Top Performers - Part 2: Banks and thrifts with assets under $3 billion 2006 New crop at the top

摘要

Slow and steady may still win in the long term, but in the annual bank performance race, the results increasingly depend on transactions. That shift represents the changing nature of banking, where acquisitions, divestitures and other one-time events have become much more common, even among the community bank segment. A quick glance at the three large tables of top 50 banks accompanying this article shows an unusual amount of movement. Of 150 banks, no fewer than 79 are new to the lists this year. The prize for single biggest leap goes to Central Federal Savings and Loan, Cicero, Ill., which shot from number 2,976 to number 11 among non S-corp banks and thrifts between $100 million and $3 billion, thanks to a $6.9 million gain on sales of securities.