BauerFinancial - a company that rates all U.S. banks, recommends only the institutions that they give Five-Stars or Four-Stars. You can imagine what they think of the 'zero star' banks. Let's see how some of our local banks measure up in their 'star' rating:
** 1st National Bank of South Florida, Homestead
***1/2 Bac Florida Bank, Miami
*** Bank of Coral Gables
ZERO Bank of Miami NA, Coral Gables
** Bank Atlantic
*** Biscayne Bank, Coconut Grove
***** City National Bank of Florida, Miami
** Community Bank of Florida, Homestead
(for the rest of list, hit read more)
**** Continental National Bank, Miami
*** Gibraltar Private Bank & Trust, Coral Gables
** Great Eastern Bank of Florida
* Great Florida Bank, Miami
*** Helm Bank, Miami
***** Intercontinental Bank West Miami
*** Intercredit Bank NA, Miami
***1/2 International Finance Bank, Miami
***1/2 JGB Bank NA, Miami
** Mellon United National Bank, Miami
** Metro Bank of Dade County, Miami
**** Northern Trust NA, Miami
ZERO Ocean Bank
*** Pacific National Bank, Miami
** Plus International Bank, Miami
ZERO Premier American Bank, Miami
ZERO Republic Federal Bank NA, Miami
*** Sunstate Bank, Miami
*** TerraBank NA, Miami
*** Total Bank, Miami
*** Translantic Bank, Miami
ZERO Turnberry Bank, Aventura
** Union Credit Bank, Miami
*** US Century Bank, Miami
BauerFinancial says they update the star ratings 4 times a year, and:
Institutions rated 2-stars and below are put on our Troubled and Problematic Report.
6 comments:
Bill Losner took the money and ran after he finished gutting Homestead. Now his former bank is kerplooey.
Losner, Epling (Community) and even TIB (2 stars) are not doing well. Wonder if they got caught up in the Homestead building hysteria and made lots of bad loans. Greed got them in the end. Too bad Losner bailed and left his mess with the new owners.
Maybe they can claw back what they paid. All the way to Maggie Valley.
Not all community banks are bad, and many were not the cause of our huge problems. Greenspan thought bigger was better. Today we know that "too big to fail" is haunting us and costing us tax payer dollars. Smaller banks pay two and three times the FDIC insurance money. Think about these things when you bank with the big guys. There is something to be said about bringing things back home to a local level. I support small banks. I think it's a better thing to do in our country, and I wish others would boycot the big guys. They are doing bad things to us. As for the ones that get involved in the sprawl thing...you can always threaten to move your business...to another local bank. It is very effective. Think about it.
where is Continental National bank, one of Miami's home grown?
I added them in -- 4 stars.
Post a Comment