Eighth Consecutive Quarter of BauerFinancial 5-Star Rating for Grandpoint Bank and its Divisions
Posted by Admin
It means a lot to us to have our clients’ trust, and we work hard to maintain it. We know you want to have top-notch business advisors and a rock-solid financial institution at your disposal, and on that note, we’re happy to share that Grandpoint Bank and its divisions The Biltmore Bank of Arizona, Regents Bank and Bank of Tucson received an eighth consecutive 5-Star rating for strength, stability and soundness from independent rating and research firm BauerFinancial. The five star rating, which was based on March 31, 2015 financial data, goes only to banks that are considered the strongest in the nation.
BauerFinancial is regarded as “the nation’s bank rating service,” and banks cannot pay to be rated nor opt out of being rated. Ratings, which range from zero to five stars, are determined by a bank’s capital strength, asset quality and profitability, using quarterly financial reports filed with the government by each bank, with historical comparison for consistency.
First quarter results also earned Grandpoint and its divisions another A+ health rating from DepositAccounts.com, an independent bank health monitoring publication covering banks for nearly a decade. Grandpoint has earned their A+ rating for 17 consecutive quarters.
DepositAccounts.com provides information about bank health free of charge to consumers. Using a proprietary algorithm, DepositAccounts.com’s ratings reflect the strength and stability of more than 14,000 financial institutions.
Thanks to all of our wonderful team members and clients who help make this possible.
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