Ninth Consecutive Quarter of BauerFinancial 5-Star Rating for Grandpoint Bank and its Divisions
Posted by Admin
We’re happy to report that Grandpoint Bank and its divisions, Bank of Tucson, Regents Bank and The Biltmore Bank of Arizona, received a ninth consecutive 5-Star rating for strength, stability and soundness from independent rating and research firm BauerFinancial. The five star rating, which was based on June 30, 2015 financial data, goes only to banks that are considered the strongest in the nation.
Government regulators refer thousands of individuals seeking information about banks and credit unions to BauerFinancial each year. BauerFinancial is regarded as “the nation’s bank rating service,” and banks cannot pay to be rated nor opt out of being rated. Ratings, which range from zero to five stars, are determined by a rigorous assessment of a bank’s capital strength, asset quality and profitability, using quarterly financial reports filed with the government by each bank, with historical comparison for consistency.
We’re pleased to provide one more assurance to our clients that we are a fiscally-sound financial institution, and we hope that our personal touch and community focus further enhance your banking experience.
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