First Citizens scores high
Posted: Monday, June 11, 2012 9:21 pm
First Citizens National Bank has placed in the top 200 community banks in the nation for the fifth consecutive year, according to a list from American Banker magazine published in its May 2012 edition.
The bank’s new ranking is No. 68 compared to No. 88 in the prior period. Rankings are based on a three-year average return on equity compiled from institutions with total assets less than $2 billion that are either publicly traded or file with the Securities and Exchange Commission.
“This is not by accident as return on equity is a core measuring tool and a primary driver of shareholder return. Shareholder return is a major component of our mission statement,” FCNB President and CEO Jeff Agee said. “I am proud of our First Citizens’ team and the hard work that they do for the customers and communities we serve.”
American Banker magazine, First Citizens National Bank