Report: Bank’s capital is far below its peers, decreasing
Chain ‘in riskiest bucket’
Sunday, April 17, 2011
Several indicators show that a bank with four Mid-Missouri branches is in poor financial health.
Sun Security Bank is based in Ellington and has branches in Holts Summit, Eldon, Gravois Mills and Stover. The bank’s website says it has 20 locations.
The bank has a 1 rating by bankrate.com, the lowest possible on a 1-5 scale.
Bankrate continually surveys 4,800 banks across the nation to compare their rates, while also rating the financial institutions.
“Bankrate believes that, as of December, 31, 2010, this bank exhibited a significantly below-average condition, characterized by ...