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
“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
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%.
# # #
About National Cooperative Bank:
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.