Clear Mountain Bank Receives National 5-Star Rating for
Financial Strength and Stability
Posted on: July 15th, 2020
Clear Mountain Bank has once again been awarded a 5-Star superior rating for its continued financial excellence from BauerFinancial, Inc., the Nation’s premier bank rating firm. The bank has earned Bauer’s highest 5-Star rating for financial strength and stability and has maintained this top rating for 67 consecutive quarters, since March 2004. Earning a 5-Star rating indicates that the bank excels in areas of capital adequacy, profitability, asset quality and much more. This title has secured an even higher designation for Clear Mountain Bank as an “Exceptional Performance Bank,” as this status is reserved for banks that have earned Bauer’s highest rating consistently for at least 10 consecutive years. It also indicates that Clear Mountain Bank is one of the strongest banks in the nation.
“It’s a noteworthy accomplishment in the best of times,” boasts Karen Dorway, president of the BauerFinancial, Inc. “Today, it speaks volumes. How do they do it? A solid sense of community, working one on one, providing solutions to people who need it – that’s the mark of a true community bank. Clear Mountain Bank’s team members have been right there on the front lines doing whatever they could to help their neighbors and friends throughout the pandemic. And, they’ve done it all without compromising the strength of the institution itself. That’s doing well while doing good.”
Clear Mountain Bank is a locally owned and managed community bank serving north-central West Virginia and western Maryland through its 13 conveniently located branch offices. The bank has been building relationships and reinvesting in its local communities for more than 100 years and 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. More information is available at bauerfinancial.com.