Safe banks in New York?

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LifeisGood's picture
LifeisGood
Status: Bronze Member (Offline)
Joined: Aug 16 2008
Posts: 27
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 

 

 

strabes's picture
strabes
Status: Diamond Member (Offline)
Joined: Feb 7 2009
Posts: 1032
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

 

LifeisGood's picture
LifeisGood
Status: Bronze Member (Offline)
Joined: Aug 16 2008
Posts: 27
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

strabes's picture
strabes
Status: Diamond Member (Offline)
Joined: Feb 7 2009
Posts: 1032
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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