BALTIMORE (May 20, 2019) – CFG Bank, a locally owned and operated community bank, has been ranked third nationally by the Independent Community Bankers of America® (ICBA) as a top performing bank between $300 million and $1 billion in assets.
ICBA, whose mission is to create and promote an environment where community banks flourish, develops the “Best of the Best” list each year to recognize community banks that are consistent high performers. It compiled this year’s rankings by using FDIC data to divide the banks into three segments based on asset size and ranked each segment based on a three-year weighted average return-on-assets (ROA) from 2016, 2017, and 2018. 75 community banks were part of this year’s list.
“It’s an honor to be named a top performing bank by ICBA,” said Bill Wiedel Jr., CEO of CFG Bank. “This national recognition reflects the tremendous growth CFG has achieved over the past couple of years and we look forward to continuing on this successful path.”
CFG Bank has $832.3 million in assets and a 2.83 percent ROA.
ICBA, the nation’s voice for more than 5,700 community banks of all sizes and charter types, is dedicated exclusively to representing the interests of the community banking industry and its membership through effective advocacy, best-in-class education and high-quality products and services.
About CFG Bank
CFG Bank provides commercial, personal, and online banking solutions to the Mid-Atlantic business community and national healthcare market. Locally owned and operated, the bank dates back to 1927 when La Corona Building and Loan Association, Inc., was formed to meet the financial needs of Highlandtown and East Baltimore residents. Though the name has changed since 1927, CFG Bank prides itself on delivering big-bank capabilities and expertise with relationship-driven community bank service. The bank is headquartered in Baltimore, Maryland, with branches in Lutherville/Towson, Annapolis and Baltimore City.