Clear Mountain Bank Recognized as a Bank People Can Trust
Posted on: November 26th, 2019
Clear Mountain Bank proudly announces its 5-star rating for its continued financial excellence from BauerFinancial, Inc., the Nation’s Premier Bank Rating Firm. Not only has Clear Mountain Bank earned Bauer’s highest 5-Star rating for financial strength and stability, it has maintained that top rating for 65 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 achievement has secured an even higher designation for Clear Mountain Bank as an “Exceptional Performance Bank” as this title is reserved for banks that have earned Bauer’s top 5-Star rating for 40 consecutive quarters (10 years) or longer.
“Relationship banking is a lot like any other relationship,” notes Karen Dorway, president of BauerFinancial. “It’s much easier to maintain confidence and trust than to try to win it back. While a lot of Wall Street banks lost it, Clear Mountain Bank never did. In fact,” she continued, “a recent Federal Reserve survey found that while fewer than half of big bank customers were satisfied with their overall banking experience, the vast majority of community bank customers are satisfied. And, local businesses dealing with community banks not only reported the most satisfaction, but also the most success. Community banks, Clear Mountain Bank included, are local small businesses themselves, so they have a definite leg up on outsiders,” Dorway stated.
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.