The parent bank of Bank of Cooperstown has been ranked 15th a list of the 100 top-performing banks in the country with total assets less than $500 million.
According to a media release, SNL Financial compiled the list of the 100 top-performing banks using key 2012 financial information, including bank profitability, operating efficiency, net interest margin and loan growth.
Mike Briggs, president and CEO of the parent bank USNY, said he is proud to have been able to grow so consistently since the bank opened for business in 2007.
“This new independent national ranking by SNL Financial is a real credit to our entire bank team, bank management, employees, directors and our community board members at Bank of Cooperstown, for consistently providing strong customer service and delivering effective business development strategies that have been successful in our marketplace, “ he said in the release.
Briggs said 2012 was the third consecutive year that USNY Bank has made SNL Financial’s list of the 100 top-performing banks with assets less than $500 million.
He added: “We were ranked 20th in 2011 and 73rd in 2010, so we’ve continued to make progress each year. (Bank of Cooperstown Bank President) Scott White and his team are getting recognition for their experience and personalized customer service.”
Bob Ranger, chairman of the board of directors of USNY Bank, added: “I’m very pleased to be a part of this growing, successful new bank. I believe it’s our people that make the difference at Bank of Cooperstown.”
In addition to Bank of Cooperstown, USNY Bank also operates Bank of the Finger Lakes in Geneva.