FLORENCE-Progress Bank finally made it into their new building located at 230 Tennessee Street in Florence. They celebrated the event with some wonderful food, great hospitality and a ribbon cutting. There were a host of people there to help them with the gala event and the Quad-Cities Daily was there to capture the moment in photos.
Here is what Progress Bank has to say:
“At Progress Bank, we’re thinking forward.
Progress Bank started in the Shoals in 2011 with a loan production office and
stock offering that raised over $7.5 million in capital. Progress converted to a
limited service office in early 2013, quickly growing to $60 million in total assets
in the Shoals. The Bank is a full service financial institution offering commercial,
consumer, wealth management/investment services and mortgage banking
services.
Progress Bank opened in February 2008 and is the 16th largest bank headquartered
in Alabama with $530 million in total assets. In addition to 20% annual
growth rates for the general bank, Progress also originates in excess of $100
million annually in residential mortgage loans through its Mortgage Banking
Division. Progress Financial Services, the investment services division for the
company, has just under $200 million in client assets under management.
Progress Bank is an Alabama State chartered commercial bank, Member
FDIC.
Progress is committed to delivering the best banking relationship for our clients.
Expect uncomplicated banking from smart bankers who respond to you as
our client. We are committed to giving back to our community, passionate
about success of local businesses and dedicated to being more than just another
bank – something different, better and truly positive for everyone we serve.
We are pleased to have you join us to celebrate the opening of our full‐service
headquarters for the Shoals Area.”
