RBAZ Only Arizona Bank Named to ICBA’s Top Lenders List
07/19/23
July 19, 2023
Republic Bank of Arizona was named as one of the nation’s top 10 commercial lenders in the less than $300M in assets category in this month’s issue of Independent Banker, the award-winning magazine of the Independent Community Bankers of America (ICBA).
“Community banks are pillars of their communities and work hard every day to serve the unique needs of their local customers,” ICBA President and CEO Rebeca Romero Rainey said. “These Top Lenders have combined ingenuity with the hallmarks that make community banking so special. They should take pride in this recognition, knowing that their work makes a positive impact in helping their communities flourish.”
Republic Bank of Arizona landed at number 9 with a 91.2 commercial lender score, and we are the ONLY Arizona bank to be listed in the top 20 in any of the categories listed.
The July issue of Independent Banker features how these top lenders are navigating the evolving economic environment while meeting the needs of their customers. To stay ahead of the game, community banks across all three categories adopted various strategies, including embracing digital transformation, developing new products and services, and investing in cutting-edge technologies.
“We’re thrilled that our commitment to the customers and communities we serve has been recognized by ICBA Independent Banker,” said Brian Ruisinger, Republic Bank of Arizona President and CEO. “As the only Arizona bank recognized by the ICBA, we’re proud to make a difference in the local commercial industry and look forward to exceeding expectations for our customers.”
Using FDIC data for 2022, Independent Banker calculated a lender score out of 100 for each community bank. The score combines the average of the bank’s percentile rank for lending concentration and for loan growth in each lending category over the past year. Independent Banker then adjusted each score for loan charge-offs in each category at certain percentile thresholds.