Clear Mountain Bank Receives 5-Star Rating for 60 Consecutive Quarters!
Posted on: September 27th, 2018
BauerFinancial, Inc., the nation’s premiere bank rating firm, proudly affirms that Clear Mountain Bank has once again earned its highest 5-star rating for financial strength and stability. Earning a 5-star rating indicates that the bank excels in areas of capital adequacy, profitability, asset quality and much more. Earning and maintaining this top rating for 60 consecutive quarters, puts Clear Mountain Bank in an even higher bracket as an “Exceptional Performance Bank“. This title is achieved after successfully earning the top 5-star rating for 40 consecutive quarters (10 years or longer).
“This achievement requires tremendous resilience and fortitude,” observes Karen Dorway, president of BauerFinancial. “We saw a lot of banks that were lacking those qualities that are, unfortunately, no longer around. But community banks like Clear Mountain Bank, have some definite advantages. Its smaller size allows its team to know each customer more intimately, which not only makes every customer a priority, it also improves loan underwriting.”
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.