DepositAccounts.com, a subsidiary of LendingTree, has released its 2019 analysis of the healthiest banks in America and has given First Bank of the Palm Beaches an “A” rating for financial health.
Each quarter, DepositAccounts.com evaluates the financial health of over 10,000 banks and credit unions in the United States and determines bank rankings on a number of factors including capitalization, deposit growth, and loan-to-reserve ratios.
“First Bank’s commitment to being the best banking solution for individuals, families, and businesses keeps our focus on exceptional service and efficient, convenient solutions,” said Jay Shearouse, Chairman and Chief Executive Officer of the Bank. “As a result, we’ve experienced remarkable growth while maintaining a very healthy bottom line. It’s proof that if you focus on what matters, the rest will fall into place.”
“We believe it is important to give consumers a way to evaluate the financial health of their institutions,” said Ken Tumin, founder of DepositAccounts.com. “Our list empowers consumers to make informed decisions when selecting a financial institution.”
DepositAccounts.com is the largest and most comprehensive online publication in the U.S. dedicated to banking and deposits product information for consumers. It covers every federally insured bank and credit union and utilizes its patented technology to track approximately 275,000 consumer deposit rates, each updated nightly. The site features more than 11,000 editorial articles detailing depository strategies and highlighting current bank rates and offers. It is also home to one of the largest communities of depositors on the Web, hosting more than 100,000 comments, customer reviews, and forum threads.