909 SE Bay Boulevard
PO BOX 2280
Newport, OR 97365
Oregon Coast Bank Receives Five Star National Rating
For Immediate Release
Friday, March 6, 2014
Contact: Fred Postlewait
Oregon Coast Bank
Newport, OR – Bankrate.com, an independent financial analysis company, recently updated their online Safe & Sound® Ratings System to include 4th Quarter 2013 data. A local institution, Oregon Coast Bank, received five stars, the highest possible rating. Only four other banks with offices in Oregon received the coveted five star rating.
Bankrate.com evaluates the financial condition of U.S. commercial banks, savings institutions and credit unions and assigns a 1-to-5 rating to each institution. The Safe & Sound® Ratings System employs more than 20 tests to measure the capital adequacy, asset quality, profitability and liquidity of each rated financial institution. Performance levels are determined from publicly available regulatory filings and are compared to asset-size peer norms, industry standards and key absolute benchmarks.
“Thanks to the Internet, non-biased analysis of the financial health of every bank in the country is now readily available,” commented Fred Postlewait, President and Chief Executive Officer of Oregon Coast Bank. “That’s important information for consumers, especially when they are choosing a bank.”
Oregon Coast Bank is a locally owned and operated community bank with offices in Newport, Pacific City, Lincoln City, Waldport and Toledo. The bank has over $174 million in assets and has invested more than $462 million into the central coast economy in the form of loans to local families and businesses.
To see the complete report on Oregon Coast Bank, or to study the financial health of any bank in the country, visit Bankrate.com.