1911 Money Economics Bank Research Tool

MoneyEconomics has a new tool, called 1911, that pulls all sorts of information about banks from a variety of sources. It’s designed as a tool to determine your bank’s health but it’s difficult to say given the types of information it shares.

Let’s take a look at FNBO Direct’s parent company, First National Bank of Omaha. FNBO is generally regarded as a safe bank and, even if it weren’t, FDIC insurance covers up to $250,000 per person so you’re protected anyway.

According to 1911, FNBO has more assets than liabilities, around $10B of each, and has a net income of $62.5 million. In addition to that snapshot, it shows the history of all three metrics on a bar chart, in quarters, since 2000.

It’s useful information and presented in a nice way, but misses the mark on offering a means to assess bank safety.

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