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Key earns highest strength rating

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bdubble   Monday, 09/17/12 09:54:07 AM
Re: Entangled Proton post# 94
Post # of 107 
Key earns highest strength rating

KeyCorp has become one of only two major banks nationwide with the highest financial strength rating. Key, which is the largest local bank with 22 percent of deposits in Greater Cleveland and more than 90 branches in the Cleveland and Akron markets, has jumped three levels in the last two years in the latest study released by Bauer Financial of Florida. Bauer conducts the analysis every quarter for all of the nation's more than 7,000 banks. The research company compiles the ratings after analyzing factors that demonstrate the bank's strength, including profits, assets and cash on hand. It recommends doing business with banks with four or five stars. A five-star rating, which KeyCorp now has, means "superior." While 12 banks out of the 35 in Northeast Ohio have five-star ratings, most are significantly smaller than Key. And of the 25 largest banks in the nation, the only other with a five-star rating is RBS/Citizens of Rhode Island, which is the parent of Charter One. The Plain Dealer (Cleveland, Ohio) Cleveland.com






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