October 29, 2021 – Fenton, MI – Fentura Financial, Inc, parent company of The State Bank, Fenton, Michigan, announced that it has ranked in the American Banker Magazine’s “Top 200 Community Banks” list, as one of the top performing 40 community banks in the United States. The rankings and performance data was released in the May 2021 publication of American Banker Magazine.
S&P Global Marketing Intelligence reviewed a total of 479 publicly traded banks and thrifts with total assets of less than $2 billion as of Dec. 31, 2020, and that are publicly traded or report financials to the SEC. Rankings were based on return on average equity across three years. (Source: Capital Performance Group.)
“We are honored once again to be recognized as one of the American Banker Magazine’s top 200 community banks,” said Ron Justice, President & CEO of Fentura Financial, Inc. and The State Bank. “2020 and 2021 have been difficult years for many of our customers and to continue to be listed in the top 40 of the country is an indicator that community banking continues to be vital for the financial wellness of our local families, businesses and communities.”
About Fentura Financial and The State Bank – Fentura Financial is the holding company for The State Bank. It was formed in 1987 and is traded on the OTCQX exchange under the symbol FETM. The State Bank is a full-service, 5-star Bauer Financial-rated commercial, retail and trust bank, based in Fenton, MI. It has assets of $1.3 billion and currently operates 17 full-service offices in Genesee, Livingston, Oakland, Saginaw and Shiawassee counties. The State Bank believes in the potential of banking to help create better lives, better businesses, and better communities, and works to achieve this through its full array of consumer, mortgage, SBA lending, commercial and wealth management banking and advisory services, together with philanthropic and volunteer support to organizations and groups within the communities it serves.
Whether you’re looking for a home equity line of credit (HELOC), or a fixed-rate loan, The State Bank will guide you through the decision making process to ensure that using your home’s equity is the right choice for you.
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