Bank earns A+ rating

From Contributed Reports

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First Carolina Bank has earned an A+ financial health rating from depositaccounts.com.

"The bank stood out in all of the primary evaluation categories, including Texas ratio, deposit growth and capitalization," a release says. "The A+ rating also places First Carolina Bank in the highest tier (top 10 percent) of the approximately 13,000 federally insured banks and credit unions nationwide in terms of financial health."

The rating is based on DepositAccounts quarterly evaluation of every federally insured bank in the United State. Each is graded on several factors, including capitalization, deposit growth and loan-to-reserve ratios, in order to determine a comprehensive health rating.

First Carolina's rating is the highest one, signifying outstanding performance in achieving exceptional fiduciary standing, the release says.

DepositAccounts is the largest online publication in the United States dedicated to banking and savings deposits information for consumers. For information, go to depositaccounts.com.