DNB Financial Corporation Wins Prestigious KBW "Bank Honor Roll" for Third
DOWNINGTOWN, Pa., April 26, 2013 (GLOBE NEWSWIRE) -- DNB Financial Corporation
(Nasdaq:DNBF) ("DNB"), parent of DNB First, National Association, was once
again named by Keefe, Bruyette, and Woods (KBW) to its "Bank Honor Roll" of
superior performers. This marks the third consecutive year DNB has earned this
distinction from KBW, a highly regarded full-service, boutique investment bank
and broker-dealer that specializes in the financial services sector. Out of
7,000 banks nationwide 400 banks were screened by KBW to be nominated for this
award. While 47 banks in all were named to this honor roll, DNB was one of
only 19 that have been recognized three consecutive years.
Through its Honor Roll, KBW recognizes financial institutions for their strong
performance over the past 10 years and their ability to overcome obstacles and
navigate difficult economic times. The Honor Roll only includes publicly
traded banking companies with more than $500 million in total assets that meet
the following conditions:
*No annual loss reported in net income per share before extraordinary items
over the past 10 years.
*2011 annual reported net income per-share before extraordinary items must
have been equal to or greater than peak net income per-share over the past
*Consecutive increases in net income per-share before extraordinary items
"Despite 2012's uneven economic recovery and fiscal uncertainty, these Honor
Roll banks managed to post healthier balance sheets through active liability
management and also benefited from improving fundamentals as credit quality
significantly improved," said Frederick Cannon, KBW Director of Research.
DNB First Chairman and CEO, William S. Latoff added, "We're particularly proud
of this tradition of being recognized by KBW amidst some of the most
challenging economic conditions in years. It's a testament to our commitment
to prudent financial management and growth and a reminder to our customers
that they can feel confident in entrusting their finances to DNB First."
DNB Financial Corporation is a bank holding company whose bank subsidiary, DNB
First, National Association, is a community bank headquartered in Downingtown,
Pennsylvania with 13 locations. Founded in 1860, DNB First in addition to
providing a broad array of consumer and business banking products, offers
brokerage and insurance services through DNB Investments & Insurance, and
trust services through DNB Wealth Management. DNB Financial Corporation's
shares are traded on Nasdaq's Capital Market under the symbol: DNBF. We invite
our customers and shareholders to visit our website at
http://www.dnbfirst.com. DNB's Investor Relations site can be found at
CONTACT: Gerald F. Sopp CFO/Executive Vice-President
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