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Publication ranks First Citrus as top community bank in Florida

May 20, 2020 - First Citrus Bank in Tampa and First Home Bank in St. Petersburg both made American Bankers’ new list of top-performing community banks. The list is based on a a three-year average return on average equity, a measure that tells investors how efficiently a company  is handling the money that shareholders contribute to it. First Citrus (OTC: FCIT) was the highest-ranked Florida bank, based on a three-year average return on average equity of 10.98 percent.  First Citrus ranked No. 96 and was the only Florida community bank in the top 100. In a news release announcing the recognition, First Citrus said it has helped secure $106 million in Payroll Protection Program loans for more than 1,000 Tampa Bay businesses, with 92 percent of the loans going to businesses with less than 25 employees. First Home Bank, with a 10.07 three-year average return on average equity, ranked No. 140 on the list of top 200 community banks.

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