Latest Report Gives Local Banks "Zero Star" Rating
LABELLE, FL. -- The latest report of bank ratings by Coral Gables based Bauer Financial says the Florida Community Bank is on their troubled bank list and has given the Immokalee based bank a no-star rating, the lowest rating possible. Joining the zero star local troubled bank club is Clewiston's Olde Cypress Community Bank. Both banks have branches in Hendry County.
At the other end of the scale among the 310 Florida banks rated, the Bank of Belle Glade received a five-star rating. The Busey Bank in Fort Myers received two stars. The Commerce Bank of Southwest Florida in Ft. Myers received no stars.
Clewiston's First Bank earned three stars from Bauer and Seacoast National Bank, based in Stuart had two stars. Seacoast had received $50,000,000 in December from the Treasury Department in the government's troubled assets relief program (TARP).