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What Really Matters is Strong Bank Capital

During a time of financial crisis what really matters is the safety and soundness of your financial institution. Yes, FDIC insurance protects deposits within certain thresholds, but only pays out after a bank has failed. Customers should put their money in banks they know are safe and sound, like Crossroads Bank. We have bankers available to help educate customers by freely providing financial information.

For more information regarding the financial status of Crossroads Bank, please use the resources below:

• FFEIC Institution Analysis
  This site is maintained by the FDIC. Banks can be accessed by name, city, state, and county. Numbers to pay close attention to appear on the capital analysis page. One key measure to a bank’s safety and soundness is its amount of capital expressed as a percent of assets or its capital ratio. As of June 30, 2008, Crossroads Bank had 13.54% capital ratio compared to 10.41% for banks considered in size and demographics. This places Crossroads Bank in the top 16% of all banks defined in the peer group.

• Crossroads Bank Is BauerFinancial 5-star Rated
  Crossroads Bank has received a 5 star rating from BauerFinancial, Inc. BauerFinancial, Inc. is an independent third party that obtains its data directly from the government. The data is subject to a thorough analysis and is compared with historical data for consistency. Upon completion of the analysis, a star-rating is assigned based on a scale of zero to five stars with five stars being the strongest. Click here to learn more information about BauerFinancial, Inc.

• FDIC Deposit Insurance Estimator
  The FDIC has a calculator that depositors can use to determine the amount of FDIC coverage. Use this link to connect to the FDIC’s page.
  

The bottom line is that Crossroads Bank is a very safe and sound financial institution measured by all industry standards and is well positioned to weather the current financial crisis.

Our institution has elected to participate in the FDIC's Transaction Account Guarantee Program. Under that program, through December 31, 2009, all non-interest bearing transaction accounts are fully guaranteed by the FDIC for the entire amount in the account. Coverage under the Transaction Account Guarantee Program is in addition to and separate from the coverage available under the FDIC's general deposit insurance rules.