Mid Penn Bank Ranks Sixth on S&P’s List of Best-Performing Community Banks in the Country
Mid Penn Bank is announcing an exciting accomplishment. The bank ranked sixth on S&P Global Market Intelligence’s list of Best-Performing Large Community Banks for 2022.
Based on the criteria evaluated, 196 institutions were eligible for ranking. Mid Penn Bank was the only Pennsylvania bank to make the list.
S&P assessed the performance of community banks and credit unions with assets between $3 billion and $10 billion for the year ended December 31, 2022.
The company calculates scores based on metrics such as returns, growth, and efficiency but also places emphasis on the capital strength and risk profile of balance sheets.
“We are honored to be recognized by S&P as one of the best-performing community banks in the nation. Our team works diligently to ensure that our business practices are not only profitable, but sound and beneficial to the community. In these unpredictable economic times, we are proud that our institution provides a well-established and safe place for our customers’ deposits.” said Mid Penn President and CEO Rory Ritrievi.
S&P’s Global Market Intelligence division has been evaluating and ranking community banks and credit unions since 2011.
A message from Mid Penn Bank’s CEO.
Connect With Your Community
Subscribe to stay informed!
"*" indicates required fields