5-Star Clear Mountain Bank Fostering Relationships, Accountability
Posted on: December 20th, 2017
Clear Mountain Bank has once again, secured a coveted 5-Star rating from BauerFinancial, the Nation’s Premier Bank Rating Firm. (A five-star rating indicates the bank excels in areas of capital adequacy, profitability, asset quality and much more.) Clear Mountain Bank has earned and maintained this top honor for 57 consecutive quarters putting it in an even more prominent position as an “Exceptional Performance Bank”. This designation is reserved for those banks securing a 5-Star rating for 40 consecutive quarters or longer.
“Because community banks put their focus on local people and small businesses, they are perfectly positioned to provide the specialized support that is unique to their area,” acknowledges Karen L. Dorway, president of BauerFinancial. “Community banks, like Clear Mountain Bank, promote local growth by investing back into the same neighborhoods that their deposits come from. By fostering these local relationships, they achieve two goals – they are highly capitalized and they are accountable to their customers.”
Clear Mountain Bank is a locally-owned and managed community bank serving north-central West Virginia and western Maryland, and has been reinvesting in its local communities for more than 100 years. The bank offers a comprehensive array of banking services and is a leader in providing electronic banking services, including mobile banking and remote deposit. Additional information of the bank’s products and services is available at www.clearmountainbank.com.
BauerFinancial, Inc., the nation’s leading independent bank and credit union rating and research firm, has been reporting on and analyzing the performance of U.S. banks and credit unions since 1983. No institution can pay for or opt out of a BauerFinancial rating. Star-ratings are all available for free at bauerfinancial.com.