First Scottsdale Bank is the only bank in Arizona to appear on the MSN Money list, having earned a perfect score using a metric called the “Texas Ratio.” Out of more than 7,300 banks nationwide, only 359 achieved a perfect score.
“The Texas Ratio has been used since the ‘80s to correctly predict which banks are headed for failure and which banks are furthest away from failure,” said Rich Vogel, First Scottsdale Bank’s chairman and CEO. “Receiving a perfect score demonstrates the solid health of our bank and reflects on the commitment we have made to our customers since opening nearly two years ago.”
“Our ability to make lending decisions at the local level helps set us apart – and being the only Arizona bank to be recognized validates our understanding of the business community,” Vogel said.
For more information on First Scottsdale Bank visit www.firstscottsdale.com or call (480)