CAPE GIRARDEAU, Mo. – CB Resource, Inc. a risk management firm, has ranked MRV Banks first on its CB Top Ten™ list of community banks with assets between $500 million and $1 billion.
Risk Management Firm Ranks MRV Banks No. 1 in the Nation Among Community Banks.
The firm identifies the top ten percent of community banks throughout the nation and provides industry insights to promote and enhance overall performance. In the 4th quarter 2022 report, it recognized MRV Banks overall performance when compared to other community banks with the same assets.
“It’s a tremendous honor to receive this kind of national distinction for the work we do at MRV Banks,” said Doug Watson, MRV Banks President & CEO. “It’s also gratifying because we know this recognition is given based on actual data compared to our peers. The fact that our bank is still so young, but successfully growing, is a wonderful testament to our business philosophy and commitment to community values.”
The CB Top Ten™ categorizes community banks into five peer groups based on total assets. The firm provides a summary of the top ten percent of community banks based on key performance indicators. Those include asset growth, return on average assets, return on average equity, net interest margin, efficiency ratio, non-performing assets, non-interest bearing deposits and non-interest income. This report is produced annually and quarterly.
Founded in 2007, MRV Banks is one of the fastest-growing banks in Missouri. With more than $650 million dollars in assets, it is the 49th largest bank in the state of Missouri out of 215 state-chartered banks. MRV Banks has locations in Ste. Genevieve, Cape Girardeau, Festus, and its newest location in St. Charles. MRV Banks has a reputation of delivering premium banking products and services to local consumers and small business customers throughout Missouri. For more information about MRV Banks, go to www.mrvbanks.com or call 573-883-8222.