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 for
the third straight year. The rankings were based on return on average
equity across three years. Ledyard Financial Group ranked 159th
in 2016 and moved up twenty-one spots to the 138th position
in 2017 with a three-year average ROAE of 9.74%.
According to the May 2017 edition of American Banker Magazine, the top
200 community banks grew assets by a median of $62.7 million, compared
to $39.3 million for the peer group. This growth helped to offset
increased regulatory expenses and other cost drivers. The magazine
quoted Kevin Halsey, a consultant for Capital Performance Group as
saying, “Institutions are getting bigger, either from organic growth or
from acquisitions so they are able to better spread their expenses
across their asset bases. That increased scale really allows the top 200
to be more efficient.” Ledyard’s accomplishment demonstrates the Bank’s
sustained ability to use its equity efficiently.
Kathy Underwood, President and CEO of Ledyard Financial Group, Inc.
stated, “Ledyard is honored to be recognized in this elite group of
community banks by American Banker Magazine for a third consecutive
year. Our focus on helping our clients plan for their financial futures
while enhancing shareholder value continues to help us grow and
strengthen as we expand into new markets in our state. To be recognized
as the only New Hampshire community bank on this list is a true
testament of our exceptional team members who are dedicated to our core
values.”
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.
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/20170608006300/en/
Ledyard Financial Group, Inc.
Gregory D. Steverson, 603-640-2666
EVP,
CFO, & COO
greg.steverson@ledyardbank.com
Source: Ledyard Financial Group, Inc.