Banking Grades, an online tool that helps consumers and small business owners grade banks, has given
First State Bank of Saginaw one of its top ratings. First State Bank got a rating of A, or excellent, from the tool. In fact, it ranked 90th out of 7,265 U.S. banks listed by the tool.
The tool is provided by MultiFunding, a small business financial advisory firm. Its CEO, Ami Kassar, says they developed the tool to help small businesses gain better access to capital and find local banks that work well with small businesses. Banking Grades uses public data from the Federal Deposit Insurance Corporation to assess deposits and loans to small businesses.
"We are thrilled to be recognized by an independent third party for our commitment to small business lending," says First State Bank president and CEO, Rick Goedert." Our bank was founded to meet the needs of small businesses. We've always known the community that we serve. It's just really nice for others to acknowledge it too."
Writer: Sam Eggleston
Source: Rick Goedert, First State Bank
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