Associated tags: Common stock, PIMS, The Company, SBA, FDIC, Fintech, Bank, BCS, BankCard Services, Small business, Press release, COVID-19
Locations: UTAH, ARIZONA, US, CALIFORNIA, NEVADA
LAS VEGAS, May 9, 2024 /PRNewswire/ -- GBank Financial Holdings Inc. (the "Company") (OTCQX: GBFH), the parent company for GBank (the "Bank"), is pleased to announce that Scot M. Levine has been appointed Executive Vice President and Chief Risk Officer (CRO) of GBank, effective April 29, 2024.
Key Points:
- LAS VEGAS, May 9, 2024 /PRNewswire/ -- GBank Financial Holdings Inc. (the "Company") (OTCQX: GBFH), the parent company for GBank (the "Bank"), is pleased to announce that Scot M. Levine has been appointed Executive Vice President and Chief Risk Officer (CRO) of GBank, effective April 29, 2024.
- Scot Levine brings to GBank a wealth of expertise and a robust background in risk management and corporate compliance.
- Before his arrival at GBank, Mr. Levine demonstrated exceptional leadership and strategic foresight at prominent financial institutions, significantly contributing to the enhancement of their risk management and compliance infrastructures.
- I look forward to working with the team to further strengthen our risk management frameworks and support the Company's strategic objectives."
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Bank For the quarter ended March 31, 2024, the Company's Tangible Common Equity to Tangible Assets ratio was 10.6%.
Key Points:
- For the quarter ended March 31, 2024, the Company's Tangible Common Equity to Tangible Assets ratio was 10.6%.
- For the quarter ended March 31, 2024, short-term borrowings totaled $10 million, compared to $30 million for the prior quarter.
- For the quarter ended March 31, 2024, other noninterest income increased 27% to $262 thousand, compared to $207 thousand for the prior quarter.
- No provision for credit losses relating to unfunded commitments was recorded during the prior quarter or the first quarter of 2023.
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The Company LAS VEGAS, April 25, 2024 /PRNewswire/ -- GBank Financial Holdings Inc. (the "Company") (OTCQX: GBFH), the parent company for GBank (the "Bank"), today announced it will host its annual meeting of shareholders on Tuesday, May 7, 2024, at 2:00 p.m. (PST).
Key Points:
- LAS VEGAS, April 25, 2024 /PRNewswire/ -- GBank Financial Holdings Inc. (the "Company") (OTCQX: GBFH), the parent company for GBank (the "Bank"), today announced it will host its annual meeting of shareholders on Tuesday, May 7, 2024, at 2:00 p.m. (PST).
- Shareholders will be able to listen from their home or from any remote location that has Internet connectivity.
- The ZOOM meeting password is included on your Notice of Virtual Annual Meeting of Shareholders that accompanied your proxy materials.
- Additional information on joining ZOOM by various methods can be found at:
The Annual Meeting of Shareholders will be hosted by Edward M. Nigro, Executive Chairman, and T. Ryan Sullivan, President/CEO.
Retrieved on:
Tuesday, February 6, 2024
LAS VEGAS, Feb. 5, 2024 /PRNewswire/ -- GBank Financial Holdings Inc. ("GBank" or the "Company") (OTCQX: GBFH), the parent company for GBank (the "Bank") is pleased to announce that it recently presented to investors at the Janney CEO Forum held in Scottsdale, AZ, on January 31st and February 1st.
Key Points:
- LAS VEGAS, Feb. 5, 2024 /PRNewswire/ -- GBank Financial Holdings Inc. ("GBank" or the "Company") (OTCQX: GBFH), the parent company for GBank (the "Bank") is pleased to announce that it recently presented to investors at the Janney CEO Forum held in Scottsdale, AZ, on January 31st and February 1st.
- The Investor Presentation is available through the following link:
Retrieved on:
Tuesday, January 30, 2024
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Federal Home Loan Banks Average pretax gain on sale of loans margin decreased to 3.18% during the fourth quarter, compared to 3.36% for the prior quarter and 3.51% for the same period of 2022.
Key Points:
- Average pretax gain on sale of loans margin decreased to 3.18% during the fourth quarter, compared to 3.36% for the prior quarter and 3.51% for the same period of 2022.
- For the quarter ended December 31, 2023, the Bank's Tier 1 leverage ratio was 14.06%, compared to 15.08% for the quarter ended December 31, 2022.
- For the quarter ended December 31, 2023, net interest income increased 8% to $10.4 million, compared to $9.6 million for the prior quarter.
- Net charge-offs during the third quarter of 2023 related to the other real estate owned properties held at September 30, 2023.
LAS VEGAS, Jan. 18, 2024 /PRNewswire/ -- GBank Financial Holdings Inc. (the "Company") (OTCQX®: GBFH), the parent company for GBank (the "Bank"), is proud to announce its second consecutive inclusion in the OTCQX® Best 50, a prestigious ranking of the top 50 U.S. and international companies traded on the OTCQX® Best Market.
