Thursday, June 07, 2012

Ocean Bank FINALLY on the mend? By Geniusofdespair

Since September 30th 2009 I have been tracking the Bauer Financial star rating of Ocean Bank. The Bank has always had ZERO stars. I couldn't believe my eyes yesterday when they had one star. Bauer says about their ratings: "Zero-Stars is our lowest star rating. These institutions are included on our Troubled & Problematic Report and are facing considerable challenges at this time." One star means "Troubled." 5 Stars is their highest rating. U.S. Century Bank is still zero.

No comments: