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The 359 safest banks in America (check your state)
MSN ^ | 7-13-12 | Sara Glakas

Posted on 07/16/2012 10:37:44 PM PDT by STARWISE

The following institutions, grouped by state, boast perfect scores using a method developed to diagnose failing banks.

###

The relationship Americans have with their banks used to be based on trust.

As well it should be. In many ways, banks make some of our biggest financial dreams come true.

We go to the bank when we want to buy our dream home, and again when we remodel the kitchen. Our bank helps us buy that great new car we've been thinking about. When we retire, the bank turns a lifetime of savings into income by paying us interest on money-market and savings accounts, and on certificates of deposit.

We trust banks to protect our hard-earned money. We expect that every dollar we put into our bank will be held safe until we come back for it.

But what if the bank doesn't deserve our trust?

In America, we have let our guard down in our banking relationships. We assume that everything will be fine if our bank fails. After all, the Federal Deposit Insurance Corp. insures our deposits up to $250,000. Why worry?

I hate to be the one to break this to you, but the FDIC's Deposit Insurance Fund -- aka the money used to cover bank failures -- has been all but drained.

(Excerpt) Read more at money.msn.com ...


TOPICS: Business/Economy; Front Page News; Government; News/Current Events; US: Michigan
KEYWORDS: banking; banks; fdic; goingbroke; michigan; safebanks; safestbanks; safety; top10
From Ann Barnhardt about this info:

~ ~ ~

The Top Banks in the U.S.
Posted by Ann Barnhardt - July 16, AD 2012 7:01 PM MST

Here is the list of all of the banks in the U.S. that scored a PERFECT 0.0 on the "Texas Ratio" metric. Looking at the list, I actually know a couple of the banks in the central U.S., and thought to myself, "Yep. Not surprised to see them on the list. Good people."

I'm linking directly to the beginning of the list on page 2 of the story. The rest of the states are on page 3.

CLICK HERE FOR THE LIST.

If you're looking to move your money into a good bank, here's a good list to start from, but remember, just moving into a good bank won't provide 100% security. No bank can protect you from hyperinflation.

Parenthetically, Obama announced today that his "second-term plan" is a massive increase in government spending, which is just more looting of the Treasury into the hands of his oligarch cronies. He used the Orwellian term "investment."

They are, without any question, executing the Cloward-Piven strategy of total economic and societal collapse in order to achieve complete dictatorial power.

Also, there is a real possibility that the Obama regime, being that its objective is fascism, will move to nationalize all banks. But, these banks on this list might give you more TIME.

1 posted on 07/16/2012 10:37:53 PM PDT by STARWISE
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To: onyx; penelopesire; maggief; hoosiermama; SE Mom; Liz; rodguy911; Fred Nerks; Red Steel; ...

.. Ding!

I’m using several lists to get this news out, so please forgive duplications, pass it on.

Article note:

Out of more than 7,300 banks in America, just 359 achieved a perfect Texas Ratio of 0.0. They are listed on the following pages, sorted by state (no banks qualified in Alaska, Hawaii, Maine, New Hampshire, South Carolina or Vermont).


2 posted on 07/16/2012 10:42:37 PM PDT by STARWISE (The overlords are in place .. we are a nation under siege .. pray, go Galt & hunker down)
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To: STARWISE

Amusingly, more of the safest banks are in Texas than anywhere else.

Guess we learned something from the last go-round; most other people don’t seem to have.


3 posted on 07/16/2012 10:44:47 PM PDT by Spktyr (Overwhelmingly superior firepower and the willingness to use it is the only proven peace solution.)
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To: STARWISE
After all, the Federal Deposit Insurance Corp. insures our deposits up to $250,000. Why worry?

I hate to be the one to break this to you, but the FDIC's Deposit Insurance Fund -- aka the money used to cover bank failures -- has been all but drained.

So? Congress will make sure it's funded, or else trigger the mother of all bank runs.

4 posted on 07/16/2012 11:04:35 PM PDT by Ken H
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To: STARWISE

And that’s why I only keep enough in my checking and savings to pay bills plus some online shopping.

If I need to buy more online I load up an account.

