Recognition & Ratings
Ruby Valley National Bank Receives Outstanding Rating
Februay 26, 2008
Ruby Valley National Bank has received notification from the Office of the Comptroller of the Currency of an outstanding performance rating on the Community Reinvestment Act. The outstanding rating was awarded after the Comptroller's evaluation of RVNB's record of 'meeting the credit needs of its entire community, including low-and moderate-income neighborhoods consistent with safe and sound operation of the institution.'
An outstanding performance rating indicates an excellent distribution of loans among small farms and small businesses and to borrowers of different income levels. In addition, this independent evaluation reflects a strong responsiveness to community credit needs and is substantially higher than similarly situated banks. We are proud to serve our communities and are committed to keeping our businesses in business!
Independant Community Bankers Association Top Performing Banks
Every year, as part of its annual performance ranking of ICBA (Independent Community Bankers of America) members, Independent Banker pulls year-end Call Report data from the FDIC to identify the top 20 best performing community banks.
In researching the industry's top performers, banks were grouped by their Subchapter C or Subchapter S corporation filing status, then further separated into five different categories, according to asset size:
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Banks with less that $50 million in assets;
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Banks with assets between $50 million and $150 million;
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Banks with assets between $150 million and $300 million;
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Banks with assets between $300 million and $1 billion; and
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Banks with more that $1 billion in assets.
Ruby Valley National Bank is proud to rank as one of the ICBA's Best Performers for 2008. These rankings demonstrate sound management and financial stability for your investments. Read the article click here.
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