GENEVA — USNY Bank, which operates Bank of the Finger Lakes and Bank of Cooperstown, announced it was recently ranked as one of the top 100 U.S. community banks with assets under $1 billion by S&P Global Market Intelligence (formerly SNL Financial).
The rankings were based on various measures of 2016 financial performance for all banks with total assets below $1 billion. USNY Bank was ranked 60th out of the 4,585 eligible banks nationwide, the bank said.
USNY Bank, with $311 million in total assets, generated 22.3 percent loan growth, which was above the 19.2 percent median growth rate for the top 100 banks, according to the S&P Global Market Intelligence data.
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It was the only bank in upstate New York to make the top 100 list.
USNY Bank was established in 2007. Its Bank of the Finger Lakes unit has a branch in Geneva and recently announced it plans to open a new office in Penn Yan in early summer. Bank of Cooperstown has branches in both Cooperstown and Oneonta.
USNY Bank is a state-charted bank and the sole subsidiary of UpState New York Bancorp, Inc. It says it provides banking services to small and mid-sized businesses, agribusiness enterprises, and farming operations, as well as retail banking products to area consumers.
