Echo Partners Community Bank Blog

Bank Ratings and Bank Failures February 15 2013

Posted by Howard Lothrop on Feb 19, 2013 8:10:00 AM

piggy bankOn Friday February 15, the FDIC was named receiver for Covenant Bank (IL).

A link to our bank rating report is shown below.

Covenant Bank

As is typical, an examination of the financial position of this bank 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