It Must Be a Bottom in the Banks

Today, the St. Petersburg Times in Florida ran a piece entitled "How Safe is Your Bank."

America is nervous about its banks. Outside branches of California-based IndyMac Bancorp, people lined up Tuesday to withdraw money after the bank shut its doors last week, becoming the third-largest bank in U.S. history to fail. Stocks of prominent banks in Florida continue to be pummeled because of problem lending and weak earnings. Federal leaders are trying to bolster public confidence. Could some banks fail here? Here's a guide to protecting your money:

How can I tell if my bank is strong or weak?

For starters, go to our Web site at money.tampaby.com and click on the right hand side under "Your Bank's Health." You'll see Florida banks ranked by their financial condition. There's more information at bauerfinancial.com or bankrate.com, both services based in Florida.

When the likes of the St. Pete Times are plastering banking panics on their front page, we have to be getting close to a bottom in the bank stocks.
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