The Bank of Tampa Named S&P Global Top 50 Community Bank
April 5, 2023
TAMPA, Fla., April 5, 2023 – The Bank of Tampa today announced it has been named a top-50 bank in the S&P Global Market Intelligence’s Top 50 Community Banks in the U.S. with assets of $3-10 billion. The rankings assess the performance of community banks, based on returns, growth, and efficiency, while placing a premium on the strength and risk profile of balance sheets.
“We are honored to be named a Top-50 community bank,” said Corey Neil, president and chief executive officer at The Bank of Tampa. “Our performance is a result of our dedication to building long-term relationships throughout the communities we serve. We pride ourselves in truly knowing our clients and the markets we serve. And we closely manage our balance sheet to ensure it is strong through various business cycles while maintaining our history of having a stable deposit base.”
In addition to being ranked in the top 50, The Bank of Tampa was the only bank headquartered in the state of Florida to make the list in the $3-10 billion in assets category.
To compile this ranking, S&P Global Market Intelligence calculated scores based on seven metrics: pretax return on tangible common equity; efficiency ratio; cost of funds; five-year average operating revenue growth; five-year average net charge-offs to average loans and leases ratio; nonperforming assets and loans 90 days or more past due as a percentage of total assets; and leverage ratio.
For a complete list of the S&P Global Market Intelligence’s Top 50 Community Banks $3-10 Billion, click here.
About The Bank of Tampa
The Bank of Tampa is one of the largest community banks in the Tampa Bay area. It has been privately held by its employees, directors and clients since the bank’s inception in 1984. It has offices in Hillsborough, Pinellas, Sarasota, and Manatee counties, as well as a loan production office in Pasco County. The Bank of Tampa’s assets total more than $3.1 billion, with outstanding loans greater than $1.5 billion. Its wealth management practice has more than $1.2 billion total assets under care. To learn more, visit www.thebankoftampa.com, or follow us on Facebook, Instagram, LinkedIn and Twitter.
Marketing Communications Manager