Grandpoint Bank Earns Fifteenth Consecutive 5-Star Rating from BauerFinancial
LOS ANGELES, March 7, 2017 – Independent rating and research firm BauerFinancial has released its March 2017 bank ratings, giving Grandpoint Bank and its divisions, Bank of Tucson, Regents Bank and The Biltmore Bank of Arizona, a fifteenth consecutive quarterly 5-Star rating for strength, stability and soundness.
Based on December 31, 2016 financial data filed with the government, only banks BauerFinancial considers to be the strongest in the nation earn the 5-Star rating. Four- and five-star banks appear on BauerFinancial’s Recommended Report.
BauerFinancial has rated banks since 1983 and is regarded as “the nation’s bank rating service.” Banks cannot pay to be rated nor opt out of being rated.
Criteria for earning the 5-Star rating include the strength of the institution’s capital ratios, profitability/loss trends, 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.
Grandpoint Bank is a full service commercial bank, with total assets of approximately $3.3 billion. The Bank is a wholly owned subsidiary of Grandpoint Capital, Inc. The Bank is headquartered in downtown Los Angeles and operates 14 offices in five regions, in southern California, Arizona and southern Washington. More information about the Bank is available at www.grandpointbank.com.
Posted on Tue, March 7, 2017
by Sarah Austin