Citywide Banks Named Forbes Best Bank for 2021
Citywide Banks through its parent company, Heartland Financial USA, Inc. (NASDAQ: HTLF), has been named a “Forbes Best Bank 2021.”
In its annual review of the largest publicly traded banks and thrifts, Forbes ranked Heartland 52nd among a nationwide group of 100 leading banking organizations with assets ranging from $9 billion to over $2 trillion.
“We are proud to be named among the Best Banks in America for 2021,” said Joanne Sherwood, President and CEO at Citywide Banks. “As a community bank, what sets us apart is our strong commitment to our customers, combined with access to ‘big-bank’ products and services as part of Heartland.”
“The Forbes ranking underscores the benefits of our unique structure—the strength and capabilities of a big bank, combined with the personal touch and local decision-making of a community bank,” Sherwood said. Citywide Banks offers full-service branches where experts can meet all financial needs throughout the community.
To compile the rankings, Forbes used data collected by SNL Financial through the third quarter of 2020 on the country’s largest publicly traded banks and thrifts. The data covered 10 metrics of financial health: return on average equity; net interest margin; nonperforming loans (NPLs) as a percentage of loans; nonperforming assets as percentage of assets; reserves as a percentage of NPLs; two capital ratios (Tier 1 and risk-based); and leverage ratio. Forbes generated its ranking based on an average of the individual ranks of each metric.
About Citywide Banks
Citywide Banks, is a subsidiary of Heartland Financial USA, Inc. (NASDAQ: HTLF). Citywide Banks is a state-chartered, community-invested bank with assets of approximately $2.6 billion and banking centers located across Colorado's Front Range, Foothills and Mountain communities. Citywide Banks is committed to delivering responsive service, local expertise, and comprehensive financial tools for Colorado businesses and families. For more than 60 years, Citywide Banks has been dedicated to finding ways it can impact its local community and to move Colorado forward. Visit www.citywidebanks.com to learn more. Citywide Banks is a member FDIC and an Equal Housing Lender.
About Heartland Financial USA, Inc.
Heartland Financial USA, Inc. is a $17.9 billion diversified financial services company providing commercial and retail banking, residential mortgage, wealth management, investment services and insurance services. Heartland currently has more than 130 banking locations in more than 100 communities in Arizona, California, Colorado, Illinois, Iowa, Kansas, Minnesota, Missouri, Montana, New Mexico, Texas and Wisconsin. Additional information about Heartland Financial USA, Inc. is available at www.htlf.com.