Echo Partners Community Bank Blog

Bank Ratings and Bank Failures October 19 2012

Posted by Howard Lothrop on Oct 22, 2012 11:42:00 AM

piggy bankOn Friday October 19, the FDIC was named receiver for Excel Bank (MO), First East Side Savings Bank (FL) and GulfSouth Private Bank (FL).

A link to our bank ratings reports is shown below.

Excel Bank

First East Side Savings Bank

GulfSouth Private Bank

As is typical, an examination of the financial position of these banks indicates well below normal capital levels and well above normal noncurrent loans. 

You can learn more about our bank ratings system, including video tutorials, on our website.

Photo provided by Nina Matthews Photography

Topics: bank regulators, Bank Ratings