| Frontier Financial Corporation, parent company of Frontier Bank, was recently rated as the nation’s top performer among the 150 largest financial institutions in the United States. Frontier achieved that recognition based on a scorecard ranking that focused on profitability, capital adequacy and asset quality identified in a report provided to Bank Director Magazine by Sandler O’Neill & Partners, L.P., a New York investment bank that specializes in bank stocks.
Frontier was included in the annual ranking for the first time as it emerged as one of the 150 largest institutions, after adding approximately $400 million in new loans since June 2006. Frontier’s assets exceeded $3.5 billion at June 30.
John J. Dickson, president and CEO of Frontier Financial stated, “I am extremely pleased with the selection of Frontier as the number one top performing bank in the nation. It confirms the great leadership provided by our Board of Directors, along with the outstanding performance of our employees.”
Frontier closed its merger with the Bank of Salem on Nov. 30, giving it three offices in Oregon. The recent announcement of the acquisition of Whidbey Island Bank, which is expected to close in March 2008, will result in Frontier operating over 64 offices throughout the Pacific Northwest.
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