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Progress Bank Ranked 64th Top Performing Community Bank in U.S.

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March 30, 2018
 
Progress Bank Ranked as the 64th Top Performing Community Bank in the United States
 
March 30, 2018 — Progress Bank announced it was named the 64th top performing bank in the United States with total assets between $1 billion and $10 billion by SNL/S&P Global Market Intelligence, based on its financial results for the year ended December 31, 2017. Only three community banks from Alabama were included in the $1 billion to $10 billion ranking.

SNL/S&P Global Market Intelligence’s rankings are based on six metrics: pretax return on average tangible common equity, net charge-offs as a percentage of average loans, efficiency ratio, adjusted Texas ratio, net interest margin on a fully taxable equivalent basis and loan growth. More than 530 companies were eligible for the SNL/S&P Global Market Intelligence rankings.

“We are pleased to be recognized among the top rated banks in the country by SNL/S&P Global Market Intelligence,” stated David Nast, President and CEO of Progress Bank. “We have a group of high performing associates who run our company the right way and take great care of our clients,” he added.

About Progress Bank
Progress Bank is an Alabama state chartered commercial bank, Member FDIC, with offices in Huntsville, Jones Valley, Decatur, Florence, Madison, Birmingham, Vestavia, Destin and Inlet Beach. The bank is a full service financial institution offering commercial, consumer, wealth management and mortgage services. Visit our corporate website at myprogressbank.com to learn more.

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Katiya McKinney, VP/Sales & Marketing Dir.
(256) 319-4913