OREGON COAST BANK
909 SE Bay Boulevard
PO Box 2280
Newport, OR 97365
Oregon Coast Bank Receives Top Bank Safety Rating
For Immediate Release
Thursday, September 4, 2014
Contact: Fred Postlewait
Oregon Coast Bank
Newport, OR – Bankrate.com, an independent financial ratings service, has published their online Safe & Sound® Ratings System including 1st and 2nd Quarter 2014 data. Oregon Coast Bank, which is headquartered in Newport, was awarded five stars, the highest possible ranking. Just three other banks with offices in Oregon received the coveted five star rating.
The Safe & Sound® Ratings System employs more than 20 forms of analysis to measure the asset quality, capital adequacy, profitability and liquidity of all American commercial banks, savings institutions and credit unions. Using publicly available regulatory filings, Bankrate.com determines each institution’s performance levels compared to asset-size peer norms, industry standards and key benchmarks.
“To be able to view solid independent analysis of the financial health of every bank in the country is a real advantage for consumers,” remarked Fred Postlewait, President and Chief Executive Officer of Oregon Coast Bank. “The Safe & Sound® Ratings System provides important information and we’re proud that our bank continues to receive a five-star rating.”
Locally owned and operated, Oregon Coast Bank has offices in Newport, Pacific City, Lincoln City, Waldport and Toledo. The bank has more than $175 million in assets and has invested $483 million into the central coast economy in the form of loans to local families and businesses.
To view the complete report on Oregon Coast Bank, or study the health of any financial institution in the country, visit Bankrate.com.