isu web 102224 728x90

West Bank ranked among top 20 banks by American Banker

/wp-content/uploads/2022/11/BR_web_311x311.jpeg

West Bank has been ranked as one of the top 20 banks in the country by American Banker Magazine. American Banker evaluates public and private banks with assets ranging from $2 billion to $10 billion, ranking them based on their three-year average return on average equity. For the top 20 banks in this asset class the average return was 21.11%, 10 percentage points above the average return for all banks in the asset class (11.61%). West Bank’s average return was 18.84%, placing it at No. 18 on the rankings. The top 20 institutions also held more core deposits compared with their total deposit base, reported a higher median return on average assets, and posted a stronger efficiency ratio compared with the entire peer group. “We are immensely proud to secure a place among the nation’s top performing banks. We are a reflection of our customers and the communities we serve,” West Bank CEO Dave Nelson said in a news release. The full rankings are available on the American Banker website.