BauerFinancial gives 18 Miami-Dade and Broward banks its top rating; five banks earns lowest rating

 

icordle@MiamiHerald.com

In still another sign of a strengthening economy, 18 Miami-Dade and Broward banks received five stars - the highest possible - in the most recent ratings by Coral Gables-based BauerFinancial, based on Sept. 30 results. That compares to 17 at the end of the second quarter of this year.

Awarded the five-star "superior" rating were Miami Lakes-based BankUnited; Biscayne Bank, based in Coconut Grove; Broward Bank of Commerce, based in Fort Lauderdale; Capital Bank, based in Coral Gables; City National Bank of Florida, based in Miami; Continental National Bank of Miami, based in Miami; Desjardins Bank, based in Hallandale Beach; Espirito Santo Bank, based in Miami; Executive National Bank, based in Miami; Florida Community Bank, based in Fort Lauderdale; Floridian Community Bank, based in Davie; Intercontinental Bank, based in West Miami; Marquis Bank, based in Coral Gables; Mercantil Commerce Bank, based in Coral Gables; Professional Bank, based in Coral Gables; Sabadell United Bank, based in Miami; Stonegate Bank, based in Fort Lauderdale; and TotalBank, based in Miami.

Bauer rated five Miami-Dade and Broward banks as “troubled and problematic,” giving them zero stars, up from four last quarter. They were Great Florida Bank, based in Miami; Home Federal Bank of Hollywood, based in Hallandale Beach; OptimumBank, based in Plantation; Miami-based US Century Bank, which has announced a plan for a recapitalization; and Valley Bank, based in Fort Lauderdale.

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