Twenty-one banks based in Miami-Dade and Broward counties received the highest possible grade of five stars in the latest ratings released by Coral Gables-based Bauer Financial. The ratings are based on results from the quarter that ended June 30.
Most of the banks had also received five stars in last quarter’s rankings. But two — Apollo Bank and Pacific National Bank, both of Miami — jumped from four to five stars.
The banks that received the “superior” five-star rating were Apollo Bank, Miami; BAC Florida Bank, Coral Gables; BankUnited, Miami Lakes; Biscayne Bank, Coconut Grove; Capital Bank, Coral Gables; City National Bank of Florida, Miami; Coconut Grove Bank, Miami; Continental National Bank, Miami; Desjardins Bank, Hallandale; Eastern National Bank, Miami; Executive National Bank, Miami; First National Bank of South Miami, Miami; Intercontinental Bank, West Miami; Marquis Bank, Coral Gables; Mercantil CommerceBank, Coral Gables; Pacific National Bank, Miami; Professional Bank, Coral Gables; Sabadell United Bank, Miami; Stonegate Bank, Pompano Beach; TerraBank, Miami; and TotalBank, Miami.
Six local banks received one or two stars, meaning they are considered “troubled and problematic” by Bauer. They are Optimum Bank, Plantation; Home Federal Bank of Hollywood, Hallandale Beach; US Century Bank, Miami; InterAmerican Bank, Miami; Community Bank of Florida, Homestead; and Brickell Bank, Miami.