Esmmi.com

Recently, my newspaper reported that a local bank “…earned a four star excellence rating for the sixty-fourth consecutive quarter.” That’s 16 years of four star excellence! The articles went on to say that the “rating is based on a complex formula that includes …capital safety levels, quality of loan portfolio, and the ability to meet obligations…” The release was designed to showcase the value of this bank and demonstrate it has prominent position in the economy.

As a former banker with over seventeen years of commercial experience, I chuckle at this information being tossed around by the bank and its regulatory authority* for self promotion and marketing purposes. I suppose that if you’re a  blue-hair whose purpose is to find somewhere other than under the mattress to keep your retirement benefit*, this article was good news. But what does it mean to the business owner or entrepreneur looking to a Funding partner to participate in an opportunity to grow, increase jobs and profit? In a nutshell this type of information should be a wake up call to find another bank-here’s why.
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