News & Announcements
Peoples National Bank Recognized as Top Performer for 2009Sep 16, 2010
Peoples National Bank, a subsidiary of Peoples Financial Services Corp., Hallstead, Pennsylvania, was recognized in the June edition of Independent Community Banker Magazine as one of the Independent Community Bankers Association’s (ICBA) “Towers of Strength” for its financial performance in 2009. This year’s “ICBA 400” list highlights the 20 top community bank performers in each category based on two standard banking industry efficiency measures, five bank asset categories and two bank tax-status categories. The magazine compiles its annual member rankings in its June issue from year-end FDIC call report data.
Peoples National Bank was identified in the ICBA Independent Banker year-end ranking of ICBA members based on the standard industry performance measures of return on average assets and return on average equity, “Even though 2009 was a very challenging year for the banking industry, community banks like Peoples National Bank continued to serve the needs of their customers and their communities,” said Karen Tyson, ICBA Senior Vice President of Communications. “The ICBA 400 banks are notable for upholding the everyday common-sense values and responsible business practices for which community banks are best known. This is exactly why community banks are the key to Main Street America’s economic recovery and property.”