Comments on: Frontier Financial Buying Whidbey Island Bank http://www.northwestliving.net/2007/09/28/frontier-buys-whidbey-island-bank/ Northwest Washington - Bellingham WA real estate market. Mon, 07 Jul 2008 00:00:27 +0000 http://wordpress.org/?v=2.0.4 by: Jerry http://www.northwestliving.net/2007/09/28/frontier-buys-whidbey-island-bank/#comment-18763 Sat, 08 Dec 2007 09:39:08 +0000 http://www.northwestliving.net/2007/09/28/frontier-buys-whidbey-island-bank/#comment-18763 Frontier Bank recently was rated the No. 1 performing bank among the 150 largest financial institutions in the United States. Frontier participated in the annual ranking for the first time, after adding about $400 million in new loans since June 2006. Frontier’s assets exceeded $3.5 billion as of June 30, 2007. The rating is based on profitability, capital adequacy and asset quality identified in a report provided to Bank Director Magazine. Bank Director Magazine developed its Bank Performance Scorecard with Sandler O’Neill, a New York investment bank that specializes in bank stocks. The ranking gave profitability factors a full weighting, while capital adequacy and asset quality were given a half weighting. All performance ratios were measured as of June 30. The ranking identifies banks that generate good profits without leveraging balance sheets or taking excessive lending risks. The recent announcement of the acquisition of Whidbey Island Bank, which is expected to close in March 2008, will result in Frontier operating more than 64 offices throughout the Pacific Northwest. Congratulations to Frontier Bank which is headquartered out of Everett, WA and has offices through-out Whatcom County.    Frontier Bank recently was rated the No. 1 performing bank among the 150 largest financial institutions in the United States. Frontier participated in the annual ranking for the first time, after adding about $400 million in new loans since June 2006. Frontier’s assets exceeded $3.5 billion as of June 30, 2007.

The rating is based on profitability, capital adequacy and asset quality identified in a report provided to Bank Director Magazine. Bank Director Magazine developed its Bank Performance Scorecard with Sandler O’Neill, a New York investment bank that specializes in bank stocks. The ranking gave profitability factors a full weighting, while capital adequacy and asset quality were given a half weighting. All performance ratios were measured as of June 30.

The ranking identifies banks that generate good profits without leveraging balance sheets or taking excessive lending risks. The recent announcement of the acquisition of Whidbey Island Bank, which is expected to close in March 2008, will result in Frontier operating more than 64 offices throughout the Pacific Northwest.

Congratulations to Frontier Bank which is headquartered out of Everett, WA and has offices through-out Whatcom County. 

 

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