As we gladly say goodbye to 2020 and head into the unknown of 2021, BAUERFINANCIAL, Inc., the nation’s premier Bank and Credit Union rating firm, would like to recognize the hard work of the employees of our nation’s financial institutions.…
Bank, Credit Union Employees Among 2020’s Unsung Heroes
Coral Gables, Florida, December 17, 2020 Coral Gables, FL: As we gladly say goodbye to 2020 and head into the unknown of 2021, BauerFinancial, Inc., the nation’s premier Bank and Credit Union rating firm, would like to recognize the hard…
All New Bank Ratings and Data
September 30th bank data and ratings are out and while net income for the industry as a whole ($51.2 billion) was up 173% from second quarter, it was still down 10.7% from last September. It is really a tale of…
New Bank Charters May Lead to Confusion
If starting a new bank during a pandemic seems like a daunting task, it’s because it is. Just ask the organizers of would-be Coastal Community Bank, N.A. (in organization), Hollywood, FL. The bank was on course to open with an…
Community Banks Go Extra Mile
What makes a community bank different from other banks? Much depends on the size of the bank, but what’s more important is the focus. A true community bank knows that its success hinges on the success of the community it…
The Majority of the Minority
According to the U.S. Census Bureau, Asian Americans and Pacific Islanders constitute about 6% of the U.S. population. They also control half of the nation’s minority owned banks. Most of these banks have strong ratings and histories, which is good…
Changing Habits, Closing Stores
As the nation’s bank rating firm, it’s Bauer’s job to stay on top of things like Commercial Real Estate (CRE). While not automatically a sign of impending trouble, too much of anything (i.e. concentration in one type, growth, bad loans,…
Cyber-Fraud Reaches Pandemic Levels
Federal Regulators are required to submit Suspicious Activity Reports (SARs) to the Treasury for a number of different reasons and scenarios, but it all boils down to one: Fraud and Crime Prevention. In August 2018, a new sub-category was added…
Deposits Increase at Record Pace
Total deposits in U.S. banks increased 8.5% ($1.2 Trillion) during the first quarter of 2020 and 13.3% for the 12 month period. With interest rates near zero, and much of the influx coming from PPP loans, which by nature will…
Paycheck Protection Program (PPP) Round 2
With constantly changing rules and rising fear that the loans may not be forgiven, the stampede for Paycheck Protection Program Loans (PPP) money slowed to a trot. Phase 1 dollars were all tapped in less than weeks; as of June…