Banks Street Partners includes three Bham banks in state top 10 Jun 5, 2015, 2:36pm CDT Updated Jun 5, 2015, 3:34pm CDT Michael Seale Birmingham Business Journal According to a Rank the Bank report from Banks Street Partners, an investment bank based in Atlanta, three Birmingham banks rank among the top 10 in the state in overall performance. First Partners Bank ranked third, while Oakworth Capital Bank and ServisFirst Bank ranked seventh and eighth, respectively. The data used to rank the banks was based on the first quarter data from 2015. Cheaha Bank, based in Oxford, ranked first. Regions Bank, Birmingham's largest bank, ranked 34th. This report takes five different metrics and equally weighs each metric and then provides a state-by-state ranking of the Top 50 banks per state for Q1, 2015. The five metrics used to measure each bank are net interest margin, non-Interest income, overhead, asset quality and return on average equity. First Partners CEO Elam Holley said he credits his bank's high ranking to its core principles. "Traditional banking principles continue to be important to our success," Holley said. "Including credit quality and cost controls. We believe in partnership banking. This belief is at the core of everything we do. Our customer’s success is our success. You succeed, we succeed." Many of the city's most successful banks, including Oakworth Capital and ServisFirst, have attributed their success to personal service and value in relationships.
© Copyright 2019