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Show Bank of Am. Fork listed among 100 safest in U.S. j The Bank of American Fork is one of three Utah banks named to "Money" magazine's list of 100 Safest Banks in the magazine's October edition. This is the second year in a row the Bank of American Fork has been recognized by "Money." Last year it made a similar list of "175 Safest Banks" in the united states. "We feel this is a distinct achievement achieve-ment for us in the banking industry indus-try " mirl OrvillA Gunther. chair- banks that meet a number of tests I for financial soundness. v According to the article, the I average bank to make the list "has jj an equity-to-assets ratio of 12.32, and all have ratios of 9.89 or higher. jj By contrast, the industry average 5 if 6.51. I "To be included on the list, banks also had to have at least $50 mil- j lion in assets and offer a minimum j of retail services." "VI ' man of the board for the Bank of American Fork. According to the article in the October 1989 edition of "Money," the list of qualifying banks was selected from a list produced by Ver ibanc, a rese arch firm , of 1 3 ,5 00 |
