Federal Reserve Chairman, Jerome Powell did not bow to pressure from Potus to lower the benchmark Fed Funds target rate range (currently between 2¼ and 2½%). But, for the first time under his leadership, Powell failed to arrive at a…
Month: June 2019
New Bank & Credit Union Star-Ratings Are Out; Mergers Take a Bite, But New Institutions are Coming
June 17, 2019: BauerFinancial, Inc., Coral Gables, FL, the nation’s leading independent bank and credit union rating firm has newly released bank and credit union star-ratings (based on March 31, 2019 financial data) now available on its website, bauerfinancial.com. Star-ratings…
New Credit Union Star-Ratings Now Available
All bank and credit union star ratings and reports are now based on March 31, 2019 financial data. After dedicating the past couple of issues entirely to banks, today’s issue focuses on federally-insured credit unions …which had a very positive…
Signs of Life in De-Novo Bank Activity
Two new banks reported 1st quarter 2019 financial data for the first time and several more are in varying stages of the de novo process (see page 7). Established on 12/31/2018, 3½-Star Generations Commercial Bank, Seneca Falls, NY was the…
All Bank Star-Ratings Now Based on 1st Qtr Data
All bank star ratings and reports are now updated based on March 31, 2019 financial data. The total number of banks reporting has decreased to 5,362. That’s down 4.4% from a year earlier. No banks failed in 2018 or for…