Stearns Bank Named Top-Performing Bank by American Banker



American Banker ranked Stearns Bank the No. 1 top-performing bank in the U.S. Stearns earned the recognition in the June 2017 edition of the magazine, which ranked the top-performing banks in the $2 billion to $10 billion asset class based on return on average equity over a three-year period.

Stearns Bank was new to this list after crossing the $2 billion asset threshold in 2016. American Banker credited Stearns for having expertise in equipment finance and other specialty lending while “continuing to invest in business lines that helped it achieve loan yields and net interest margin far superior to those of its peers.”

Stearns also achieved the No. 1 ranking as the top-performing community bank in the country from ICBA Independent Banker magazine in its May 2017 edition. That ranking was based on a three-year average return on assets for banks having $1 billion or more.

“Investing wisely in small businesses that best support revenue growth and developing efficiencies through technology is what helped improve our profitability over time,” Stearns Bank CEO and owner Norman C. Skalicky said. “We are pleased to be recognized again as one of the top-performing banks in the country. Stearns Bank is committed to achieving a high-performing status by maintaining strong capital reserves and providing quick turnaround with best-in-class service, efficiency and security. Our employee owners are always intelligent and diligent about their work and it continues to show with this type of recognition as a top-performing bank.”


Like this story? Begin each business day with news you need to know! Register now for FREE Daily E-News Broadcast and start YOUR day informed!

One Reply to “Stearns Bank Named Top-Performing Bank by American Banker

Leave a comment

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
terry.mulreany@monitordaily.com
Susie Angelucci
Advertising: 484.459.3016
susie.angelucci@monitordaily.com

View Latest Digital Edition

Visit our sister website for news, information, exclusive articles,
deal tables and more on the asset-based lending, factoring,
and restructuring industries.
www.abfjournal.com