Panama City, Florida (June 30, 2015) —For a second consecutive year, Summit Bank N.A. is ranked in the top 50 of the healthiest banks in the United States.
Summit Bank N.A. headquartered in Panama City, Florida is rated #31 in the annual list of the Top 200 Healthiest Banks and Credit Unions in America, published by HYPERLINK "http://depositaccounts.com/" DepositAccounts.com. The listing is compiled based on an evaluation and comparison with approximately 6,998 other U.S. banks. Summit Bank N.A. ranked high in both capitalization and asset quality. The federally insured banks were graded on several factors including deposit growth, capitalization, and loan to reserve ratio.
“Summit Bank is very pleased to be ranked so high in the Top 200 healthiest banks nationwide,” said Andy Stein, Summit Bank N.A., Chief Executive Officer. “To earn this positive rating from an independent source confirms that our foundation and principles of operation are continuing to impact financial growth and client satisfaction. Our unique concierge banking services has made the difference along with the dedication of our Summit Team who continue to provide each client and business throughout Northwest Florida their best every day.”
The complete list of the Top 200 Healthiest Banks and Credit Unions in America can be found at here.
BauerFinancial, Inc., Coral Gables, Florida, the nation’s leading independent bank and credit union rating and research firm, has been reporting on and analyzing the performance of U.S. banks and credit unions since 1983. No institution pays BauerFinancial to rate it, nor can any choose to be excluded. Consumers may obtain star-ratings by visiting www.bauerfinancial.com.