Asset Management

Fieldpoint Private Bank Reports Strong Growth, Expansion Plans

Vanessa Doctor 14 May 2010

Fieldpoint Private Bank Reports Strong Growth, Expansion Plans

Fieldpoint Private Bank and Trust is celebrating its second anniversary with a performance that has outdone the usual figures expected out of startup institutions.

Since its founding in spring 2008, the bank has generated $345 million in assets, $300 million in deposits and $200 million in loans, it said in a statement recently.

"Fieldpoint Private is built on a philosophy that our clients feel as if they are much more than customers, they are provided service as though they are exclusive members," said Dan Donahue, the firm's chairman and chief executive officer.

Beyond financial services, Fieldpoint actively circulates in Greenwich, ranging from contributions to local charities to providing employment opportunities. Early this year, the bank added Trust Solutions to its portfolio.

Fieldpoint provides private banking, business banking, wealth management and trust services and family office services to the high net worth community of Greenwich and surrounding areas. It has also plans to open more offices outside of the city beginning 2011, with the first external branch planned for New York City.

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