Articles posted in Awards and Honors | News | Ossian State Bank Copyright 2013 2013-03-28T20:21:05+00:00 Ossian State Bank gets ‘Safest’ Designation http://www.ossianstatebank.com/about/news/ossian-bank-gets-safest-designation http://www.ossianstatebank.com/about/news/ossian-bank-gets-safest-designation ​Ossian State Bank is one of just four banks in Indiana that were designated as “The 359 Safest Banks in America” in an article by Sara Glakas on the Investing Answer website.

The study was conducted by InvestingAnswer.com, which focuses on “helping individual investors build and protect their wealth through education.”

“To help Americans regain their sense of financial security and peace of mind that their money is safe, we’ve found a way to find the safest banks in America—using a special metric called the ‘Texas Ratio,’” Glakas wrote.

“Without walking through the formula, the takeaway is this: The closer the Texas ratio gets to zero, the lower the bank’s risk of failure.”

Ossian State Bank’s “Texas ratio” is 0.0.

“We are honored to be designated one of the safest banks in the nation,” Ossian State Bank CEO David Morrison said.  “Our customers can depend upon us to exhibit safe, sound and honest business practices.”

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]]> 2012-08-21T14:52:01+00:00 ​Ossian State Bank Receives 5-Star Rating from Bauer Financial! http://www.ossianstatebank.com/about/news/ossian-state-bank-receives-5-star-rating-from-bauer-financial http://www.ossianstatebank.com/about/news/ossian-state-bank-receives-5-star-rating-from-bauer-financial Bauer Financial is an independent agency that analyzes and assigns a Star-Rating, from 1 “Troubled” to 5 “Superior”, to financial institutions quarterly.  Criteria used to determine the BauerFinancial™ Star-Rating include capital ratio, profitability/loss trend, evaluating the level of delinquent loans, chargeoffs and repossessed assets, the market versus book value of the investment portfolio, regulatory supervisory agreements, the community reinvestment rating (CRA), historical data and liquidity.

“Ossian State Bank is the only 5-Star rated bank with an office in Ossian.  Our customers and community should be proud of their bank’s “Superior” rating and its continued commitment to serving the local community”, shared David Morrison, President & CEO.

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