Houston Community News >> MetroBank 2nd Quarter Results

8/8/2006 Houston-- MetroBank posted a 22.5 percent increase in profits from the same quarter last year. Net profit rose to $3.39 million. 2006 second quarter highlights:

  • Loans to individuals and businesses increased to $830 million.
  • Savings account hits $1 billion.
  • Announced a 3 to 2 stock split
  • Assets increased by 1.15 percent
  • Plano, Texas branch opened in June
  • Announce the opening of a MetroBank office in Xiamen, China

The office in Xiamen, China will help U.S.-Sino business relationship and services. The office will open in the 4th quarter of 2006.

MetroBank Executives (l to r): David Tai, George Lee, Don Wang