Aug 18, 2008 -
HANOVER, NH: Ledyard Financial Group, Inc., holding company for Ledyard National Bank and Ledyard Financial Advisors, was ranked among the Top 200 publicly traded community banks in the United States. The rankings were based on three-year average return on equity as of December 31, 2007. Ledyard Financial Group ranked 120th with a three-year average ROE of 14.32%.
According to the US Banker article “In Careful Pursuit of Growth,” the top community banks maintained remarkably high returns on earnings by avoiding subprime mortgages and controlling expenses.Kathy Underwood, President and CEO of Ledyard Financial Group, Inc., stated, “For the second year in a row, Ledyard is proud to be included in this exclusive list of banks. We are focused on delivering superior returns to our shareholders and ensuring that our status as trusted financial partners will never be taken for granted.”