The Savings Bank Earns Superior Rating for 92 Straight Quarters
It is with great pride that The Savings Bank accepts another distinguished 5-Star Superior rating from BAUERFINANCIAL, Inc., Coral Gables, Florida.
The 5-Star rating, the highest rating attainable from BAUERFINANCIAL (the Nation’s Bank Rating Firm for over a quarter of a century) is based on the overall financial condition of the bank and indicates that, for strength and stability, The Savings Bank is the perfect place to entrust your deposits.
Not only has The Savings Bank earned a 5-Star rating, it has done so for 92 consecutive quarters. Only 6% of the nation’s banks can claim that distinction. “Sheila Bair, Chairman of the FDIC, said recently that community banks are the lifeblood of our financial system, and that certainly is true,” comments Karen L. Dorway, president of BAUERFINANCIAL. “What she doesn’t say is that not all community banks, or all banks for that matter, are created equal."
“There has been much discussion lately about the need for banks to boost their capital levels,” said Karen L. Dorway, president of the rating firm. “That doesn’t worry The Savings Bank; its capital ratios are already well above regulatory requirements. Under the direction of Mr. Stephen A. Gary, CEO, The Savings Bank excels in areas of asset quality, profitability and much more.”
Since its inception in 1912, The Savings Bank has been committed to providing the best of banking to its community. Its five branch offices are conveniently located in Ashville, Circleville and Williamsport.