Our 2013 Fredericksburg Business Insider sponsors |
||||
|
||||
|
||||
|
||||
|
||||
| Click here for information on sponsorships |
Business Insider
Bill Freehling is a business writer for The Free Lance-Star and Fredericksburg.com. This blog is on Fredericksburg-area business. Send an e-mail to Bill Freehling.
Three banks with local presence rated higher
Three banks with a deposit base in the Fredericksburg area improved in the Bauer Financial ratings based on first-quarter 2012 financial data.
Capital One Bank and BB&T both received a five-star rating from Bauer, up from four for the quarter ending Dec. 31. Wells Fargo Bank moved from three to three and a half. All other banks with a local presence received the same rating as the quarter before.
The first-quarter ratings, which Bauer released this week, are based on financial data including capital ratios, profitability, delinquent loans, regulatory agreements, liquidity and more.
Here are the ratings:
Five stars (“Superior”): Virginia Partners Bank, Cardinal Bank, Capital One Bank, StellarOne Bank, BB&T, First Citizens Bank & Trust.
Four stars (“Excellent”): Carter Bank & Trust, Fauquier Bank, Woodforest National Bank, Peoples Community Bank, Virginia Commerce Bank, Union First Market Bank.
Three and a half stars (“Good”): M&T Bank, PNC Bank, Wells Fargo Bank.
Three stars (“Adequate”): EVB, SunTrust Bank, Bank of America, Essex Bank.
Two stars (“Problematic”): Virginia Community Bank.
