Forcht Bank has once again received a five-star “superior” rating from Florida-based Bauer Financial, Inc., the nation’s leading independent bank rating and research firm. Bauer Financial has been the trusted rating source for bankers and consumers since 1983. Forcht Bank has received the independent agencies highest rating for two consecutive quarters.
“We are excited to once again receive Bauer Financial’s five-star rating for safety and soundness,” said Tucker Ballinger, President of Forcht Bank. “As a community bank we understand the responsibility that our customers give us with their finances, and this independent rating reinforces the extraordinary effort we put into keeping their finances safe and sound.”
The rating for Forcht Bank places it on Bauer Financial’s “recommended” banks list based on financial soundness and capitalization. Forcht Bank is operating well above its regulatory capital requirements and is considered “well capitalized”. Five-star institutions generally have twice the capital required by regulators.
Forcht Bank (www.forchtbank.com) operates 30 banking centers in Fayette, Jefferson, Boone, Grant, Taylor, Pulaski, Laurel, Whitley, Knox, Madison, McCreary and Green County.