Bank joins list with revenue growth of 67%
Austin, TX (Aug. 16, 2016) — Austin Capital Bank, a leader in digital banking products and responsible financial innovation, today announced the bank was named to Inc. Magazine’s “Inc. 5000” list of the fastest-growing private companies in the nation. This marks the first time that the FDIC-insured independent community bank has been named to the annual list.
The bank made the list as a result of its 67% increase in revenue over the past three years, ending 2015 with revenue of $3.8 million, up from $2.3 million in 2013.
Each year Inc. Magazine ranks the fastest growing private companies in America based on percentage revenue growth over the past three years. The Inc. 5000 list represents a unique look at the most successful private companies within the American economy’s most dynamic market segment – independent small and midsized businesses. Companies such as Microsoft, Dell, Yelp, Zillow, and many other well-known brands gained their first national exposure as honorees of the Inc. 5000.
“It is a great honor to make the Inc. 5000 list, and a testament to the vision and work of every Austin Capital Bank team member,” said Erik Beguin, founder and CEO of Austin Capital Bank. “Considering the high revenue growth hurdle to make the list, we’re proud to show consistent and impressive annual increases in the bank’s revenue driven by the products we offer and the commitment we demonstrate to consumers nationwide.”
About Austin Capital Bank
Austin Capital Bank is a 5-Star rated, FDIC-insured, independent community bank located in Austin, Texas. The bank powers responsible financial innovation and digital banking services nationwide. With a commitment to the communities it serves, Austin Capital Bank is consistently recognized as a top performing financial institution and was ranked the sixth best performing bank in the nation in 2014 for c-corp banks under $75 million in assets, according to the Independent Community Bankers of America.