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Applied Bank earn A-plus rating from TheStreet.com

Posted by Scott Kelly on June 1, 2009

Applied Bank earned an A+ from TheStreet.com as one of the top 40 banks in America in terms of financial strength.

TheStreet.com is an independent and unbiased source for rating financial institutions. It rated Applied Bank as the top bank in the state of Delaware.

Bauer Financial and Bankrate.com also honored Applied Bank with its 5-star rating.

Applied Bank’s mission is to be known as America’s leading bank for consumers. It recently issued a secured Visa with a low 9.9 percent interest rate that does not require a personal credit history check.

The maximum amount that can be deposited to secure a matching line of credit if $5,000. The account is insured by the FDIC.

“We are very proud and excited about this product because it truly offers an affordable way for consumers to re-establish good credit,” said Cecilia Koch, a spokesperson for Applied Bank.

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