Independent Banker - July 2018 - 44

COMMERCIAL
Commercial: Less than $500 million
Rank
Bank name
2
3
4
5
6
7
8
9
City
1 Stearns Bank Holdingford National Association Holdingford
Stearns Bank Upsala National Association
First IC Bank
Upsala
Citizens State Bank of Luling
GBC International Bank
Native American Bank, National Association
Summit Bank
Washington Business Bank
West Town Bank & Trust
10
11
12
13
14
15
16
17
18
19
20
Kirkwood Bank of Nevada
Huron Valley State Bank
Mission Valley Bank
Quantum National Bank
Connecticut Community Bank, National
Association
Security Bank Minnesota
Legacy Bank of Florida
Central Bank of Kansas City
Farmers and Merchants Bank
Northeast Bank
Independence Bank
Doraville
Luling
Los Angeles
Denver
Eugene
Olympia
North Riverside
Las Vegas
Milford
Sun Valley
Suwanee
Westport
Albert Lea
Boca Raton
Kansas City
Upperco
Minneapolis
East Greenwich
Commercial: $500 million to $1 billion
Rank
Bank name
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
CFG Community Bank
The Westchester Bank
Seacoast Commerce Bank
Third Coast Bank, SSB
The Bank of Hemet
Northwest Bank
Five Star Bank
Modern Bank, National Association
Signature Bank, National Association
Centric Bank
Atlantic Stewardship Bank
First Central Savings Bank
Bank of the Orient
mBank
First Landmark Bank
Waterford Bank, N.A.
Coastal Community Bank
Commercial Bank of California
FIRST GREEN BANK
American Bank
44 Q ICBA Independent Banker Q July 2018
City
Lutherville
Yonkers
San Diego
Humble
Riverside
Boise
Rocklin
New York
Toledo
Harrisburg
Midland Park
Glen Cove
San Francisco
Manistique
Marietta
Toledo
Everett
Irvine
Orlando
Allentown
State
MN
MN
GA
TX
CA
CO
OR
WA
IL
NV
MI
CA
GA
CT
MN
FL
MO
MD
MN
RI
Commercial loans
to assets ratio
77.06%
74.60%
73.86%
72.36%
72.20%
69.55%
68.92%
68.69%
68.46%
66.69%
66.27%
65.54%
65.42%
65.07%
65.06%
64.74%
64.58%
63.82%
63.51%
63.02%
in a reasonable amount of time, " says
Heidi DeWyngaert, chief lending
officer and an executive vice president
at Bankwell.
Among Bankwell's advantages over
other commercial real estate lenders is
its purely local decision making. The
bank also does its own underwriting
and closing. " What we collaborate on
and agree to offer is 99.9 percent of
the time what we deliver in an efficient
timeframe, " DeWyngaert says. At the
end of Q1 2018, the bank had about
$1.8 billion in assets and total gross
loans of $1.5 billion.
State
MD
NY
CA
TX
CA
ID
CA
NY
OH
PA
NJ
NY
CA
MI
GA
OH
WA
CA
FL
PA
Commercial loans
to assets ratio
72.16%
69.82%
69.70%
69.12%
66.31%
65.24%
63.25%
62.95%
60.83%
60.50%
58.81%
58.63%
57.54%
57.00%
56.86%
56.59%
56.54%
55.44%
54.78%
54.68%
Bankwell specializes in serving
small and mid-size businesses, and
has benefited from Fairfield County's
strong and growing business base. Its
proximity to the New York metro also
means many of the local businesses
work with or for businesses based in
New York City. The economy has been
good, and there has been a gradual
but demonstrable increase in business
activity in this area, DeWyngaert says.
Bankwell has a team of 10
commercial lenders: five CRE lenders
and five commercial and industrial
(C&I) lenders. Most have 20 to 30
years of lending experience in the
New York metro area. Those lenders
are free to roam throughout Fairfield
Bankwell
Based: New Canaan, Conn.
Commercial loans to
total assets: 60.75%
Assets: $1.83 billion
Rank in category: 7
President and CEO:
Chris Gruseke
Founded: 2002
Independent Banker - July 2018

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