JASPER, Ind., April 2, 2014 (GLOBE NEWSWIRE) -- German American Bancorp, Inc. (Nasdaq:GABC), has announced that it was recognized as among the top 10 percent of U.S. community banks, based on the Company's inclusion as a member of the second 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, 2013 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, again this year, to be included as one of the nation's premiere community banking organizations. We're pleased to share this recognition with our dedicated team of hard-working financial professionals, our clients, our shareholders, and the communities we serve throughout Southern Indiana."About German American German American Bancorp, Inc., is a NASDAQ-traded (Nasdaq:GABC) financial services holding company based in Jasper, Indiana. German American, through its banking subsidiary German American Bancorp, operates 36 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. (812) 482-1314