Progressive Ozark Bank receives bank award - Mountain Grove News-Journal : Business

Progressive Ozark Bank receives bank award

Posted: Wednesday, July 18, 2012 11:15 am

ICBA Independent Banker®, the award-winning magazine of the Independent Community Bankers of America (ICBA) and the nation’s number-one source of community banking news, recognized Progressive Ozark, Mountain Grove, MO, as an outstanding "ICBA 400" community bank performer in its June issue. The ranking is based on Progressive Ozark Bank year-end earnings and operational efficiencies.

 

"The community banks highlighted in this year’s ICBA 400 exemplify the mission of community banking by reinvesting locally in their communities and making them a better place for their customers to live and work each and every day," said Chris Lorence, ICBA executive vice president and chief marketing officer. "We commend Progressive Ozark Bank for their ongoing dedication to the positive mission of our great industry."

 

This year’s ICBA 400 shows that the overall performance of community banks across the country continues to steadily improve since the Wall Street financial crisis. The magazine’s year-end rankings of ICBA members are based on return on average assets and return on average equity as reported in final 2011 FDIC call report data. The performance rankings include listings for Subchapter S corporation and Subchapter C corporation community banks among five asset categories.

 

Progressive Ozark Bank is honored to be named to the ICBA 400," said Steve Moody, VP/Market Manager, Progressive Ozark Bank.

 

"As a proud member of the Mountain Grove community, we credit our dedicated employees and local customers for our success and are proud to be part of the financial foundation that drives economic stability and prosperity right her on Main Street."

To see the ICBA 400 Top Performers listing, read the article "Mapping the Future" on ICBA Independent Banker’s website at www.independentbanker.org.