Forbes ranks Community Bank third in nation for financial performance
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. The bank jumped five spots from its eighth-place ranking on Forbes’ list last year.
Forbes began ranking America’s 100 largest publicly traded banks and thrifts after the financial crisis of the late 2000s. Midsize, regional and national banks from across the United States were included in the study. Community Bank, N.A. scored above some of the biggest banks in the U.S., including JPMorgan Chase, Bank of America and Citigroup.
Community Bank, N.A.’s CEO and President Mark Tryniski attributes the organization’s high ranking to every branch becoming partners with the communities they serve. “We pride ourselves on delivering a high level of performance to customers,” he said. “That requires a lot of hard work behind the scenes and an unwavering commitment to provide differentiated solutions for each individual customer’s financial needs.”
“The ranking is a true reflection of not only Community Bank, N.A.’s operating discipline in everything we do, but also the personal financial discipline of our customers,” Tryniski said.
“We are incredibly proud to rank third in the nation and are thrilled to share this honor with our customers.”
The raw data for Forbes 2017 America’s Best Banks was collected by S&P Global Market Intelligence and rankings were completed exclusively by Forbes. For more information on the ranking methodology and to view the complete list, visit Forbes.com.