Bank earns top marks from rating firm

Koger Propst

ANB Bank once again has earned the highest ratings from an independent bank rating firm.

ANB Bank was named a Blue Ribbon Bank by Veribanc based on information from the Federal Reserve call report for the third quarter.

ANB Bank has earned the Blue Ribbon designation for seven consecutive quarters.

“We are pleased to continually be recognized by outside financial analysts for our strong financial condition,” said Koger Propst, bank president. “As a large, independent bank, receiving this designation reinforces the commitment we make every day to our customers, shareholders and community to maintain our financial strength.”

To qualify for the Blue Ribbon designation, banks must earn the highest Veribanc ratings for asset quality, capital strength, earnings, liquidity, management and sensitivity to market risks.

In addition, banks must meet safety related criteria.

The Blue Ribbon Bank designation is the oldest accolade presented to banks by private sector analysts.

ANB Bank also achieved a Green Five-Star rating from BauerFinancial, which has analyzed and reported on the financial conditions of the national banking industry since 1983.

A member of the Sturm Financial Group, ANB Bank operates a total of 35 locations in Colorado, Kansas and Wyoming. For more information, visit www.anbbank.com.

 

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Posted by on Jan 9 2013. Filed under Business Briefs. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.

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