Business brief: Cadence awarded

July 3, 2013 9:10:00 PM

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Cadence Bank has received a Five Star-Rating from BauerFinancial, Inc., the nation's leading bank rating and research firm, for the quarter ending March 31, 2013. A Five Star-Rating indicates that Cadence Bank is financially strong and safe. 

 

Bauer's Superior Five-Star Rating attests that Cadence Bank excels in areas of capital, asset quality, profitability, risk management and sound business practices. Cadence received a Four Star-Rating from Bauer for the quarter ending Dec. 31, 2012. 

 

BauerFinancial star-ratings classify each institution based upon a complex formula factoring in current and historical data received from the U.S. government. Star-ratings are assigned based on a scale of zero to five stars, with five being the strongest. 

 

Cadence also received a Superior rating, the highest available, from IDC Financial Publishing Inc. for the quarter ending March 31, 2013, further substantiating the bank's safety and soundness. Using a proprietary formula, IDC's Bank Financial Quarterly analyzes and ranks the quality of all commercial banks reporting to the FDIC and all bank holding companies reporting to the Federal Reserve.