Community Business Bank Recognized Nationally

Community Business Bank (CBB) in Cumming has been recognized as one of the 359 safest banks in America, according to MSN Money.

"We are honored for the recognition and look forward to continuing to serve the individuals and businesses on the 400 Corridor for many years to come," said Grant R. Schmeelk, senior vice president of the bank, in an e-mail to Cumming Patch.

In a report last month, CBB was ranked base on a special metric called the "Texas Ratio."

MSN Money reported that the Texas Ratio was developed by a financial wizard at RBC Capital Markets named Gerard Cassidy, who used it to correctly predict bank failures in Texas during the 1980s recession, and again in New England during the recession of the early 1990s.

The article went on to say, "While the ratio has been excellent at predicting bank failures, it can also be used to find the banks that are the furthest from failure."

"The closer the Texas Ratio gets to zero, the lower the bank's risk of failure," according to MSN Money.

Community Business Bank was one of the 359 to achieve a perfect Texas Ratio of 0.0. To learn more about the ratio go here.