Business
DELHI BANK CORP. RANKED AMONG TOP 200 U.S. COMMUNITY BANKS
DELHI BANK CORP. RANKED AMONG TOP 200 U.S. COMMUNITY BANKS.
About this update from Delhi Bank Corp.
[{"type":"text","content":"DELHI BANK CORP. RANKED AMONG TOP 200 U.S. COMMUNITY BANKSDelhi, N, Y. July 26, 2010.Delhi Bank Corp. has been ranked among the top 200 community banks in the United States by U.S. Banker magazine. The data was based on the performance of almost 8,000 banks and thrift institutions around the nation with total assets less than $2 billion. The study was conducted by SNL Financial LC, a prominent industry analyst, on behalf of U.S. Banker magazine.The rankings were based on average 3 year returns on equity. Delhi Bank Corp. ranked 148 out of the overall 200 banks listed, with a 3 year average return on equity of 9.32%. The Delaware National Bank of Delhi is the wholly owned subsidiary of Delhi Bank Corp. Incorporated in 1839, The Delaware National Bank of Delhi is the 30th oldest bank in the country, and the 3rd oldest bank in the State of New York. “Given the recent turmoil in the financial industry and the uncertainty throughout our economy, this ranking is impressive. Underlying this achievement is the adherence to sound, conservative business practices overseen by an active Board of Directors and the ongoing efforts of a loyal and dedicated staff” stated Robert W. Armstrong, President and CEO of the bank. Delhi Bank Corp. is a New York Chartered bank holding company headquartered in Delhi, New York. As of June 30, 2010, Delhi Bank Corp. had assets of $191.5 million and stockholders’ equity of $20.0 million.CONTACT: Delhi Bank Corp. Robert W. Armstrong, President (607) 746-0700","length":1844,"tagName":"div"}]