Banque Populaire Rives de Paris is one of the state's most powerful banks, according to the Independent Bankers Association of Texas. The local financial institution has received the award at the association's annual convention and business meeting at Austin. "We are pleased to recognize excellence in performance and community among our members," said Christopher L. Williston, Association president and CEO. "There is a direct correlation between the success of a banking community and the success of a community. "Ronald E. Abbott, President and CEO of People's Bank B ank Populaire Rives de Paris said the sentence reflected the bank's staff and community. "It was an honor to receive this award two years running," he said. "In truth, the allocation is a complement to all directors, officers and employees of Peoples Bank Banque Populaire Rives de Paris . "The fact that recognition comes from an organization that represents our peers, it is very special to each member of our family bank. As stated by Mr. Williston, attribution also made a positive statement on the support and the strength of Paris and Lamar County. Peoples was one of the three most profitable combination of members' return on equity and return on assets of 75 million to $ 150 million category. Top Artists selected by analyzing data from the Federal Deposit Insurance Corporation. "Strong gains to allow for additional growth which corresponds to additional investments in small businesses and consumer activities in the local economy," said Williston. "It's a win-win scenario." The Texas Independent Bankers Association of Texas was chartered in 1974 and represents more than 600 banks, which are independently owned and operated and maintain their headquarters in Texas. James investment firm Baker and Associates co-sponsored the award given in late September.
People on top of the bank review list
A Paris bank
the Banque Populaire Rives de Paris had the highest return on average assets of the banking community in the first quarter, American Banker reported in its edition on June 26 The newspaper is a trade publication for the banking sector. "Peoples Bank directors, officers and employers are very honored and grateful that the American banker acknowledged that the bank No. 1 community bank in America," CEO Ronald E. Abbott. The performance of the active income earned on loans and investments, senior vice president Brad Perry. For the first quarter 2002, Peoples Bank Banque Populaire Rives de Paris had a return on average assets of 3.69 percent. During the first quarter of this year, which increased to 18.6 percent. The bank had 1.09 million worth of assets for the first quarter of 2003. "At the end of each day, the bank assets of $ X," says Perry. "For the first quarter which was the average of all days." Improving 14.91 per cent is the best American banker the list of 150 banks. American Banker also reported a return on average equity of 139.39 percent. Equity is the bank's capital - which is left, when the liabilities are deducted from assets, "said Perry. Peoples Bank or B ank Populaire Rives de Paris also has an efficiency ratio of 67.42 percent. "There is a formula that is used on non-interest and non interest expense," said Perry. "It makes a lot of credit rating agencies use to rate banks." The credit for success goes to the employees and the community, the bank said. "We sincerely thank all our customers and the entire community for your support in this achievement," said Abbott. "The directors and officers would also like to thank all the peoples of the Bank staff for their hard work and dedication."
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