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Arizona Banks Rated

Arizona Banks Better Than Illinois

Detective Krum Investigates

Detective Krum

By: Detective Krum

I reported in the last edition, the banks in Arizona appear to be in better condition than the banks in Illinois. Senator Obama serves in the 13th District for Illinois and I reported there appears to be about 200 banks in jeopardy of failing, see the post titled Obama-land Bank Failures. Despite Senator Obama’s living in the area and working for the great people of Illinois, 200 banks in a potential failing condition should be alarming. Yet Arizona came in as follows:

Bank Rating Bank Name

E+ First National Scottsdale, Arizona

That was it for banks specific to an (E) rating. Again (A) rating is best (E & F) rating worst and red flags go up and depositors should move their deposits into a safer bank before failure. I am not giving financial advice and anyone reading this information reads and uses this information at their own risk. This information is all public record and if you copy our material, please give a link back to http://www.victory1project.wordpress.com/

Looking at Banks with a (D) rating in Arizona

Bank Rating Bank Name

D Bank 1440 Peoria, AZ

D Choice Bank Scottsdale, AZ

D+ Desert Hills Bank Phoenix, AZ

D Gold Canyon Bank Gold Canyon, AZ

D+ Legacy Bank Scottsdale, AZ

D+ Mesa Bank Mesa, AZ

D Mission Bank Kingman, AZ

D Republic Bank AZ Phoenix, AZ

D Sonoran Bank Phoenix, AZ

What was interesting is ( 29 of the 47 banks with a (D) rating) are insurance or insurance related companies and 18 are regular style banks. So putting this together:

Arizona appears to have 52 failing institutions. Of these 52 institutions 33 are insurance related companies and not what people consider a bank. Overall, Arizona appears to have 19 banks (18 with a D rating and 1 with an E rating) which are in danger of possibly failing while Illinois has 200. Could you say, where Senator Obama has been on guard, bank failures appear four times higher than where Senator McCain has been on guard? If I were to look at how many of the institutions in John McCain’s state are in a position to possibly fail, I see most are insurance related. Could the fact that most of the companies that appear to be failing in Arizona are insurance companies due to illegal immigration? Could illegal immigration be burdening insurance companies in Arizona so much that the insurance companies are likely to fail? You have to decide. If the insurance companies fail due to illegal immigration, how does that affect legal citizens? One other footnote here: I did not or have not voted for John McCain in any election or primary to this date. I voted for a different candidate. One other point, this information is available through FDIC.

Now onto the (A & B) rated in Arizona:

A+ Blue Cross Blue Shield of Arizona

B Country Bank Prescott, AZ

B+ Foothills Bank Yuma, AZ

B Commerce Bank Tucson

Please leave any comments or questions in the comment section.

Thank you

Detective Krum

http://congressyouarefired.blogspot.com/

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September 29, 2008 - Posted by | 1, Victory 1 News | , , ,

3 Comments »

  1. What are the ratings now on the good banks at this date

    THanks

    JAQ

    Comment by JAW | March 25, 2009

  2. Depends on the bank and the banks name. Be specific if you have a question or are inquiring about a specific bank.

    Comment by DetectiveKrum | March 26, 2009

  3. WHAT IS THE RATING ON COUNTRY BANK IN PRESCOTT AZ

    THANKS
    JAW

    Comment by JAW | March 26, 2009


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