The bank decor resembles a historic country inn more than a type bank. The new downtown building was specifically designed to accommodate Town & Country's unique banking model which offers sit-down “concierge banking” for all customer transactions seated comfortably with a banker. The ambiance of a fireplace, chiming grandfather clock and shelves of old books offers a relaxed family friendly setting in a noticeable departure from today's typical financial institutions.
Town & Country Bank ended its second year of operation last week ahead ahead of the bank's business plan. Assets have increased to $60.8 million, fueled by loan growth that exceeded projections by more than 5.2%. Outstanding loans now total $40 million. Deposits currently total $52.9 million and have outpaced growth targets due to gains in non and low-interest bearing accounts.
Town & Country CEO Bruce Jensen says, “All our trend lines appear positive, and we are pleased with our consistent quarter-to-quarter growth. Our loan portfolio is performing substantially above industry levels and expenses are in check. The grand opening has been a wonderful way to get people to discover who we are,' said Jensen.
Town & Country Bank will host weekly concerts every Friday in its lobby at the new location featuring local musicians and music students.
For more information go to www.tcbankutah.com