FARMINGTON HILLS, Mich., - Level One Bancorp, Inc. (Nasdaq: LEVL) (“Level One Bank”), 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 Bank #145 on the list in its May 2020 publication.
The ranking is based on three-year return on average equity (ROAE) from 2017 to 2019 and includes bank holding companies, banks, and thrifts with total assets of less than $2 billion as of Dec. 31, 2019 that are publicly traded or report financials to the SEC. A total of 511 institutions qualified for the ranking. Level One Bank’s three-year ROAE was 10.01%, while the average three-year ROAE for all 511 qualifying institutions was 7.97%.
About Level One Bank
Level One Bancorp, Inc. is the holding company for Level One Bank, a full-service commercial and consumer bank headquartered in Michigan with assets of approximately $1.94 billion as of March 31, 2020. It operates sixteen banking centers throughout Metro Detroit, Ann Arbor, Jackson and Grand Rapids. 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" and one of S&P Global's Top 10 "Best-Performing Community Banks" in the nation. Level One's commercial division provides a 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 lines of credit, auto loans, and credit card services. Level One Bank offers a variety of online banking and mobile banking services 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, visit www.levelonebank.com.