Author: keeleybuckley4

Meadows Bank Reports 37% Increase in Net Income

 Meadows Bank, headquartered in Las Vegas, NV, announced today that it posted After Tax Net Income of $11,249,751 in the first half of 2021 which was 37.1% higher than the $8,202,917 earned during the same period in 2020. The Bank also reported a 22.5% increase in Total Deposits. Total Deposits were up $213.6 million from June 30, 2020 to $1,163 billion at June 30, 2021. At June 30, 2021, the Bank had Total Loans of $933.6 million which represented a slight decrease from the $994.6 million Total Loans outstanding on June 30, 2020, primarily due to the forgiveness of Paycheck ... Read more