Falcon International Bank Breaks Coveted #100 Mark on Annual Hispanic 500 Directory (July 28, 2008)
Falcon International Bank Breaks Coveted #100 Mark on Annual Hispanic 500 Directory (July 28, 2008)South Texas bank also makes Hispanic Business magazine's list of 100-fastest growing Hispanic-owned companies in U.S. - As printed in the Laredo Morning Times Business Journal - July 28, 2008
At the midpoint of an exciting year for Laredo-based Falcon International Bank, President and COO Gilbert Narvaez Jr. and Chairman of the Board and CEO Adolfo E. Gutierrez received unprecedented news: Falcon had broken the coveted number 100 mark up to 93 on Hispanic Business magazine's annual Hispanic 500 directory, which lists the 500 largest Hispanic-owned businesses in the U.S. Furthermore, Falcon earned a place on the magazine's second annual directory: The 100 Fastest Growing [U.S.] Companies list.
"When I first learned about this exciting news, I felt truly honored and humbled by the recognition. I have feelings of pride for our staff, and their ability to keep up with our continued growth, while maintaining the high level of customer service that we are known for," says Gilbert Narvaez Jr., President of Falcon.
Hispanic Business magazine, syndicated by The New York Times Company, recently won the prestigious Maggie Award for "Best Business & Finance Magazine." It has led the Hispanic press market for more than 25 years—which is why, says CEO Gutierrez, it is such an honor for Falcon to have found success in its pages.
Falcon's first mention in the Hispanic 500 was in 1997, when (then named Falcon National Bank) it ranked 499 on the directory. With assets under $30 million and profits of less than $5 million, the bank had been under new ownership for only two years. Since then, under the same ownership, Falcon has grown to employ more than 385 dedicated team members; 18 branches located in Laredo, San Antonio, McAllen, Brownsville, Eagle Pass, Del Rio and Buda, with a Loan Production Office (LPO) in Harlingen as well as representative offices in Monterrey and Guadalajara, Mexico; and $870 million in assets.
"I'm most proud of the fact that since our inception we have experienced increased growth in our personnel, customers, loans, deposits and products," says Narvaez. "Our staff is our largest asset and it is because of this that we will not lose focus on training and individual growth."
In the next several months, Falcon plans to open an IT Service Center behind its Laredo East branch, which will primarily house the Information Technology Department and the Call Center. Falcon Bank recently opened a new branch in McAllen located across from LaPlaza Mall, as well as another branch in San Antonio, located on Bandera Rd,; these branches mark Falcon's third location in each of these cities.
"At Falcon we attribute our success largely to being a family-owned business—and, thus, a business that values and cultivates a familial atmosphere in its staff and customers," says Narvaez. "Throughout our growth there are several things that haven't changed at Falcon and that is our commitment to offer personalized service, our attention to detail and quality products."
For more information on Falcon International Bank, please visit www.falconbank.com
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