Thirteenth Consecutive 5-Star “Superior” Rating From BauerFinancial for Grandpoint Bank and its Divisions
Posted by Admin
We’re honored to share that Grandpoint Bank and its divisions, Bank of Tucson, Regents Bank and The Biltmore Bank of Arizona, received a thirteenth consecutive quarterly 5-Star “superior” rating from independent rating and research firm BauerFinancial, based on June 30, 2016 financial data filed with the government.
BauerFinancial, regarded as “the nation’s bank rating service,” gives the 5-Star rating only to banks that are considered the strongest in the nation, as assessed for strength, stability and soundness.
One of our core operating principles has always been to build long-term partnerships with our clients, so that our seasoned bankers can develop an in-depth understanding of their businesses and anticipate their needs. To our clients: Thank you for your trust, your support and your business.
According to BauerFinancial, to earn this highest rating level, 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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