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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.

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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.

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Permalink: http://news.fredericksburg.com/businessbrowser/2012/06/07/three-banks-with-local-presence-rated-higher/

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