Introduction

73 5-Star Community Banks Add Branches in Q2

73 5-Star Community Banks Add Branches in Q2

The current environment has put a big damper on mergers and acquisitions and put cost-cutting measures on the front burner. And it comes as no surprise that some banks are taking the opportunity to shutter branches. 4-Star Park National Bank, Newark, OH, is one such bank. It reportedly expects to save $6.5 million a year by closing 21 of its 119 branch locations and converting three others to drive-thru only locations.

It may come as a surprise that while many banks are closing branches, others are opening new locations. According to the FDIC, 132 U.S. banks established at least one new branch during the second quarter of 2020. Not all are “true” full-service branches, (5-Star Bancorpsouth Bank, Tupelo, MS opened 15 new locations in the last three months, but the majority are solely for loan production.) Note, however, that neither Park National nor Bancorpsouth are “community banks”.

Over 100 new Community Bank locations were also opened and almost all are Full-Service Brick and Mortar branches. The 73 that are rated 5-Stars are listed below. We do have to include a disclaimer here, though. Even though the FDIC has its established date listed as second quarter, not all of these branches are actually open for business yet. 5-Star Neffs National Bank, Neffs, PA, for example, has the Grand Opening of its new Walnutport branch scheduled for July 24th; the FDIC established date is April 27th.

Regardless of the actual opening date, these community banks are exhibiting their confidence in the future and we wanted to share that positivity with you.

The 73 5-Star Community Banks with new brick and mortar branches are listed below (financial data as of March 31, 2020)

Consider Bauer's Hometown Bank Ratings Report for the Star-Rating and location of every bank operating in your county.

