Checking The Status Of Your Bank


	Checking The Status Of Your Bank

Melanie Lindner

9-22-2008 1:41 PM

688 views

tags:

small business, wall street

Melanie Lindner says:

With banks closing their doors and consolidating as they have been over the past few weeks, small business owners may be concerned about how their bank is doing.

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How do you know if your bank is struggling? While the FDIC does not release its internal bank ratings, a <A href="http://www.fdic.gov/bank/individual/bank">section on its Web site</A> lists a number of private firms that do. Sam Thacker, finance and credit expert for <A href="http://www.allbusiness.com/">AllBusiness.com</A>, points out that you can ask your banker for the institution's latest "condition report" or look it up online at the <A href="http://cdr.ffiec.gov/public">FFIEC Central Data Repository Public Data Distribution Web site</A>, which posts financial data on FDIC-insured institutions.
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