FOR IMMEDIATE RELEASE
ICBA Independent Banker Announces “ICBA 400” Top Community Bank Performers
“ICBA 400” Ranking Highlights Community Banks Across the Country
Washington, D.C. (June 13, 2012)—ICBA Independent Banker®, the award-winning magazine of the Independent Community Bankers of America (ICBA) and the nation’s number-one source for community banking news, published its annual list of outstanding community bank performers in its June issue. This year’s “ICBA 400” cover story highlights the 20 top community bank performers in two standard banking industry efficiency measures, five bank asset categories and two bank tax-status categories.
“The community banks highlighted in this year’s ICBA 400 exemplify the mission of community banking by reinvesting locally in their communities and making them a better place for their customers to live and work each and every day,” said Chris Lorence, ICBA executive vice president and chief marketing officer. “We commend the community banks featured on the list for their ongoing dedication to the positive mission of our great industry.”
This year’s ICBA 400 shows that the performance of community banks continues to steadily improve since the Wall Street financial crisis. The magazine’s year-end rankings of ICBA members are based on return on average assets and return on average equity as reported in final 2011 FDIC call report data. The performance rankings include listings for Subchapter S corporation and Subchapter C corporation community banks among five asset categories.
To see the ICBA 400 Top Performers listing, read the article “Mapping the Future” on ICBA Independent Banker’s website at www.independentbanker.org.