Seifried & Brew LLC, a community bank risk management firm, named First State Community Bank in its 2014 top 15th percentile of community banks. To gain entry into this distinguished ranking, the …
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Seifried & Brew LLC, a community bank risk management firm, named First State Community Bank in its 2014 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 financial system.“We’re proud of our performance and believe it is a direct reflection of our management team and our staff members.” Greg Allen, chairman and CEO, said of the ranking.The bank will continue to maintain financial strength with its commitment to sound banking principles and community-centric approach to service.FSCB is a full-service financial institution, with a variety of loan and deposit products and services, with branches in Warrenton and Wright City. The bank also owns First State Insurance Agency (FSIA), a full-service independent insurance agency. Investment and brokerage services are available through First State Financial Management, Inc. (FSFM), a wholly owned subsidiary of First State Bancshares, Inc.Since 1954, FSCB has been known for its friendly service, community involvement and sound lending decisions. FSCB is owned and operated by First State Bancshares, Inc., a financial services holding company based in Farmington.FSCB