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Armstrong Bank named a top performer - Sequoyah County Times: Business

Armstrong Bank named a top performer

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Posted: Wednesday, August 3, 2011 9:44 pm

ICBA Independent Banker®, the award-winning magazine of the Independent Community Bankers of America (ICBA) and the nation’s number-one source for community banking news, recently recognized Armstrong Bank in Muskogee as an outstanding ICBA 400 community bank performer in its June issue.

The ranking is based on Armstrong Bank’s 2010 year-end earnings.

“We commend Armstrong Bank for being named to this year’s ICBA 400—a subset of community banks across the country that exemplify the mission of community banking by reinvesting in their communities and making them a better place for their local customers to live and work each and every day,” Chris Lorence, ICBA executive vice president and chief marketing officer, said.

Many of the ICBA 400 community banks have credited teamwork as a cornerstone to their success, which often means encouraging employees to volunteer within the community and making loan decisions at the board level.

“By making the daily business of running a community bank a team effort and making a commitment to their community, Armstrong Bank and community banks in cities and towns throughout the country are truly able to foster a culture that benefits their employees, communities and their bottom line,” Lorence said.

The ICBA 400 recognizes top performers across the community banking industry. The magazine’s year-end rankings of ICBA members are based on return on average assets and return on average equity as reported in final 2010 FDIC call report data. The performance rankings include listings for Subchapter S corporation and Subchapter C corporation community banks among five asset categories.

Armstrong Bank is honored to be named to the ICBA 400,” Billy Taylor, Armstrong Bank president/CEO, said. “As a proud member of the communities we serve, we credit our dedicated employees and loyal local customers for our success and are proud to be part of the financial foundation that drives economic stability and prosperity right here on Main Street.”

To see the ICBA 400 Top Performers listing, visit www.icba.org/2011ICBA400.

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