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First State Bank among healthiest in America

CHARLOTTE, N.C., — DepositAccounts.com, a subsidiary of LendingTree, has released its list of the 2020 Top 200 Healthiest Banks in America.

“It is such an honor to have First State Bank consistently recognized among the top 200 healthiest in America,” said Dave Taylor, First State Bank president. “Being part of this list shows our commitment to excellence.”

DepositAccounts.com evaluates the financial health of over 10,000 banks and credit unions in the United States once per quarter.

To determine bank ranking and recognition, DepositAccounts.com grades each institution on a number of factors, including capitalization, deposit growth, and loan-to-reserve ratios.

“We believe it is important to give consumers a way to evaluate the financial health of their institutions,” said Ken Tumin, founder of DepositAccounts.com. “Our list empowers consumers to make informed decisions when selecting a financial institution.”

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