Vail Valley: American National Bank honored for its financial condition
Vail, CO, Colorado
American National Bank – which has three branches in the Vail Valley – has again received the highest rating as a Blue Ribbon Bank from VERIBANC, Inc., an independent, national bank rating firm.
Based on recent financial data obtained from the Federal Reserve Bank’s Call Report for the Second Quarter 2010, VERIBANC qualified American National Bank as a Blue Ribbon Bank using an eigh- level rating system, plus satisfying additional safety-related criteria.
To qualify for Blue Ribbon Bank status, banks must receive VERIBANC’s highest rating, which includes all six factors that the federal regulators use – capital strength, asset quality, management, earnings, liquidity, and sensitivity to market risk.
“It’s always good to be recognized by outside financial analysts, especially in these unprecedented economic times,” said Bret Hooper, market president. “As a large, independent bank, receiving an award like this demonstrates our commitment to our customers and shareholders in maintaining our financial strength.”