PRTODAY / NewswireToday Free press release distribution service network

Written by / Agency / Source: Ingenuity Marketing Group

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

BauerFinancial, Inc. Gives Platinum Bank Highest Rating for Clean and Growing U.S. Banks - Based on year-end 2010 results, Platinum Bank in Minnesota received the highest five-star rating from BauerFinancial, Inc., which has independently analyzed and reported on the performance of U.S. banks and credit unions since 1983 - PlatinumBankMN.com
BauerFinancial, Inc. Gives Platinum Bank Highest Rating for Clean and Growing U.S. Banks

 

NewswireToday - /newswire/ - Saint Paul, MN, United States, 2011/05/12 - Based on year-end 2010 results, Platinum Bank in Minnesota received the highest five-star rating from BauerFinancial, Inc., which has independently analyzed and reported on the performance of U.S. banks and credit unions since 1983 - PlatinumBankMN.com.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Financial/Legal/Venture Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

“It is rewarding to have independent banking research like this confirm the quality of our bank,” said David Rom, President of Platinum Bank, of the five-star rating the community bank received from respected banking data resource, BauerFinancial Inc. “It’s a strong indicator for our customers that Platinum Bank is financially sound and growing.”

Only the best-performing banks in the country receive a prestigious five-star rating. In addition to a healthy capital ratio as required by federal regulatory requirements, BauerFinancial rates banks based on profit and loss trends, the level of delinquent loans, chargeoffs and repossessed assets, the market vs. book value of the investment portfolio, regulatory supervisory agreements, the Community Reinvestment Rating (CRA), historical data and liquidity, among others. The proprietary Star-Rating system includes other criteria not disclosed.

Banks cannot pay for a rating and aren’t rated by BauerFinancial until they have been operating at least 2.5 years, which allows a more accurate picture of bank performance. Banks must get at least 3.5 stars to be considered good performers. Three stars or less indicates average performers to very troubled institutions. Platinum Bank opened its doors in 2007 and has maintained a clean loan portfolio, avoiding the speculative lending that led to many bank closings and consolidations in the last few years.

“There is a big difference between a five-star and a three-star bank in their ratings,” Rom noted.

In 2010, Rom noted that loan growth at Platinum Bank was 22 percent. This year, he estimates more double-digit growth. New business has come primarily from small business owners leaving larger institutions and reestablishing credit at Platinum Bank as well as financing for new ventures and owner-occupied commercial real estate.

“We are confident that Platinum Bank will continue to be a key partner to small businesses as they set plans in motion to launch new products or services or expand in the coming year,” Rom said.

Platinum Bank (platinumbankmn.com) provides both consumer and business banking products and services, including convenient online banking and remote business services. The bank ended 2010 with assets of $103 million.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Financial/Legal/Venture Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: Ingenuity Marketing Group

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Financial/Legal/Venture articles,
CATCH Visitors via Your Competitors Announcements!


BauerFinancial, Inc. Gives Platinum Bank Highest Rating for Clean and Growing U.S. Banks

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

|
Publisher Contact: Christine Nelson - IngenuityMarketing.com 
651-690-3358 christine[.]ingenuitymarketing.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Ingenuity Marketing Group securities in any jurisdiction including any other companies listed or named in this release.

Financial/Legal/Venture via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From Ingenuity Marketing Group / Company Profile


Read Financial/Legal/Venture Most Recent Related Newswires:

Infinera to Participate in Upcoming Investor Conference
Propel Financial Services Partners with Clear Payment Solutions
Digital Payments Power Growth in Booming Asia-Pacific Financial Technology Landscape Notes Frost & Sullivan
Digital Readiness Key to Growth Opportunities in the Financial Services Market
Prairie Capital Advisors Announces The Sale of Cornerstone Treatment Facilities Network to An ESOP
Koch Agrees to Invest Over $2 Billion in Infor
FTI Consulting Recognized as a Top Service Provider in the Legal Industry
GE Completes Spin Off and Demerger of Bank BPH Core Bank to Alior Bank
ALM Expands Senior Leadership Team, Organization Focused on Customers and Transformation
Lazard Acquires Remaining 50% Stake in MBA Lazard - Fully Integrating its Latin American Operations
Western Union Business Solutions Announce Mark Davis As Head of Australia and New Zealand
Tabarak Investment Capital and Elite Capital & Co. Limited in Discussion to Finance Projects
Consulting Magazine Unveils the Profession’s Fastest Growing Firms At Inaugural Gala
Hills Invest Signs An Agreement with The Afore Profuturo in Mexico
TRA Searches for TPA Acquisition Opportunities

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  BizJobs.com

Visit  Triggr & Bloom





 
  ©2016 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)