Forbes ranks Community Bank third in the nation

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Forbes ranks Community Bank third in the nation

Thu, 02/14/2019 - 4:19pm -- tim

Vermont Business Magazine Forbes magazine recently ranked Community Bank N.A. third in the nation for financial performance in a study analyzing 10-key metrics related to growth, asset quality, capital adequacy and profitability for the nation’s 100 largest banks and thrifts. This is the eighth year running that Community Bank NA has ranked among the top 15 banks on the list. In addition, this is the second consecutive year that Community Bank NA is the only bank in Vermont to make the list’s top 10.

Forbes began ranking America’s 100 largest publicly traded banks and thrifts after the financial crisis in the late 2000s. Midsize, regional and national banks from across the United States were included in the study. Community Bank N.A. scored above all regional banks serving within the bank’s footprint, including People’s United Bank, Key Bank, Citizens Financial Group and TD Bank.

“I couldn’t be more proud to share this honor with our customers as it’s a true reflection of who we are as a bank,” Community Bank N.A. CEO and President Mark Tryniski said. “We pride ourselves on delivering a high level of performance to customers and our branch teams work hard every single day to make that a reality. We understand how important it is to have trust in your bank’s financial stability and are thrilled to deliver that confidence to our customers.”

This is the second time Community Bank N.A. has placed within the top three banks in the nation, also ranking third on Forbes’ 2017 list. Last year the bank placed among the top 10 in the nation in sixth place.

The raw data for Forbes’ 2019 America’s Best Banks was collected by S&P Global Market Intelligence and rankings were completed exclusively by Forbes. The 10 metrics used in the rankings are based on regulatory filings through Sept. 30. For more information on the ranking methodology and to view the complete list, visit Forbes.com. For more information on Community Bank N.A., visit cbnanews.com.  

Community Bank N.A.