An advantage of trusting Gulf Coast Business Credit with your accounts receivable financing is that Gulf Coast Bank & Trust’s financial information is 100% public. We provide this as a courtesy to our clients so that you can rest assured your money is safe. Many of our competitors do not provide their clients with this luxury, so if they decided to close their doors tomorrow, you’d have no warning. On February 2, 2016, Gulf Coast Bank & Trust Company President & CEO, Guy T. Williams, announced the third consecutive year of record earnings.
Gulf Coast Bank & Trust Company experienced record pre-tax earnings of $28,480,000. The bank’s total assets grew by 12.5% and ended the year at one billion three hundred and seventy-two million dollars in total assets. “The record earnings year was the result of growth across all divisions including retail, trust and investments, residential mortgage, commercial mortgage, accounts receivable financing, and consumer lending.” said President Williams.
Gulf Coast Bank expects that their continual footprint expansion will be a large contributor to growth in 2016. Recently in December 2015, Gulf Coast Bank announced the opening of its 19th branch location in Hammond, Louisiana.