Banks Brace for Rate Cuts, Credit Card Crunch
The FDIC put a positive spin on second quarter bank results, and with good reason. There was a lot to be pleased about: · Net Income was up 4.1% from second quarter 2018 for the industry while Community Banks reported an…
New Bank & Credit Union Star-Ratings; Bauer Stresses Importance of Staying Informed as Industry Consolidates
September 12, 2019: BauerFinancial, Inc., Coral Gables, FL, the nation’s leading independent bank and credit union rating firm, is proud to announce that over 200 institutions have just earned its highest (5-Star) rating, that previously had not. The new ratings,…
Mutual Bank Growth Through Conversion
Unlike commercial banks, mutual banks are community banks with no stockholders or direct ownership. They are co-ops, owned by the depositors themselves. Originally created to promote savings and home-ownership, the first mutual was established in Boston in 1816. Historically, Massachusetts…