Provincetown, MA, July 9, 2024 — Seamen’s Bank has been named one of the top 20 Mortgage & Consumer lenders in the category of $300M – $1B in assets in the July issue of Independent Banker, the award-winning magazine of the Independent Community Bankers of America® (ICBA) and the number-one source for community banking news.
“Community banks are pillars of their communities and work hard every day to serve the unique needs of their local customers,” ICBA President and CEO Rebeca Romero Rainey said. “These top lenders should take pride in this recognition, knowing that their work makes a positive impact in helping their communities flourish.”
The July issue of Independent Banker highlights how these top agriculture, commercial, and consumer & mortgage loan producers are navigating the evolving economic environment while meeting the needs of their customers. This year’s standout performers have demonstrated remarkable flexibility and ingenuity while maintaining strong community ties that have contributed to their success and strong, prosperous communities.
“We appreciate this recognition by ICBA Independent Banker, which acknowledges the value of relationship banking and is a testament to the faith of our customers and the hard work and dedication of our talented employees,” said Lori Meads, President & CEO. “We’re proud to make a difference in the Consumer & Mortgage industry and look forward to exceeding expectations for our customers.”
Using FDIC data for 2023, Independent Banker calculated a lender score out of 100 for each community bank. The score combines the average of the bank’s percentile rank for lending concentration and loan growth in each lending category over the past year, adjusted for loan charge-offs at certain percentile thresholds.
About Seamen’s Bank • Seamen’s Bank, with 5 branches and $500 million in assets, strives to be the leading community bank on the Lower & Outer Cape by providing quality financial products, exceptional service, and a steadfast commitment to supporting their communities from Provincetown to Dennis. They continue to be a mutually owned bank striving to be the quintessential community institution. Their employees support the community through active participation in community events, membership on the boards of local non-profit institutions, and participation in local government.
About ICBA • The Independent Community Bankers of America® has one mission: to create and promote an environment where community banks flourish. We power the potential of the nation’s community banks through effective advocacy, education, and innovation.
As local and trusted sources of credit, America’s community banks leverage their relationship-based business model and innovative offerings to channel deposits into the neighborhoods they serve, creating jobs, fostering economic prosperity, and fueling their customers’ financial goals and dreams. For more information, visit ICBA’s website at icba.org.
