FARMINGTON HILLS, Mich., - Level One Bancorp, Inc. (Nasdaq: LEVL) (“Level One”), a Michigan-based community bank, has been named to American Banker Magazine’s list of Top 200 Community Banks in the Nation. American Banker Magazine ranked Level One #100 on the list in its May 2019 publication.
The ranking is based on three-year return on average equity (ROAE) from 2016 to 2018 and includes bank holding companies, banks, and thrifts with total assets of less than $2 billion as of Dec. 31, 2018 that are publicly traded or report financials to the SEC. A total of 601 institutions qualified for the ranking. Level One’s three-year ROAE was 10.69%, while the average three-year ROAE for the 601 qualifying institutions was 7.44%.
About Level One
Level One Bancorp, Inc. is the holding company for Level One Bank, a full-service community bank headquartered in Michigan with assets of approximately $1.4 billion. It currently operates eleven full-service banking centers located throughout Southeast Michigan and West Michigan. Level One Bank’s success has been recognized both locally and nationally as the U.S. Small Business Administration’s (SBA) ‘Community Lender of the Year’ and ‘Export Finance Lender of the Year’, one of S&P Global’s Top 10 ‘Best-Performing Community Banks’ in the nation, and one of American Banker Magazine’s ‘Best Banks to Work For’. Level One’s Commercial Division provides a complete menu of products including lines of credit, term loans, leases, commercial mortgages, SBA loans, Export-Import Financing, and a full suite of Treasury Management and Private Banking services. The Consumer Division offers personal savings and checking accounts and a complete array of consumer loan products including residential mortgages, home equity, auto, and credit card services. Level One Bank offers a variety of online banking services and a robust mobile banking application for individuals and businesses. Level One Bank offers the sophistication of a big bank, the heart of a community bank, and the spirit of an entrepreneur. For more information, please visit www.levelonebank.com.