BauerFinancial awards Whitney Bank 4-Star rating
NEW ORLEANS — Whitney Bank on Dec. 20 received an Excellent 4-Star rating from BauerFinancial Inc., the nation’s leading bank rating and research firm, for the quarter ending Sept. 30, 2012.
Bauer’s Excellent 4-Star rating signifies that Whitney Bank excels in areas of capital, asset quality, profitability, risk management and sound business practices and is one of the strongest, safest banks in the nation. Whitney Bank also received a four-star rating for the quarter ending June 30, 2012.
“Consumers and businesses alike have come to depend on Bauer’s rating system as they navigate through their banking choices,” said Karen L. Dorway, president of the rating firm. “They know to look for the Bauer logo to ensure that the confidence they have in their bank is well-placed. Under the leadership of President Joseph S. Exnicios, Whitney’s dedicated team of financial services professionals has earned that trust and respect.”
Since Whitney’s founding in 1883, “The Whitney” has endured as the oldest continuously operating bank in New Orleans and as an industry leader throughout the Gulf South. Hancock Holding Co., the parent company of Whitney Bank and Gulfport, Miss., based Hancock Bank, currently operates more than 250 full-service branches and more than 300 ATMs in Texas, Louisiana, Mississippi, Alabama and Florida.
BauerFinancial Inc. in Coral Gables, Fla., the nation’s leading independent bank and credit union rating and research firm, has been reporting on and analyzing the performance of U.S. banks and credit unions since 1983. No institution pays BauerFinancial to rate the bank, nor can any bank choose to be excluded. Consumers may obtain free star-ratings by visiting www.bauerfinancial.com.