We’re proud to share Gateway Bank ranked #32 in the U.S. and #1 in Arizona (the best bank in AZ) on the DepositAccounts.com 2020 List of the Healthiest Banks and Credit Unions in America!
During times of economic uncertainty, we all want to feel confident that our bank is on solid footing financially. In the wake of the 2008 financial crisis, experts at DepositAccounts.com, a subsidiary of LendingTree, began analyzing the call reports for over 10,000 FDIC-insured banks and credit unions in the United States. Since then, they have continued to run the data through their proprietary algorithm to rate financial health on a quarterly basis. They publish the results on their website for free so that consumers can make more informed decisions and feel confident in the financial institutions where they deposit their money.
To determine bank ranking and recognition, DepositAccounts.com grades each institution on a number of factors, including capitalization, deposit growth, and loan-to-reserve ratios. Their analysis for Q1 2020 rewarded Gateway Bank with an A+ rating, the highest health grade given out by DepositAccounts awarded to only 11% of all banks. Out of the 5,035 US banks analyzed, Gateway ranked #32 overall and the best bank in AZ.
Visit DepositAccounts.com for the 2020 List of the Healthiest Banks and Credit Unions in America and Gateway Bank’s “health report card.”