Forcht Bank has 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.
“We are excited to once again receive Bauer Financial’s five-star rating for safety and soundness,” said Tucker Ballinger, President of Forcht Bank. “This independent rating serves as a reminder to our customers that their money is safe and secure with Forcht Bank, and that we utilize only the best banking practices in our everyday operations.”
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.