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Article: Pennsylvania Banks Dominate Ranks of U.S. Banker Top 200 List
- Article from:
- U.S. Newswire
- Article date:
- June 15, 2009
CopyrightCopyright 2009 U.S. Newswire. Provided by ProQuest LLC. (Hide copyright information)
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To: STATE EDITORS
Contact: Ed Novak of the Pennsylvania Department of Banking, +1-
717-783-4721
HARRISBURG, Pa., June 15 /PRNewswire-USNewswire/ -- A leading
banking industry trade publication has ranked 24 Pennsylvania
banking companies -- more than any other state -- among the top 200
community banks in the United States, the state Department of
Banking said today.
The annual ranking, published in the June 2009 issue of U.S.
Bankermagazine and compiled by SNL Financial LC, is based on the
average return on equity (ROE) for the past three years. ROE is the
ratio of a bank's net income to its total capital equity. It is a
measure of how effectively a company's management uses investors' ...