ANB Bank has once again earned the highest rating from a national bank rating firm.
ANB Bank qualified as a Blue Ribbon Bank in an evaluation by Veribanc for the first quarter.
“We are pleased to continually be recognized by outside financial analysts for our strong financial condition,” said Koger Propst, president of ANB Bank. “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 achieve Blue Ribbon status, banks must receive the highest Green, Three-Stars rating. Veribanc bases its rating on information from the Federal Reserve Bank call report in assessing capital strength, asset quality, management, earnings, liquidity and sensitivity to market risk. Banks also are evaluated according to safety related criteria. The designation is among the oldest national accolades presented to banks by private-sector analysts.
In addition to the Blue Ribbon Bank designation, ANB Bank also has received the Green Five-Star rating with BauerFinancial.
A member of the Sturm Financial Group headquartered in Denver, ANB Bank operates a total of 30 locations across Colorado, Wyoming and Kansas and has more than $2.4 billion in assets, ranking in the top
6 percent of banks nationwide by size. ANB Bank operates four locations in the Grand Valley.
For additional information about the bank, visit the Web site at www.ANBbank.com.