Palm Coast, Florida( December 12, 2013) – Bauer Financial Inc. announced that Intracoastal Bank was in receipt of a 5-Star "superior" rating based upon its financial condition as of the third quarter that ended on September 30, 2013. The 5-Star rating is the highest rating designated by Bauer Financial Inc. This marks the 15th consecutive quarter that Intracoastal Bank has earned this distinction.
Commenting on the Company’s 5 star rating Intracoastal Bank’s President and Chief Executive Officer Bruce E. Page said “we are pleased that we continue to be recognized as one of strongest financial institutions in the Nation, State of Florida and in our local community.”
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 or credit union. More information about Bauer Financial ratings methodology is available at http://www.bauerfinancial.com.
Intracoastal Bank, headquartered in Palm Coast, and is a locally owned and operated financial institution. Intracoastal Bank’s main banking center is located at 1290 Palm Coast Parkway, NW, Palm Coast, Florida 32137. The Bank’s Lending Center is located at 1659 N. Clyde Morris Blvd Ste 2, Daytona Beach, FL 32117. The Bank serves the Flagler and Volusia Counties area. The bank offers a full range of deposit and loan products tailored to meet the needs of customers and the community. The bank is a state charted commercial bank, member FDIC. More corporate information and e-banking are available at http://www.intracoastalbank.net, or join the conversation with Intracoastal Bank on Facebook at https://www.facebook.com/