BestCashCow Releases List of Fastest Growing Banks in the U.S.

BestCashCow Releases List of Fastest Growing Banks in the U.S.

BestCashCow released its list of the top ten fastest growing banks in the U.S. Banks were ranked based on organic growth of assets and return on equity for the period between June 30, 2011 and June 30, 2012.

BestCashCow released its list of the top ten fastest growing banks in the U.S.  Banks were ranked based on organic growth of assets and return on equity for the period between June 30, 2011 and June 30, 2012.

The Federal Savings Bank, based in Overland Park, KS, tops the list with 147% growth in assets and a 48% return on equity last year.  The Federal Savings Bank is a veteran-owned and operated bank formed in April 2011 following National Bancorp Holdings' purchase of Generations Bank. The bank's focus on providing mortgage loans to veterans and first-time home buyers has been the primary driver in its growth over the last year.

"The Federal Savings Bank has experienced tremendous success in the last two years by exercising a disciplined approach to measuring, monitoring and controlling our business plan," said Steve Calk, Chairman and CEO.  "We have focused extensive investment in the customer experience and our infrastructure, while expanding nationally at a controlled and profitable pace.  All of this has been possible by hiring and empowering women and men of superior character and work ethic, including a large number of returning combat veterans."

Rounding out the list of fastest growing banks in the U.S. are:

Bank

Asset Growth

Q2 2012 Assets (000s)

2012 ROE

2. Union Federal Savings Bank (RI)

93%

        142,266

3%

3. The First National Bank of Sterling City (TX)

89%

        166,152

11%

4. WebBank (UT)

76%

        137,254

20%

5. Stifel Bank and Trust (MO)

69%

      3,064,015

17%

6. Noah Bank (PA)

65%

        190,556

0.16

7. Berkshire Bank Municipal Bank (NY)

65%

          58,638

4%

8. Chain Bridge Bank, National Assoc. (VA)

65%

        374,787

9%

9. Marquis Bank (FL)

64%

        180,471

8%

10. Transportation Alliance Bank, Inc. (UT)

63%

        876,082

10%

 

 

 

 

Ranking based on asset growth between Q2 2011 and Q2 2012.

Banks that grew due to mergers or acquisitions were not included in the ranking.

Banks that did not have a positive ROE in Q2 2012 were not included.

Despite the pressure of low interest rates, many small and community-based banks are thriving," said Sol Nasisi, president of BestCashCow. "They are able to do so because they have the right formula to succeed in today's economy.  They have well-defined markets, entrepreneurial cultures and solid balance sheets and at the end of the day, success breeds success.  As these banks continue to grow and effectively compete in their local markets, more and more consumers are looking to them for their next mortgage, business loan or credit card."

Reviews

  • Shorebreak

    November 08, 2012

    The First National Bank of Sterling City (TX): It's all that money from the oil workers being deposited.

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