Every quarter Bauerfinancial rates bank financial well-being with stars. If you're a bank you don't want your ratings to drop and you certainly don't want 2 stars - Problematic or 1 star - Troubled. And, a bank with "0" stars is in deep shit. Bauerfinancial only recommends 4 or 5 star banks.Below is the list of local banks that I have been tracking for 4 quarters. The September 30th 2009 rating appears before the bank name. The ratings, posted for December 2009, March 2010 and June 2010 appear after the name ONLY if the star rating has changed. Some I refreshed, so you would know I did check them all.
There is only one local 5 star bank left, Intercontinental Bank of West Miami. The Bank Manager said the secret to their success is "Being Purdent." U.S. Century Bank is in a downward spin with 1 star now -- moving down pretty quickly.
** 1st National Bank of South Florida, Homestead
***1/2 Bac Florida Bank, Miami
*** Bank of Coral Gables. December: **/March: */June 2010 ZERO
ZERO Bank of Miami NA, Coral Gables (June 2010 Still ZERO)
** Bank Atlantic. December: ***/March: **
(for the rest of list, hit read more)
*** Biscayne Bank, Coconut Grove. March: **/June 2010 **
***** City National Bank of Florida, Miami. March: ****/June 2010 ***
** Community Bank of Florida, Homestead
**** Continental National Bank, Miami. June 2010 ***1/2
*** Gibraltar Private Bank & Trust Coral Gables. June 2010 ***1/2
** Great Eastern Bank of Florida. March: */ June 2010 *
* Great Florida Bank, Miami. June 2010 ZERO
*** Helm Bank, Miami
***** Intercontinental Bank West Miami. June 2010 still *****
*** Intercredit Bank NA, Miami. March: **/June 2010 **
***1/2 International Finance Bank, Miami
***1/2 JGB Bank NA, Miami. March ***/June 2010
*** Marquis Bank June 2010 (was a start-up prior)
** Mellon United National Bank, Miami. December: */March ** (Changed Names Sabadell)
** Metro Bank of Dade County, Miami. December: ZERO June 2010 still ZERO
**** Northern Trust NA, Miami
ZERO Ocean Bank, Miami. June 2010 still ZERO
*** Pacific National Bank, Miami. December: **
** Plus International Bank, Miami December: ***
ZERO Premier American Bank, Miami. ADIOS - SEE FDIC (Now it is a start-up)
ZERO Republic Federal Bank NA, Miami. ADIOS - SEE FDIC
*** Sunstate Bank, Miami
*** TerraBank NA, Miami
*** Total Bank, Miami. December ** June 2010 ***
*** Translantic Bank, Miami. June 2010 ***1/2
ZERO Turnberry Bank, Aventura June 2010 Still ZERO
** Union Credit Bank, Miami. December: ZERO, June 2010 ***
*** US Century Bank, Miami. March: **, June 2010 *
10 comments:
The Bauer death rattle.
City National also has 5 stars.
Oh, I understand your notation now. They have 3 stars.
YES THEY HAVE DROPPED...I AM ON HOLD FOR INTERNCONTINENTAL....WANT TO FIND OUT THEIR SECRET FOR SUCCESS.
I don't see BankUnited.
Crap. I'm at a ZERO bank! Should I worry? Move my money out? It's insured, right and would just get taken over by someone else?
BankUnited in Miami Lakes is listed as a START-UP with no stars.
I wonder when the Herald will print the story on US Century Bank dropping to a one star? (don't hold your breath)
Haha, the US Century crooks are in trouble. But they'll manage some sort of bailout.
How is it that Gibraltar Private Bank & Trust has an upgrade from a 3 to 3 1/2 rating from Bauer when the Street.com gives them a D- rating and Bankrate.com gives them a 1 out of 5 stars rating??? Something seems quite fishy, especially in light of Gibraltar's involvement with Rothstein's Ponzi scam...
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