Bank Director Magazine Announces Top 150 Performers in Third Annual Bank Performance Scorecard

Nov 15, 2007, 00:00 ET from Bank Director magazine

    NEW YORK, Nov. 15 /PRNewswire/ -- Bank Director magazine today
 announces the results of its third annual Bank Performance Scorecard. The
 Scorecard measures the performance of the country's largest banks and
 thrifts across a range of profitability, capitalization, and asset quality
     This year's top overall performer is newcomer Frontier Financial Corp.,
 a $3.6 billion, 51-branch bank based in Everett, Washington. Frontier
 emerged as one of the 150 largest institutions after adding some $400
 million in new loans since last June.
     "Our ranking is unique in that we don't focus on a single performance
 measurement, such as return on equity or deposit growth," said Associate
 Publisher Jack Milligan. "The banks that tend to do well on the Bank
 Director Bank Performance Scorecard are well rounded institutions that are
 very profitable but are also well capitalized. Given all the concern
 nowadays in the banking industry about rising loan losses -- particularly
 in the subprime mortgage sector -- this combination of profitability and
 balance sheet strength is more important than ever."
     The top 10 performers in this year's Scorecard are:
      1.   Frontier Financial Corp., Washington
      2.   Glacier Bancorp, Montana
      3.   Hancock Holding Co., Mississippi
      4.   FirstFed Financial Corp., California
      5.   Synovus Financial Corp., Georgia
      6.   SVB Financial Group, California
      7.   Capital One Financial Corp., Virginia
      8.   Bank of Hawaii Corp., Hawaii
      9.   Corus Bankshares, Illinois
     10.   City National Corp., California
     A complete list of the top 150 appears in the fourth quarter issue of
 Bank Director and is available at
     About the Bank Performance Scorecard
     The Bank Director Bank Performance Scorecard is comprised of six
 performance categories that measure profitability, capitalization, and
 asset quality. The Scorecard gives the two profitability metrics a full
 weighting in the final score for each institution. The other four metrics
 are each given a half weighting in the final tally. The Scorecard was
 developed in consultation with Sandler O'Neill, which also performed all of
 the necessary calculations using publicly available data. The ROAA and ROAE
 calculations were based on data from four linked quarters-in this case, the
 last two quarters of 2006 and the first two quarters of 2007. The capital
 and asset-quality measures are based on figures that were reported at the
 end of the second quarter of 2007.
     About Bank Director
     Bank Director is the premier magazine written for directors of
 financial companies. Each quarterly issue focuses on the information board
 members need on the hottest topics in banking-from mergers and acquisitions
 to retail strategies, compensation to technology-and features insightful
 commentary from former FDIC chairman Bill Seidman. Since its inception in
 1991, Bank Director has become recognized as an essential resource for the
 top decision makers in the financial industry. For more information, visit
     Leah Short
     Bank Director

SOURCE Bank Director magazine