Pottstown: Meridian Named Top Performing Bank

Press release from TriCounty Area Chamber of Commerce:

Oct. 16, 2020

Malvern, Pa. (October 16, 2020) – (MRBK) Meridian Bank announced it has earned a spot on Piper Sandler’s annual list of top performing U.S. small-cap banks and thrifts, also known as the Sm-All Stars.

Piper Sandler, a leading middle-market investment bank and institutional securities firm, publishes this list annually in order to “uncover the next crop of stellar mid-cap banks before they are discovered by the rest of the world,” according to the report.

To earn Sm-All Star status, companies needed to have a market cap below $2.5 billion, and needed to out-perform industry medians in the following metrics: Earnings per share (EPS) growth, loan growth, deposit growth, and return on average equity (ROAE).

Meridian ranked second on the Sm-All Stars List in EPS growth at 66%, compared to the national median of -8.6%. Meridian also ranked second on the list in loan growth with 42.7%, compared to the national median of 14%.

“Our inclusion on this distinguished list is a reflection of the effort and commitment of the entire Meridian team,” said Chris Annas, CEO of Meridian Bank. “I’m proud of our people and the high-performance culture we’ve cultivated, and look forward to building this franchise together.”

About Meridian Bank
Meridian is an innovative community bank serving Pennsylvania, New Jersey, Delaware and Maryland with a full suite of financial products and services. Meridian specializes in business and industrial lending, retail and commercial real estate lending, wealth management and electronic payments. Meridian also has a broad menu of high-yield depository products supported by robust online and mobile access. Meridian is listed on NASDAQ under symbol MRBK. Learn more at www.meridianbanker.com. Equal Housing Lender. Member FDIC.

This press release was produced by TriCounty Area Chamber of Commerce. The views expressed here are the author’s own.