Some bank offices in the Miami area include Apollo Bank, Biscayne Bank, City National Bank of Florida and Intercontinental Bank. In 2014, all of these banks received a five-star rating from BauerFinancial based in Coral Gables, Florida, a suburb of greater Miami. Other banks from the Miami area that received a five-star rating from BauerFinancial in 2014 include Coconut Grove Bank, Continental National Bank of Miami, Sabadell United Bank and Stonegate Bank.Continue Reading
Many of the banks that scored five stars on the BauerFinancial ratings in 2014 scored the same rating in 2013. Apollo Bank and Coconut Grove Bank were two banks that rose from a four-star rating in 2013 to a five-star rating in 2014. One bank, Florida Community Bank of Davie, dropped to four stars in 2014 from five stars in 2013. These ratings are based on factors such as profitability, levels of delinquent loans, repossessed properties and liquidity.
Several banks on the BauerFinancial list with offices in Miami were listed as "troubled and problematic." These banks dipped from fours stars in 2013 to zero stars in 2014, including Optimum Bank and US Century Bank. Great Florida Bank, a bank that had received zero stars previously, also received zero stars in 2014, although it had been acquired by Florida Community Bank.Learn more about Banks