American Banker Magazine, a valued resource for financial industry professionals, released its 2017 Ranking of Midtier banks, with Canandaigua National Bank & Trust prominently featured as a top-performing bank.
The list is comprised of 238 institutions nationwide, all falling within the $2 billion to $10 billion asset class. Canandaigua National Bank & Trust is ranked #27 in the United States and #1 in New York State with a 3 year average Return on Equity of 12.28% and a Core Deposit Growth of 14.83%.
Canandaigua National Bank & Trust Executive Vice-President and CFO, Lawrence Heilbronner-Kolthoff, commented “Ranked #1 in New York State and #27 in the US in Return on Equity reflects our 131 year commitment to our shareholders. They benefit from price appreciation and dividend strength, investing in a franchise encompassing the Greater Rochester region, where folks come to live, work, and play. Our prospects for the future are superb. Our long-tested, and highly successful strategy of providing comprehensive financial services to individuals, whether they are growing a family or growing a business is reflected in these financial figures.”
Founded in 1887, Canandaigua National Bank and Trust is the region’s only locally owned, full-service community bank, with 24 branches in Ontario and Monroe counties, as well as a Financial Services Center located in Bushnell’s Basin. Together they offer a full range of financial services for individuals, businesses, municipalities and not-for-profit organizations. For more information, visit www.cnbank.com.
