SOURCE: Texas Regional Bank
HARLINGEN, TX--(Marketwire - Sep 12, 2012) - Texas Regional Bank was listed by MSN Money as one of the safest banks in America. The MSN Money's article featured "The 359 Safest Banks in America" out of more than 7,300 banks that were scored in the Nation. Not only was Texas Regional Bank among those banks but it's the only bank in the Valley to receive this distinction. "It's a true sign of the strength of Texas Regional Bank," said Paul Moxley, CEO of TRB.
MSN Money used the "Texas Ratio" to score each bank on how financially sound it is. Texas Regional Bank scored a perfect score. The Texas Ratio uses two important factors in a bank's health: the number of criticized loans the bank has, and the capital it has to cover those criticized loans. The closer this ratio is to zero, the stronger the bank. "Everyone wants to make sure their hard-earned money is safe and this score shows your money is safe with us," Moxley said.
This recognition is another example of Texas Regional Bank's customer service focus. "We believe this score shows our customers that we are committed to providing them a sound bank. We are proud to help the small business owners and entrepreneurs of our communities get the loans they need to grow their businesses," Moxley noted.
While Texas Regional Bank is a new bank in the Rio Grande Valley, it has many banking veterans at key positions to ensure its strength. "We are combining a veteran staff with the latest in technology to meet our customers' financial needs."
You can find the MSN Money article at http://money.msn.com/personal-finance/the-359-safest-banks-in-america-investinganswers.aspx
Texas Regional Bank is headquartered in Harlingen, Texas. In May of 2010 Texas Regional Bank began its operations with the purchase of Falfurrias State Bank with assets of $18 million. Today Texas Regional Bank has assets in excess of $100 million and financial centers in McAllen, Harlingen, Falfurrias and Brownsville. Texas Regional Bank a subsidiary of Texas State Bankshares, Inc.