Bank ranked as top consumer and mortgage lender in nation for banks less than $500 million in assets
Austin, TX (July 01, 2021) – In its annual ranking of the top community banks in the country, The Independent Community Bankers of America ranked Austin Capital Bank the nation’s number one consumer and mortgage lender for 2020, it was announced today by the trade organization.
Facing one of the most turbulent periods in banking last year – given the uncertainty and upheaval of the COVID-19 pandemic – community banks doubled down on digital banking, financial product ingenuity, and dedication to their communities to succeed. Leading the way was Austin Capital, which received a near-perfect score of 99.3 from ICBA for its lending efforts.
Positioning itself as a technology-focused and community-driven bank proved to be a tremendous asset for ACB, as digital-first banking institutions were able to separate themselves from most competitors.
“Our clear focus on technology and innovation has certainly bolstered our lending business,” said Erik Beguin, CEO and founder of Austin Capital Bank. “It was a difficult year for all community banks, but those that have adapted to the changing needs of their customers – and their communities – will thrive. I believe we are well positioned to achieve continued success.”
ICBA calculated a lender score out of 100 for each community bank, using FDIC data for 2020. The score combines the average of the bank’s percentile rank for lending concentration and for loan growth over the past year in each lending category. Scores were adjusted for loan charge offs in each category at certain percentile thresholds.
Austin Capital Bank finished at the top in the ICBA’s “Consumer and Mortgage” category for independent community banks with less than $500 million in assets.
The bank launched its mortgage division in 2018 and now has 14 loan production offices around the country. Its proprietary digital banking technology platform allows Austin Capital Bank to offer financial services securely online nationwide.
The Independent Community Bankers of America is the nation’s voice for community banks with its mission to create and promote an environment where community banks flourish. The ICBA is dedicated exclusively to representing the interests of the community banking industry and its membership through effective advocacy, best-in-class education, and innovative products and services.
“I’m passionate about the community bank model,” Beguin said. “The reason I started the bank is that a community bank is one of the only entities that multiplies the wealth in the community it serves. And this top ranking by the ICBA only proves we are on the right track.”
About Austin Capital Bank
Austin Capital Bank is a 5-Star rated, FDIC-insured, independent community bank located in Austin, Texas. Austin Capital Bank is consistently recognized as a top performing financial institution and has been ranked on consecutive INC. 5000 lists since 2016. Austin Capital Bank is unique among community banks in that it defines ‘community’ as a common set of needs and values vs the traditional geographic focus of community banks. Austin Capital Bank offers proprietary branded digital banking services nationwide enabled by its own custom-built banking-as-a-service platform and digital banking products group.