News & Views
Five Star Rating for Financial Soundness
GRB has been awarded five stars in Bankrate.com's Safe and Sound Ratings Service for the quarter ended September 30, 2011. A 5-star rating is the highest award rating and is defined as a "Superior" ranking of financial strength and stability.
For over 14 years, Bankrate.com's Safe and Sound service has given consumers information on the relative financial strength and stability of US commercial banks, savings institutions, and credit unions.
"Now more than ever, consumers need to know that their money is safe," said Thomas R. Evans, President & CEO of Bankrate.com. "Historically, when financial institutions receive one of our 4 or 5 starSafe & Sound ratings, it has been a strong indicator of their financial health," Mr. Evans added.
Bankrate's Safe and Sound ratings are comparisons to both industry peer norms and standards. Individual performance levels are determined from publicly available regulatory filings and are compared to asset-size peer norms, industry standards, and key absolute benchmarks. To learn more about Bankrate's Safe & Sound ratings methodology, click here.