SOUTHERN STATES BANK AWARDED TOP 200 HEALTHIEST BANKS
ANNISTON, AL (April 20, 2018) – Southern States Bank is honored to announce that we are recognized as one of the Top 200 Healthiest Banks for 2018 by DepositAccounts.com. Out of all 5,557 FDIC insured banks, DepositAccounts.com recognizes those who have shown exceptional fiduciary responsibility. Southern States Bank ranked 123 out of the 5,557 banks.
Every year, DepositAccounts.com evaluates the financial health of every FDIC insured bank in the United States. Each institution is graded on a number of factors – including capitalization, deposit growth and loan to reserve rations – in order to determine a comprehensive health score. Southern States Bank received an A+ Rating and only 11 percent of all Banks receive an A+ Rating.
“We are extremely proud to be recognized as one of the Top 200 Healthiest Banks in the United States,” said Steve Whatley, Chairman, CEO and President of Southern States Bank. “This recognition could not have been made possible without the hard work and dedication of our employees, customers and stockholders.”
DepositAccounts.com is the largest and most comprehensive online publication in the U.S. dedicated to banking and deposits product information for consumers. It covers every federally insured bank and credit union and utilizes its patented technology to track approximately 275,000 consumer deposit rates.