Clear Mountain Bank Awarded 5-Star Rating for Financial Stability
Posted on: December 14th, 2020
Clear Mountain Bank has once again been awarded BauerFinancial’s highest 5-Star rating for financial strength and stability.
Earning a 5-Star rating from BauerFinancial, Inc., the nation’s premier bank rating firm, indicates the bank excels in areas of capital adequacy, profitability, asset quality and much more. Earning and maintaining this top rating for 69 consecutive quarters gives Clear Mountain Bank the added title of “Exceptional Performance Bank”, a status reserved for banks that have earned Bauer’s highest rating consistently for at least 10 consecutive years.
“This rating is impressive in the best of times,” notes Karen Dorway, president of the research firm. “But I can’t overstate the strength and prudence that Clear Mountain Bank has exhibited over the past years that got it to this point. Clear Mountain Bank has triumphed over everything that has been thrown its way over the past decade. And as we begin 2021, we have every reason to believe that Clear Mountain Bank will continue to excel and thrive.”
Clear Mountain Bank is a locally owned and managed community bank that has been serving North Central West Virginia and western Maryland for more than 125 years. The bank provides a comprehensive array of digital and traditional banking products and services to meet the needs of its personal, business, commercial, mortgage and financial planning customers. The bank was recently named as one of the nation’s Best Banks to Work For by American Banker and Best Companies Group. Additional information is available at www.clearmountainbank.com.
About BauerFinancial 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. More information is available at bauerfinancial.com.