FOR IMMEDIATE RELEASE
ICBA Independent Banker Unveils “ICBA 400” Top Community Bank Performers
Washington, D.C. (June 12, 2009)—ICBA Independent Banker, the award-winning publication of the Independent Community Bankers of America (ICBA) and the nation's number one source for community banking news, published the “ICBA 400” list in its June issue. The annual ICBA 400 highlights the Top 20 community bank performers in 20 asset and tax-status categories for 2008.
“Even though 2008 was a very challenging year, our nation's more than 8,000 community banks remained strong, stable and efficient operations serving Main Street America,” said Karen Tyson, ICBA senior vice president of communications. “The ICBA 400 proves that community banks continue to be successful by sticking to the common-sense business and lending practices that are the cornerstone of the community banking industry.”
Among the ICBA 400 are community banks that maintain exceptionally successful and efficient operations through conservative lending practices, superior customer service, improved technology and marketing or expansion efforts to increase their market footprint.
The ICBA 400 is compiled by ICBA Independent Banker to recognize top performers across the community banking industry. The magazine's year-end ranking of ICBA members is based on the standard industry performance measures of return on average assets and return on average equity as reported in year-end FDIC call report data. Separate performance rankings are listed for Subchapter S Corporation and Subchapter C Corporation community banks among five asset categories.
“ICBA congratulates the community banks that made the ICBA 400 and commends them for continuing to safely and efficiently serve their customers and communities every day,” Tyson said. “These community banks continued to perform exceptionally well during a turbulent economic crisis, and they epitomize why community banks remain the driving force behind economic recovery efforts on Main Street America.”
To see the ICBA 400 Top Performers listing, visit www.icba.org/independentbanker.