JERSEYVILLE ‒ Seifried & Brew LLC, a community bank risk management firm, named Jersey State Bank in its 2013 Top 15th Percentile of Community Banks.
To gain entry into this distinguished ranking, the bank demonstrated exemplary performance of balancing risk and reward based on the bank’s S&B Total Risk/Return Composite Ranking. This is no small feat considering that the bank not only survived the financial crisis but actually thrived. This supports Seifried & Brew’s belief that conservative, traditional community banking is the strength of the nation’s financial system.
“This is the second year in a row to receive this prestigious award and we are honored to be in this elite group of community banks,” said Jim Hoefert, president of Jersey State Bank. “We continue to stand by our core structure, which has enabled us to provide a quality product that our customers have grown to expect at Jersey State Bank.”
Jersey State Bank, the only locally owned bank in Jersey County, has a long history of providing financial products and service to Jersey County and the surrounding area. Established in 1903, the bank has assets in excess of $140 million and offices in Jerseyville and Grafton to serve customers.