AUSTIN, Texas, Oct. 25, 2011 /PRNewswire/ — The Business Bank of Texas, N.A, headquartered in Austin, Texas today reported strong year over year financial growth results. Business Bank of Texas continues to demonstrate how its unconventional banking approach is outperforming traditional financial institutions.  Average total deposits were $42.4 million, up 76.8 percent, over the $24.0 million reported for 2010. “Our company’s strong performance this year reflects our ability to create a greater opportunity for businesses to grow and prosper. The individualized service we offer while partnering with our customers is beneficial to us and to them,” said Ed Lette, President and CEO of the Business Bank of Texas, N.A.

The bank’s business model focuses on low to no fees, experienced staff and exceptional customer service while utilizing innovative technology for its commercial clientele.  The bank’s full suite of online options delivers the ultimate ease and convenience resulting in substantial time and cost savings for business owners.

 The Business Bank of Texas reflects a 65.9 percent increase in loans posting 14.1 million for the year. “The conservative approach we followed before the recession has put us in a great position for lending.  While other institutions have pulled back, we have the capital and liquidity to lend,” added Mary Ann Hebel, EVP/CFO Business Bank of Texas, N.A.

 While other financial institutions continue to struggle in the sluggish economy, the Business Bank of Texas’ financial numbers are exceptional. The bank experienced a 4.7 percent increase in capital, reporting $13.1 million.  The banks’ assets grew 24.7 percent reporting $79.5 million, up from $64.0 million in 2010. “Our leverage technology approach passes the savings on to the customer,” said Lette. “We offer a new way of banking and the savings are phenomenal.”

 About Business Bank of Texas, N.A.

Established in 2007, Business Bank of Texas, N.A., is dedicated to meeting the needs of businesses and entrepreneurs across the state. Founder, President and Chief Executive Officer, Ed Lette, has become founding president of four national bank charters, including Business Bank of Texas, and has served as Chief Financial Officer for five national banks over the course of his 45-year career. The bank’s co-founder, Executive Vice President and Chief Financial Officer is Mary Ann Hebel. Prior to Business Bank of Texas, Hebel, a 37-year veteran of the financial services industry, held posts as CFO and COO while contributing the success of two other national banks. Business Bank of Texas maintains a five-star rating from Bauer Financial, Inc.

About Bauer Financial, Inc.

Bauer Financial, Inc. analyzes and reports on the financial condition of the nation’s banks, thrifts and credit unions – commonly known as primary financial institutions. The five-star rating system, introduced in 1988, is nationally recognized as “the bank rating system.” Visit Bauer Financial online.

CONTACT:  Kelly Jackson, +1-512-217-9556, kelly@jaxzenmarketing.com

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