Benchmark Named to Top 200 Community Banks List

August 16, 2018 - Benchmark Bankshares, Inc. (BMBN), holding company for Benchmark Community Bank, has been named to American Banker magazine’s list of Top 200 Community Banks. Based in Kenbridge, Benchmark has been named to the list for 12 consecutive years.

According to the publication, “Ranking is of bank holding companies, banks, and thrifts that had total assets of less than $2 billion as of Dec. 31, 2017, and that are publicly traded or report financials to the SEC. The ranking is based on three-year average ROAE (return on average equity) for 2015 to 2017.” (Source: Capital Performance Group analysis of data provided by S&P Global Market Intelligence)

The announcement stated that 633 community banks met the criteria for the Top 200 list. Of the 11 Virginia banks named to the list, Benchmark, at #94, was one of three ranked in the top 100. Those that are named to the Top 200 list met required performance thresholds despite the fourth quarter 2017 corporate tax reform-related deferred tax asset write down that impacted many of the nation’s financial institutions.

“We are quite pleased to again make the Top 200 Community Banks list,” said President/CEO Jay Stafford. “It is an industry recognition that confirms what we are working hard every day to accomplish on behalf of our customers and shareholders.”

Benchmark Community Bank has branch locations in 11 Southside Virginia communities, as well as two North Carolina branches in Henderson and Wake Forest. A new Emporia, VA location is slated for opening on September 4, 2018. To learn more about Benchmark, its products, and services, please visit a branch near you or visit the bank’s website at www.bcbonline.com.


Contact: Helen Person, VP/Director of Marketing
434-676-2666 ext. 1103
helen.person@bcbonline.com

 

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