Key Points:
- LAS VEGAS, Jan. 18, 2024 /PRNewswire/ -- GBank Financial Holdings Inc. (the "Company") (OTCQX®: GBFH), the parent company for GBank (the "Bank"), is proud to announce its second consecutive inclusion in the OTCQX® Best 50, a prestigious ranking of the top 50 U.S. and international companies traded on the OTCQX® Best Market.
- Reflecting on another year of exceptional performance, the Company has once again demonstrated its commitment to excellence and growth.
- Edward M. Nigro, Executive Chairman of GBank Financial Holdings Inc. stated, "I wish to express our appreciation to the OTCQX® for providing an exceptional trading platform for our GBFH shareholders.
- For more details on the 2024 OTCQX® Best 50, visit:
Retrieved on:
Thursday, December 14, 2023
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Environment LAS VEGAS, Dec. 14, 2023 /PRNewswire/ -- GBank Financial Holdings Inc. (the "Company") (OTCQX: GBFH), the parent company for GBank (the "Bank"), and BankCard Services, LLC ("BCS") today announced that they have executed a definitive merger agreement whereby the Bank will acquire BCS in an all-stock transaction.
Key Points:
- LAS VEGAS, Dec. 14, 2023 /PRNewswire/ -- GBank Financial Holdings Inc. (the "Company") (OTCQX: GBFH), the parent company for GBank (the "Bank"), and BankCard Services, LLC ("BCS") today announced that they have executed a definitive merger agreement whereby the Bank will acquire BCS in an all-stock transaction.
- BCS patented Pooled Player (PPA™) and Pooled Consumer (PCA™) Programs shall expand cashless payment solutions to a growing network of gaming and payments partners and financial institutions.
- This strategic decision shall afford GBank greater opportunity to harness BCS proprietary solutions including licensing our intellectual property to other Financial Institutions."
- Janney Montgomery Scott LLC has issued a Fairness Opinion to the disinterested board subcommittee of the Company and Bank Board of Directors.
Retrieved on:
Thursday, November 2, 2023
LAS VEGAS, Nov. 2, 2023 /PRNewswire/ -- GBank, a subsidiary of GBank Financial Holdings Inc. (OTCQX: GBFH), today announced that its Board has formed a subcommittee comprised of four entirely disinterested directors to explore the potential merger of BankCard Services, LLC ("BCS") and the Bank.
Key Points:
- LAS VEGAS, Nov. 2, 2023 /PRNewswire/ -- GBank, a subsidiary of GBank Financial Holdings Inc. (OTCQX: GBFH), today announced that its Board has formed a subcommittee comprised of four entirely disinterested directors to explore the potential merger of BankCard Services, LLC ("BCS") and the Bank.
- This disinterested board subcommittee is tasked with the duty to review any proposed transaction and is authorized to engage a third party to deliver a fairness opinion regarding any potential transaction.
Retrieved on:
Tuesday, October 31, 2023
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Sightline (architecture) For the quarter ended September 30, 2023, loan originations by the Bank's SBA and Commercial Lending divisions increased 19% to $81.1 million, compared to $68.0 million for the prior linked quarter.
Key Points:
- For the quarter ended September 30, 2023, loan originations by the Bank's SBA and Commercial Lending divisions increased 19% to $81.1 million, compared to $68.0 million for the prior linked quarter.
- For the quarter ended September 30, 2023, the Company's equity to assets ratio was 12.97% and the Bank's Tier 1 leverage ratio was 16.18%.
- For the quarter ended September 30, 2023, net interest income increased 10% to $9.5 million, compared to $8.7 million for the prior linked quarter.
- For the quarter ending September 30, 2023, Gaming FinTech deposits averaged $31.6 million, compared to $45.7 million for the prior linked quarter.
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SBA LAS VEGAS, Oct. 20, 2023 /PRNewswire/ -- GBank Financial Holdings Inc. (the "Company") (OTCQX: GBFH), the parent company for GBank (the "Bank"), today announced the dates for its Q3 2023 earnings release and investor earnings call.
Key Points:
- LAS VEGAS, Oct. 20, 2023 /PRNewswire/ -- GBank Financial Holdings Inc. (the "Company") (OTCQX: GBFH), the parent company for GBank (the "Bank"), today announced the dates for its Q3 2023 earnings release and investor earnings call.
- The earnings release is set for Tuesday, October 31, 2023, followed by the investor earnings call on Wednesday, November 1, 2023, at 2:00 p.m. (PST).
- GBank Financial Holdings Inc. (the "Company") (GBFH) operates via its wholly-owned subsidiary, GBank.
- GBank Financial Holdings Inc. retains the right to modify these projections as needed.
