Riverside Bank’s Rapid Rise Earns a Spot on the Fast 50 List 

Fast 50 Recognition

• Fast 50 Honoree – 2025: Ranked #8 among Central Ohio’s fastest-growing private companies.
• Record Growth Metrics: Assets grew from $85M in 2022 to $235.8M by mid-2025.
• Award-Winning Performance: Named “Bank of the Year (Under $500M Assets)” by the Ohio Bankers League.

A New Community Bank with Skyrocketing Growth

Founded in February 2021 as a de novo bank (only the second new bank opened in Ohio since the Great Recession of 2008), Riverside Bank started with a strong capital base of $25 million raised from local investors. From the outset, growth has far outpaced expectations. Just one year in, the bank’s actual performance blew past its business plan projections: by March 31, 2022, total assets reached $84.7 million, versus $45.3 million projected, and deposits stood at $62.1 million, nearly three times the forecast ($21.9M). This early success indicated robust market demand and effective execution of the bank’s strategy.

Building on that foundation, Riverside Bank’s assets continued to soar from $130 million in early 2023 to $184 million by mid-2024, and further to $235.8 million as of mid-2025. In other words, the bank nearly tripled its asset size in just over three years. Deposits have grown in tandem – rising to $206.6 million by June 2025 from $156.1 million a year prior (a 32% year-over-year increase in mid-2025). Such rapid growth in the balance sheet underscores the bank’s success in attracting business and consumer clients in the Columbus region.

Critically, this expansion has been managed sustainably. Riverside Bank achieved profitability ahead of schedule – turning a profit by late 2022, approximately six months earlier than initially projected. “We started with a low-overhead approach, got to profitability very quickly and now are going to move into a branch with the customer base to support the branch,” co-founder and then-CEO Bill Daily explained in an interview when discussing the bank’s early strategy. This disciplined approach allowed Riverside Bank to grow fast without sacrificing financial stability. In fact, as of late 2022 the bank’s Tier-1 capital ratio stood above 20% – a very strong capital position for a new bank – providing a solid cushion to support continued growth.

Fast 50 Recognition: Growth Fueled by Team and Strategy

Earning a spot in the Fast 50 list reflects Riverside Bank’s remarkable revenue growth alongside its asset expansion. Columbus Business First verifies financial information of nominees over a multi-year period, so this award confirms that Riverside Bank’s rise has been not just in scale but in financial performance as well. While specific revenue figures are proprietary, being ranked among Central Ohio’s fastest-growing companies indicates a substantial compound growth rate that outpaces the vast majority of peers. Competition for Fast 50 is intense – only 50 companies make the cut each year out of the entire region, and 2025’s honorees included 11 new entrants and 20 companies that doubled their revenue in three years. Riverside Bank’s inclusion (at number 8) signals that it is one of the region’s growth leaders in any industry, not just banking.

What’s driving this success? Exceptional execution and a customer-focused strategy. Riverside Bank’s leadership attributes the growth to the dedication of its expert local team and a commitment to “first class customer service”. By concentrating on the needs of Dublin and the surrounding Central Ohio community, the bank has carved out a loyal customer base. Business First noted that Riverside Bank launched to fill a void left by the consolidation of community banks in the Columbus market, and the enthusiastic response from local businesses and residents has validated that mission. The bank’s experienced management (with decades of collective community banking expertise) has balanced rapid expansion with prudent risk management, ensuring that growth is robust and healthy (the bank currently enjoys an “A+” financial health rating from an independent bank review site).

Key Milestones and Achievements

To put Riverside Bank’s momentum in context, here is a summary of key growth milestones and recent accolades:

Building on Success: “The Strength of Local”

Recognition in the Fast 50 is a major milestone, but Riverside Bank of Dublin views it as just the beginning. The bank remains deeply committed to its founding vision of local service. “The Strength of Local” isn’t just a tagline – it’s a guiding principle that has driven Riverside Bank’s growth. By focusing on the needs of Central Ohio businesses and families, and by having real bankers answer the phone and build relationships, the bank continues to win over customers from larger institutions. This approach was recently highlighted in an NBC4 segment, which noted Riverside Bank’s “dedication to personalized service” and community-focused philosophy.

Looking ahead, Riverside Bank is investing in its future growth: adding talent, expanding locations, and rolling out new products to meet customer needs. The team is growing – “We’re hiring… due to our expansion and continued success,” the bank proclaims on its website – ensuring that service excellence keeps pace with size. The upcoming Bridge Park branch will increase convenience for clients and amplify the bank’s presence in the Columbus market.

Earning the Fast 50 award and the OBL Bank of the Year accolade in the same year is a strong validation that Riverside Bank’s strategy is working. “On behalf of our shareholders and dedicated board of directors, please accept my personal and professional congratulations,” CEO Charles Moore wrote to employees upon the Fast 50 news, noting that their hard work and first-class service “made the cut” in a very competitive field. This momentum – a blend of strategic growth, operational excellence, and community trust – sets the stage for Riverside Bank to continue its upward trajectory.

Conclusion: Momentum to Carry Forward

In under five years, Riverside Bank of Dublin has grown from a startup bank to an award-winning, high-performance institution. Inclusion in the 2025 Fast 50 list is a highlight that encapsulates this journey – reflecting not just rapid growth in numbers, but growth achieved the right way, through local focus and customer dedication. With strong fundamentals, a talented team, and expansion on the horizon, Riverside Bank is well-positioned to keep climbing.

Whether or not the bank appears on future Fast 50 lists, the goal remains the same: to continue delivering exceptional banking experiences while sustaining healthy growth. As we celebrate this Fast 50 honor, we also look forward to writing Riverside Bank’s next chapter of success – one that will undoubtedly build on the remarkable momentum we’ve established.

Thank you to our customers, employees, and community partners for being part of this journey. Together, we are proving that a local bank can achieve extraordinary things. Here’s to our shared success and to the road ahead!