| Frontier Financial Corp., the holding company that owns Frontier Bank, has announced that it expects the first quarter of 2001 to be a profitable one, with earnings ranging between $7 to $7.5 million.
It also believes that the Federal Reserve’s reduction of interest rates will have a positive impact on the net interest margin of the company over the entire fiscal year, although it may adversely affect Q1 revenues.
President and CEO Bob Dickson said, “We’re continuing to show strong momentum, reflected by new record highs for deposits, loans and shareholder equity, and our loan portfolio continues to contain minimal problems or charge-offs.”. |
