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  • National Cooperative Bank Reports consolidated Net Income of $2.0 Million for the quarter ended March 31, 2016.

National Cooperative Bank Reports consolidated Net Income of $2.0 Million for the quarter ended March 31, 2016.

Washington, DC (May 16, 2016) —National Cooperative Bank (NCCB), a leading financial services company dedicated to providing banking products and services to cooperatives nationwide, reported  consolidated earnings of $2.0 million through March 31, 2016. 

“We are pleased to report the Bank’s positive corporate results at the end of the first quarter,” said Charles Snyder, President and CEO of NCCB. “Our continued success can be attributed to our strong product lines our commitment to superior service and our strategic partnerships with cooperative organizations.” 

NCCB also reported total assets of $2.2 billion and total deposits of $1.77 billion as of March 31, 2016. Regulatory capital ratios at National Cooperative Bank, N.A. continue to be strong.  As of March 31, 2016, National Cooperative Bank, N.A. had a total risk-based capital ratio of 14.13% and a tier 1 leverage or core capital ratio was 11.56%.  

  

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About National Cooperative Bank:

National Cooperative Bank is dedicated to strengthening communities nationwide through the delivery of banking and financial services, complemented by a special focus on cooperative expansion and economic development. NCB provides financial products and services for the nation’s cooperatives, their members, and socially responsible organizations. Headquartered in Washington, DC, the Bank has offices in Alaska, California, New York, Ohio and Virginia. To learn more, visit www.ncb.coop, National Cooperative Bank on Facebook, or on Twitter @coopbanking.