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West Town Bancorp Announces 1st Quarter 2018 Results

West Town Bancorp, Inc. Announces First Quarter 2018 Financial Results.

Company Release 04/27/2018 08:30 AM Contact: Eric Bergevin, 252-482-4400 RALEIGH, NC, April 27, 2018 — West Town Bancorp, Inc. (OTC PINK: WTWB) (the “Company” or “West Town”), the multi-bank holding company for West Town Bank & Trust and Sound Bank, reported record quarterly net income of $2,481,000 or $0.80 per diluted share for the first quarter 2018 compared to net income of $879,000, or $0.57 per diluted share for the first quarter of 2017, an increase of $1,602,000, or 182%. Return on average assets was 1.88%, and return on average shareholders’ equity was 15.02% as compared to 1.31% and 12.40%, respectively, in the first quarter 2017….

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