Ask Sid: Sizing Up Your Bank s Health - Ask Sid: AARP Bulletin

Sizing Up Your Bank s Health

Q. How can I find out if my bank is in trouble? A. It’s a legitimate concern, what with the Federal Deposit Insurance Corporation having announced in February that —an increase of 150 from three months earlier and the most since 1993. That list, however, is not available to the public—the . But here are some other resources that can help you gauge the financial health of the place that’s got your money. where you can look up a bank’s troubled asset ratio. Higher values generally indicate more stress from loans that are not being paid back as scheduled.
which rank institutions on a star system based on regulatory filings. Fewer stars indicate lower performance and suggest possible problems.
, where you can check if your bank is FDIC-insured, learn if it has recently merged or been acquired, and review its history.
Sid Kirchheimer writes about health and consumer issues. Cancel You are leaving AARP.org and going to the website of our trusted provider. The provider’s terms, conditions and policies apply. Please return to AARP.org to learn more about other benefits. Your email address is now confirmed. You'll start receiving the latest news, benefits, events, and programs related to AARP's mission to empower people to choose how they live as they age. You can also by updating your account at anytime. You will be asked to register or log in. Cancel Offer Details Disclosures

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