SARATOGA SPRINGS — The Adirondack Trust Company reported it has once again earned a 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. The Adirondack Trust Co. has earned and maintained this top honor for 44 consecutive quarters, earning the even higher honor of being an “Exceptional Performance Bank.”
“The Adirondack Trust Company is an integral member of the community,” remarks Karen L. Dorway, president of BauerFinancial. “Its support provides the vitality the community needs to remain socially, educationally and commercially vibrant. A strong community, in turn, produces a strong community bank. And the cycle continues. True community banks, like the Adirondack Trust Company, understand that what is good for the community is equally good for them, making them an invaluable neighbor.”
Charles V. Wait, Jr., executive vice president of the Adirondack Trust Co. added, “We are very honored to be recognized by BauerFinancial as an Exceptional Performance Bank. We take great pride in our fiscal management, which allows us to support our customers and our community from a strong financial foundation.”