Vermont Business Magazine Ledyard Financial Group, Inc (ticker symbol LFGP), the holding company for Ledyard National Bank with a branch in Vermont, was ranked among the Top 200 publicly traded banks and thrifts under $2 billion in assets in the United States by American Banker Magazine for the ninth consecutive year. The rankings are based on three-year return on average equity (ROAE) for 2020 to 2022. Ledyard Financial Group was selected with a three-year average ROAE of 11.81%.
“The nation’s most financially successful small banks entered the year with exceptionally strong credit foundations and stellar profitability metrics that could position them well to navigate headwinds.” states Jim Dobbs, Deputy Editor, American Banker.
Josephine Moran, President and CEO of Ledyard Financial Group, Inc. stated, “Ledyard is honored to once again be recognized on this exceptional list of community banks by American Banker Magazine. This year, we are incredibly proud of the ways in which our bankers have responded to the significant challenges experienced across the banking industry. Relying on strong teamwork and collaboration across all our divisions, we utilized our human and technological capabilities to ensure that we delivered superior banking experiences to our clients and partners. This recognition from American Banker is a true testament to our knowledge, skillsets and abilities to provide guidance when it matters most.”
Ledyard Financial Group, Inc., with headquarters in Hanover, New Hampshire, is the holding company for Ledyard National Bank. Ledyard National Bank, founded in 1991, is a full-service community bank offering a broad range of banking, investment, tax and wealth management services.
Ledyard Financial Group, Inc. shares are traded on the OTCQX® Market through SEC regulated OTC Link® ATS under the trading symbol LFGP. Shares may be traded through an individual’s broker. For more information, please refer to the Investor Relations section of the bank’s website at www.ledyard.bank or contact the bank’s Chief Financial Officer, Peter Sprudzs.
Source: Hanover, NH: June 2023 - Ledyard Financial Group, Inc
