First Bank of Owasso Named Top-Performing Community Bank
Owasso, OK - First Bank of Owasso was recently named one of the top-performing banks in the United States. According to a study conducted by S&P Global Market Intelligence, First Bank of Owasso ranked second out of 4,383 U.S. banks and thrifts with less than $1 billion in assets. First Bank of Owasso has seen substantial growth in recent years. Remarking on this growth, President & CEO, Dee Sokolosky added,
"Referrals from existing clients resulted in net-loan growth of $68 million in 2017, including closed loans in Hartford, Nashville, Chicago, and Las Vegas."
First Bank of Owasso's ascent in the rankings results from its increased loan portfolio, coupled with zero loan losses and zero non-performing loans in 2017. First Bank of Owasso performed higher than the top-100 median community banks in five of the six metrics used in determining the rankings. Arizona's Metro Phoenix Bank was the only bank which ranked higher than First Bank of Owasso in 2017.
Founded in 1962, First Bank of Owasso serves both individuals and businesses in the Tulsa metropolitan area and specializes in serving churches across the country. First Bank of Owasso serves clients in over 40 states and has assets of over $360 million.
Based on S&P Global Market Intelligence 100 Best Performing Community Banks 2017 with asset size under $1 billion.
Each of the 4,383 eligible banks and thrifts were ranked using six core financial performance metrics that focus on profitability, asset quality and growth for the 12-month period ending Dec. 31, 2017.