SARATOGA SPRINGS — The Adirondack Trust Company announced it has secured a five-star rating from BAUERFINANCIAL, the Nation’s Premier Bank Rating Firm.
A five-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 55 consecutive quarters puts Adirondack Trust in the most prestigious bracket as an Exceptional Performance Bank.
“I am often asked what it takes to be a 5-Star bank,” BAUERFINANCIAL President Karen Dorway said. “Like so many other things in life, success in banking boils down to knowledge. Knowledge of banking, of course, but knowledge of its customers and the communities the bank serves are equally important. This intimacy enables the bank to steer clear of danger and work with customers for a common goal. It’s what gets so many community banks, like Adirondack Trust, through the tough times unscathed.”
“We are pleased to continue to be honored by BAUERFINANCIAL as an Exceptional Performance Bank,” Adirondack Trust Company President & CEO Charles V. Wait, Jr. said of the achievement. “We are focused on maintaining a very strong balance sheet and our strong financial discipline has helped us to achieve this honor. We are grateful for the support we’ve received from our customers and our communities since our founding in 1901.”
BAUERFINANCIAL, Inc., based in Coral Gables, Fla., is 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.
