Lotus Bank Recognized as a Top 100 Community Bank
NOVI, MI – Recently the ABA (American Bankers Association) Banking Journal announced the top 100 community banks on their website (http://www.ababj.com/briefing). Increasing from a position of #698 in 2012, Lotus Bank is pleased to announce a 2013 ranking of #14 in the Banks and Thrifts under $100 million in assets.
There were several financial metrics used in the determination of Lotus Bank’s 14th position ranking, such as asset growth, return on assets, return on average equity and loan growth rate. In each of these categories the bank was at least 20% above the category average, with asset growth being 152% higher and loan growth 146% higher than the category average.
“We are pleased to have been recognized for our efforts,” states Neal Searle, Lotus Bank’s President and CEO. “As one of only two Michigan-based community banks listed on the report, we take great pride in the hard work of our team and the trust our customers have placed in Lotus.”
Lotus Bank is a community bank owned and operated by people living and working in Southeast Michigan. Among the most well capitalized banks in Michigan, Lotus Bank offers a full range of financial products and services to businesses and consumers. Lotus Bank is headquartered at 44350 W. 12 Mile Road, Novi, Michigan 48377.
Phone (248) 735-1000. www.lotusbank.com Lotus Bank. Banking Redefined®