Weiss Ratings Releases List of U.S. Banks Earning Rare A+ Rating 5 Years in a Row
PALM BEACH GARDENS, FL (May 9, 2018) – Weiss Ratings, the nation’s leading independent provider of ratings and analysis of financial service companies, today announced 12 U.S. banks have retained an A+ rating for the last five years. Weiss Ratings recognizes these 12 banks as “Weiss Recommended” banks offering excellent financial stability for its customers, vendors and employees.
“Out of the 5,629 U.S. banks that we rate, only 12 banks, or .02%, have earned this distinction,” said Gavin Magor, Ratings Director. “Achieving an A+ Weiss Financial Strength Rating for five straight years is a rare achievement.”
Of the 12 banks, 11 were community banks, with total assets less than $1B, proving size really doesn’t matter when it comes to financial stability.
Other interesting findings:
- Six of the banks were located in Iowa or Texas (three each)
- First Security Bank was the largest bank on the list with $5B in Assets (the only one above $1B)
- Reynolds State Bank, the oldest bank on the list (est. 1888) was the only Illinois bank
|
Institution Name |
City |
State |
|
Citizens Bank |
Carthage |
TN |
|
Citizens 1st Bank |
Tyler |
TX |
|
Farmers Trust & Savings Bank |
Williamsburg |
IA |
|
First Bank of Boaz |
Boaz |
AL |
|
First Piedmont Federal Savings and Loan Association of Gaffney |
Gaffney |
SC |
|
First Security Bank |
Searcy |
AR |
|
Iowa State Bank |
Des Moines |
IA |
|
New Albin Savings Bank |
New Albin |
IA |
|
Reynolds State Bank |
Reynolds |
IL |
|
St. Henry Bank |
Saint Henry |
OH |
|
Texas Bank |
Brownwood |
TX |
|
Waggoner National Bank of Vernon |
Vernon |
TX |
Weiss Ratings’ proprietary model uses more rigorous standards than other rating agencies, placing greater emphasis on a company’s future financial solvency and its ability to withstand severe economic adversity. For this reason, a company receiving this financial strength rating demonstrates itself to be among the industry’s elite.
For a complete list of Weiss Ratings’ strongest and weakest banks, visit weissratings.com/banks
About Weiss Ratings
Weiss Ratings is the nation’s leading independent provider of ratings and analysis of financial service companies, evaluates the financial strength of more than 19,000 institutions. Weiss accepts no payment or other compensation for its ratings from rated institutions. WeissRatings.com is a destination site to help consumers and professionals make informed financial decisions. It also distributes independent investment ratings on publicly traded companies, mutual funds, and ETFs.
For more information contact:
Rachel Toedter
561-282-1025
rtoedter@weissinc.com