United Bank Receives 5-Star Rating from BauerFinancial
ATMORE, Ala. (UBAB)– United Bank is proud to announce it has maintained its 5-Star Superior rating for strength and security from BauerFinancial, the nation’s leading independent bank rating firm. The 5-Star award recognizes United Bank’s financial strength and performance and is based on profitability, capital, level of delinquent loans, charge-offs, repossessed assets and liquidity. The rankings announced are based on the bank's December 31st financial results.
BauerFinancial recommends that all financial institutions earn a 4 or 5 star rating. What this rating means for United Bank is that the institution is safe, financially sound and operating well above its regulatory capital requirements. Ratings are based on a scale of zero to five with a five star being the strongest.
Since 1983, BauerFinancial has earned the respect of federal and state regulators as a means of reporting the financial condition of banks. BauerFinancial uses the same analysis to rate all institutions and makes those ratings available for free on its web site.
About United Bank: United Bank is a $562,000,000 financial institution that has enjoyed 113 years of service. United Bank has offices in Atmore, Brewton, Flomaton, Monroeville, Frisco City, Greensboro, Bay Minette, Foley, Lillian, Loxley, Magnolia Springs, Silverhill, Spanish Fort and Summerdale in Alabama. United Bank serves Santa Rosa County, Florida in Jay, Milton and Pace. For more information about United Bank please visit our website at www.unitedbank.com. Member FDIC.
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