Twelfth Consecutive 5-Star “Superior” Rating for Grandpoint Bank and its Divisions
Posted by Admin
Grandpoint Bank and its divisions, Bank of Tucson, Regents Bank and The Biltmore Bank of Arizona, received a twelfth consecutive quarterly 5-Star “superior” rating from independent rating and research firm BauerFinancial, which is regarded as “the nation’s bank rating service.”
The five-star rating, which was based on March 31, 2016 financial data filed with the government, goes only to banks that are considered the strongest in the nation, as assessed for strength, stability and soundness.
According to BauerFinancial, to earn five stars, institutions are required to maintain a tangible capital ratio of at least four percent, a tier 1 risk-based capital ratio of at least four percent and a total risk-based capital ratio of at least eight percent. Other criteria evaluated include: profitability/loss trend, evaluating the level of delinquent loans and repossessed assets, the market versus book value of the investment portfolio, regulatory supervisory agreements, the community reinvestment rating (CRA) and liquidity.
Banks cannot pay to be rated nor opt out of being rated by BauerFinancial. Four- and five-star banks appear on BauerFinancial’s Recommended Report.
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