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MEDIA ADVISORY: FOR IMMEDIATE RELEASE
Green Bank Continues to Grow
HOUSTON, October 28, 2008 — Houston-based Green Bank, N.A. has filed an application with the Comptroller of the Currency (OCC) to open a full-service branch in The Woodlands, Texas. The OCC charters, regulates and supervises national banks; the filing initiates a 30-day public comment period.
“In recent months, Green Bank has experienced tremendous growth in our portfolio and number of bankers,” said Geoff Greenwade, president and CEO. “Many of our bankers live in The Woodlands and their customers have been asking about a local branch. The new location is a reinforcement of our commitment to exceed customers’ needs and raise the bar for regional banking.”
In recent months, Green Bank’s lending force has nearly doubled as the bank grows with thriving area businesses. Green Bankers are actively writing commercial and industrial loans and lines of credit in the $1 million to $5 million range. The bank is also pioneering new products to fulfill the changing needs of private wealth customers with market-leading money market account and CDs and new saving options.
Green Bank’s leadership has a legacy of successful growth and merged with Redstone Bank in 2006. Implementing a new mission, the bank focuses on sustainability from a financial and environmental perspective, rewards customers who chose resource-saving options, emphasizes education and supports green initiatives. Green Bank recently achieved $350 million in total assets; approximately 14 months ago, the bank had $215 million on the books.
About Green Bank
Founded in 2006, Green Bank works to optimize the long-term return to our shareholders while providing a safe and sound investment in a socially-responsible and resource-efficient enterprise.
Our commitment is to streamline processes, preserve resources and perform to a higher standard. Green Bank employees are empowered to choose the right path, work towards long-term goals, make sound lending and investment decisions, reduce resource consumption and choose local service providers.
Green Bank, N.A. is a federally chartered bank regulated by the Office of the Comptroller of the Currency, a division of the Department of the Treasury of the United States. www.greenbank.com
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