First Resource Bancorp Ranks Among Top-Performing Community Banks

First Resource Bancorp, Inc

EXTON, PAFirst Resource Bancorp, Inc. (OTCQX: FRSB) has earned a spot on American Banker’s list of top-performing community banks for the third consecutive year. This recognition highlights the bank’s financial strength and strategic execution in a challenging interest rate environment.

The annual list is compiled by Capital Performance Group and ranks publicly traded community banks with assets under $2 billion. Institutions are evaluated based on their three-year return on average equity. Despite industry consolidations narrowing the list from 200 to 100 institutions, First Resource Bank stood out among its peers.

American Banker’s top 100 community banks boasted a median return on average equity just shy of 15%, compared to less than 11% for all publicly traded banks in this asset class. This distinction underscores the financial robustness of the selected banks.

“We are incredibly proud to be included in American Banker’s top 100 list,” said Lauren Ranalli, President and CEO of First Resource Bank. “This recognition reflects our unwavering commitment to our clients and our dedication to maintaining financial excellence in a competitive landscape. We are delighted to see our hard work and strategic initiatives paying off.”

First Resource Bank’s consistent performance and strategic initiatives have positioned it as a leader among community banks. The accolade from American Banker affirms its ongoing commitment to delivering value to its shareholders and clients.

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