First National Bank earns prestigious ranking

Nevada Daily Mail

Nevada's First National Bank has been ranked among the top 200 healthiest banks in America.

In a ranking done by DepositAccounts.com, an online publication "dedicated to banking/savings (deposits) information for consumers,"

First National Bank was named to the 2015 edition of the Top 200 Healthiest Banks in America.

"The bank stood out in all of the primary evaluation categories, including Texas Ratio (a calculation involving a bank's loans and equity), Deposit Growth, and Capitalization," said Patrick Russo in an email announcement of the ranking sent to the Daily Mail.

"We were very pleasantly surprised when (Senior Vice President) Wayne (Reinert) received the email advising us of our bank rating," said First National Bank President David Swearingen.

"We have been fortunate through the years having good officers and excellent employees, supported by outstanding boards of directors.

"We have tried to operate the bank maintaining conservative values while remaining a locally-owned and operated bank serving Nevada and Vernon County."

FNB of Nevada achieved the ranking out of 6,998 banks and is "recognized for having shown exceptional fiduciary responsibility," noted the press release.

"Each year DepositAccounts.com evaluates the financial health of every federally insured bank in the United States. Each institution is graded on a number of factors, including capitalization, deposit growth, and loan to reserve ratios, to determine a comprehensive health score.

DepositAccounts.com covers all 14,000 federally insured banks and credit unions and utilizes its technology to track more than 275,000 consumer deposit rates, each updated nightly, noted the press release.

"The site features more than 10,000 editorial articles detailing creative depository strategies and highlighting current bank rates and offers. It is also home to one of the largest communities of depositors on the web, hosting more than 90,000 comments, customer reviews, and forum threads."