ICBA News Release
FOR IMMEDIATE RELEASE
ICBA Independent Banker Announces “ICBA 400” Top Community Bank Performers
June Story Highlights Success in Teamwork and Commitment to Community
Washington, D.C. (June 21, 2011)-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" 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 in their communities and making them a better place for their local customers to live and work each and every day," said Chris Lorence, ICBA executive vice president and chief marketing officer.
Many of the ICBA 400 community banks have credited teamwork as a cornerstone to their success, which often means encouraging employees to volunteer within the community, offering employee stock ownership plans and making loan decisions at the board level. "By making the daily business of running a community bank a team effort and making a commitment to their community, these community banks are truly able to foster a culture that benefits their employees, communities and their bottom line," Lorence said.
The ICBA 400 recognizes top performers across the community banking industry. 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 2010 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, visit www.icba.org/2011ICBA400.