USNY Bank makes SNL list of top 100 best-performing community banks of 2016

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.

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.