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Bank News
What Really Matters is Strong Bank Capital
During a time of financial crisis what really matters is the safety
and soundness of your financial institution. Yes, FDIC insurance
protects deposits within certain thresholds, but only pays out after a
bank has failed. Customers should put their money in banks they know are
safe and sound, like Crossroads Bank. We have bankers available to help
educate customers by freely providing financial information.
For more information regarding the financial status of Crossroads
Bank, please use the resources below:
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FFEIC Institution Analysis
This site is maintained by the FDIC. Banks can be
accessed by name, city, state, and county. Numbers to pay close
attention to appear on the capital analysis page. One key
measure to a bank’s safety and soundness is its amount of
capital expressed as a percent of assets or its capital ratio.
As of June 30, 2008, Crossroads Bank had 13.54% capital ratio
compared to 10.41% for banks considered in size and
demographics. This places Crossroads Bank in the top 16% of all
banks defined in the peer group.
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Crossroads Bank Is BauerFinancial 5-star Rated
Crossroads Bank has received a 5 star rating from
BauerFinancial, Inc. BauerFinancial, Inc. is an independent
third party that obtains its data directly from the government.
The data is subject to a thorough analysis and is compared with
historical data for consistency. Upon completion of the
analysis, a star-rating is assigned based on a scale of zero to
five stars with five stars being the strongest. Click here to
learn more information about BauerFinancial, Inc.
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FDIC Deposit Insurance Estimator
The FDIC has a calculator that depositors can use to determine
the amount of FDIC coverage. Use this link to connect to the FDIC’s
page.
The bottom line is that Crossroads Bank is a very safe and sound
financial institution measured by all industry standards and is well
positioned to weather the current financial crisis.
Our institution has elected to participate in the FDIC's Transaction
Account Guarantee Program. Under that program, through
December 31, 2009, all non-interest bearing transaction
accounts are fully guaranteed by the FDIC for the entire amount in the
account. Coverage under the Transaction Account Guarantee Program is in
addition to and separate from the coverage available under the FDIC's
general deposit insurance rules.
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