BUSINESS BREIFS • First Bank Corps Earns Top Ranking
DNR 8/9/18
ABINGDON — First Bancorp Inc., parent holding company of First Bank & Trust Co., has again been ranked among top performing banks.
Sandler O’Neill + Partners, a New York based firm, provided the scorecard using data from S& P Global Market Intelligence, according to a First Bancorp statement released Tuesday. As in previous studies, the scorecard divided banks into three asset categories: $50 billion and above, $5 billion to $50 billion and $1 billion to $5 billion, the statement said.
First Bancorp is ranked among the top banks in Virginia and 14th-highest performing bank in the United States. First Bancorp also ranked eighth among all banks in the nation with assets between $1 billion and $5 billion, according to the release.
First Bank & Trust has locations in southwest Virginia, northeast Tennessee and New River and Shenandoah valleys, including branches in Harrisonburg and Bridgewater.
— Staff Reports