The Bank of Fincastle Reports Financial Results for the Third Quarter Ended September 30, 2017
October 31, 2017 at 12:31 pm EDT
The Bank of Fincastle reported financial results for the third quarter ended September 30, 2017. For the quarter, the company's showed a decrease in net losses before taxes to $91,000, down from $2.2 million in losses for the third quarter 2016. Higher operating costs, noninterest expenses and write downs of problem loans have impacted the quarterly results, however progress is positive as the Bank remains diligent in its strategic plan to improve asset quality.