Monday, June 1, 2009

Bank of Asheville Ranked 69th in Community Banks Nationwide

We received an email from Randall C. Hall, CFO of the Bank of Asheville, to share some good news. Bank of Asheville has been ranked #69 in the top 200 community banks. It is always great to hear one of our members getting some national recognition.

Here is a link to the article with all the ranking information.

Here is what Mr. Hall had to say about the ranking:
Weststar Financial Services Corporation, parent of Bank of Asheville, was recently ranked #69 among the top 200 community banks in the U.S. based on a 3-year return on average equity (see attached). In last year’s publication we ranked #119. I am in the process of drafting a news release for Buddy Greenwood; however, he won’t return from vacation until next week. Since I know you’re working with a deadline, I wanted to provide you with a copy of the article from US Banker Magazine, which notes our performance.

There are approximately 1100 publicly traded community banks in the U.S. At #69, this places Bank of Asheville in the top 10 percentile.

We are honored not only to have been ranked among America’s top 200 performing community banks, but to have improved in ranking from 119th to 69th. Our success is largely attributable to the support we receive from our growing customer base in Western North Carolina, to our dedicated associates, who constantly strive for excellence, and to the Board of Directors, who inspire us through vision, leadership and integrity.

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