Bank of Eastern Oregon among 200 top performing banks in nation

American Banker magazine has ranked four Oregon banks among the top 200 community banks in the country.

The magazine, a trade publication based in New York City, named Centerpointe Community Bank of Hood River, BEO Bancorp of Heppner, Siuslaw Financial Group of Florence and Corvallis-based Citizens Bancorp to the list based on average return of shareholder equity between 2010 and 2012. Banks with less than $2 billion in assets were eligible.

At 13.4% average return, Centerpointe ranked 27; with a 12.0% average return, BEO Bancorp ranked number 45; Siuslaw ranked number 88 at 9.9%. and Citizens ranked No. 199 at 7.9 percent.

“We are extremely pleased with the recognition in American Banker magazine. We find ourselves in the company of some of the best run and most admired banks in the nation.” said Jeff Bailey President and CEO of Bank of Eastern Oregon. “This is testimony to the dedication of our employees and the tremendous support of our customer base. We are proud of our track record serving eastern Oregon communities for over 68 years and are delighted to be the only bank in eastern Oregon that can make the claim of being in the top 200 community banks in the country,” concluded Bailey.

American Banker's full list of the top 200 community banks can be found here.