Business News • MarketWire • Seacoast Commerce Bank Receives 5-Star "Superior" Rating From BauerFinancial, Inc. |
Seacoast Commerce Bank Receives 5-Star "Superior" Rating From BauerFinancial, Inc. |
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Seacoast Commerce Bank Receives 5-Star "Superior" Rating From BauerFinancial, Inc.
SAN DIEGO, CA--(Marketwired - January 02, 2015) - Seacoast Commerce Bank, a wholly-owned subsidiary of Seacoast Commerce Banc Holdings (OTCQB: SCBH), announced today that it received a 5-Star "Superior" rating for financial strength from BauerFinancial, Inc., the nation's leading bank rating firm which has been providing bankers and consumers with independent ratings since 1983. BauerFinancial, Inc. rates all banks and credit unions on a zero-to-five star scale with 5-Stars, or Superior, being the strongest rating. A 5-Star rating indicates, among other things, that the institution has at least twice the capital strength that regulators require, the institution is sufficiently profitable, and has kept its delinquent loans in check. Seacoast Commerce Bank's rating can be found on Bauer's Recommended Bank Report at http://www.bauerfinancial.com/btc_ratings.asp.
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