Bank repeats on list with revenue growth of 98%
Austin, TX (Aug. 16, 2017) — 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 for the second consecutive year.
The bank experienced a 98% increase in revenue over the past three years with total revenue of $4.9 million in 2016. The bank, which was founded in 2006, ranked 3,260 out of 5,000 privately-owned companies on the list. In its debut on the list last year, it was ranked 4,001.
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.
“We were excited to have cracked the top 5,000 last year and to be well within the top 4,000 this year,” said Erik Beguin, founder and CEO of Austin Capital Bank. “We’re going to continue doing what we do best, which is rooted in financial technology, responsible innovation, and community-minded offerings.”
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. Austin Capital Bank is consistently recognized as a top performing financial institution. 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.