Business

19 Dade, Broward banks get 5 stars — top rating

Nineteen 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.

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

Bauer rated just one local bank as “troubled and problematic,” giving it zero stars: Doral-based US Century Bank.

Overall, in Florida, Bauer’s latest ratings show 56.8 percent of banks based in the state are “recommended,” and 15.3 percent are “troubled and problematic” at the end of the third quarter, an improvement from 44.7 percent “recommended” and 24.1 percent “troubled and problematic” at the end of the third quarter of last year.

The upward trend is also reflected nationwide, as the percentage of “recommended” banks rose from 72 percent a year ago to 77.1 percent at the end of the second third, the highest percentage since the first quarter of 2007, Bauer said.

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