AB&T Financial Corporation Announces First Quarter 2021 Results
AB&T Financial Corporation (OTC Pink: ABTO), the parent company of Alliance Bank & Trust Company, today reported its unaudited first quarter 2021 results. For the quarter ended March 31, 2021, net income available to common shareholders was
Total assets at March 31, 2021 were
Dan Boyd, President and CEO, commented, “We are pleased with our first quarter results for 2021, particularly in the growth in our loan portfolio as well as the continued increase in our demand deposits. We are optimistic that the economic recovery will continue as we go through the year based upon positive feedback from our customer base in our market footprint.”
Alliance Bank & Trust Company, which opened in Gastonia, North Carolina in 2004, operates four North Carolina banking offices, in Gastonia (2), Kings Mountain and Shelby.
AB&T Financial Corporation is the parent company of Alliance Bank & Trust Company, which operates 4 community-oriented branches in Gaston and Cleveland Counties in North Carolina that offer a full array of banking services. Additional information on Alliance Bank & Trust’s locations and the products and services offered are available at http://www.alliancebanknc.com/.
Information in this news release contains forward-looking statements. These statements involve risks and uncertainties that could cause actual results to differ materially, including without limitation as a result of the effect and impact of the COVID-19 pandemic on the economy and the Company’s results of operation and financial condition, the effects of future economic conditions, governmental fiscal and monetary policies, legislative and regulatory changes, the risks of changes in interest rates, and the effects of competition. AB&T Financial Corporation does not undertake to update any forward-looking statements in this news release.
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