GREENWICH, CT--(Marketwire - May 12, 2010) - Fieldpoint Private Bank & Trust marks its second anniversary since its founding in Spring 2008, generating $345 million in assets, $300 million in deposits, and nearly $200 million in loans -- far surpassing growth rates typical for de novo (startup) institutions and, according to the company, particularly significant given that the bank opened amid a challenging economic environment for both Greenwich and the country. Further, the bank announced it has plans to open additional offices beyond Greenwich, first in New York City as early as 2011, as well as other areas of the country to service its bank's Members most thoroughly.
Dan Donahue, Chairman and CEO, said, "Fieldpoint Private is built on a philosophy that our clients feel as if they are much more than customers, they are provided service as though they are exclusive Members." This Member-centric approach is working, Donahue said, as Fieldpoint Private's Member base continues to grow and the bank looks forward to another record-breaking year in its third year.
According to Donahue, Fieldpoint Private strives to maintain a meaningful presence in its hometown of Greenwich. From contributions to and participation in local organizations and charities, to staffing its Field Point Road office with more than 30 employees, its impact has been positive -- providing a thriving financial services enterprise in a challenging economy.
"From the beginning, Fieldpoint Private Bank & Trust has offered its Members access to a unique combination of customized private banking, highly responsive business banking, boutique investment management, and personalized family office services," Donahue said.
In early 2010, he noted, the bank added Trust Solutions to its portfolio, further enhancing its suite of banking and financial planning products and services. The Fieldpoint Private Trust Solution offers the flexibility to choose from more than one trustee and still take advantage of a world-class investment platform unique to Fieldpoint Private and its Members. Fieldpoint Private's Members have a choice between carefully vetted and sophisticated corporate trustees from two separate trust-favorable jurisdictions.
About Fieldpoint Private Bank & Trust
Fieldpoint Private (www.fieldpointprivate.com) offers private banking, business banking, wealth management & trust services, and family office services. Founded in 2008, Fieldpoint Private opened its doors amid a volatile financial environment, offering an innovative and secure solution to the high-net-worth community of Greenwich, Connecticut, and surrounding areas. The bank's "Member-centric" approach to service treats its clients as if they were Members of the bank, rather than simply a client or customer. In this approach, the bank seeks to best emphasize what is best for each Member, in consultation with them, helping to assure for them a sense of success in their banking and wealth management decisions. By focusing on select relationships, Fieldpoint Private aims to ensure a true commitment to impeccable service and consistently flawless execution. "You do more than bank with us, you join."
Contact Information:
Media Contacts:
Kevin O'Hanlon
COO
Email Contact
Chet Dalzell
PR @ UMarketing for Fieldpoint Private
866.482.0288, ext. 180, or 917.608.2251
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