The State Bank under the name of it’s holding company Fentura Financial achieved recognition for its corporate performance in an important industry ranking. A part of the Fenton community for over 100 years, The State Bank has served Michigan residents with the highest standards of integrity. The Bank’s reputation for professional personal service continues with each new generation of Fenton families.
2019 OTCQX® Best 50
Fentura Financial’s announcement that it has been named to the 2019 OTCQX® Best 50, is exciting news for our local bank. The OTCQX® Best 50 is a ranking of top performing companies traded on the OTCQX market last year. “The OTCQX is the top tier of the three marketplaces for the over-the-counter trading of stocks. The OTCQX is provided and operated by the OTC Markets Group. Stocks that trade on this forum must meet more stringent qualification criteria compared to the other tiers.”
President and CEO Ronald L. Justice
The Lasco Press spoke with President Ron Justice about the significance of the Best 50 ranking.
Can you relate to us the importance of this recognition to Fentura Financial and its place in the industry?
“We are proud that our strong financial performance and the value that we have generated for our shareholders, helped achieve this recognition. It is an honor to be named to this elite group of top performing national and international companies. This type of recognition confirms the continued need and demand for community banking in the markets we serve and similar markets across the nation.”
What would you like to say to the Fenton community about what this recognition means to them regarding The State Bank?
“We hope that those who learn of this recognition, our current clients and shareholders, as well as the entire community, understand that our strong performance is a direct result of the confidence they place in us as their financial institution. Without the deposits, loans, trust and advisory accounts, and all the services with which we have been entrusted, we don’t achieve the growth that leads to strong financial results. So our communities, clients, and shareholders are integral to our success, their ongoing support allows us to continue to do what we do, including our efforts to support the local civic, service, charitable and public organizations.”
Congratulations to The State Bank for this honor. We are proud to have them as a part of our community.
Here is the text of the recent press release.
FENTON, Mich., Feb. 05, 2019
Fentura Financial, Inc. (OTCQX: FETM) is pleased to announce it has been named to the 2019 OTCQX® Best 50, a ranking of top performing companies traded on the OTCQX Best Market last year.
The OTCQX Best 50 is an annual ranking of the top 50 U.S. and international companies traded on the OTCQX market. The ranking is calculated based on an equal weighting of one-year total return and average daily dollar volume growth in the previous calendar year. Companies in the 2019 OTCQX Best 50 were ranked based on their performance in 2018.
Ronald L. Justice, President and CEO said, “We are thrilled to be ranked 13th overall and to be recognized as the top performing bank holding company. This recognition is a direct result of our continued focus on enhancing shareholder value through an unwavering commitment to community banking.”
For the complete 2019 OTCQX Best 50 ranking, visit https://www.otcmarkets.com/files/2019_OTCQX_Best_50.pdf.
The OTCQX Best Market offers transparent and efficient trading of established, investor-focused U.S. and global companies. To qualify for the OTCQX market, companies must meet high financial standards, follow best practice corporate governance, demonstrate compliance with U.S. securities laws and have a professional third-party sponsor introduction. The companies found on OTCQX are distinguished by the integrity of their operations and diligence with which they convey their qualifications.
About Fentura Financial, Inc. and The State Bank
Fentura Financial, Inc. is the holding company for The State Bank. It was formed in 1987 and is traded on the OTCQX exchange under the symbol FETM, and was recognized as one of the Top 50 performing stocks in 2016 on that exchange.
The State Bank is a full-service, 4-Star Bauer Financial rated commercial, retail and trust bank headquartered in Fenton, Michigan. It currently operates 15 full-service branches in Genesee, Livingston, Oakland, Saginaw, and Shiawassee Counties and a loan production office in Saginaw County. The State Bank was ranked #41 by S&P Global in terms of 2017 performance for banks under $1 billion in assets. The State Bank’s commercial department provides a complete array of products including lines of credit, term loans, commercial mortgages, SBA loans and a full-suite of cash management products. The retail department offers personal checking, savings, time and IRA deposit accounts and a wide array of loan products including home equity, auto, and personal loans. The residential loan department offers construction, purchase and refinance residential mortgage loans. The wealth management department offers a full-service suite of trust and portfolio management services. The aim of The State Bank is to become and remain “Your Financial Partner for Life.” More information can be found at www.thestatebank.com or www.fentura.com.
This press release contains certain forward-looking statements that involve risks and uncertainties. Forward-looking statements include, but are not limited to, statements concerning future growth in earning assets and net income. Such statements are subject to certain risks and uncertainties which could cause actual results to differ materially from those expressed or implied by such forward-looking statements, including, but not limited to, economic, competitive, governmental and technological factors affecting the Company’s operations, markets, products, services, interest rates and fees for services. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.