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Local - How Far Money can Go

Michigan Bank Ranks in Top 200 Nationwide

23-Aug-2011

Michigan Bankers AssociationLANSING – The Michigan Bankers Association (MBA) today announced the designation of West Shore Bank Corp. in Ludington among the top 200 community banks nationwide as determined by U.S. Banker magazine. West Shore Bank’s eight locations serve Mason, Oceana and Manistee Counties.

“We’re proud of the part we play in our community,” said Ray Biggs, West Shore Bank president and CEO. “West Shore Bank is committed to fulfilling not only personal and business financial needs, but we are dedicated to playing a key role in the health and welfare of our local communities."

The national banking publication U.S. Banker reports the annual performance ranking of the top 200 publicly traded community banks based on a three-year average return on equity.

“Community banks are facing the ongoing economic pressures of a slowly recovering Michigan economy and bank performance across the country continues to reflect similar stress,” said Dennis Koons, MBA president and CEO. “It is encouraging to see Michigan banks in the ranks of those most successful across the nation. Our banks remain well managed and have the potential to come out stronger than ever meeting the lending needs in their communities.

The Michigan Bankers Association (MBA), the voice of the banking industry since 1887, is comprised of Michigan financial institutions with more than 3,500 branches located throughout the state. The MBA promotes strong communities and economic activity in Michigan by advancing a positive business environment.

For Additional Information:
Michigan Bankers Association
Gail Madziar
(517) 342-9069


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