WESTON, Fla.--(EON: Enhanced Online News)--Florida Community Bank Financial Holdings, Inc. (NYSE:FCB), the third largest Florida-based independent bank, has been named the #10 best bank in America among the 100 largest banks by Forbes. This is the first time FCB ranked on the national list, and the eighth consecutive year Forbes has ranked the biggest banks.
“We will continue to exceed our customers’ expectations and overall, thrive as the leading commercial bank in Florida.”
“We are pleased to be recognized by Forbes in this prestigious ranking. This acknowledgment speaks to our commitment to providing the highest quality service to our loyal Florida customers,” said Kent Ellert President & CEO, Florida Community Bank. “We will continue to exceed our customers’ expectations and overall, thrive as the leading commercial bank in Florida.”
Forbes' ranking of the 100 largest banks was born from the financial crisis of the late 2000s when credit quality was cratering. Banks are healthier since the financial crisis for a decade now, but there is still a wide variance in the financial condition of the largest financial institutions. The “Best Banks in America” Forbes ranking is based on the following metrics: growth, profitability, capital adequacy and asset quality, include return on average tangible equity, return on average assets, net interest margin, efficiency ratio and net charge-offs as a percent of total loans.
To see Forbes ranking of the 100 largest banks, visit http://www.forbes.com/sites/kurtbadenhausen/2017/01/10/americas-best-banks-2017#5a270ba9c9fa
Assets from $2.5 trillion JPMorgan Chase to Berkshire Hills Bancorp with just under $8 billion are carefully examined for the ranking. The data comes courtesy of S&P Global Market Intelligence, but the rankings are done solely by Forbes.
Other factors include nonperforming assets as a percent of assets, risk-based capital ratio and reserves as a percent of nonperforming assets. Each of the metrics is weighted equally in the final rankings.
Florida Community Bank is Florida’s leading financial institution building banking centers in every corner of the state, offering customers a quality community banking services. For more information on FCB, visit: floridacommunitybank.com/
About Florida Community Bank
Florida Community Bank (NYSE:FCB) is the third largest Florida-based independent bank, and among the most highly capitalized banks in the state. Recently awarded a five-star rating from Bauer Financial™, FCB assets are $9.1 billion, with capital ratios that exceed regulatory standards by a wide margin. Since its founding in 2010, FCB has been steadfast in its commitment to delivering personalized service, innovation, and products and services equal to those offered by the national banks with an ever-growing team of highly-experienced associates and financial planning professionals. Similarly, FCB recognizes the importance of community, fostering a corporate culture that promotes employee volunteerism at all levels, while supporting community-based programs and partnerships that help promote greater financial independence and improved quality of life for families. FCB serves individuals, businesses and communities across the state with 46 full-service banking centers from east to west, and from Daytona Beach to Miami-Dade. For more information, visit FloridaCommunityBank.com. Equal Housing Lender, Member FDIC.
©2016, Forbes Media LLC. Used with permission.