Chamber News

Premier Bank Receives Special Recognition

LENEXA, KS - Based on recent financial data, Premier Bank has received the highest rating as a Blue Ribbon Bank from VERIBANC, Inc., an independent bank rating firm. This Blue Ribbon Bank designation reflects that the bank is financially sound and safe.

For a bank to qualify for the Blue Ribbon status, it must receive VERIBANC's highest Green, Three Stars rating, including and evaluation of all six factors Federal regulators utilize in determining the government's "CAMELS" ratings - Capital strength, Asset quality, Management, Earnings, Liquidity, and Sensitivity to market risk. In addition, it must satisfy additional safety related criteria.

This Blue Ribbon Award is reserved for those highly rated financial institutions that demonstrate exceptional attention to safety, soundness and financial strength, and is the oldest national accolade presented to banks by private sector analysts.

"It's always good to be recognized by outside financial analysts, "says David Caffrey, bank President and CEO of Premier Bank. "We believe this designation reinforces our commitment to our customers and shareholders in maintaining our financial strength."