First Bank of the Lake Named ICBA’s Top Commercial Lender

Independent Banker rankings recognize this year’s standout performers

Independent Banker, the award-winning magazine of the Independent Community Bankers of America (ICBA) and the leading source for community banking news, has honored First Bank of the Lake as a top lender in its July 2024 issue. First Bank of the Lake proudly secured the number one position in commercial lending for banks with assets ranging from $300 million to $1 billion, due to its unwavering dedication to supporting small business lending nationwide. The bank achieved the highest lender score of 99.5 out of 100 among all recognized banks across various categories.

“Community banks are pillars of their communities and work hard every day to serve the unique needs of their customers,” said ICBA President and CEO Rebeca Romero Rainey. “These top lenders should take pride in this recognition, knowing that their work makes a positive impact in helping their communities flourish.”

The July issue of Independent Banker showcases how top-performing agriculture, commercial, consumer, and mortgage loan producers are navigating the evolving economic environment while effectively meeting their customers' needs. This year's standout performers have demonstrated remarkable flexibility and ingenuity.

"At First Bank of the Lake, we're committed to offering exceptional financial solutions to small businesses in the United States with a customer-first mindset," said Mike Anderson, Chairman, President, and CEO of First Bank of the Lake. "Being recognized on this prestigious list is a tremendous honor, and I couldn’t be prouder of our team's dedication to supporting small borrowers throughout the past year."

The annual ICBA rankings are determined by assessing the strength of competitive banking services and operational efficiencies, utilizing FDIC data from 2023. The scores are calculated by averaging the bank’s percentile rank for lending concentration and loan growth over the past year in each lending category and asset size.

We extend our heartfelt gratitude to our dedicated team and loyal customers for making this achievement possible. We remain committed to supporting small businesses and fostering strong, prosperous communities.

Click here to view this year’s ICBA Top Lenders listings.

About First Bank of the Lake

First Bank of the Lake, headquartered in Osage Beach, Missouri, has been meeting the financial needs of individuals and businesses for over 39 years. The Bank provides a full range of deposit products and services, along with consumer, residential mortgage, and commercial lending. With over 270 employees, the Bank is also a Small Business Administration lender throughout the United States, and at the SBAs fiscal year-end of 9/30/23 ranked as the 13th largest SBA 7a lender and the 21st largest SBA 504 lender in the United States.

About ICBA

The Independent Community Bankers of America® has one mission: to create and promote an environment where community banks flourish. We power the potential of the nation’s community banks through effective advocacy, education, and innovation.

As local and trusted sources of credit, America’s community banks leverage their relationship-based business model and innovative offerings to channel deposits into the neighborhoods they serve, creating jobs, fostering economic prosperity, and fueling their customers’ financial goals and dreams. For more information, visit ICBA’s website at www.icba.org.

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