FOR IMMEDIATE RELEASE
ICBA Independent Banker Announces “ICBA 400” Top Community Bank Performers
Washington, D.C. (June 3, 2010)—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.
“Even though 2009 was a very challenging year for the banking industry, community banks continued to serve the needs of their customers and their communities,” said Karen Tyson, ICBA senior vice president of communications. “The ICBA 400 are notable for upholding the everyday common-sense values and responsible business practices for which community banks are best known. This is exactly why community banks are the key to Main Street America’s economic recovery and prosperity.”
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 2009 FDIC call report data. The performance rankings include listings for Subchapter S Corporation and Subchapter C Corporation community banks among five asset categories.