First Resource Bank has been recognized by American Banker as one of the top performing publicly traded community banks under $2 billion in assets. This recognition comes on the heels of having been named the Best Bank of the Main Line by the Main Line Times and a Best Places to Work company by the Philadelphia Business Journal.

“Despite the challenging economic environment and recent obstacles that financial institutions have faced over the past year, First Resource Bank continues to shine both locally and throughout the country,” said Bank President and CFO, Lauren Ranalli. “Our repeat presence on American Banker’s annual list of the top 200 performing publicly traded community banks was only amplified by our significant increase in the ranks, moving fifty-eight notches into the top 100 performers.”

Companies scoring a spot on American Banker’s top 200 list had a median return on average equity of 14.16 percent, compared with 11.67 percent for all publicly traded banks in this asset class. The three-year average for this figure was 12.6 percent for the top performers, more than 2 percentage points higher than their peers. 

“To say that we are incredibly proud of this recent acknowledgement would be an understatement,” said First Resource Bank CEO, Glenn Marshall. “Time and again we are reminded of the importance that relationships hold in this industry. We are grateful for our loyal customers who, through their repeat business and referrals, have helped fuel our growth and for our dedicated team members who work tirelessly to serve the needs of our customers and community.”

Learn more at First Resource Bank.