Welcome to our dedicated page for GBank Financial Holdings news (Ticker: GBFH), a resource for investors and traders seeking the latest updates and insights on GBank Financial Holdings stock.
GBank Financial Holdings Inc. (GBFH) operates at the intersection of traditional banking and financial technology, specializing in SBA lending, commercial banking, and innovative Gaming FinTech solutions. This page serves as the definitive source for official company announcements, financial updates, and strategic developments.
Access real-time updates on earnings reports, regulatory filings, and technology partnerships that drive GBFH's unique market position. Our curated news collection helps stakeholders monitor the company's progress in cashless gaming infrastructure, API-driven banking platforms, and expansion of government-backed lending programs.
Bookmark this page for immediate access to press releases about new product launches, leadership updates, and financial disclosures. Check regularly to stay informed about GBFH's initiatives in digital transaction systems and commercial lending innovations.
GBank Financial Holdings Inc. (OTCQX: GBFH) announced that BankCard Services, LLC has welcomed LoopGolf as a new cashless gaming client. This partnership enhances Bank of George's Gaming FinTech Division, which has been providing banking solutions for Sightline Payments since 2016. LoopGolf offers a mobile application for on-course coordination, scoring, and real money wagers. GBank had approximately $635 million in assets as of June 30, 2022, and emphasizes SBA Lending and Commercial Lending in its operations.
GBank Financial Holdings Inc. (GBFH) reported year-to-date earnings of $5.0 million, marking a 13% increase from $4.4 million in 2021. Quarterly earnings were $1.7 million, reflecting a 47.2% decrease from Q1 2022. Key metrics include a net interest margin of 3.62% and total assets of $635.1 million, up 17% year-over-year. SBA loans increased by 35% to $124 million year-to-date. However, quarterly noninterest income declined by 30% to $4.1 million.
GBank Financial Holdings Inc. (OTCQX: GBFH) has announced that its subsidiary, Bank of George, has surpassed $1 billion in total cumulative SBA 7(a) and USDA loan originations since commencing its SBA division in June 2015. Ranked 19th nationally by the U.S. Small Business Administration for SBA 7(a) loan volume through September 30, 2021, the Bank serves clients across 40 states, focusing on small businesses. GBank, with approximately $626 million in assets as of March 31, 2022, emphasizes community banking and lending solutions for various sectors.
GBank Financial Holdings Inc. (OTCQX: GBFH) appointed Shouvik Ray as Executive Vice President and Chief Information & Technology Officer (CIO/CTO) effective March 22, 2022. Mr. Ray brings over 20 years of banking experience, focusing on technology and cybersecurity. His role will enhance the Bank's IT systems and client services, aligning with the strategic goals outlined by CEO T. Ryan Sullivan. GBank, with assets of approximately $618 million, operates the Bank of George, recognized as a top community bank.
GBank Financial Holdings Inc. (OTCQX: GBFH) has scheduled its annual meeting of shareholders for May 12, 2022, at 2:00 p.m. PST. The meeting will be conducted virtually, allowing shareholders to join via the ZOOM app or telephone, with no physical location provided. GBank, which had approximately $618 million in assets as of December 31, 2021, operates through its subsidiary, Bank of George, and focuses on sectors like SBA Lending and Gaming FinTech. Shareholders are encouraged to review related materials prior to the meeting.
GBank Financial Holdings Inc. (OTCQX: GBFH) has announced that its subsidiary, Bank of George, will partner with BankCard Services, LLC to welcome Wagr as a new client in cashless gaming. Wagr offers a social sports betting app that enhances user engagement. Bank of George has been providing banking solutions for Sightline Payments since 2016, handling over $1.1 billion in transactions. The Bank operates with approximately $618 million in assets as of December 31, 2021, focusing on SBA Lending, Gaming FinTech, and Commercial Lending, while being recognized as a top community bank.
GBank Financial Holdings Inc. (OTCQX: GBFH) announced the appointment of George D. Andreaus as the new Senior Vice President/National Sales Manager for the Bank of George. Andreaus brings extensive experience in SBA lending and leadership from Evolve Bank and Trust. Reporting to Nancy M. DeCou, he will lead the SBA National Sales Team. GBank, with approximately $618 million in assets, emphasizes its commitment to small businesses across several states, enhancing its national SBA footprint.
GBank Financial Holdings Inc. (OTCQX: GBFH) reported year-to-date earnings of $11 million, or $0.85 per diluted share, reflecting a 57% increase year-over-year. Fourth-quarter earnings rose 50% to $4 million, driven by record loan sales income which reached $17.1 million for the year, up 73%. Total assets increased 31% to $618.1 million, with total deposits also up 31% to $509.6 million.
GBank Financial Holdings Inc (OTCQX: GBFH) announced the successful completion of a $20 million private placement of 3.875% Fixed-to-Floating Rate Subordinated Notes due 2031 on December 14, 2021. The proceeds will support general corporate purposes as GBank aims to enhance its business growth and geographical reach. The Notes will initially bear a fixed interest rate until December 15, 2026 and can be redeemed following that date. With approximately $552 million in assets, GBank operates through its Bank of George subsidiary.
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