NCB, FSB Receives Above Average Rating from Standard & Poor’s

Agency Confirms Bank’s Ranking Outlook is Stable

Arlington, VA (December 12, 2011) Today, NCB, FSB (NCB), a leading financial services company serving cooperatives nationwide, received an above average ranking from Standard & Poor’s Rating Services (S & P) as a commercial mortgage primary servicer; and an average ranking as a commercial mortgage master and commercial mortgage special servicer. The rating provider also noted that the Bank’s ranking outlooks are stable.  

As the nation’s largest servicer of commercial mortgage-backed securities (CMBS) that are secured by cooperative loans, the new ranking solidifies the Bank’s overall strength and stability in the current financial environment. In particular, S & P recognized the Bank’s depth of experience among its senior and middle management teams that oversee the primary, master and special servicing operations. It also noted the institution’s effective portfolio surveillance and compliance monitoring procedures for all loans, and its ample financial monitoring procedures, were all considered in determining the new ranking. 

S & P maintains a positive outlook for the Bank due to its stable operating environment and rankings. The agency notes in its report that the institution’s “managerial expertise and well-executed asset management approach, NCB, FSB should continue to serve as an effective commercial mortgage primary, master and special servicer.” 

In addition to servicing loans in rated CMBS transactions, NCB, FSB is also a Fannie Mae seller/servicer; provides loan origination and servicing program with the Small Business Administration; and continues to originate commercial real estate loans for its own balance sheet.  

Please click here to view entire S & P Report.  


NCB is dedicated to strengthening communities nationwide through the delivery of banking and financial services, complemented by a special focus on cooperative expansion and economic development. Headquartered in Washington, DC, the Bank has offices in Alaska, California, New York, Ohio and Virginia. To learn more, visit  

The NCB Financial Group consists of the Congressionally-chartered National Consumer Cooperative Bank (NCCB) and NCB, FSB, a federally insured savings bank wholly owned by NCCB. The NCB Financial Group provides financial products and services for the nation's cooperatives, their members, and socially responsible organizations.
 The NCB Financial Group also works in a strategic alliance with NCB Capital Impact, a non-profit Community Development Financial Institution created under the same act of Congress as NCCB with particular focus on impacting low and moderate income communities.