Clearwater, Florida (PressExposure) May 18, 2009 -- In times when banking and financial sector, especially large national and regional banks are in crisis requiring bailout packages, there are some community banks and smaller financial institutions that offer excellent financial security.
The Associated Press recently reported that out of the 10 largest US financial firms that need to raise more capital, Bank of America Corp. needs by far the most -- $33.9 billion.
At the opposite end of the spectrum, First National Bank of Pasco, a community bank operating since 1986 in Pasco County, Florida, is financially strong and has been rated one of the safest banks in the nation by BauerFinancial.
FNBPasco is one of the 38 Florida banks that have the resources to deal with a variety of adverse economic conditions. The other 37 banks can be found at TheStreet.com. TheStreet.com Financial Strength Ratings represent a completely independent, unbiased opinion of an institution's financial strength. The ratings are derived, for the most part, from quarterly financial statements filed with state and federal regulators.