Year in Review 2013: Southwestern Illinois
TheBANK of Edwardsville tops market share, mortgage loan lists
TheBANK of Edwardsville continues to be the choice for local financial needs, according to the latest deposit market share report by the Federal Deposit Insurance Corporation and mortgage loan statistics provided by Marketrac.
For the second straight year, TheBANK was in the top spot in combined deposit market share in the Madison and St. Clair County region, besting its competitors with 15.96 percent of total deposits. Meanwhile, on the mortgage loan front, TheBANK is far outdistancing its competitors in the number of first mortgage loans, total mortgage loans and amount of mortgage loans originated.
“For a locally-owned community bank to lead the way in the two-county region in these categories is a great accomplishment,” said TheBANK of Edwardsville CEO and President Tom Holloway. “We work hard to provide the best products and pair them with the quality customer service that has long been expected of TheBANK of Edwardsville. We’re proud to be the bank of choice in Madison and St. Clair counties.”
Long the leader in deposit market share in Madison County with more than double the share of its closest competitors over the past four years, TheBANK expanded to St. Clair County in 2006 and has steadily grown ever since. It has nearly doubled its market share in that county – from 3.3 percent in 2009 to 6.4 percent this year – catapulting it to the fourth largest market share position out of the 29 banks with offices in the county.
Meanwhile, according to Marketrac, through Sept. 30, 2013, TheBANK originated nearly 1,393 mortgage loans totaling $188,971,717 – or 9.97 percent of the total mortgage loans in the Madison and St. Clair County region. All of those statistics nearly double its closest competitor.
“To have your customers so resoundingly let you know that they like what you offer and the way you offer it is a great vote of confidence, and a direct reflection of the hard work and dedication of our entire organization,” said Holloway.
However, it wasn’t numbers alone that made it a standout year for TheBANK. It was also recognized by a host of independent sources as a leader in the industry.
Highlighting its success in St. Clair County, TheBANK was voted “The Best Financial Institution,” “The Best Mortgage Company” and “The Best Place to Work” in 2013 by readers in the annual Belleville News-Democrat Readers Choice Awards. It was the second straight year TheBANK was voted “The Best Financial Institution” by readers.
To cap off the highlights of a long list of achievements over the past year, TheBANK’s animated commercial, “Eddie Buys a Hut,” was nominated for a 2013 Mid-American Emmy Award in the category of Single Spot Commercial. Mid-America Emmy is one of 19 regional chapters of the National Academy of Television Arts and Sciences and a standard-bearer for excellence in the television broadcasting industry.
TheBANK of Edwardsville was founded in 1868 and is the leading, locally-owned bank in the Metro East with 18 locations in Madison and St. Clair counties.