Intracoastal Bank Earns Bauer 5-Star “Superior” Rating

Bauer Financial Inc. has recognized Intracoastal Bank with its highest rating of 5-Stars based upon its results from its financial condition as of the third quarter that ended on Sept. 30, according to a media release.  This rating indicates that Bauer Financial considers Intracoastal Bank to be a superior financial institution. 

“We are elated Intracoastal Bank continues to be recognized as one of the safest and strongest financial institutions in the country,” said Intracoastal Bank President Ryan Page, in the release. “We are thrilled to offer our community a top quality local alternative with a proven record of achieving the exclusive status of being considered superior and highly recommended by a respected, nationally recognized bank rating agency like Bauer Financial Inc.”

Bauer Financial has been reporting on and analyzing the performance of U.S. banks and credit unions since 1983. Star ratings are assigned on a scale of zero-to-five stars (5-stars being the strongest) and are based on the current overall financial picture of the bank, the release states.

Intracoastal Bank is a wholly owned subsidiary of Intracoastal Bancorp, Inc. Intracoastal Bank is a locally owned and operated financial institution.