Jefferson Security Bank Named Top 200 Community Bank for Fourth Consecutive Year
Published: July 21, 2023
Shepherdstown, West Virginia – Jefferson Security Bank (OTC Pink: JFWV) is proud to announce that it has been named a Top 200 Community Bank by American Banker magazine for the fourth consecutive year. This award designates Jefferson Security Bank as one of the highest performing community banks in the nation.
In its June 12, 2023 article, American Banker ranked Jefferson Security Bank 98th on its Top 200 Community Banks list, surpassing the previous year ranking of 155. This ranking is based on a three-year average of each bank’s return on average equity from 2020 to 2022. During this time, Jefferson Security Bank’s return on average equity increased by 69%, from 9.67% in 2020 to 16.37% in 2022.
“We are incredibly honored to once again be recognized on this list of exceptional community banks by a highly respected industry publication,” said Cindy A. Kitner, CPA, President and Chief Executive Officer. “This recognition and improved ranking is a testament to our consistent financial performance and the talented team who work hard every day to serve our customers and communities.”
About Jefferson Security Bank
Jefferson Security Bank is an independent community bank evolving with the needs of the customers and the communities it serves. Serving individuals, businesses and community organizations, Jefferson Security Bank strives to support entrepreneurial efforts within its target markets. Delivering long-term value to its shareholders is at the core of the organization’s culture. Jefferson Security Bank is a West Virginia state-chartered bank that was formed and opened for business on May 19, 1869, making it the oldest bank in West Virginia. The bank provides general banking services in Berkeley County and Jefferson County, West Virginia, and Washington County, Maryland. Visit www.JSB.bank for more information.
This press release may contain forward-looking statements, as defined by federal securities laws, which may involve significant risks and uncertainties. The statements are based on estimates and assumptions made by management in conjunction with other factors deemed appropriate under the circumstances. Actual results could differ materially from current projections.
105 East Washington Street, Shepherdstown, WV (304-876-9000)
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