BAUER RECOMMENDS 9,381 BANKS, 1,244 S&Ls AND 282 SBs
BAUER RECOMMENDS 9,381 BANKS, 1,244 S&Ls AND 282 SBs CORAL GABLES, Fla., Nov. 4 /PRNewswire/ -- Based on an analysis
of June 30, 1991 financial data, as filed with federal regulators, on 12,158 commercial banks, 2,426 savings & loans and 448 savings banks, Bauer Financial Reports, Inc. has compiled its latest list of recommended financial institutions.
All the recommended banks, thrifts and savings banks, rated four-stars or five-stars on a scale from no-stars to five-stars, significantly exceed federal regulatory capital requirements and are well capitalized and operating profitably or suffered insignificant quarterly losses for the period ended June 30, 1991. "A variety of factors are taken into consideration in assigning our star ratings," said Paul A. Bauer, president of the research firm, "including capital adequacy, profitability, delinquent loans, repossessed assets, reserves, performance of holding companies, where applicable, and loan composition. Our rating system is designed to adjust for anticipated problems in addition to measuring the institution's present condition. "With the emphasis on bank failures," continued Bauer, "consumers are often surprised to learn how many financial institutions are strong and operating profitably." Of 12,158 commercial banks analyzed, 9,381, 77.2 percent are on the latest recommended bank list. Of 2,426 savings & loans, 1,244, 51.3 percent, made the recommended thrift list. And out of 448 savings banks, 282, 62.9 percent, are on the recommended savings bank list. Bauer Financial Reports, Inc. analyzes the financial data of all U.S. banks, thrifts and credit unions. For a free rating of your bank (one request only, please), send the name of your bank or thrift, city and state, along with a stamped, self-addressed, business sized envelope to: Free Rating, Bauer Financial Reports, Inc., P.O. Drawer 145510, Coral Gables, Fla., 33114-5510. Additional information may be obtained by calling Paul A. Bauer or Karen Dorway at 800-388-6686. -0- 11/4/91 /CONTACT: Paul A. Bauer of Bauer Communications, Inc., 305-444-3125/ CO: Bauer Communications, Inc. ST: Florida IN: FIN SU: MR-AW -- FLFNS1 -- 0531 11/04/91 07:32 EST
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|Date:||Nov 4, 1991|
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