Charlotte-based Park Sterling Corp., the holding company for Park Sterling Bank, was ranked 35th on Fortune Magazine’s 2015 list of the world’s Top 100 fastest-growing companies.

“Coming in at 35 on the list is a significant achievement for Park Sterling, since this is the first time the bank has been included in the annual compilation,” a news release from the bank stated, adding that no other commercial bank was recognized.

The list website’s short profile of Park Sterling, which has one location in Wilmington, noted that the regional bank “stocked up on smaller players from 2011 to 2014, buying CapitalBank, Citizens South Bank and Provident Community Bank.”

It also pointed to Park Sterling technology that allows its customers to turn off their debit card between transactions.

Fortune reported Park Sterling’s earnings-per-share three-year annual growth rate was 74 percent, while its revenue three-year annual growth rate was 43 percent. Its total return three-year annual rate was 16 percent. The rankings were based on those three growth variables, according to the Fortune website.

The bank’s revenue over the past four quarters was $103 million, according to the profile.

“Park Sterling is proud to receive this recognition of performance from such a well-respected source,” Jim Cherry, Park Sterling’s CEO, said in the release. “This achievement validates our ongoing efforts to create a regional bank in the Carolinas and Virginia that is large enough to offer the products, services and technologies that help our clients achieve their financial aspirations, but is still small enough to care that they do.“

Explaining its criteria for creating the ranking, Fortune stated that its list includes the top 100 publicly traded companies with a minimum market capitalization of $250 million and a stock price of at least $5 per share as of June 30.

“To be considered, companies must have shown revenue and net income for the four quarters ended on or before April 30, 2015 of at least $50 million and $10 million, respectively, along with posting an annualized growth in revenue and earnings per share of at least 20% annually over the three years ended on or before April 30, 2015,” the release stated.