From press reports
PHILADELPHIA – In challenging economic times, many consumers and business owners across the nation are keeping a close on the fiscal strength and integrity of their financial institutions.
In central and south Mississippi, however, there is particularly good news coming from one community bank: The Citizens Bank has been named a Top 200 Bank in the United States by U.S. Banker Magazine for the third consecutive year. The rating is based on the past three years’ average Return On Equity, an industry standard which measures an institutions ability to create profitability based on its net worth and includes all community banks and thrift institutions in the nation with assets less than $2 billion.
The announcement was made in the May, 2012 edition of American Banker.
The Citizens Bank was one of two Mississippi-based banks making the Top 200 list, coming in at number 114.
Merchants & Marines Bancorp, Pascagoula, was listed as number 181. The mid-Atlantic region contained the largest number of Top 200 banks, with Pennsylvania represented by 43 banks and New York, 26. Other states with doubledigit Top 200 banks were Ohio, Virginia and California.
Greg McKee, President and CEO of Citizens Bank said “We’re not only proud to have been named a Top 200 bank in the United States, but also for the consistency with which we have earned this honor. Three consecutive years is, by any standard, a remarkable achievement.”
“At The Citizens Bank, we consider fiscal integrity to be the most important aspect of our mission,” McKee continued.
“Without an eye on integrity and consistently seeking to perform our jobs in accordance with sound and proven banking principles, we could not go about serving our customers, our communities or our shareholders. I am pleased to earn this recognition for the well- being of those who rely on us and have placed their trust in us.”