Florida Gulf, Edison National banks earns top ratings

VALENTI Florida Gulf Bank and Edison National Bank have earned a four-star rating from Bauer Financial, Inc., an independent bank and credit-rating firm that has analyzed and reported on the financial condition of the nation's banking industry since 1983. No institution pays for the ratings, which consist of a one- to fivestar scale, four being excellent and five superior. Bauer only recommends banks with four- or five-star ratings.

In Lee County, no other banks achieved the four-star rating, and no Lee County bank achieved five stars.

The analysis is based on financial reports filed with federal regulators. Bauer Financial obtains the raw data from the government and compares it with historical data for consistency.

"We are pleased with the recognition from Bauer Financial," said Bill Valenti, Florida Gulf Bank's president and CEO. "As a local, community bank, we base our loan decisions on our relationships in the community. This has helped us avoid questionable loans. And, as more people are seeking stability and strong financial relationships, we are looking forward to continued growth in this market."

COURTESY PHOTO Florida Gulf Bank has earned a four-star rating.