Bank’s Total Assets Grow by 46%, Crossing $540M in Six Months
ATLANTA–(BUSINESS WIRE)–American Bancorp Inc. is proud to formally announce the appointment of Dominik Mjartan as Chief Executive Officer for both American Bancorp Inc. and its subsidiary, American Pride Bank. A seasoned banker with over twenty years of experience, Mjartan comes with a proven track record of growing both financial and social returns. After just six months under his leadership, American Pride Bank has grown its total assets by 46% and crossed $540 million.
An immigrant from Slovakia, Mjartan came to the United States as a teenager with a dream of becoming an entrepreneur. Since, he has become known as an innovative executive who consistently delivers on both margin and mission. Mjartan comes to American Bancorp Inc. after serving as President and CEO for Optus Bank in South Carolina, where shareholders realized an exponential return on equity under his leadership.
Throughout his career as an executive, Mjartan has been leaving an imprint the banking sector; he is a founding director of Climate First Bank and has served as an advisory board member for the FDIC, a director of the Community Development Bankers Association, and the National Bankers Association, among others. His leadership and business success earned him recognition as an EY Entrepreneur of the Year® Southeast this past year.
At American Bancorp Inc., Mjartan has already set a bold new trajectory of growth, increasing the balance sheet by more than $170 million, including $36 million in new capital. The company also secured a designation as a Public Benefit Corporation and Minority Depository Institution (MDI).
“With Dom on board, we are entering an exciting new season for the bank. His vision and dedication are driving us forward as we build a national footprint. The future couldn’t be brighter,” said Ajitkumar «Adam» Patel, founding director and chairman of the board of American Pride Bank and American Bancorp Inc. Under Patel’s leadership as Chairman, the Bank has been positioning itself to scale nationwide while delivering elite banking services.
Founded in 2007 by first-generation Americans and entrepreneurs, American Pride Bank was established to ensure that every person has access to the financial products, services, and knowledge they need to earn their American Dream.
Mjartan remarked, “I am deeply moved by American Pride Bank’s history and inspired by its founders, directors, and strong team. Together, we’re going to build a bank that the financial sector has been missing: one that combines the relational, people-driven prowess of community banks with the capacity, technology, and scale of a Wall Street Enterprise. Thanks to everyone’s efforts, we are well on our way.”
For more information about American Pride Bank and to stay informed about new products, services, and opportunities, visit www.americanpride.bank
About American Pride Bank
American Pride Bank was founded in 2007 by first-generation Americans and entrepreneurs to ensure that everyone has access to the financial products and services needed to earn their American Dream. The bank specializes in serving high-touch, relationship banking solutions that create pathways for generational wealth-building and business success.
Through responsive financial services, American Pride Bank helps small business owners and communities thrive. We take pride in seeing our customers succeed and knowing we played a part in their journey.
At American Pride Bank, your success is our pride.
Contacts
Media Contact:
Elizabeth Moraff
Director of Marketing & Communications
American Pride Bank
478-238-1533
[email protected]
