MRV Banks Ranked No. 3 in Nation Among Community Banks for 4th Quarter 2023 by Leading Risk Management Firm
CB Resource, Inc., a distinguished risk management firm, has once again recognized MRV Banks as a top performer, ranking it third on its prestigious CB Top Ten™ list of community banks for the 4th Quarter of 2023. This acknowledgment underscores MRV Banks' consistent commitment to excellence and growth within the banking sector.
CB Resource, Inc. identifies the top ten percent of community banks nationwide and provides invaluable industry insights to enhance overall performance. In its latest report for the 4th Quarter of 2023, MRV Banks stood out for its exemplary performance compared to other community banks with assets ranging from $500 million to $1 billion.
"We are deeply honored to receive this recognition for the third consecutive quarter, a testament to our unwavering dedication to excellence and innovation," said Doug Watson, President & CEO of MRV Banks. "This achievement further validates our commitment to setting and surpassing industry standards. We celebrate this milestone and remain committed to delivering exceptional service and value to our customers and communities."
The CB Top Ten™ categorizes community banks into five peer groups based on total assets and evaluates them on key performance indicators such as 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 comprehensive report, produced annually and quarterly, serves as a benchmarking tool for community banks nationwide.
Founded in 2007, MRV Banks is one of the fastest-growing banks in Missouri. With more than $700 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.