Luckily, my dog somehow got a hold of my wallet last night and shredded my cards, my license, my gun Certifications and licenses, my quick passport card.

Worst part was the wallet. I can order all that other stuff shiny new but, the wallet was a Johnston & Murphy and it took me 6 years to wear this thing in.

Drove down to Johnston & Murphy to get another one and they were closed. I was agitated with a pile of plastic and money sitting on my console.

I thought “Hey, who cares anyway?”

Answer came back “No one”.

So I went to Marshalls and found a nice wallet for $4.95 and they had a real nice walking stick for the same price.

Not bad and the little guy who used my wallet for a nylabone has been real cooperative and real attentive since yesterday.

I didn’t do a thing to him cuz what are you gonna do? He’s still a puppy.

But, he is just plain been easy all day.

Long dumb story off...


5 posted on 07/16/2012 11:13:14 PM PDT by Vendome (Don't take life so seriously, you won't live through it anyway)
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To: STARWISE

With any luck some day we will one day see many more reports about the stability of local banks. That is one of the traits of a free banking era.


6 posted on 07/16/2012 11:26:47 PM PDT by Monorprise
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To: Ken H

Funded with... what?

We’re rapidly approaching a point where the answer to that question becomes increasingly interesting.


7 posted on 07/16/2012 11:42:25 PM PDT by NVDave
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To: STARWISE
When we retire, the bank turns a lifetime of savings into income by paying us interest on money-market and savings accounts, and on certificates of deposit.

Maybe at the interest rates paid 10 years ago but not on today's rates.

Today you lose about 3% or more in purchasing power on deposits every year.


8 posted on 07/16/2012 11:59:25 PM PDT by Iron Munro ("Jiggle the Handle for Barry!")
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To: NVDave
Funded with... what? We’re rapidly approaching a point where the answer to that question becomes increasingly interesting.

True, but as long as Congress CAN fund the FDIC, it will. The fact that it is low on funds at the moment is not of concern.

9 posted on 07/17/2012 12:11:55 AM PDT by Ken H
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To: STARWISE

BTTT


10 posted on 07/17/2012 1:35:42 AM PDT by E.G.C.
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To: Vendome

Very entertaining story. Thank you.


11 posted on 07/17/2012 2:45:50 AM PDT by Actually_in_Tokyo (ahead of the game)
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To: STARWISE

Thanks.


12 posted on 07/17/2012 5:44:36 AM PDT by lysie
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To: STARWISE

Where is the list of the 700 worst banks?


13 posted on 07/17/2012 5:46:13 AM PDT by 1010RD (First, Do No Harm)
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To: 1010RD
The bad list is the ones not on the list.

I don't use banks any more. I use Navy FCU and Northwest FCU.

14 posted on 07/17/2012 5:50:40 AM PDT by bmwcyle (Corollary - Electing the same person over and over and expecting a different outcome is insanity)
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To: STARWISE
No bank can protect you from hyperinflation.

I'd be happy just to find one that would protect me from inflation. Every dollar I keep in a bank loses value.
15 posted on 07/17/2012 5:55:20 AM PDT by LearsFool ("Thou shouldst not have been old, till thou hadst been wise.")
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To: STARWISE

Interesting...
The Indiana banks are one or two branch tiny operations, while Forethought is/was Hillenbrand’s Funeral Financing arm, until it was divested in 2004.

Now it’s an independent operation under the Hillenbrand umbrella.


16 posted on 07/17/2012 5:55:29 AM PDT by tcrlaf (Election 2012: THE RAPTURE OF THE DEMOCRATS)
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To: STARWISE

Nobody, but nobody rings my bells as completely as Ann Barnhardt. If the internet sank and I could save just one site, it’d be hers.


17 posted on 07/17/2012 5:55:55 AM PDT by Lady Lucky (If you believe what you're saying, quit making taxable income.)
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To: Vendome

My friend trains puppies and if a Johnston & Murphy wallet works as well as you say...


18 posted on 07/17/2012 6:04:02 AM PDT by 1010RD (First, Do No Harm)
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To: Vendome

May fortune shine on your new wallet.

