Denver, CO (August 3, 2017)
For over 20 consecutive quarters, ANB Bank is proud to receive again a Blue Ribbon Bank award for the first quarter, 2017 financial data obtained from the Federal Reserve Bank’s Call Report. This Blue Ribbon rating is the highest rating Veribanc, Inc., an independent, national bank rating firm awards financial institutions. Veribanc qualified ANB as a Blue Ribbon Bank using an eight level rating system, plus the bank satisfying additional safety-related criteria.
To be awarded the Blue Ribbon Bank status, a bank must receive Veribanc’s highest Green, Three Star rating, which includes all six factors that the Federal regulators utilize in determining the government’s “CAMELS” ratings – Capital strength, Asset quality, Management, Earnings, Liquidity, and Sensitivity to market risk. In addition, the bank satisfied the firm’s further safety-related criteria.
The Blue Ribbon Bank Award is reserved for those highly rated financial institutions that demonstrate extraordinary attention to safety, soundness, and financial strength, and is the oldest national accolade presented to banks by private sector analysts.
“We are pleased to continually be recognized by outside financial analysts for our strong financial condition,” says Koger Propst, President and CEO of ANB Bank. “As an independent community bank, receiving these designations reinforce the commitment we make every day to our customers, shareholders and the communities we serve to maintain our financial strength.”
Across the ANB footprint, the bank has 30 banking centers serving customers in Colorado, Wyoming, and the Kansas City metro area. Its parent company, Sturm Financial Group, Inc. is headquartered in Denver Colorado and has financial strength embodied in over $2.6 billion in assets. ANB Bank ranks in the top 6% of banks nationwide by size and is a true community bank with an unwavering commitment to excellence. The bank helps each of its communities prosper through investment, sponsorship, philanthropy, and employee volunteerism. It is a passion ANB has for banking that makes the difference.