- By Sue Lason
- Business & Technology
To gain entry into the prestigious ranking, Tompkins Trust Company is said to have “demonstrated exemplary performance of balancing risk and reward, surviving and thriving” in challenging financial times.
Notification of the award was recently sent to Tompkins Trust President and CEO Gregory J. Hartz. In addition to inclusion on the list, the notification stated that the Trust Company is “further distinguished for setting the standard for excellence and raising the bar for community banks across the nation.”
For its 2010 list, Siefried & Brew ranked every community bank across the nation according to a risk index, which looks at capital risk, credit risk, earnings at risk, liquidity risk, and national/regional economic risk. The index balances each community bank’s risk ranking with their return on assets and return on equity.
Tompkins Trust Company’s corporate affiliate in western New York, The Bank of Castile, was also named to the 2010 list.
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