BTW — Bacon wallets make wonderful gifts.

http://www.bonanza.com/listings/Deluxe-Bacon-Wallet-New-in-Box-Faux-Leather/84500815

Full disclosure: Not my bonanza booth, I just like to recommend bonanza first, when it comes to online shopping. They are seller friendly, unlike amazon and ebay.


19 posted on 07/17/2012 6:06:45 AM PDT by Lady Lucky (If you believe what you're saying, quit making taxable income.)
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To: STARWISE

The ones listed for IN are small local banks. I bank with small local banks.


20 posted on 07/17/2012 6:26:29 AM PDT by hoosiermama (Obama: "Born in Kenya" Lying now or then.)
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To: STARWISE

*


21 posted on 07/17/2012 7:17:26 AM PDT by PMAS
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To: Salvation

ONLY ONE Bank in Oregon....PING!!!


22 posted on 07/17/2012 7:38:17 AM PDT by goodnesswins (What has happened to America?)
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To: Lady Lucky

LOL

I should get one for my brother’s birthday.

great idea.


23 posted on 07/17/2012 8:13:30 AM PDT by Vendome (Don't take life so seriously, you won't live through it anyway)
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To: 1010RD

I know! LOL


24 posted on 07/17/2012 8:14:25 AM PDT by Vendome (Don't take life so seriously, you won't live through it anyway)
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To: STARWISE

Where’s “Fred’s Bank”?

“Hi, I’m Fred, I have a bank, you got $1500, I’ll put here … in my white suit. White suit pocket.”


25 posted on 07/17/2012 8:20:18 AM PDT by dfwgator (FUJR (not you, Jim))
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To: Purdue Pete

Ping!


26 posted on 07/17/2012 8:39:46 AM PDT by lucyblue
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To: dfwgator

Blast fromt he past. Haven’t heard that line in quite some time. I still have the album...what I don’t have is a turntable.


27 posted on 07/17/2012 8:52:55 AM PDT by Sergio (An object at rest cannot be stopped! - The Evil Midnight Bomber What Bombs at Midnight)
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To: STARWISE

Helpful advice! Thanks!


28 posted on 07/17/2012 10:11:15 AM PDT by Albion Wilde ("Real men are not threatened by strong women." -- Sarah Palin)
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To: STARWISE

GULP....I don’t see SunTrust on Maryland’s list....:(


29 posted on 07/17/2012 5:14:30 PM PDT by gimme1ibertee (If you want to kick a tiger in the ass, you better have a plan for dealing with his teeth.)
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To: STARWISE; raccoonradio
Winter Hill Bank, Somerville

Where Whitey Bulger keeps his money?

No, with a name like that, they have to be really, really, really honest.

30 posted on 07/17/2012 5:36:41 PM PDT by x
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To: STARWISE

Why are we trusting an MSN list of safe banks?

Was this list made up by libs for their lib friends who are milking these banks?


31 posted on 07/25/2012 5:35:11 AM PDT by patriciaruth (http://www.freerepublic.com/focus/f-news/1993905/posts)
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To: patriciaruth

In the article, they link to

http://www.investinganswers.com/financial-dictionary/ratio-analysis/texas-ratio-2619

which explains the formula and notes this at the end of the piece:

Why It Matters:

The Texas ratio takes into account two important factors in a bank’s health: the number of bad loans it’s made and the cushion the bank’s owners have provided to cover those bad loans (i.e. common equity).

If too many of the bank’s loans are nonperforming (as described by the Texas ratio’s numerator), the bad loans will erode the bank’s equity cushion, which could cause the bank to fail.

Likewise, if there is not enough equity in a bank (as described by the Texas ratio’s denominator), the bank will not be able to absorb very many bad loans and the bank will fail.

~ ~ ~

Judge for yourself.


32 posted on 07/25/2012 8:45:48 AM PDT by STARWISE (The overlords are in place .. we are a nation under siege .. pray, go Galt & hunker down)
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To: STARWISE

Thanks!!


33 posted on 07/27/2012 6:55:18 PM PDT by patriciaruth (http://www.freerepublic.com/focus/f-news/1993905/posts)
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