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Show Barnes Bank 1 in southwest The bank was chartered in 1891 when Utah was still a territory. It has been honored many times by several organizations as a top performance per-formance bank, both locally and nationally. ' 'These are tributes that tell us that our bank continues to be strong and is well managed. We're always happy to see Barnes listed in the top numbers," said Mr. Blood, "and we respect the straight-forward way the American Amer-ican Banker arrives at the rankings." rank-ings." aaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaavaaaaaiiHai Alan B. Blood, chairman and CEO of Barnes Banking Co., Kaysville, has announced that the "American Banker," one of the country's most highly regarded daily financial newspapers, recently recent-ly published their rankings of the top 100 community banks in the U.S. The newspaper is published by the American Bankers Association. Associa-tion. "The American Banker's listing is based on the return on average assets of these banks and this is very significant," said Mr. Blood. "Barnes came in number one in the Southwest region and 14th on the full list of 100. We also rank as number 24th in net income per employee," em-ployee," he said. The American Banker defines a community bank as one with Fed eral Deposit Insurance Corp. insurance in-surance (FDIC) and with assets from between 50 and 175 million dollars. It can be independently owned or be a one-bank holding company. In the Southwest region, Barnes is ranked in the number one spot as best performer. The Southwest region includes Colorado, Colora-do, Louisiana, New Mexico, Oklahoma Okla-homa and Texas a very large section of the United States. "We're very proud to have achieved our position in these three categories," Mr. Blood said. "Each is very important and helps Utah's profile in our immediate area and around the country as well." Barnes Banking Co. has a unique history in the west and especially in the financial development of Utah. |
