HANOVER, N.H.--(BUSINESS WIRE)--
Ledyard Financial Group, Inc. (Ticker Symbol: LFGP), the holding company
for Ledyard National Bank, was ranked among the Top 200 publicly traded
banks and thrifts in the United States by American Banker Magazine. The
rankings were based on return on average equity across three years.
Ledyard Financial Group ranked 159th with a three-year
average ROAE of 9.33%.
According to the May 2016 edition of American Banker Magazine, the top
community banks were the most successful at offsetting the rising
expenses and falling loan yields that have faced the industry in the
past year. These top institutions relied on strong loan growth and core
deposit growth to reach superior levels of profitability and stability.
Kathy Underwood, President and CEO of Ledyard Financial Group, Inc.,
stated, “Ledyard is very proud to, once again, be recognized by American
Banker Magazine for its commitment to growth and profitability.
Inclusion in this exclusive list of banks serves as confirmation that we
are on the right track strategically. It also serves as a reminder to
remain focused on helping our clients plan for their financial futures,
while enhancing shareholder value.”
Ledyard Financial Group, Inc., headquartered in Hanover, New
Hampshire, is the holding company for Ledyard National Bank.Ledyard
National Bank, founded in 1991, is a full service community bank
offering a broad range of banking, investment, tax and wealth management
services in the Dartmouth-Lake Sunapee Region.Ledyard National
Bank has eight offices with locations in Hanover, Lebanon, Lyme, New
London, and West Lebanon, New Hampshire and in Norwich, Vermont.
Ledyard Financial Group, Inc. shares can be bought and sold through
the NASD sanctioned “OTC Markets” under the trading symbol LFGP.Shares
may be traded through an individual’s broker.For more
information, please refer to the “Investor Relations” section of the
bank’s website at www.ledyardbank.com
or contact the bank’s Chief Financial Officer, Gregory D. Steverson.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160517006135/en/
Ledyard Financial Group, Inc.
Alanna Mayer, 603-640-2677
Marketing
Assistant
alanna.mayer@ledyardbank.com
Source: Ledyard Financial Group, Inc.