FirstBank reports growth for the first quarter of 2021
At FirstBank’s Arizona branches, deposits increased 41.6%, from $ 618.9 million to $ 876.3 million from the first quarter of 2020. Arizona loans also increased by 2.5% from $ 926.5 million to $ 949.3 million, while assets grew 2.2% from $ 976.8 million to $ 997.9 million.
FirstBank has a Glendale branch at 5885 W. Bell Road.
For the ninth consecutive year, FirstBank was the presenting sponsor of Arizona Gives Day, which raised a record $ 7.1 million for local nonprofits. To help promote the one-day donation event, the bank surprised dozens of Phoenix families by paying for their groceries last March.
In addition, FirstBank received the following honors:
- AZ Business Magazine as “Bank of the Year” and one of five banks recognized for their “community impact”.
- Finalist for AZ Business Angels’ Collaboration of the Year for contributions to Arizona Gives Day.
- Grand Phoenix Room IMPACT 2021 finalist.
Across all of FirstBank’s trading areas, the bank saw a 29.1% increase in total deposits to $ 23.5 billion from the first quarter of 2020. Total assets increased 28% to 25.9 billion. billion dollars and net lending increased 16.3% from last year to 13.4 billion dollars.
FirstBank also continued its partnership with the Phoenix Suns to award $ 5,000 to a Hispanic business and donated $ 5,000 to the Arizona Housing Fund.
Click here to learn more about how FirstBank empowers underserved communities.