New Resource Bank Receives A+ Rating for Financial Health
For the second year in a row, New Resource Bank has received an A+ rating from DepositAccounts.com, putting the bank in the top 10% nationally for financial health.
DepositAccounts.com calls itself, “the largest consumer destination in the United States maintaining a dedicated focus on depository banking products.” Each quarter it ranks the more than 6,900 federally insured banks in the U.S. and rates them by various factors including capitalization, deposit growth, and loan to reserve ratios. The bank’s A+ is the highest possible rating and, according to DepositAccounts.com, “signifies its outstanding performance in achieving exceptional fiduciary standing.” New Resource Bank has achieved 14 consecutive quarters of profitability.
“We are very pleased to score in the top 10% of banks nationwide for our strong financials. Our financial health is thanks to our strong capital position, high liquidity and commitment to lending to socially and environmentally responsible companies,” said Vince Siciliano, president and CEO of New Resource Bank.
Read more about the rating and about DepositAccounts.com evaluation of NRB.