(ROCKWALL, TX – April 9, 2015) For the second year in a row, Raymond James has named MidSouth Bank one of the top community banks in the country.
The financial services company announced in late March that MidSouth Bancorp, Inc., parent company of MidSouth Bank, is among 31 community banks in the country to receive its prestigious Community Bankers Cup award for 2014.
The recognition ranks MidSouth Bank among the top 10 percent of the nation’s publicly traded banks with assets of between $500 million and $10 billion.
In developing the list, Raymond James examined 306 banks and identified 31 to receive its Community Bankers Cup based on six financial performance and stability measures, including nonperforming assets to loans and real estate owned, five-year average core deposit percentage, net interest margin, efficiency ratio, return on average assets and return on average tangible common equity.
The Lafayette-based bank, which had $1.9 billion in assets as of Dec. 31, ranked No. 12 overall, and was one of only three Southwest banks to make the list.
“To be named to this list two years in a row is a testament to our strength and stability as a community bank with deep local roots and a strong commitment to our customers and communities,” MidSouth Bank President and CEO Rusty Cloutier said in announcing the award.
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