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Local banks earn top ratings

By By Kerry Whipple Bean
publisher

Two Brewton banks have received top ratings, according to two ratings services that sized up banks recently.
Bank of Brewton — the state’s oldest bank — had a troubled asset ratio of zero, relating to the ratio of troubled loans against the capital a bank has to cover loan losses.
Brewton-based First Progressive Bank had a troubled asset ratio of 1.8.
Both banks received five-star “superior” ratings from Bauer Financial Services and four-star “excellent” ratings from Bankrate.
Bank of Brewton president Jerry Kelly gave credit to the customers and staff of the bank.