RALEIGH, N.C., May 5, 2016 /PRNewswire/ -- West Town Bancorp (WTWB), the parent company for West Town Bank & Trust, has been a growing and profitable financial services organization for many years and it is now being recognized for that success. West Town Bancorp is ranked #2 on the list of the top performing community banks and thrifts in the nation by American Banker Magazine.
This year's Top 200 Ranking was based upon the three-year average Return on Equity for the years 2013, 2014 and 2015. The ranking included all publicly traded banks and thrifts with less than $2 Billion in total assets as of December 31, 2015 that did not have a) a leverage ratio of less than 5%, b) a Tier 1 risk-based capital ratio of less than 6%, or c) a total risk-based capital ratio of less than 10%. There were 684 institutions across the nation fitting the criteria. West Town's three-year average Return on Equity was 19.51% compared to the median for the top 200 community banks of 10.40% and all 684 institutions of 6.84%. The Company's Return on Equity for the most recent year ended December 31, 2015 was 18.20%.
Eric Bergevin, President and CEO commented, "We are very proud to make our debut on the Top 200 list as the #2 top performing community bank in the entire country. We attribute our success to our innovative business model coupled with the vision, leadership and support of our directors and the dedication of our employees who are committed to outstanding performance day in and out."
To read the American Banker article and view the entire list, go to
About West Town Bancorp, Inc.
West Town Bancorp, Inc. is the holding company for West Town Bank & Trust, a North Riverside, IL based state chartered bank. The Bank provides banking services through its offices in Illinois and North Carolina, where it operates as Albemarle Bank & Trust, and also maintains loan production offices in North Carolina, New York, Maryland, Pennsylvania, Florida, Idaho and New Jersey. Its primary deposit products are checking, savings, and time certificate accounts, and its primary lending products are residential mortgage, commercial, and installment loans. Additionally, the Bank engages in mortgage banking activities and, as such, originates and sells one-to-four family residential mortgage loans in multiple states. The Bank's primary regulator is the Illinois Department of Financial and Professional Regulation and FDIC.
For more information, visit www.westtownbank.com.
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SOURCE West Town Bancorp, Inc.