Grandpoint Bank and its Divisions Earn Eleventh Consecutive 5-Star Rating From BauerFinancial
Posted by Admin
We’re pleased to share that Grandpoint Bank and its divisions, Bank of Tucson, Regents Bank and The Biltmore Bank of Arizona, received an eleventh consecutive quarterly 5-Star rating for strength, stability and soundness from independent rating and research firm BauerFinancial.
The five star rating, which was based on December 31, 2015 financial data filed with the government, goes only to banks that are considered the strongest in the nation.
We would like to thank all our clients and partners who help to motivate and inspire us. It is always our goal to be responsive and helpful, and we very much value the relationships we form. We appreciate your business, and we are honored that through our work serving you and our community, we received BauerFinancial’s highest rating.
According to BauerFinancial, institutions are evaluated on criteria, including capital ratios, profitability/loss trend, 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.
BauerFinancial is regarded as “the nation’s bank rating service,” and banks cannot pay to be rated nor opt out of being rated.
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