First Home Bank reports historic profit from PPPs and new home loans • St Pete Catalyst



July 30, 2021 – The first house in St. Petersburg. bank, community bank with six banking Centers in the Tampa Bay area reported revenues of $ 13.02 million in the second quarter. The key drivers of this profitability were bankrecognition of a $ 14.73 million PPP commission; and a $ 522 million new housing loan. “We were very well positioned to obtain SBA loans and repurposed this line during the pandemic to facilitate PPPs. [Paycheck Protection Program] “- said CEO Tony Leo. Peter Catalyst. The bank is returning to its usual SBA business line.

More Smells Title page


Source link