Clear Mountain Bank Rated a 5-Star Bank
Posted on: August 30th, 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 72nd 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.
“The bankers at Clear Mountain Bank know their customers, whether business or consumer, and are ready to help them overcome the financial hurdles of life, even amidst a pandemic,” asserts Karen Dorway, president of BauerFinancial. “And Clear Mountain Bank’s financial strength gives them the resources to do it – for the benefit of the whole 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.