Knowing which banks are considered to be the best and most secure can greatly help you in keeping your money and your future in good hands. Keeping your finances (and thus, your future) secure is one of the most important aspects of your life, especially in a faltering economy. Read on to find out which are considered the most secure banks in America.
Bank of Hawaii is highly regarded among banks in the United States. The Bank of Hawaii prefers to operate on the side of predictability and caters to the belief that giving consumers what they expect is the best policy. The Bank of Hawaii aims to remain constant and predictable in their business practices, which is why it's considered to be one of the best and most secure banks in America.
Commerce Bank, based out of Kansas City, Missouri, boasts exceptionally strong performance. This is because the institution has managers who work more conservatively than unconventionally. This strategy works for Commerce, which holds more than $18 billion in assets and reserves that amount to approximately 114 percent, which is around equal to the loans it gives its customers. Commerce certainly has done its homework, as its consumers have stored their money in a good place during times of recession.
San Francisco-based Wells Fargo has long been considered as one of the safest banks in America. Having joined forces with Wachovia, the bank strives to keep your finances secure, giving you peace of mind. Wells Fargo has been in existence since 1852 and continues to help customers and communities alike. The bank's official website offers great tips to its customers about how to protect themselves from online fraud, which is important in today's world.
Community Bank, which serves several New York counties, adheres to the same practices as the Bank of Hawaii in being predictable, which has been key to keeping the institution successful, especially during times of recession. Consumers should feel secure in knowing that their finances are safe at Community.
Prosperity Bank is based in Houston, Texas and caters to the old cliché "an ounce of prevention is worth a pound of cure." Prosperity has opted to work by its own rules rather than follow the norm of financial institutions. Perhaps as a result, the bank holds more in reserves than a great deal of other large banks in the United States.
Keeping all of these details in mind, you should definitely take the time to research banks in your community when you are considering opening a new account or storing your money within: it will benefit you in the long run.