Community Bancorp Inc. MCBI Medical Center of Boston International MCBI Minnesota Christian Broadcasters Inc. ) is a bank holding company headquartered in Houston, Texas “Houston” redirects here. For other uses, see Houston (disambiguation). Houston (pronounced /'hjuːstən/) is the largest city in the state of Texas and the . The Company derives substantially all of its revenue and income from the operation of its wholly owned bank subsidiary, MetroBank, N.A., a national banking association with 11 full-service banking locations, which are located in the greater Houston Houston–Sugar Land–Baytown is a 10-county metropolitan area defined by the Office of Management and Budget. It is located along the Gulf Coast region in the U.S. state of Texas. and the greater Dallas metropolitan areas. The Company also has a loan production office in New Orleans New Orleans (ôr`lēənz –lənz, ôrlēnz`), city (2006 pop. 187,525), coextensive with Orleans parish, SE La., between the Mississippi River and Lake Pontchartrain, 107 mi (172 km) by water from the river mouth; founded , La. As of Dec. 31, 1998, the Company had total assets of $587.3 million, total loans of $417.7 million, total deposits of $479.5 million and total shareholders' equity Shareholders' Equity A firms' total assets minus its total liabilities. Equivalently, it is share capital plus retained earnings minus treasury shares. Shareholders' equity is the amount by which a company is financed through common and preferred shares. of $50.0 million. The Company's mission is to enhance shareholder value by maximizing profitability and being the premiere multi-ethnic bank in each community that it serves. Over its 12-year history, the Company has demonstrated a consistent record of asset growth and profitability. For each of the last 11 years, the Years, The the seven decades of Eleanor Pargiter’s life. [Br. Lit.: Benét, 1109] See : Time Company has recorded a profit, even during the period of adverse economic conditions in Texas in the late 1980s. The Company's net income increased from $1.0 million in fiscal 1990 to $6.1 million in fiscal 1998. Return on average shareholders' equity for 1998 was 18.0% compared to 14.7% for 1997. Asset growth has also been strong, with total assets increasing from $168.9 million at Dec. 31, 1990 to $587.3 million at Dec. 31, 1998. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion