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 proud to again receive Bauer Financial’s five-star rating for safety and soundness,” said Mark Boison, President of Forcht Bank. “This rating serves to give consumers the utmost confidence that their money is safe with Forcht Bank and that we follow only the most sound banking practices.”
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 34 banking centers in Fayette, Jefferson, Boone, Grant, Taylor, Pulaski, Laurel, Whitley, Knox, Madison, McCreary and Green County. Forcht Bank has approximately $1 billion in assets, placing it among the top 10 largest banks based in Kentucky according to the Federal Deposit Insurance Corporation (FDIC).