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Andover Bank named a Top 200 Publicly-Traded Community Bank

Andover Bank named a Top 200 Publicly-Traded Community Bank

Friday, June 24, 2022/Categories: Bank News

Andover Bank has made American Banker’s 2022 rankings as one of the top 200 publicly-traded community banks in the nation. This is the fifth time that Andover Bank has earned this distinction. 

The annual ranking includes publicly traded banks and thrifts with less than $2 billion in assets. The top 200 institutions were ranked by return on average equity across the last three years. Andover Bank’s average three-year return on average equity was 9.86%.

Stephen E. Varckette, President and CEO of Andover Bank, stated, “This is the fifth time in six years that American Banker has recognized the Bank as one of the top 200 publicly traded banks in the country. I am so proud of our employees and management team who have worked tirelessly to make a meaningful impact in the communities we serve.”

Andover Bank has been serving the needs of businesses, families and individuals for over 138 years. Most recently, the bank opened its first loan production office in Stow, Ohio. 

The Bank continues to execute on its long-term strategy for growth and is committed to being the preeminent independent community financial institution in the markets it serves.