Friday, April 09, 2010

Recognizing a job well done

FRED BLOCHER/Kansas City Star

Wednesday, Congressman Barney Frank, Chairman of the House Financial Services Committee, and I recognized Kansas City’s own UMB and Commerce Bank for being named the highest rated banks in the continental United States.

Each year Forbes evaluates America’s 100 largest banks. The rankings are based on criteria that measured asset quality, capital adequacy and profitability. The rankings for 2009 name UMB the second-best bank in 2009 behind Bank of Hawaii while Commerce ranked third.

The Forbes rankings confirm what we have known here in Kansas City for decades. America’s strongest and most reliable banks are not on the coasts, they are in the heartland where common sense, hard work and exceptional service have been the foundations for UMB and Commerce Bank since the day they opened their doors.

Chairman Frank and I presented both bank Chairmen framed copies of Congressional Record statements delivered on the floor of the House of Representatives in honor of the employees, officers, directors and shareholders with congratulations on a job well done.