Cert.       # Entity Headquarter City ST Star Rating Total    Assets     ($ mils) Leverage CR Bauer’s Adjusted CR New Branch City ST Branch Established Date
8276 Alton Bank Alton MO 5-Stars $74.057 14.32% 12.93% Birch Tree MO 6/15/2020
22953 Amerant Bank N.A. Coral Gables FL 5-Stars $8,092.661 10.03% 9.67% Delray Beach FL 4/2/2020
18408 Bangor Savings Bank Bangor ME 5-Stars $4,886.593 9.15% 8.95% Bangor ME 5/20/2020
5304 Bank First N.A. Manitowoc WI 5-Stars $2,198.566 9.91% 9.48% Tomah WI 5/15/2020
8595 Bank of Bennington Bennington NE 5-Stars $140.750 12.44% 12.15% Lincoln NE 5/4/2020
15759 Bank of Burlington Burlington CO 5-Stars $65.702 14.43% 14.43% Cheyenne Wells CO 4/6/2020
58479 Bank of Central Florida Lakeland FL 5-Stars $595.981 8.66% 8.64% Plant City FL 6/1/2020
26403 Bank of Idaho Idaho Falls ID 5-Stars $420.664 12.32% 11.21% Nampa ID 5/11/2020
32779 Bank of Marin Corte Madera CA 5-Stars $2,697.701 10.94% 10.88% San Rafael CA 5/25/2020
58513 Bank of Princeton Princeton NJ 5-Stars $1,424.576 12.91% 12.75% Lakewood NJ 6/15/2020
57044 Bank of Southern California N.A. San Diego CA 5-Stars $852.052 12.49% 12.40% Rancho Santa Margarita CA 5/31/2020
8870 BankFirst Financial Services Macon MS 5-Stars $1,321.745 9.88% 9.15% Hattiesburg MS 5/6/2020
5903 BankPlus Belzoni MS 5-Stars $3,025.779 9.44% 8.94% Greenwood MS 4/1/2020
8035 Bath State Bank Bath IN 5-Stars $173.881 9.78% 9.45% Liberty IN 6/15/2020
57997 Bryant Bank Tuscaloosa AL 5-Stars $1,817.397 9.77% 9.52% Mobile AL 6/1/2020
17870 Cambridge Savings Bank Cambridge MA 5-Stars $4,461.515 9.72% 9.22% Melrose MA 6/1/2020
8152 Cambridge Trust Cambridge MA 5-Stars $2,852.610 9.01% 8.82% Wellesley MA 6/1/2020
6985 Canandaigua National Bank & Trust Canandaigua NY 5-Stars $3,149.346 9.48% 8.50% Brockport NY 5/11/2020
1014 ChoiceOne Bank Sparta MI 5-Stars $696.162 9.92% 9.42% Lapeer MI 5/16/2020
8200 Citizens Bank Minnesota New Ulm MN 5-Stars $435.858 10.12% 10.12% Watkins MN 4/17/2020
5840 Citizens Union Bank Shelbyville KY 5-Stars $880.169 11.36% 10.72% Owenton KY 4/3/2020
34403 Coastal Community Bank Everett WA 5-Stars $1,183.330 11.70% 11.68% Arlington WA 6/8/2020
28834 Columbia Bank Fair Lawn NJ 5-Stars $8,307.301 9.79% 9.68% Roselle NJ 4/1/2020
175 Commercial Bank Crawford GA 5-Stars $253.347 9.29% 9.21% Colbert GA 5/26/2020
10146 Commonwealth Bank & Trust Louisville KY 5-Stars $1,165.832 9.41% 9.24% Edgewood KY 5/18/2020
11595 Community First Bank Boscobel WI 5-Stars $441.704 10.80% 10.00% Prairie Du Chien WI 5/26/2020
32838 Community First Bank Inc. Walhalla SC 5-Stars $447.378 10.31% 10.02% Charlotte NC 4/8/2020
9536 Community State Bank Union Grove WI 5-Stars $414.746 9.57% 8.88% Kenosha WI 6/2/2020
26416 Community State Bank Canton OK 5-Stars $54.394 10.84% 10.19% Seiling OK 5/4/2020
14264 Cornhusker Bank Lincoln NE 5-Stars $632.404 9.13% 8.88% Omaha NE 5/18/2020
8888 Country Club Bank Kansas City MO 5-Stars $1,539.264 9.64% 9.19% Olathe KS 4/25/2020
57095 Dogwood State Bank Raleigh NC 5-Stars $394.884 21.28% 21.13% Charlotte NC 5/11/2020
12611 Evangeline Bank and Trust Ville Platte LA 5-Stars $604.620 18.98% 18.00% Lake Charles LA 4/30/2020
6947 Evans Bank N.A. Angola NY 5-Stars $1,508.276 9.81% 9.08% Fairport NY 5/1/2020
1843 Farmers and Merchants Bank Boswell IN 5-Stars $134.427 11.27% 11.17% Williamsport IN 4/28/2020
