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JASPER, Ind., Aug. 12, 2013 (GLOBE NEWSWIRE) -- German American Bancorp, Inc. (Nasdaq:GABC), has announced that it was recently included in the annual reconstitution of the Russell 2000 Index and Russell 3000 Index and was recognized as among the top 10 percent of U.S. community banks in the first annual Raymond James Community Bankers Cup, according to a report published by Raymond James & Associates.
The Raymond James Community Bankers Cup recipients were identified based on profitability, operational efficiency and balance sheet metrics. The pool of community banks considered for recognition includes all exchange-traded domestic banks, excluding mutual holding companies and potential acquisition targets, with total assets between $500 million and $10 billion as of December 31, 2012. Raymond James, a leading investment banking and financial advisory firm, analyzed more than 300 community banks across the United States for the awards.
Mark A Schroeder, Chairman and Chief Executive Officer of German American, commented, "Our Company is honored by this recognition, which we received because of the hard work and dedication of our team of financial professionals. We sincerely thank them for everything they do for the betterment of our company, our clients, our shareholders, and the communities we serve throughout Southern Indiana."
German American Bancorp, Inc., is a NASDAQ-traded (symbol: GABC) financial services holding company based in Jasper, Indiana. German American, through its banking subsidiary German American Bancorp, operates 35 retail banking offices in 13 southern Indiana counties. The Company also owns a trust, brokerage, and financial planning subsidiary (German American Financial Advisors & Trust Company) and a full line property and casualty insurance agency (German American Insurance, Inc.).
Statements in this press release which express belief, intention, expectation, and similar expressions, identify forward-looking statements. Such forward-looking statements are based on the beliefs of the Company's management, as well as assumptions made by, and information currently available to, such management. Such statements are inherently uncertain and there can be no assurance that the underlying assumptions will prove to be accurate. Actual results could differ materially from those contemplated by the forward-looking statements. Any forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.
CONTACT: Mark A Schroeder
Chief Executive Officer of German American Bancorp, Inc.
Bradley M. Rust
Executive Vice President/CFO of German American Bancorp, Inc.