Blog with a Neighbor

S&P Global Market Intelligence, a world-renowned financial information and analytics company, recently released a report of the 50 Best Performing Banks of 2022 in the Southeast under 10B in assets. First Metro Bank, the community bank based in Muscle Shoals, was ranked 15. First Metro Bank was the only bank in North Alabama to be featured in the report. 

“An accolade of this caliber that analyzes our performance and state rankings is one of the greatest honors First Metro Bank has received, solidifying our distinction as one of the strongest banks in the Southeast,” says Rodney Howard, President & CEO. “This would not have been possible without the soundness and wisdom of our Board of Directors, the hard work and dedication of our employees, and the patronage and loyalty of our customers.” 

S&P Global Market Intelligence launched the first rankings report in 2011 to assess the performance of community banks and credit unions. The division ranks institutions based on returns, growth, and efficiency but places a premium on balance sheet strength and risk profile.

First Metro Bank was founded in 1988, operating in a mobile unit on Avalon Avenue in Muscle Shoals with nine employees. Thirty-five years later, the bank employs 144 people in North Alabama with eleven locations throughout Colbert, Franklin, Lauderdale, and Limestone Counties. 

To view the full report of the Best Performing Community Banks in the Southeast under 10B in assets, click here.