Grandpoint Bank and its Divisions Awarded BauerFinancial 5-Star Rating
Grandpoint Bank and its divisions, The Biltmore Bank of Arizona, Bank of Tucson and Regents Bank received a 5-Star rating for strength, stability and soundness from independent rating and research firm BauerFinancial, based on December 31, 2014, financial data. This is the seventh consecutive quarter Grandpoint has earned a 5-star rating, which BauerFinancial awards only to banks that are considered the strongest in the nation.
BauerFinancial is regarded as “the nation’s bank rating service,” and has been analyzing the performance of banks and credit unions since 1983. Ratings are determined by the bank’s capital strength, asset quality and profitability.
BauerFinancial’s analyses are made using quarterly financial reports filed with the government by each bank or credit union, with historical comparison for consistency. Its star-rating is assigned based upon a scale of zero to five stars. Banks cannot pay to be rated nor opt out of being rated.
Grandpoint and its divisions also received an A+ rating from DepositAccounts.com, an independent bank health monitoring publication covering banks and bank deals for nearly a decade. This rating was also based on fourth quarter 2014 financial data.
DepositAccounts.com provides information about bank health free of charge to consumers. The company’s ratings are an indication of more than 14,000 banks’ and credit unions’ strength and stability based upon DepositAccounts.com’s proprietary algorithm.
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