Tompkins Financial Ranked 10th On ABA’s Top Performers List
June 03 2010 - 9:52AM
Business Wire
Tompkins Financial Corporation (TMP–NYSE Amex) - Tompkins
Financial Corporation, a $3.2 billion financial services holding
company based in Ithaca, has been named to the American Bankers
Association’s list of top performing banks for 2009.
In an article published in the May 2010 edition of ABA Banking
Journal, Tompkins Financial Corporation ranks 10th out of 148 U.S.
public banks, thrifts and holding companies with assets over $3
billion as of December 31, 2009. The ABA study rated the banks by
return on average total equity (“ROAE”), with return on average
total assets used as a tiebreaker.
Tompkins Financial reported ROAE of 13.7 percent in 2009, a
figure that measures a company’s profitability over a fiscal year
in relation to average shareholders’ equity. Tompkins Financial is
the parent company of Tompkins Trust Company, The Bank of Castile,
Mahopac National Bank, Tompkins Insurance Agencies, Tompkins
Investment Services and AM&M Financial Services.
President and CEO Stephen S. Romaine commented, “While we don’t
make decisions intended to place us on these short-term lists, it
is gratifying to see our performance compare so favorably. Our
focus remains on doing our best to perform well over the long
term.” Tompkins Financial was the only institution with
headquarters in New York State in the Top 10.
Data for the ABA article was provided by SNL Financial LC, while
filings from the Securities and Exchange Commission were the source
of public company data.
Tompkins Financial Corporation operates 45 banking offices in
markets served by Tompkins Trust Company in Central New York, The
Bank of Castile in Western New York and Mahopac National Bank in
the Hudson Valley. Through its community banking subsidiaries, the
Company provides traditional banking services, and offers a full
range of money management services through Tompkins Investment
Services (a division of Tompkins Trust Company). The company offers
insurance services through its Tompkins Insurance Agencies, Inc.
subsidiary, an independent agency serving individuals and business
clients throughout New York State. The company offers fee-based
financial planning and wealth management services through its
AM&M Financial Services, Inc. subsidiary. AM&M Financial
Services, Inc. is also the parent Company to Ensemble Financial
Services, Inc., an independent broker dealer and leading
outsourcing company for financial planners and investment advisors.
Each Tompkins subsidiary operates with a community focus, meeting
the unique needs of the communities served.
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