JEFFERSON CITY, MO. June 15, 2009 – Central Bancompany, a Missouri-based bank holding company, was recently named one of the Top 25 Performers of 2008 in an article published in the June 2009, American Bankers Association Banking Journal.
"We are extremely pleased to be recognized as one of the 'Top 25' performing banking companies in the country," said Bryan Cook, Central Bancompany CEO. "We have built a foundation of people, community, technology and local management that has stood the test of time. Furthermore, it is testament to the dedication and professionalism of our more than 2,700 employees in Missouri, Kansas, Illinois and Oklahoma, who serve our customers through our 13 banks and non-bank affiliates with more than 175 location in 66 communities."
"The way we do business is deeply rooted in our history," Mr. Cook commented further. "Since the founding of our first bank over a century ago, we have held steadfast to our core strategies: to provide our valued customers with leading-edge financial products and to understand that we are service professionals helping people achieve their financial goals."
To determine the rankings, The American Bankers Association (ABA) studied the performance of domestic publicly held depository institutions with assets over $3 billion as of December 31, 2008. The banks, thrift institutions and bank holding companies were ranked by return on average equity for 2008. The ABA found financial institutions that performed well in the difficult 2008 economic environment were those that excelled at relatively traditional banking activities, such as generating low-cost core deposits, making quality loans and focusing on consistent service quality.
Making this ranking even more significant, is the success Central Bancompany achieved in the challenging 2008 banking environment. Nearly 67% of the large public banks and thrifts either qualified for or participated in the Troubled Asset Relief Program (TARP).*
Central Bancompany is a $9 billion, Missouri-based bank holding company with 13 full-service banks and more than 175 locations in 66 communities serving consumers and businesses in Missouri, Illinois, Kansas and Oklahoma.
*Mambrino, Vanessa (2009) Banking's Top Performers, 2008, ABA Banking Journal. 22-24
Read the full article Banking's Top Performers , 2008 (PDF format - requires Adobe Acrobat Reader).
