Clear Mountain Bank Receives 5-Star Bauer Financial Rating for More Than 10 Consecutive Years
Posted on: July 3rd, 2018
Clear Mountain Bank has once again secured its highest 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.) Earning and maintaining this top 5-Star rating for 59 consecutive quarters, Clear Mountain Bank has also procured an “Exceptional Performance Bank” status. This assignment is reserved for banks that have maintained Bauer’s highest rating consistently for 10 years or longer.
Like Bauer, regulators agree that smaller institutions “are often better positioned than larger institutions to understand and quantify local real estate market values since they serve a smaller, more defined market area.” – Federal Register, April 9, 2018. “It makes perfect sense; local people who know the area are making local decisions based on that knowledge”, agrees Karen L. Dorway, president of BauerFinancial. “Community banks, like Clear Mountain Bank, are banking on a better future together with their community.”
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.