| CEO Jay Forgotson has announced that BNC Financial Group, Inc., the holding company for The Bank of New Canaan, The Bank of Fairfield and Stamford First Bank, achieved record earnings in 2011, with a consolidated profit of $2.2 million, an increase of 335% over 2010. BNC Financial Group's assets increased in 2011 by 21% to $477 million and gross loans grew by 27% to $371 million. The Organization's Net Interest Margin increased to 4.27%. Notes Forgotson, "Despite another y...continued BNFI mortgages banks Financial |
Monday, February 13, 2012
BNC Financial Group Reports Record Earnings for 2011
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