Congratulations to IBANYS member bank Community Bank, N.A. has been ranked third in the nation by Forbes in financial performance! Through hard work, consistency and commitment to customers Community Bank, N.A. was able to position itself into a community banking powerhouse. Factors that contributed to their success through this study were done by studying analyzed growth, asset quality, capital adequacy and profitability. Below is an excerpt from the Forbes article regarding the rankings:
“The biggest U.S. banks are posting record profits, and balance sheets are pristine. There were zero bank failures last year for the first time since 2006. Banks have come a long way in the past decade, as 389 banks went under between 2009 and 2011.
Despite the industry’s strong overall health, there is a wide disparity in the performance of the biggest banks. Forbes’ 10th annual look at America’s Best Banks ranks the 100 largest publicly-traded banks and thrifts based on their growth, credit quality and profitability.
Congratulations to Community Bank, N.A. and continuing their work as an exceptional community bank for thousands of New York consumers.