Indiana Community Banks Among ‘Top 200’
The parent of United Fidelity Bank ranked highest in Indiana.
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As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowMore than a dozen Indiana banks are included in an industry publication’s list of the Top 200 Community Banks. The institutions are ranked by American Banker magazine based on return on equity average over the course of the last three years.
In all, more than 680 banks fit the criteria for consideration. The publication says the Top 200 reported a median noninterest expense growth rate of 5.85 percent. Loan additions for the group increased from 2014 to 2015, as well.
The parent of Frankfort-based The Farmers Bank finished third among Indiana institutions. Chief Executive Officer Karen Gregerson says "we are pleased to rank in the Top 200 performing banks in the nation for the third year running and to progressively move up in the rank each consecutive year. The bank’s outstanding performance is the result of the focus and commitment of our Board of Directors, our management team, and our entire staff, who are all to be commended for our performance."
The Indiana banks on the list are:
- 3. Fidelity Federal Bancorp in Evansville
- 7. First Farmers Financial Corp. in Converse
- 45. Farmers Bancorp in Frankfort
- 56. F.S. Bancorp in La Grange
- 72. Community First of Indiana in Kokomo
- 73. River Valley Bancorp in Madison
- 91. Crystal Valley Financial Corp. in Middlebury
- 93. Northeast Indiana Bancorp in Huntington
- 98. FFW Corp. in Wabash
- 117. NorthWest Indiana Bancorp in Munster
- 142. FirstCapital in Corydon
- 165. National Bank of Indianapolis
- 177. Logansport Financial Corp.
- 185. Your Community Bankshares in New Albany
Full details are available in the May issue of American Banker.