Bank moves up to #2060 on list with impressive revenue growth
Austin, TX (Aug. 14, 2019) – For the fourth consecutive year, Austin Capital Bank, a leader in digital banking products and responsible financial innovation, was named to Inc. Magazine’s “Inc. 5000” list of the fastest-growing private companies in the nation, as it experienced a record 195% revenue growth over the past three years.
The bank, which was founded in 2006, ranked 2,060 out of 5,000companies, signifying a jump of more than 1,200 spots from last year’s report. The bank reported revenue exceeding $11 million in 2018.
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.
“The fourth time’s the charm,” said Erik Beguin, founder and CEO of Austin Capital Bank. “We entered the list four years ago ranked #4001, and today we find ourselves in the top half of all privately owned companies on the list.”
About Austin Capital Bank
Austin Capital Bank is a 5-Star rated, FDIC-insured, independent community bank located in Austin, Texas. Austin Capital Bank is consistently recognized as a top performing financial institution and has been ranked on consecutive INC. 5000 lists since 2016. Austin Capital Bank is unique among community banks in that it defines ‘community’ as a common set of needs and values vs the traditional geographic focus of community banks. Austin Capital Bank offers proprietary branded digital banking services nationwide enabled by its own custom-built banking-as-a-service platform and digital banking products group.