Meadows Bank ranked as 35th healthiest in U.S.
Meadows Bank was recently named among the top 200 healthiest banks in the country for the second year in the row, according to a list compiled by DepositAccounts.com.
Out of nearly 7,000 federally insured banks and credit unions, Meadows was ranked the 35th-healthiest in the country. It is one of only 49 to make the list two years running, and the only Nevada bank to make the list in 2015. Headquartered in southwest Las Vegas, Meadows was founded in 2008 and is now the ninth-largest bank in Nevada with 108 employees at four locations.
Meadows received grades of A+ from DepositAccounts.com for its Texas Ratio, which indicates the amount of capital available to the bank compared to the total value of loans considered at risk. It also received A+ grades in its Texas Ratio trend, indicating “that the balance sheet and financial strength for Meadows Bank has improved dramatically in recent periods,” and for its 14.53 percent capitalization rate, which the site called “excellent.”
The bank holds $467.38 million in assets, $390.11 million in loans, $402.41 million in deposits and $63.50 million in equity capital, according to DepositAccounts.com.
The website, DepositAccounts.com, covers deposits information on federally insured banks and credit unions, tracking consumer deposit rates.
Contact reporter Knowles Adkisson at kadkisson@reviewjournal.com or 702-224-5529. Follow @knowlesadkisson on Twitter.