2429 Farmers Bank Windsor Virginia Windsor VA 5-Stars $487.732 10.31% 10.11% Virginia Beach VA 6/15/2020
4319 FCN Bank N.A. Brookville IN 5-Stars $477.422 10.75% 10.30% Lawrenceburg IN 5/18/2020
11868 Fidelity Deposit & Discount Dunmore PA 5-Stars $1,065.405 10.29% 9.97% Bangor PA 5/1/2020
7593 First Citizens Community Bank Mansfield PA 5-Stars $1,463.733 9.45% 8.62% Wilmington DE 4/17/2020
29845 First Federal Bank of the Midwest Youngstown OH 5-Stars $6,519.264 11.29% 10.72% Dublin OH 5/18/2020
26543 First National Bank Wichita Falls TX 5-Stars $581.455 9.77% 9.46% Chico TX 4/9/2020
5247 First National Bank Minnesota Saint Peter MN 5-Stars $223.654 9.56% 8.84% Belle Plaine MN 4/17/2020
28396 First Palmetto Bank Camden SC 5-Stars $718.274 11.10% 10.75% Columbia SC 6/1/2020
6085 First Premier Bank Sioux Falls SD 5-Stars $2,128.632 14.27% 14.00% Madison SD 5/26/2020
19163 First State Bank Wrens GA 5-Stars $165.166 8.89% 8.04% Harlem GA 6/22/2020
58113 Flagship Bank Clearwater FL 5-Stars $163.609 15.39% 15.18% Largo FL 4/30/2020
35276 Freedom Bank Cassville MO 5-Stars $313.211 9.90% 8.58% Monett MO 6/12/2020
9443 Heartland Bank Whitehall OH 5-Stars $1,171.589 11.03% 10.82% Fort Mitchell KY 4/8/2020
28765 Kearny Bank Fairfield NJ 5-Stars $6,751.704 11.92% 11.43% Brooklyn NY 5/6/2020
28765 Kearny Bank Fairfield NJ 5-Stars $6,751.704 11.92% 11.43% Staten Island NY 4/13/2020
20156 Kirkpatrick Bank Edmond OK 5-Stars $821.576 11.91% 11.73% Westcliffe CO 5/18/2020
20856 Liberty Bank and Trust New Orleans LA 5-Stars $624.159 9.06% 8.30% Louisville KY 4/22/2020
8866 Merchants Bank N.A. Winona MN 5-Stars $1,896.341 10.12% 9.22% Northfield MN 5/14/2020
35138 Millennium Bank Ooltewah TN 5-Stars $196.591 10.42% 9.79% Lake City FL 6/1/2020
14036 Missouri Bank Warrenton MO 5-Stars $227.351 12.01% 11.52% Sedalia MO 4/4/2020
34603 MVB Bank Inc Fairmont WV 5-Stars $2,092.598 9.83% 9.49% Barboursville WV 4/3/2020
7646 Neffs National Bank Neffs PA 5-Stars $379.423 18.76% 18.57% Walnutport PA 4/27/2020
28679 North Shore Bank FSB Brookfield WI 5-Stars $2,214.151 11.94% 11.69% Milwaukee WI 4/9/2020
32647 Northwest Bank Spencer IA 5-Stars $1,741.890 9.60% 9.27% Ankeny IA 6/1/2020
58115 Oakstar Bank Springfield MO 5-Stars $1,050.879 10.20% 9.67% Joplin MO 6/8/2020
58115 Oakstar Bank Springfield MO 5-Stars $1,050.879 10.20% 9.67% Overland Park KS 6/1/2020
21292 PeoplesSouth Bank Colquitt GA 5-Stars $804.664 9.33% 8.47% Phenix City AL 4/2/2020
14065 Pinnacle Bank Elberton GA 5-Stars $999.276 9.67% 9.53% Clarkesville GA 4/1/2020
58366 Reliant Bank Brentwood TN 5-Stars $2,170.602 10.58% 10.40% Clarksville TN 4/1/2020
4865 Sandy Spring Bank Olney MD 5-Stars $8,917.838 10.45% 9.92% Rockville MD 4/1/2020
9172 Security Bank and Trust Paris TN 5-Stars $502.487 9.07% 9.04% Milan TN 5/4/2020
19213 Security National Bank of Omaha Omaha NE 5-Stars $863.536 12.77% 12.50% W Des Moines IA 4/20/2020
10693 Simply Bank Spring City TN 5-Stars $366.380 9.41% 8.68% Decatur TN 6/1/2020
28332 Southern Bank Poplar Bluff MO 5-Stars $2,361.151 10.51% 9.94% Rolla MO 5/23/2020
13339 State Bank and Trust Defiance OH 5-Stars $1,082.283 11.35% 10.84% Edon OH 6/6/2020
58932 Texas Hill Country Bank Bandera TX 5-Stars $171.132 9.50% 9.50% Fredericksburg TX 6/8/2020
3337 Texas National Bank Mercedes TX 5-Stars $345.199 9.04% 8.52% San Juan TX 6/1/2020
34934 Union Bank Greenville NC 5-Stars $866.785 8.81% 8.74% Burlington NC 4/10/2020