Jonestown Bank & Trust Co. (JBT) earned the 177th spot
in the 2017 list of Top 200 Community
Banks and Thrifts, as ranked nationally by American Banker magazine. JBT ranked 20th among 23 Pennsylvania-based banks listed,
and is the only community bank based in Lebanon, Lancaster, Berks and Schuylkill
Counties appearing on the list. A total of 669 community banks and thrifts nationwide
were qualified to be evaluated by three-year average Return On Average Equity
(ROAE) through 12/31/2016, and rankings were based on an analysis of data compiled by SNL Financial. JBT had an average of 9.1% to earn
its place on the list for the 9th consecutive year. The median for all
669 institutions was 7.35%.
Troy Peters, President and CEO, stated, “We are honored to
be listed among the Top 200 Community Banks and Thrifts in the nation for nine consecutive
years. We work to ensure that our clients can always Bank on a Smile®.
Additionally, JBT recently surpassed the $500 million mark in total assets. This
is a noteworthy milestone for our 144-year-old independent community bank.”
For additional
information, please contact Jennifer Crain, JBT Marketing Officer, at (717)
450-1222. Founded in 1873, JBT currently has assets of
$521 million, and operates 12 local offices serving customers in
Lebanon, Lancaster and surrounding areas. The bank’s 13th location is scheduled
to open this June at Penn Towne Center in Manheim. Member FDIC. Equal Housing
Lender.
