Investor Update February 2019
It has been a remarkable and very exciting year for Nano Banc! Since our commencement in May 2018, we have hit the ground running. The payoff of our success has been a direct result of our Rockstar Nano Team, which has now grown to over 50 employees. We successfully opened our Headquarters in Irvine, CA and are now in the process of opening a new sales office, located in Westwood, CA. As we continue to grow, we look forward to expanding our reach and anticipate a very successful New Year.
Our hard-working team took a much-deserved break, celebrating the holiday season and the end of a great year for Nano Banc by gathering for an evening of merriment and good food. The night was filled with laughter and comradery, ending with a very encouraging speech from our Founders.
AROUND THE OFFICE
In September, we launched Horizon as our new Banc-wide software, geared to enhance our customer online banking experience. From an operational stand-point, the conversion was very successful, and we are all extremely excited to be on one system! Our loyal customers are also enjoying the benefits of the new system, and the various products and services now available with this transition.
Nano Banc continues to have a ton of momentum across every important metric. We ended the year with $522 million in assets and nearly 600% asset growth since May 1, 2018, with no brokered loans, no brokered deposits, and all core client relationships.