Benchmark Bank’s Blog - Category: “Public Relations”

5-Star Rating

| Benchmark Bank News, Public Relations

5-Star Rating

Benchmark Bank is proud to announce that in 2011, we earned Bauer Financial’s 5-star “Superior” rating for all 3 reporting periods. Benchmark Bank has been recommended by Bauer as either a 4-star (in 2010) or 5-star (in 2011) institution for 7 consecutive quarters in a row. It is a great honor to be called “one of the strongest financial institutions in the nation” by a premier independent rating firm.

BauerFinancial has been reporting on and analyzing the performance of U.S. banks and credit unions since 1983. Ratings are independent. No institution has ever paid Bauer to rate it, nor can any choose to be excluded.

For more details, please see the attached press release or visit Bauer Financial.

Year End Report

| Benchmark Bank News, Public Relations

This was an email our Charmain & CEO, Mike Barnett, sent to all employees last week:

I hope you all had a great Christmas and a Happy New Year with your family and friends.

I am proud to announce that in 2011, the Benchmark companies made a combined $7,606,154.22. It was another Outstanding year for our group, and I want to personally thank each one of you for contributing to our success.

AMC Correspondent had a great year. They purchased 10,906 loans in 2011 and volume reached 1.926 billion in total production, which is awesome considering the overall decrease in volume within the industry. The Correspondent group earned over 2 million in the fourth quarter – their best quarter of the year – and $2,398,310 total for the year despite a slow start. I want to congratulate the AE’s that gathered the business and the staff that always turns the loans in a timely manner. The secondary group did a great job of balancing our risk and locking our profits. I want to recognize the leadership team of Dan, Jason, Meredith and Todd for another exceptional year for AMC Correspondent. The Correspondent group currently has 107 employees, and I am very proud of the job that each one of them is doing.

AMC Retail ended the year with a combined profit of $80,432. Congratulations to Kelly Malatesta for being our top producer for the second year in a row! We are excited that AMC Retail is now under the leadership of Todd Potter, a former account executive for AMC Correspondent. One of the first things Todd did in his new role of National Sales Manager was add a Southeast Regional Manager, Mike Harley. Mike helped AMC Retail open two new branches in the fourth quarter – one in Augusta, Georgia and one in Myrtle Beach, South Carolina. We look forward to watching this business continue to grow in 2012. Thanks to our loan officers, underwriters, processors, closers and assistants who did a great job handling all of the loan volume this year.

Benchmark Title recently opened its new Commercial Headquarters in Uptown Dallas. We are very proud of this new space and think it will be a big advantage having exam, escrow and marketing working together in one office. Due to increased overhead and costs associated with this new location, Benchmark Title was negative for the year. However, we feel that with additions made in 2011 to our commercial marketing and support team, we are in the best shape we have ever been. I also want to recognize the outstanding work done by our residential closing teams in Plano and the Park Cities.

Benchmark Bank had another excellent year, earning 1.5 million in the fourth quarter and $5,284,644 for the year. In the fourth quarter, Benchmark received two honors of which I am very proud – we were named the 7th fastest growing company in North Texas (SMU Cox School of Business/Dallas Business Journal), and we were voted BY OUR OWN FABULOUS EMPLOYEES one of the Top 100 Places to Work in DFW (Dallas Morning News). The Bank currently has 360 million in total assets. Congratulations to Mac, Kay and the entire mortgage warehouse staff for exceeding 1 billion in loans purchased in November 2011. Thanks to everyone at the bank for the great job you do – I love hearing our customers brag about you all. Benchmark Bank looks forward to another exceptional year in 2012 as we aim to open two new branches by the fourth quarter – one in Austin under the leadership of Rusty Edgar and one in Uptown very close to our new Title location.



BMB Third Quarter 2011

| Benchmark Bank News, Public Relations

The following email was sent to All Employees from our CEO, Mike Barnett, on Monday 10/10:

I am so excited and proud to announce that in September, ALL seven of our entities posted a profit. This is truly fantastic news. It has been a GREAT quarter for the Benchmark companies as everyone made money. Combined we made $2,497,625 in the third quarter, and current year-to-date earnings are $4,125,510.

Benchmark Bank was our strongest entity again this quarter, with a net income of just over 1 million. Past dues were less than 1% of total assets, which is phenomenal. I am very proud of our loan officers and also attribute this to our excellent customer base. We dedicated our executive boardroom in Plano in memory of David Crockett on September 29th, and we enjoyed celebrating his memory will all of you who were able to attend. It was also fun to get to recognize our board members who have been with us over 40 years: Larry Green and McCain. We are very fortunate to have so many long-term and loyal employees at Benchmark.

Benchmark Title was profitable again this quarter, earning $26,573.28. They had a great month in September and we look forward to this trend continuing for the rest of the year.  Benchmark Title has secured the lease on the 4th floor annex of the office building at 2000 McKinney in Uptown Dallas, and we are finishing out the space now. We are excited for our commercial title group to all move into this new space next month.

AMC Correspondent had a great quarter, earning $940,643.04. This makes them positive for the year, which is fabulous news after a rough start to 2011 due to tough economic conditions. In September, AMC Correspondent posted a profit of over 1 million – keep up the great work! 

AMC Retail also had a great quarter. Combined the 4 locations earned $516,502 in Q3, with Houston leading the way. I am excited to announce that Todd Potter, formerly of AMC Correspondent, has joined AMC Retail as their National Sales Manager. Todd will be managing the LO’s and leading our retail mortgage expansion across the country.

Two exciting honors for Benchmark which I’d like to mention (both will be formally announced in November):

The Dallas Morning News has selected Benchmark Bank & Benchmark Title as one of the Top 100 Places to Work
For the second year in a row, Benchmark Bank has been ranked one of the fastest growing privately held companies in North Texas by the SMU Cox School of Business.

I am thrilled with this quarter and again want to reiterate that every entity made a profit in September.

Keep up the great work and thanks for what you do! 

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