In Brief: Trans Financial Notes Receive New Ratings

NEW YORK - Standard & Poor's Ratings Group assigned its BBB-minus/A3 rating to Trans Financial Bank's $250 million in bank notes. Trans Financial Bank is a subsidiary of Trans Financial Bancorp, Bowling Green, Ky.

The rating of Trans Financial Bank reflects the company's acceptable asset quality and good profitability measures achieved in an environment of rapid growth and multiple acquisitions. Trans Financial Bancorp employs an acquisition strategy that has resulted in the doubling of total assets over the past three years.

While nonperforming assets increased during the first six months of 1995, the overall trend since 1991 remains positive, S&P said. The agency added however that Trans Financial Bancorp remains susceptible to local credit risk exposures because of limited geographic diversity. Additionally, while asset quality trends have generally been positive during the past several years, large credit exposures could result in rapid asset quality deterioration.

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