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Press Release

CFG Bank Named #7 Best-Performing Bank by Independent Banker

Recognized in Community Bank with Assets Over $1 Billion Category

CFG Bank (CFG), the largest bank headquartered in Baltimore, which provides flexible financing and online banking solutions to the national healthcare and multifamily markets and the Mid-Atlantic region, has been ranked as the seventh-best performing community bank with assets over $1 billion in this year’s annual listing by Independent Banker, the award-winning magazine of the Independent Community Bankers of America (ICBA) and the number-one source for community banking news.

“We couldn’t be more excited to be named as a best-performing bank by Independent Banker in this year’s nationwide list,” said CFG CEO Jack Dwyer. “We’re so much more than a traditional bank and have always operated with an entrepreneurial approach that allows us to accomplish what others can’t. This recognition is a testament to how we transform the banking experience for our clients to deliver exceptional results and help them grow.”

ICBA’s annual best-performing community banks list highlights the importance of exceptional employees, innovative mindsets, and comprehensive offerings in achieving industry success. It underscores the commitment and dedication of institutions like CFG to serving their communities and clients by continually adapting to ever-evolving market and customer needs.

The annual rankings are based on FDIC data, considering pretax return-on-assets (ROA) figures over the past three years, with the most recent year weighted at 3x, the second most recent year at 2x, and the third most recent year at 1x. Community banks are categorized into three segments based on asset size, and each segment is ranked according to the three-year weighted average ROA. To be eligible for ranking, a bank must maintain a rating of C or higher by KBRA Analytics.

View the ICBA Best-Performing Community Bank list, here.

About CFG Bank 

CFG Bank, headquartered in Baltimore, Maryland, provides flexible financing and online banking solutions to the national healthcare and multifamily markets and the Mid-Atlantic region. CFG Bank is the 6th largest bank in the Baltimore area based on deposits and the largest that is based in Baltimore. CFG Bank has grown from $1 billion in assets at the end of 2019 to over $5 billion in assets at the end of 2023 and is among the five largest and most experienced healthcare bridge-to-HUD lenders in the country, serving its clients and helping them grow for over 30 years. CFG Bank transforms the banking experience by delivering big bank capabilities and expertise, coupled with relationship-driven boutique bank service. CFG Bank has branches in Lutherville and Baltimore City, and a cashless branch in Annapolis. For more information, visit, and follow CFG Bank on LinkedIn, Facebook, Instagram, and X.

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