Southern States Bank Gets A+ Rating
ANNISTON, Ala. (September 22, 2015) – Southern States Bank has earned an A+ health rating, the highest possible rating from DepositAccounts.com, for its financial strength through the end of Q2 2015. The rating signifies Southern States Bank’s outstanding performance in achieving exceptional fiduciary standing.
Each fiscal quarter, DepositAccounts.com evaluates the financial health of every federally insured bank in the United States. According to DepositAccounts.com, each financial institution is graded on a number of factors, including capitalization, deposit growth, and loan to reserve ratios. These factors determine the comprehensive health rating for financial institutions.
“We are very proud of our A+ rating. It solidifies what we strive hard to maintain which is a safe, sound and stable financial institution, which in turn allows us to provide our customers with the best products and services available coupled with exceptional customer service,” said Steve Whatley, Chairman, CEO & President of Southern States Bank.
About DepositAccounts.com: DepositAccounts.com is the largest and most comprehensive online publication in the U.S. dedicated to banking/savings (deposits) information for consumers. It covers all 14,000 federally insured banks and credit unions and utilizes its patent-pending technology to track more than 275,000 consumer deposit rates, each updated nightly.
Southern States Bank, The Common Sense Bank, is headquartered in Anniston, Alabama with offices in Birmingham, Opelika, Huntsville, Sylacauga, AL and Carrollton and Columbus, GA. Serving our local communities with bankers you know and trust, see why they call us The Common Sense Bank. Visit us at www.southernstatesbank.net.