Recently, my newspaper reported that a local bank ?...earned a four star excellence rating for the sixty-fourth consecutive quarter.? That?s sixteen years of four star excellence! The article went on to say that the ?rating is based on a complex formula that includes ?capital safety levels, quality of loan portfolio, and the ability to meet obligations?? The press release was designed to showcase the value of this bank and demonstrate its prominent position in the economy.
As a former banker with over seventeen years of commercial experience, I chuckle at this information being tossed around by the bank and its regulatory agencies for self promotion and marketing purposes. I suppose that if you are a blue-hair whose purpose is to find somewhere other than under t View the rest of this article
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