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Safe banks in New York?

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  • Wed, Feb 25, 2009 - 03:27am

    #1
    LifeisGood

    LifeisGood

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    Safe banks in New York?

Hello Everyone,

 

I’ve been a long time visitor/fan of CM and today is my first post.

I am currently an online business owner. Citibank, which is my bank is doing poorly and tomorrow in a mad dash, I am going out there and opening an account with JP Morgan Chase which I think is MUCH safer than Citi at the moment.

My question is, does anyone live in New York who has already researched this topic? Unfortunatly, I am out of time and I don’t want to trust my money with Citi so I must move it as current daily deposits from my business must land elsewhere. 

Thank you in advance for your support and opinions! 

 

Will 

 

 

  • Wed, Feb 25, 2009 - 05:03am

    #2
    Peak Prosperity Admin

    Peak Prosperity Admin

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    Re: Safe banks in New York?

The 2 highest rated banks in NY:

 

NEW YORK MASPETH FS&LA MASPETH NY A 1,358.7
NEW YORK ORANGE COUNTY TRUST CO MIDDLETOWN NY A 485.3

 

  • Wed, Feb 25, 2009 - 04:21pm

    #3
    Peak Prosperity Admin

    Peak Prosperity Admin

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    Re: Safe banks in New York?

Thank you for the info, can you tell me where you got your information from and where I can checkout your list and/or others that are similar?

 

Will

  • Wed, Feb 25, 2009 - 05:52pm

    #4
    Peak Prosperity Admin

    Peak Prosperity Admin

    Status Bronze Member (Offline)

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    Posts: 1613

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    Re: Safe banks in New York?

it’s from the Weiss bank ratings.  they have a list of the 2 top banks in each state based on capitalization ratios, etc.  

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