The Board of Directors of Integrity Bancshares, Inc., the parent company of Integrity Bank declared a 5% stock dividend that will be paid on March 18, 2009 to shareholders of record on March 4, 2009. James T. Gibson, President/CEO of Integrity Bank stated, "Integrity Bank had a great year in 2008. The financial difficulties at the larger institutions have accelerated our growth. When times are tough people want their money and relationships with a bank that lends locally and is committed to our community."
Integrity Bancshares, Inc. reported an increase in earnings of 52% for 2008. The company's income grew from $1,648,000 in 2007 to $2,504,000 for 2008. In 2008, assets of the bank increased 24% to $390 million, up from $314 million on December 31, 2007, while loans grew to $356 million, up 27% from $280 million. The bank reported no subprime loans and reported over 99.6% of loans are paying as agreed.
