February 11, 2019, Fenton, MI – The State Bank is proud to announce that they have been ranked fourth overall in community banks in Michigan by Financial Management Consulting Group (FMC). The performance report considers many key factors such as bank size, margin, fee income, efficiency, asset quality and earnings. Of ninety-one banks headquartered in Michigan, The State Bank achieved the ranking of fourth.
Financial Management Consulting Group was organized in 1988 with focus on strategic planning for community banks. They have published the state ranking reports since 1998 and now provide that service to about 450 clients in 41 states.
Click here to view complete report.