Thursday, September 18, 2008

Bank Ratings

Would you like to know your bank's financial strength and stability rating?

Below are some bank rating services which you might consult. Private companies publish these services.

Disclaimer: This list should not be construed as an endorsement or confirmation by the Santa Clara City Library of information provided by these companies.

Printed Rating Services

TheStreet.com Ratings' Guide to Banks and Thrifts,
Jupiter, FL : TheStreet.com Ratings
This is a quarterly compilation of financial institutions' ratings and analyses.
It is available at Santa Clara City Library, Business Reference 332.1 T41 2008 Summer.

LACE Quarterly Financial Institution Ratings,
Frederick, Md. : LACE Financial Corporation
It is available at Cupertino and Saratoga Public Libraries within their reference departments.

Web-based Rating Services

Bankrate.com
Bankrate.com's Safe & Sound (tm) service measures and rates the strength of financial institutions. Bankrate.com evaluates the health of institutions and assigns a 1-to-5 rating, with five stars representing the highest rating. The rating service is free.

BauerFinancial, Inc.
All U.S. banks and federally insured credit unions are rated by BauerFinancial, Inc. No bank pays for this service, nor can they elect to avoid it. The star ratings can be viewed for free via its website. Financial institutions are rated from 0 to 5 stars, with five stars the highest. Reports, however, carry a fee.

Posted by mlg