Malvern, Pa. (June 16, 2022) – Meridian Corporation announced that it has been named a top-performing publicly traded community bank by American Banker, a leading industry organization. Their list of the top 200 publicly traded community banks under $2 billion in assets ranked Meridian 13th in the United States, and first among banks headquartered in Pennsylvania, Delaware, New Jersey, and Maryland.
“[This list] is led by companies with strong profitability metrics, minimal credit losses and ample levels of low-cost deposits,” according to American Banker. The rankings were determined by three-year return on average equity (ROAE) between 2019 and 2021.
“Being recognized as one of the country’s highest performing community banks is a testament to the Meridian team’s commitment to providing best-in-class customer service to the businesses, retail customers and municipalities in our market,” said Meridian Chairman & CEO Chris Annas.