NACB National Capital Bancorp Inc (PK)

The National Capital Bank of Washington (NCB) announced today that it was, once again, the only Washington, D.C.-based bank named among the “Top 200 Community Banks” by U.S. Banker magazine. This designation is based on a three-year average return on equity (ROE) as of Dec. 31, 2009.

SNL Financial LC analyzed the data and U.S. Banker published the list in its June 2010 issue. At that time, NCB’s Return on Equity Ratio was 9.92 percent. ROE tells stockholders how effectively their money is being used. The measure is a good indicator of how profitable a banking institution is as compared to its peers.

“The overall state of the economy and the Federal Reserve’s insistence on low interest rate levels makes it doubly difficult to run a profitable banking operation these days. It is gratifying to see that our history of solid earnings performance has been acknowledged,” says James M. Didden, president of NCB. “NCB has worked hard to ensure profitable operations while maintaining the highest standards of safety and soundness. It’s a delicate balancing act to be sure.” The Bank has paid continuous dividends to its shareholders for more than 121 years.

Earlier this year, NCB also received an A+ rating from Weiss Ratings, the nation’s only independent provider of ratings and analyses covering the financial services industry. This was the third consecutive year that The National Capital Bank was recognized by Weiss for exceptional safety and solid performance.

“These recent accolades lend additional support to our “Move to NCB” campaign,” says Richard Didden, Chairman and CEO. “The campaign urges Washington area residents to make the move from the impersonal, big banks to a highly stable and secure, top-rated community bank like National Capital Bank. We’ve even developed a separate website for the campaign, www.MovetoNCB.com, which provides information about our Bank as well as the national Move Your Money movement. Our belief is that local, safe and sound community banks are the lifeblood of any community and offer the best return value to consumers.”

The National Capital Bank of Washington was founded in 1889 and has been managed by the Didden family for 121 years. NCB has assets of $306 million and is headquartered on Capitol Hill with a second branch located in Friendship Heights. The bank has been recognized over the last decade with numerous accolades for its safety and soundness, exceptional performance, small business lending, and for being named one of the top banks and thrifts, a 100-year old small business of the year, and top commercial lender. NCB trades under the symbol NACB. For more information about NCB, go to www.nationalcapitalbank.com or www.movetoncb.com.

National Capital Bancorp (PK) (USOTC:NACB)
Historical Stock Chart
Von Okt 2024 bis Nov 2024

National Capital Bancorp (PK) (USOTC:NACB)
Historical Stock Chart
Von Nov 2023 bis Nov 2024