SOLVAY, N.Y. — American Banker — a publication and news organization focusing on the banking industry — has recognized Solvay Bank Corp. (OTC: SOBS) on its annual list of the “Top 200 Publicly Traded Community Banks and Thrifts.”
Solvay Bank ranked number 126 and was the only financial institution headquartered in Central New York to make the list, according to a Solvay Bank news release.
American Banker looks at publicly traded banks and thrifts with less than $2 billion in assets and focuses on their three-year average return on equity. A total of 750 financial institutions across the country were considered for a spot on this list, which was in the publication’s May 2015 issue, the news release stated. The U.S. has more than 6,000 community banks, according to the Independent Community Bankers of America trade group.
Solvay Bank has nine branches in Solvay, Camillus, Cicero, DeWitt, Fairmount, Liverpool, North Syracuse, Westvale, and downtown Syracuse.
Contact The Business Journal News Network at news@cnybj.com
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