HINGHAM, Mass., Sept. 27, 2016 (GLOBE NEWSWIRE) — Hingham Institution for Savings (NASDAQ:HIFS) announced today that it has been named to Sandler O’Neill + Partners’ 2016 Bank and Thrift Sm-All Stars List. The list recognizes high-performing small-cap banks and thrifts across the country.
President Robert H. Gaughen Jr. stated, “We are pleased that Sandler O’Neill + Partners has once again recognized our performance. More important than performance in any one year, however, is our record of compounding capital over time. We have always been focused on the long-term creation of value at Hingham. On this measure, our team continues to set a very high bar. We remain committed to the disciplined underwriting, industry-leading cost controls, and careful capital allocation that have produced enduring value over time for our owners.”
Sandler O’Neill + Partners evaluated all publicly traded banks and thrifts with market capitalizations under $2.5 billion based on growth, profitability, credit quality, and capital strength. Based on these criteria, 27 banks and thrifts were selected for the 2016 Bank and Thrift Sm-All Stars List. Sandler O’Neill + Partners is a full-service investment banking firm and broker-dealer focused on the financial services sector.
Hingham Institution for Savings is a Massachusetts-chartered savings bank located in Hingham, Massachusetts. Incorporated in 1834, it is the oldest financial institution headquartered in Hingham and one of the oldest continuously operating banks in the United States. The Bank maintains branch offices in Boston, the South Shore, and on Nantucket. The Bank’s shares of common stock are listed and traded on The NASDAQ Stock Market under the symbol HIFS.
CONTACT: CONTACT: Patrick R. Gaughen, Executive Vice President, 781-783-1761