Columbia Bank Receives A+ Rating For Deposit Accounts
FAIR LAWN, NJ – May 3, 2019-- Thomas J. Kemly, President and CEO of Columbia Bank, is pleased to announce that the bank has been named to the “2019 Top 200 List of Healthiest Banks in the United States.” The special recognition was based on an independent financial analysis conducted by DepositAccounts.com, a subsidiary of LendingTree, LLC.
Columbia Bank achieved an A+ rating, the highest possible ranking in this study. Each financial institution studied is graded on a number of balanced sheet factors, including capitalization, deposit growth and loan-to-reserve ratios. Columbia was ranked #86 out of the 5,267 FDIC insured United States banks analyzed.
In making the announcement, Mr. Kemly, noted that “Columbia Bank is proud to be recognized as one of the strongest banks not only in New Jersey, but also the United States. Our impressive ranking by this independent review confirms that Columbia Bank is well managed and run, financially sound and has the necessary resources to deal with a variety of adverse economic conditions.”