Stockman Bank was once again recognized by the Independent Community Bankers of America (ICBA) as one of the top 25 industry performers in 2016 of banks with more than $1 billion in assets. Stockman Bank’s recognition is based on the strength of its banking services and operation efficiencies during the year 2016. Stockman Bank has received this distinction numerous times since such recognition began in 1998.
“Being named in the top 25 by the ICBA is a reflection of Stockman’s commitment to our customers and our communities,” commented Bill Coffee, Chief Executive Officer of Stockman Bank. “It is this commitment that allows Stockman to continue to grow and serve more of our neighbors across Montana every day.”
The Independent Banker, the national magazine of the ICBA, named the top community banks for 2016 in their May 2017 issue. This year’s rankings recognize community banks that are consistent high performers. Previously, only the most recent year’s return-on-assets (ROA) data from the FDIC was evaluated. This year’s rankings take ROA figures from the past three years into account, with 2016 carrying the most weight. Banks were then divided into three broad segments based on asset size and ranked in each segment on a three-year weighted-average ROA.
Stockman Bank specializes in commercial, development, real estate and Ag lending. Established in 1953, Stockman Bank is still Montana owned and operated and has 34 banking locations across the state. Stockman is committed to Montana and looks forward to continuing the Community Banking visions they were founded upon over 64 years ago.