Corporate Press Releases
Verity Bank – Rated in the Top 15th Percentile of Community Banks
May 7, 2013
Seifried & Brew, LLC, a community bank risk management firm, named Verity Bank in its 2012 Top 15th Percentile of Community Banks. The benchmark for this ranking includes institutions with assets between $100 million and $5 billion.
According to Seifried & Brew (S&B), to gain entry into this distinguished ranking Verity Bank demonstrated exemplary performance of balancing risk and reward based on the Bank’s S&B Total Risk/Return Composite Ranking. In a letter released to Verity Bank on April 15, 2013 S&B stated that they believe that the survival of community banking will depend not only on effectively managing the net interest margin, but specifically the control of net overhead, tax efficiency, and a properly structured investment portfolio. They further stated that conservative, traditional community banking is the strength to our country’s financial system.
John L. Lewis, CEO of Verity Bank, Inc., commented, “We are pleased to be awarded this distinction among our peers”. He further commented, “Our team works diligently every day to ensure that Verity Bank manages risk appropriately”.
Verity Bank is a well capitalized full service community bank that opened its first location in Winder Georgia in October of 2008. The second location of Verity Bank was opened in August of 2012 in Cornelia, Georgia. For further information regarding Verity Bank, please call (770) 867-3444 or visit www.veritybank.net.
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