S & P Global Market Intelligence Ranks German American Bank as a Top Community Bank in the Nation for the Second Consecutive Year

Rhea-AI Summary

German American Bancorp, Inc. (Nasdaq: GABC) secures the 27th position among 200 U.S. community banks by S&P Global Market Intelligence, based on 2023 performance. The company outshines in southern Indiana and Kentucky, showcasing dedication amidst industry challenges.

JASPER, Ind., March 27, 2024 (GLOBE NEWSWIRE) -- German American Bancorp, Inc. (Nasdaq: GABC) has earned the number 27 spot out of 200 U.S. community banks assessed by S&P Global Market Intelligence with assets between $3 billion and $10 billion. The ranking is based on 2023 performance in which German American Bank ranks the highest of banks serving southern Indiana and the Commonwealth of Kentucky.

“We are honored to once again be recognized by S&P Global Market Intelligence as one of the top performing community banks in the nation. 2023 was a volatile year for the banking industry marked by many challenges. Our organization’s ability to perform at such a high level in such difficult times is a testament to the dedicated efforts of our relationship-focused team of professionals,” states Neil Dauby, Chairman and CEO. “Our company remained steadfast in its commitment to its employees, customers, communities and shareholders throughout the entire year and will continue to serve all of our stakeholders with strength and resilience for years to come.”

About German American Bank

German American Bancorp, Inc. is a Nasdaq-traded (symbol: GABC) financial holding company based in Jasper, Indiana. German American, through its banking subsidiary German American Bank, operates 75 banking offices in 20 southern Indiana counties and 14 counties in Kentucky. The Company also owns an investment brokerage subsidiary (German American Investment Services, Inc.) and a full line property and casualty insurance agency (German American Insurance, Inc.).

Media Contact:
D. Neil Dauby
Chairman & Chief Executive Officer
Bradley M Rust
President & Chief Financial Officer
812-482-1314

FAQ

What is the ranking of German American Bancorp, Inc. (GABC) among U.S. community banks according to S&P Global Market Intelligence?

German American Bancorp, Inc. (GABC) holds the 27th spot out of 200 U.S. community banks as per S&P Global Market Intelligence.

Based on what criteria was German American Bancorp, Inc. (GABC) ranked by S&P Global Market Intelligence?

German American Bancorp, Inc. (GABC) was ranked based on its 2023 performance by S&P Global Market Intelligence.

In which states does German American Bancorp, Inc. (GABC) excel according to the press release?

German American Bancorp, Inc. (GABC) excels in southern Indiana and the Commonwealth of Kentucky.

Who is the Chairman and CEO of German American Bancorp, Inc. (GABC) mentioned in the press release?

Neil Dauby is the Chairman and CEO of German American Bancorp, Inc. (GABC) as per the press release.

What does Neil Dauby, Chairman and CEO of German American Bancorp, Inc. (GABC) mention about the company's performance in 2023?

Neil Dauby highlights the company's ability to perform at a high level despite industry challenges in 2023, attributing it to the dedicated team.