The Savings Bank announces it has earned BauerFinancial, Inc.’s highest (5-Star) rating for strength and stability. Achievement of this coveted 5-Star Superior rating puts The Savings Bank in an elite category as one of the strongest banks in the nation.
BauerFinancial, the nation’s premier bank rating firm, has been evaluating and rating banks since 1983. Earning a 5-Star Superior rating means The Savings Bank excels in areas of capital, loan quality, profitability and more. By achieving this 5-Star Superior rating for the most recent 99 consecutive quarters, The Savings Bank has earned an even more elite status of Sustained Superiority. Fewer than 10 percent of the nation’s banks can claim this distinction.
According to Karen L. Dorway, president of BauerFinancial, “The Savings Bank’s achievement is a result of its commitment to community banking and values. By focusing on the financial needs of local families and businesses, The Savings Bank has in turn charted its own path. It is a symbiotic relationship: the more success customers have, the more success the bank will have. It is built on a commitment to each other and is what all the banks should strive for.”