August, 2006
Birmingham, AL – It was a very good year for Alamerica Bank, according to the
Independent Community Bankers of America. The ICBA has released it Community Bank Top Earners for
2005 and Alamerica Bank is 15th on the Association’s list of top ROA, Return on Assets, Subchapter S
banks.
“Alamerica Bank is honored to be recognized as one of the top
performing banks in the United States. A concerned staff providing customized, personal service to
excellent business and professional customers achieves these results, said Lawrence R. Tate,
President and CEO of Alamerica Bank.
As part of its annual year-end ranking
of ICBA members, Independent Banker analyzed report data from the FDIC to identify the top community
bank ROA and ROE ratings for 2005. The members were grouped by their Subchapter S and Subchapter C
filing status then further separated into five different asset-size categories. Alamerica Bank has a
ROA of 2.66 among Subchapter S banks with $50 million -- $100 million in assets.
Donald V. Watkins, Chairman of the Board of Directors, sees this as one of many achievements of
Alamerica Bank. “Since the Bank’s doors opened in 2000, the Board has been impressed by the many
milestones achieved by Alamerica Bank. This is another example of the type of reports we are
accustomed to receiving on a regular bases,” Watkins said. “It is obvious that the Bank works hard
to produce sound business banking without compromising customer service,” Watkins added.
Tate said Alamerica became profitable after the bank’s fifth month of operations, and has sustained
its profitability since that time. Tate attributes the bank’s early and consistent profitability to
the high quality of Alamerica’s customer base and the excellent customer service provided by the
Bank. “We attract bright and successful professionals and leading-edge business customers,” noted
Tate..
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