Clear Mountain Bank Integral to Community as a 5-Star Bank
Posted on: December 15th, 2021
Clear Mountain Bank has once again been awarded the highest 5-Star rating for financial strength and stability from BauerFinancial, Inc., the nation’s premier bank rating firm.
To assign its ratings, BauerFinancialTM compiles data of United States banks from reports filed with federal regulators. In order to earn the 5-Star rating, Clear Mountain Bank must consistently excel in areas such as capital strength, profitability, asset quality, and much more.
This marks the 73rd consecutive quarter that Clear Mountain Bank has earned this top rating with an even higher designation as an “Exceptional Performance Bank”, a status reserved for institutions that have earned Bauer’s highest rating consistently for at least 10 consecutive years.
“Clear Mountain Bank, and other community banks like it, are uniquely positioned to help local people and businesses when times are unpredictable,” stated Karen Dorway, president of BauerFinancial. “As an integral part of the community, community bankers have the intimate knowledge of exactly how given circumstances may affect neighbors and friends. That knowledge, combined with the ability to think, act and react locally, means that decisions can be made faster and implemented in the best manner possible for the community.”
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.
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.