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 under $2 billion in assets in the United States by
American Banker Magazine for the fifth consecutive year. The rankings
are based on three-year return on average equity (ROAE) for 2016 to
2018. Ledyard Financial Group finished in the 161st position for 2019
with a three-year average ROAE of 9.59%.
Kathy Underwood, President and CEO of Ledyard Financial Group, Inc.
stated, "Ledyard is honored to once again be recognized on this
exceptional list of community banks by American Banker Magazine. We have
embraced new technologies to better serve our clients and increase
shareholder value. In addition to upgrading our core operating system
for increased efficiency and productivity, our focus on growing the
mortgage and private banking divisions has contributed substantially to
the bottom line. To be recognized as the only New Hampshire community
bank on this list is a true testament to 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.
Forward-Looking Statements: Statements concerning future
performance, developments or events, expectations for growth and income
forecasts, and any other guidance on future periods constitute
forward-looking statements that are subject to a number of risks and
uncertainties.Actual results may differ materially from stated
expectations.Specific factors include, but are not limited to,
loan production, competitive pressure in the banking industry, balance
sheet management, net interest margin variations, the effect of changes
in equity prices on assets under management, the ability to control
costs and expenses, changes in the interest rate environment, financial
policies of the United States government, and general economic
conditions.The Company disclaims any obligation to update any
such factors.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190605005813/en/
Nicole Affeldt
Marketing Coordinator
Nicole.affeldt@ledyardbank.com
tel: 603-640-2677
Source: Ledyard Financial Group, Inc.