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Hot 500
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PrimeTrust Bank
Bank
Success Secret:
"The ability to attract quality people with experience"
What Is Success?
"Being involved in something that is bigger than yourself and having fun while doing it"
Best Advice:
"When we help you succeed, we succeed together."
Tipping Point:
"Raising $36.5 million in capital—all privately placed"
Success Secret
|
What Is Success?
|
Best Advice
|
Tipping Point
Sources of Startup Capital
Friends & family
Venture capital
Bank loan
Private investors
Line of credit
Credit cards
Savings/personal funds
Company Benefits
Health insurance
Flextime
Life insurance
Company car
Telecommuting
401(K)
Tuition reimbursement
Stock options
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Jason K. West
Company Details
Location:
Nashville, TN
Founders:
Gary L. Scott, 61, Jason K. West, 40
Website:
www.primetrustbank.com
Year Started:
December 2001
Initial Investment:
$11M
Turned a Profit:
2004
First Million:
2002
2002 Sales:
$4.7M
2006 Sales:
$47.7M
Number of Employees:
Day 1:
20
2006:
112
2007:
138*
* Projected by 2008
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Rank
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208
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Bank
222
Leaders Bank
Bank for privately-held businesses
247
Southcoast Financial Corporation
Community bank
273
American Community Bank & Trust
Commercial bank
360
Bank of Kenosha
Bank
480
First Internet Bank of Indiana
Internet-based bank
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